Johnson Controls International plc (NYSE:JCI) Receives Average Rating of “Hold” from Brokerages

Shares of Johnson Controls International plc (NYSE:JCI) have earned a consensus recommendation of “Hold” from the twenty-three brokerages that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, ten have issued a hold recommendation and twelve have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $157.05.

A number of brokerages recently commented on JCI. Zacks Research cut Johnson Controls International from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 6th. Oppenheimer reissued a “market perform” rating on shares of Johnson Controls International in a report on Tuesday, June 2nd. Citigroup upped their price target on Johnson Controls International from $155.00 to $157.00 and gave the stock a “neutral” rating in a research report on Thursday, July 30th. Sanford C. Bernstein lifted their price objective on Johnson Controls International from $173.00 to $190.00 and gave the company an “outperform” rating in a research report on Friday, August 14th. Finally, The Goldman Sachs Group increased their target price on shares of Johnson Controls International from $169.00 to $178.00 and gave the stock a “buy” rating in a report on Tuesday, June 2nd.

Johnson Controls International Price Performance

NYSE JCI opened at $145.18 on Friday. The stock has a market capitalization of $87.94 billion, a price-to-earnings ratio of 25.25, a PEG ratio of 1.41 and a beta of 1.29. Johnson Controls International has a 1-year low of $104.49 and a 1-year high of $157.06. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.00 and a quick ratio of 0.83. The business’s fifty day moving average price is $145.01 and its 200-day moving average price is $141.49.

Johnson Controls International (NYSE:JCI) last released its quarterly earnings results on Thursday, July 30th. The company reported $1.42 EPS for the quarter, beating the consensus estimate of $1.30 by $0.12. Johnson Controls International had a net margin of 14.32% and a return on equity of 22.11%. The firm had revenue of $6.61 billion during the quarter, compared to analyst estimates of $6.46 billion. During the same quarter in the prior year, the firm earned $1.05 EPS. The business’s revenue for the quarter was up 9.3% compared to the same quarter last year. On average, equities analysts predict that Johnson Controls International will post 5.08 earnings per share for the current year.

Johnson Controls International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 16th. Investors of record on Monday, September 21st will be paid a dividend of $0.40 per share. The ex-dividend date is Monday, September 21st. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.1%. Johnson Controls International’s payout ratio is 27.83%.

Insider Buying and Selling

In other news, VP Lei Schlitz sold 23,417 shares of the business’s stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $153.07, for a total value of $3,584,440.19. Following the transaction, the vice president directly owned 15,017 shares in the company, valued at $2,298,652.19. The trade was a 60.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.29% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Johnson Controls International

Institutional investors have recently added to or reduced their stakes in the stock. Natural Investments LLC boosted its position in shares of Johnson Controls International by 2.5% during the second quarter. Natural Investments LLC now owns 3,008 shares of the company’s stock valued at $439,000 after buying an additional 72 shares during the period. Baron Wealth Management LLC boosted its holdings in Johnson Controls International by 1.6% during the 2nd quarter. Baron Wealth Management LLC now owns 4,705 shares of the company’s stock valued at $687,000 after acquiring an additional 75 shares during the period. Diversify Wealth Management LLC grew its position in Johnson Controls International by 2.0% in the 2nd quarter. Diversify Wealth Management LLC now owns 3,868 shares of the company’s stock valued at $555,000 after acquiring an additional 76 shares during the last quarter. Resonant Capital Advisors LLC increased its stake in Johnson Controls International by 1.5% in the second quarter. Resonant Capital Advisors LLC now owns 5,063 shares of the company’s stock worth $742,000 after purchasing an additional 77 shares during the period. Finally, Fourth Dimension Wealth LLC lifted its position in shares of Johnson Controls International by 51.3% during the second quarter. Fourth Dimension Wealth LLC now owns 230 shares of the company’s stock worth $34,000 after purchasing an additional 78 shares during the last quarter. 90.05% of the stock is owned by hedge funds and other institutional investors.

About Johnson Controls International

Johnson Controls International plc (NYSE:JCI) is a global company focused on building technologies and solutions that improve the efficiency, safety and sustainability of buildings. Its offerings include heating, ventilation and air-conditioning systems, building automation and controls, fire detection and suppression equipment, security systems, and related digital technologies and services.

The company serves commercial, institutional, industrial and residential customers, helping organizations manage building operations, energy use, indoor air quality and physical security.