TheStreet upgraded shares of Johnson Controls International PLC (NYSE:JCI) from a c rating to a b rating in a research report sent to investors on Thursday morning.

A number of other equities research analysts also recently weighed in on JCI. Atlantic Securities downgraded Johnson Controls International PLC from an overweight rating to a neutral rating in a report on Friday. Wolfe Research initiated coverage on Johnson Controls International PLC in a report on Tuesday, July 11th. They issued a market perform rating for the company. Royal Bank Of Canada reiterated a hold rating and issued a $43.00 price target (down from $48.00) on shares of Johnson Controls International PLC in a report on Friday. HSBC Holdings plc initiated coverage on Johnson Controls International PLC in a report on Friday, March 31st. They issued a buy rating and a $50.00 price target for the company. Finally, Gabelli upgraded Johnson Controls International PLC from a hold rating to a buy rating and set a $51.00 price target for the company in a report on Friday. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of Buy and a consensus target price of $50.70.

Shares of Johnson Controls International PLC (JCI) opened at 39.64 on Thursday. The company’s 50 day moving average is $42.75 and its 200-day moving average is $42.22. The stock’s market capitalization is $36.96 billion. Johnson Controls International PLC has a 1-year low of $38.75 and a 1-year high of $48.97.

Johnson Controls International PLC (NYSE:JCI) last posted its quarterly earnings data on Thursday, July 27th. The auto parts company reported $0.71 earnings per share (EPS) for the quarter, hitting the 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 the consensus estimate of $7.72 billion. During the same period in the previous year, the business earned $1.07 EPS. Johnson Controls International PLC’s revenue for the quarter was up 48.8% compared to the same quarter last year. Equities analysts anticipate 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 declared a quarterly dividend, which was paid on Friday, July 7th. Shareholders of record on Wednesday, June 28th were given a dividend of $0.25 per share. The ex-dividend date was Monday, June 26th. This represents a $1.00 dividend on an annualized basis and a yield of 2.52%. Johnson Controls International PLC’s dividend payout ratio (DPR) is presently -196.08%.

In other Johnson Controls International PLC news, CEO Alex A. Molinaroli sold 6,335 shares of the business’s stock in a transaction on Tuesday, May 9th. The stock was sold at an average price of $41.96, for a total transaction of $265,816.60. Following the completion of the transaction, the chief executive officer now owns 1,296,407 shares in the company, valued at approximately $54,397,237.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.48% of the company’s stock.

Hedge funds have recently made changes to their positions in the stock. Lazard Asset Management LLC raised its stake in shares of Johnson Controls International PLC by 20.1% in the first quarter. Lazard Asset Management LLC now owns 11,231,816 shares of the auto parts company’s stock valued at $473,083,000 after buying an additional 1,883,034 shares during the period. OppenheimerFunds Inc. raised its stake in shares of Johnson Controls International PLC by 31.3% in the first quarter. OppenheimerFunds Inc. now owns 11,209,265 shares of the auto parts company’s stock valued at $472,135,000 after buying an additional 2,670,778 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Johnson Controls International PLC by 19.2% in the first quarter. Bank of New York Mellon Corp now owns 9,214,364 shares of the auto parts company’s stock valued at $388,108,000 after buying an additional 1,483,178 shares during the period. Geode Capital Management LLC raised its stake in shares of Johnson Controls International PLC by 9.3% in the first quarter. Geode Capital Management LLC now owns 9,137,888 shares of the auto parts company’s stock valued at $384,341,000 after buying an additional 780,842 shares during the period. Finally, Ameriprise Financial Inc. raised its stake in shares of Johnson Controls International PLC by 8.3% in the first quarter. Ameriprise Financial Inc. now owns 8,827,941 shares of the auto parts company’s stock valued at $371,848,000 after buying an additional 672,912 shares during the period. Institutional investors and hedge funds own 84.20% of the company’s stock.

About Johnson Controls International PLC

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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