Johnson Controls International plc (NYSE:JCI) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Johnson Controls International plc (NYSE:JCI) have received a consensus recommendation of “Moderate Buy” from the twenty-three brokerages that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $152.85.

JCI has been the topic of a number of research analyst reports. Wells Fargo & Company lifted their target price on Johnson Controls International from $145.00 to $160.00 and gave the stock an “overweight” rating in a research report on Thursday, May 7th. Royal Bank Of Canada restated a “sector perform” rating and set a $154.00 price target on shares of Johnson Controls International in a research note on Tuesday, June 2nd. Wolfe Research reaffirmed an “outperform” rating and set a $171.00 price target on shares of Johnson Controls International in a research report on Wednesday, June 3rd. HSBC boosted their price objective on Johnson Controls International from $127.00 to $136.00 in a research note on Thursday, May 7th. Finally, Wall Street Zen upgraded shares of Johnson Controls International from a “hold” rating to a “buy” rating in a research report on Sunday, May 3rd.

Insider Transactions at Johnson Controls International

In other news, VP Todd M. Grabowski sold 1,800 shares of the stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $146.20, for a total transaction of $263,160.00. Following the completion of the sale, the vice president owned 26,215 shares in the company, valued at approximately $3,832,633. This represents a 6.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Lei Zhang Schlitz sold 88,809 shares of the firm’s stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $140.99, for a total value of $12,521,180.91. Following the transaction, the vice president directly owned 57,059 shares in the company, valued at approximately $8,044,748.41. This represents a 60.88% decrease in their position. The SEC filing for this sale provides additional information. 0.29% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Johnson Controls International

A number of hedge funds and other institutional investors have recently bought and sold shares of JCI. Brighton Jones LLC purchased a new stake in shares of Johnson Controls International in the fourth quarter valued at about $222,000. Acadian Asset Management LLC purchased a new position in Johnson Controls International during the first quarter worth about $55,000. Sivia Capital Partners LLC lifted its position in Johnson Controls International by 83.3% in the second quarter. Sivia Capital Partners LLC now owns 7,049 shares of the company’s stock valued at $745,000 after purchasing an additional 3,203 shares during the period. Jump Financial LLC lifted its position in Johnson Controls International by 3.5% in the second quarter. Jump Financial LLC now owns 12,578 shares of the company’s stock valued at $1,328,000 after purchasing an additional 425 shares during the period. Finally, Federated Hermes Inc. boosted its holdings in Johnson Controls International by 120.7% in the 2nd quarter. Federated Hermes Inc. now owns 12,359 shares of the company’s stock valued at $1,305,000 after purchasing an additional 6,760 shares in the last quarter. 90.05% of the stock is currently owned by hedge funds and other institutional investors.

Johnson Controls International Trading Down 0.1%

Shares of Johnson Controls International stock opened at $140.14 on Friday. The company has a fifty day simple moving average of $141.88 and a 200-day simple moving average of $134.47. Johnson Controls International has a 12-month low of $102.09 and a 12-month high of $151.18. The company has a current ratio of 1.04, a quick ratio of 0.85 and a debt-to-equity ratio of 0.64. The stock has a market cap of $85.50 billion, a price-to-earnings ratio of 25.07, a PEG ratio of 1.50 and a beta of 1.31.

Johnson Controls International (NYSE:JCI) last announced its quarterly earnings results on Tuesday, March 31st. The company reported $1.19 EPS for the quarter. Johnson Controls International had a net margin of 14.45% and a return on equity of 19.50%. The firm had revenue of $6.14 billion for the quarter. On average, equities analysts forecast that Johnson Controls International will post 4.92 EPS for the current fiscal year.

Johnson Controls International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Monday, June 15th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Monday, June 15th. Johnson Controls International’s dividend payout ratio (DPR) is presently 28.62%.

About Johnson Controls International

Johnson Controls International plc is a global diversified technology and multi‑industrial company that develops products, services and solutions for buildings and energy storage. The company’s core focus is on improving building efficiency, safety and sustainability through a combination of HVAC equipment, building controls and automation, fire and security systems, and related services. Johnson Controls traces its roots to 1885, when inventor Warren S. Johnson developed an electric room thermostat; over its long history the company has expanded from controls into a broad set of building‑related technologies and, through corporate transactions, into a global provider of integrated building solutions.

Johnson Controls’ product and service portfolio includes heating, ventilation and air‑conditioning equipment, chillers, air handlers and related mechanical systems, together with building automation and control platforms that monitor and manage energy use, indoor environmental quality and security.