Shares of Johnson Controls International plc Ordinary Share (NYSE:JCI) have been assigned an average recommendation of “Hold” from the twenty-three ratings firms that are covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have issued a buy rating on the company. The average 12-month target price among brokerages that have covered the stock in the last year is $47.31.

A number of equities analysts have recently commented on JCI shares. Goldman Sachs Group cut Johnson Controls International plc Ordinary Share from a “neutral” rating to a “sell” rating and lifted their target price for the stock from $37.36 to $44.00 in a report on Thursday, December 7th. Zacks Investment Research cut Johnson Controls International plc Ordinary Share from a “hold” rating to a “sell” rating in a report on Tuesday, November 14th. UBS Group cut Johnson Controls International plc Ordinary Share from a “positive” rating to a “neutral” rating in a report on Wednesday, November 15th. Oppenheimer reiterated a “buy” rating and issued a $50.00 target price (down previously from $52.00) on shares of Johnson Controls International plc Ordinary Share in a report on Tuesday, October 31st. Finally, Vertical Research cut Johnson Controls International plc Ordinary Share from a “buy” rating to a “hold” rating in a report on Friday, November 10th.

Shares of Johnson Controls International plc Ordinary Share (JCI) traded up $0.50 during trading on Monday, hitting $39.56. The stock had a trading volume of 3,776,414 shares, compared to its average volume of 6,606,652. The stock has a market cap of $36,150.00, a PE ratio of 23.13, a price-to-earnings-growth ratio of 1.03 and a beta of 0.90. The company has a current ratio of 1.04, a quick ratio of 0.77 and a debt-to-equity ratio of 0.56. Johnson Controls International plc Ordinary Share has a 12-month low of $34.51 and a 12-month high of $44.70.

Johnson Controls International plc Ordinary Share (NYSE:JCI) last announced its earnings results on Thursday, November 9th. The auto parts company reported $0.87 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.87. The firm had revenue of $8.14 billion during the quarter, compared to analysts’ expectations of $8.10 billion. Johnson Controls International plc Ordinary Share had a return on equity of 11.91% and a net margin of 6.32%. The company’s quarterly revenue was up 30.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.21 EPS. equities analysts expect that Johnson Controls International plc Ordinary Share will post 2.8 EPS for the current year.

Johnson Controls International plc Ordinary Share announced that its Board of Directors has initiated a share buyback program on Thursday, December 7th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the auto parts company to repurchase shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board believes its shares are undervalued.

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 12th. Investors of record on Monday, December 18th will be paid a dividend of $0.26 per share. This is a positive change from Johnson Controls International plc Ordinary Share’s previous quarterly dividend of $0.25. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.63%. The ex-dividend date of this dividend is Friday, December 15th. Johnson Controls International plc Ordinary Share’s dividend payout ratio (DPR) is currently 60.82%.

In other news, VP William C. Jackson bought 20,000 shares of the firm’s stock in a transaction on Tuesday, November 21st. The stock was acquired at an average cost of $36.00 per share, with a total value of $720,000.00. Following the transaction, the vice president now directly owns 286,842 shares in the company, valued at approximately $10,326,312. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO George Oliver bought 27,300 shares of the firm’s stock in a transaction on Friday, November 24th. The shares were purchased at an average cost of $36.80 per share, with a total value of $1,004,640.00. Following the completion of the transaction, the chief executive officer now owns 634,732 shares in the company, valued at $23,358,137.60. The disclosure for this purchase can be found here. Insiders have purchased a total of 59,300 shares of company stock valued at $2,161,560 over the last three months. 1.50% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. raised its position in Johnson Controls International plc Ordinary Share by 2.3% during the 2nd quarter. Vanguard Group Inc. now owns 63,619,905 shares of the auto parts company’s stock valued at $2,758,559,000 after purchasing an additional 1,457,941 shares in the last quarter. Dodge & Cox raised its position in Johnson Controls International plc Ordinary Share by 83.5% during the 2nd quarter. Dodge & Cox now owns 57,851,274 shares of the auto parts company’s stock valued at $2,508,431,000 after purchasing an additional 26,319,624 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC raised its position in Johnson Controls International plc Ordinary Share by 5.9% during the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 45,423,316 shares of the auto parts company’s stock valued at $1,830,106,000 after purchasing an additional 2,537,865 shares in the last quarter. Capital World Investors raised its position in Johnson Controls International plc Ordinary Share by 4.7% during the 2nd quarter. Capital World Investors now owns 42,405,917 shares of the auto parts company’s stock valued at $1,838,721,000 after purchasing an additional 1,917,892 shares in the last quarter. Finally, American Century Companies Inc. raised its position in Johnson Controls International plc Ordinary Share by 8.6% during the 3rd quarter. American Century Companies Inc. now owns 14,430,474 shares of the auto parts company’s stock valued at $581,404,000 after purchasing an additional 1,141,974 shares in the last quarter. 89.76% of the stock is owned by institutional investors and hedge funds.

ILLEGAL ACTIVITY NOTICE: This piece was posted by Watch List News and is owned by of Watch List News. If you are reading this piece on another site, it was stolen and reposted in violation of U.S. and international copyright & trademark legislation. The legal version of this piece can be read at https://www.watchlistnews.com/analysts-set-johnson-controls-international-plc-ordinary-share-jci-target-price-at-47-31/1803320.html.

Johnson Controls International plc Ordinary Share Company Profile

Johnson Controls, Inc is a technology company. The Company provides products, services and solutions to optimize energy and operational efficiencies of buildings; lead-acid automotive batteries and advanced batteries for hybrid and electric vehicles, and seating and interior systems for automobiles. The Company operates in two segments: Building Efficiency and Power Solutions.

Analyst Recommendations for Johnson Controls International plc Ordinary Share (NYSE:JCI)

Receive News & Ratings for Johnson Controls International plc Ordinary Share Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Johnson Controls International plc Ordinary Share and related companies with MarketBeat.com's FREE daily email newsletter.