Johnson Controls International Target of Unusually Large Options Trading (JCI)
Johnson Controls International PLC (NYSE:JCI) was the recipient of unusually large options trading on Tuesday. Investors bought 22,606 call options on the stock. This is an increase of approximately 3,523% compared to the average volume of 624 call options.
Several brokerages recently commented on JCI. TheStreet raised Johnson Controls International from a “c+” rating to a “b-” rating in a report on Friday, August 24th. Argus raised Johnson Controls International from a “hold” rating to a “buy” rating in a report on Tuesday, August 21st. Morgan Stanley began coverage on Johnson Controls International in a report on Monday, August 20th. They set an “equal weight” rating and a $40.00 target price on the stock. UBS Group dropped their target price on Johnson Controls International from $46.00 to $44.00 and set a “buy” rating on the stock in a report on Thursday, August 30th. Finally, Citigroup boosted their target price on Johnson Controls International from $45.00 to $46.00 and gave the stock a “buy” rating in a report on Thursday, August 2nd. Four investment analysts have rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the stock. Johnson Controls International presently has an average rating of “Hold” and a consensus target price of $41.85.
NYSE JCI opened at $35.78 on Wednesday. The firm has a market capitalization of $33.52 billion, a price-to-earnings ratio of 13.76, a P/E/G ratio of 1.17 and a beta of 0.85. Johnson Controls International has a 1 year low of $32.89 and a 1 year high of $42.60. The company has a current ratio of 1.10, a quick ratio of 0.79 and a debt-to-equity ratio of 0.48.
The business also recently declared a quarterly dividend, which will be paid on Friday, October 12th. Shareholders of record on Monday, September 24th will be issued a $0.26 dividend. The ex-dividend date of this dividend is Friday, September 21st. This represents a $1.04 annualized dividend and a dividend yield of 2.91%. Johnson Controls International’s dividend payout ratio is currently 40.00%.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Tocqueville Asset Management L.P. increased its holdings in shares of Johnson Controls International by 7.8% in the second quarter. Tocqueville Asset Management L.P. now owns 83,019 shares of the auto parts company’s stock valued at $2,777,000 after buying an additional 5,999 shares in the last quarter. Staley Capital Advisers Inc. grew its position in Johnson Controls International by 8.0% during the 2nd quarter. Staley Capital Advisers Inc. now owns 971,295 shares of the auto parts company’s stock worth $32,490,000 after purchasing an additional 71,820 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Johnson Controls International by 9.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,964,733 shares of the auto parts company’s stock worth $166,061,000 after purchasing an additional 420,911 shares in the last quarter. Girard Partners LTD. grew its position in Johnson Controls International by 32.1% during the 2nd quarter. Girard Partners LTD. now owns 20,151 shares of the auto parts company’s stock worth $674,000 after purchasing an additional 4,899 shares in the last quarter. Finally, Toronto Dominion Bank grew its position in Johnson Controls International by 19.3% during the 2nd quarter. Toronto Dominion Bank now owns 595,402 shares of the auto parts company’s stock worth $19,912,000 after purchasing an additional 96,221 shares in the last quarter. 92.85% of the stock is currently owned by institutional investors.
Johnson Controls International Company Profile
Johnson Controls International plc operates as a diversified technology and multi industrial company worldwide. The company operates through Building Technologies & Solutions and Power Solutions segments. It designs, sells, controls, installs heating, ventilating, and air conditioning systems. The company also provides residential air conditioning and heating systems, and industrial refrigeration products, as well as technical and energy management consulting services.
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