Atlantic Securities downgraded shares of Johnson Controls International PLC (NYSE:JCI) from an overweight rating to a neutral rating in a research note published on Friday morning, MarketBeat reports.

Several other equities analysts have also issued reports on JCI. HSBC Holdings plc initiated coverage on Johnson Controls International PLC in a research note on Friday, March 31st. They issued a buy rating and a $50.00 price target on the stock. Zacks Investment Research lowered Johnson Controls International PLC from a hold rating to a sell rating in a research note on Tuesday, April 4th. Cowen and Company reiterated a buy rating and issued a $52.00 price target on shares of Johnson Controls International PLC in a research note on Thursday, April 27th. ValuEngine lowered Johnson Controls International PLC from a buy rating to a hold rating in a research note on Friday, June 2nd. Finally, JMP Securities initiated coverage on Johnson Controls International PLC in a research note on Monday, June 19th. They issued an outperform rating and a $54.00 price target on the stock. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of Buy and an average target price of $50.70.

Johnson Controls International PLC (NYSE JCI) opened at 38.95 on Friday. Johnson Controls International PLC has a 1-year low of $38.65 and a 1-year high of $50.10. The firm has a 50-day moving average price of $42.66 and a 200-day moving average price of $42.16. The firm’s market cap is $36.32 billion.

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

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

In other news, CEO Alex A. Molinaroli sold 6,335 shares of the business’s stock in a transaction dated Tuesday, May 9th. The stock was sold at an average price of $41.96, for a total value of $265,816.60. Following the transaction, the chief executive officer now directly owns 1,296,407 shares of the company’s stock, valued at approximately $54,397,237.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.50% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Goelzer Investment Management Inc. increased its position in shares of 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 worth $6,449,000 after buying an additional 2,787 shares in the last quarter. Tdam USA Inc. increased its position in shares of 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 worth $8,538,000 after buying an additional 6,575 shares in the last quarter. Norris Perne & French LLP MI increased its position in shares of 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 worth $4,041,000 after buying an additional 7,909 shares in the last quarter. Honeywell International Inc. acquired a new position in shares of Johnson Controls International PLC during the second quarter worth about $13,008,000. Finally, Korea Investment CORP increased its position in shares of 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 worth $3,876,000 after buying an additional 85,809 shares in the last quarter. 84.23% of the stock is currently owned by institutional investors.

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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