Gabelli upgraded shares of Johnson Controls International PLC (NYSE:JCI) from a hold rating to a buy rating in a research report sent to investors on Friday morning, Marketbeat Ratings reports. The firm currently has $51.00 target price on the auto parts company’s stock.

A number of other brokerages have also commented on JCI. Wolfe Research started coverage on shares of Johnson Controls International PLC in a research report on Tuesday, July 11th. They set a market perform rating on the stock. ValuEngine lowered shares of Johnson Controls International PLC from a buy rating to a hold rating in a research report on Friday, June 2nd. HSBC Holdings plc started coverage on shares of Johnson Controls International PLC in a report on Friday, March 31st. They set a buy rating and a $50.00 price objective on the stock. JMP Securities started coverage on shares of Johnson Controls International PLC in a report on Monday, June 19th. They set an outperform rating and a $54.00 price objective on the stock. Finally, Zacks Investment Research lowered shares of Johnson Controls International PLC from a hold rating to a sell rating in a report on Tuesday, April 4th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of Buy and an average price target of $50.70.

Johnson Controls International PLC (JCI) traded down 0.85% on Friday, hitting $38.62. The company’s stock had a trading volume of 1,458,829 shares. Johnson Controls International PLC has a 12 month low of $38.57 and a 12 month high of $50.10. The firm has a 50 day moving average of $42.66 and a 200 day moving average of $42.16. The firm’s market cap is $36.01 billion.

Johnson Controls International PLC (NYSE:JCI) last issued its earnings results on Thursday, July 27th. The auto parts company reported $0.71 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.71. The business had revenue of $7.67 billion for the quarter, compared to analyst estimates of $7.72 billion. Johnson Controls International PLC had a negative net margin of 0.43% and a positive return on equity of 11.74%. The company’s quarterly revenue was up 48.8% compared to the same quarter last year. During the same period last year, the company posted $1.07 earnings per share. Equities research analysts forecast that Johnson Controls International PLC will post $2.63 earnings per share for the current fiscal year.

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The business also recently disclosed a quarterly dividend, which was paid on Friday, July 7th. Stockholders of record on Wednesday, June 28th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, June 26th. This represents a $1.00 annualized dividend and a dividend yield of 2.57%. Johnson Controls International PLC’s payout ratio is currently -196.08%.

In other news, CEO Alex A. Molinaroli sold 6,335 shares of Johnson Controls International PLC stock in a transaction on Tuesday, May 9th. The shares were sold at an average price of $41.96, for a total transaction of $265,816.60. Following the completion of the sale, the chief executive officer now directly owns 1,296,407 shares in the company, valued at $54,397,237.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 1.50% of the company’s stock.

Several large investors have recently bought and sold shares of JCI. Goelzer Investment Management Inc. increased its stake in Johnson Controls International PLC by 1.9% in the second quarter. Goelzer Investment Management Inc. now owns 148,730 shares of the auto parts company’s stock valued at $6,449,000 after buying an additional 2,787 shares during the last quarter. Tdam USA Inc. increased its stake in Johnson Controls International PLC by 3.4% in the second quarter. Tdam USA Inc. now owns 200,652 shares of the auto parts company’s stock valued at $8,538,000 after buying an additional 6,575 shares during the last quarter. Norris Perne & French LLP MI increased its stake in Johnson Controls International PLC by 9.3% in the second quarter. Norris Perne & French LLP MI now owns 93,199 shares of the auto parts company’s stock valued at $4,041,000 after buying an additional 7,909 shares during the last quarter. Honeywell International Inc. bought a new stake in Johnson Controls International PLC during the second quarter valued at approximately $13,008,000. Finally, Korea Investment CORP increased its stake in Johnson Controls International PLC by 2,394.9% in the second quarter. Korea Investment CORP now owns 89,392 shares of the auto parts company’s stock valued at $3,876,000 after buying an additional 85,809 shares during the last quarter. Institutional investors and hedge funds own 84.23% of the company’s stock.

Johnson Controls International PLC 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 (NYSE:JCI)

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