Johnson Controls International plc (NYSE:JCI) Receives $147.63 Average PT from Brokerages

Shares of Johnson Controls International plc (NYSE:JCI) have been assigned an average rating of “Hold” from the twenty-two ratings firms that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, ten have assigned a hold recommendation and eleven have given a buy recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $147.6316.

Several brokerages recently weighed in on JCI. Wells Fargo & Company raised their target price on Johnson Controls International from $145.00 to $160.00 and gave the company an “overweight” rating in a research note on Thursday, May 7th. Citigroup raised their target price on Johnson Controls International from $150.00 to $155.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. Morgan Stanley raised their target price on Johnson Controls International from $130.00 to $140.00 and gave the company an “overweight” rating in a research note on Wednesday, March 11th. BNP Paribas Exane began coverage on Johnson Controls International in a research note on Tuesday, April 14th. They set an “underperform” rating and a $120.00 target price for the company. Finally, Mizuho raised their target price on Johnson Controls International from $130.00 to $140.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th.

Insider Buying and Selling at Johnson Controls International

In other news, VP Daniel C. Mcconeghy sold 3,600 shares of the company’s stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $142.56, for a total transaction of $513,216.00. Following the completion of the sale, the vice president directly owned 24,273 shares of the company’s stock, valued at $3,460,358.88. This represents a 12.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Lei Zhang Schlitz sold 88,809 shares of the company’s stock in a transaction on Friday, May 8th. The shares were sold at an average price of $140.99, for a total value of $12,521,180.91. Following the sale, the vice president directly owned 57,059 shares of the company’s stock, valued at approximately $8,044,748.41. This represents a 60.88% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.29% of the company’s stock.

Institutional Investors Weigh In On Johnson Controls International

Several hedge funds have recently modified their holdings of the stock. Janus Henderson Group PLC lifted its holdings in shares of Johnson Controls International by 3.3% during the first quarter. Janus Henderson Group PLC now owns 105,064 shares of the company’s stock valued at $13,758,000 after purchasing an additional 3,329 shares during the last quarter. Bull Harbor Capital LLC purchased a new stake in shares of Johnson Controls International during the first quarter valued at $1,004,000. Strategic Investment Advisors MI lifted its holdings in shares of Johnson Controls International by 41.2% during the first quarter. Strategic Investment Advisors MI now owns 7,608 shares of the company’s stock valued at $996,000 after purchasing an additional 2,219 shares during the last quarter. Ashton Thomas Securities LLC purchased a new stake in shares of Johnson Controls International during the first quarter valued at $376,000. Finally, Arkadios Wealth Advisors lifted its holdings in shares of Johnson Controls International by 2.4% during the first quarter. Arkadios Wealth Advisors now owns 20,717 shares of the company’s stock valued at $2,713,000 after purchasing an additional 479 shares during the last quarter. 90.05% of the stock is owned by hedge funds and other institutional investors.

Johnson Controls International Trading Down 4.0%

Shares of JCI stock opened at $137.33 on Friday. The stock has a 50-day simple moving average of $137.41 and a 200 day simple moving average of $127.70. Johnson Controls International has a fifty-two week low of $96.01 and a fifty-two week high of $147.32. The stock has a market capitalization of $83.79 billion, a P/E ratio of 24.57, a P/E/G ratio of 1.58 and a beta of 1.37. The company has a quick ratio of 0.85, a current ratio of 1.04 and a debt-to-equity ratio of 0.64.

Johnson Controls International (NYSE:JCI) last announced its earnings results on Tuesday, March 31st. The company reported $1.19 earnings per share for the quarter. Johnson Controls International had a return on equity of 19.50% and a net margin of 14.45%.The business had revenue of $6.14 billion during the quarter. On average, sell-side analysts expect that Johnson Controls International will post 4.87 earnings per share for the current fiscal year.

Johnson Controls International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 10th. Stockholders of record on Monday, March 16th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend was Monday, March 16th. Johnson Controls International’s dividend payout ratio is currently 28.62%.

Johnson Controls International Company Profile

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.