Johnson Controls International plc (JCI) - What Are Researchers Saying About This Stock?

Key Points

• Analysts rate Johnson Controls a “Moderate Buy.” Of 23 firms, 12 recommend buying, 10 advise holding and one recommends selling; the average 12-month price target is $166.86.
• Quarterly results exceeded expectations: Johnson Controls reported adjusted earnings of $1.66 per share versus $1.59 expected, while revenue of $7.11 billion topped estimates and rose 10.4% year over year.
• A company director sold 4,000 shares, reducing his stake by 12.81%; insiders own 0.29% of shares, while institutional investors own 90.05%.

Shares of Johnson Controls International plc (NYSE:JCI - Get Free Report) have been assigned an average rating of "Moderate Buy" from the twenty-three research firms that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, ten have issued a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $166.86.

Several research firms have commented on JCI. Mizuho raised their price objective on Johnson Controls International from $150.00 to $165.00 and gave the stock a "neutral" rating in a report on Thursday, October 15th. Wall Street Zen downgraded Johnson Controls International from a "buy" rating to a "hold" rating in a research report on Saturday, August 1st. Citigroup upped their price target on shares of Johnson Controls International from $170.00 to $172.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 28th. Morgan Stanley raised their price objective on shares of Johnson Controls International from $175.00 to $180.00 and gave the stock an "overweight" rating in a research note on Wednesday, September 2nd. Finally, UBS Group reiterated a "buy" rating on shares of Johnson Controls International in a research report on Wednesday, October 28th.

Insiders Place Their Bets

In related news, Director Juergen Tinggren sold 4,000 shares of the company's stock in a transaction on Wednesday, October 28th. The stock was sold at an average price of $159.19, for a total value of $636,760.00. Following the transaction, the director directly owned 27,236 shares of the company's stock, valued at $4,335,698.84. This represents a 12.81% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.29% of the stock is owned by company insiders.

Hedge Funds Weigh In On Johnson Controls International

A number of institutional investors and hedge funds have recently bought and sold shares of JCI. NBH Bank bought a new position in shares of Johnson Controls International in the second quarter valued at approximately $29,000. Signature Equity Partners LLC boosted its holdings in Johnson Controls International by 96.2% during the 3rd quarter. Signature Equity Partners LLC now owns 206 shares of the company's stock worth $31,000 after acquiring an additional 101 shares during the last quarter. Virginia Estate & Retirement Planning Advisors Inc. purchased a new stake in shares of Johnson Controls International in the third quarter worth $33,000. Fourth Dimension Wealth LLC increased its stake 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 valued at $34,000 after buying an additional 78 shares during the period. Finally, First Bancorp Inc ME bought a new stake in Johnson Controls International in the 2nd quarter worth approximately $34,000. Hedge funds and other institutional investors own 90.05% of the company's stock.

Johnson Controls International Stock Performance

Shares of NYSE:JCI opened at $134.78 on Friday. Johnson Controls International has a one year low of $108.41 and a one year high of $160.41. The company has a market cap of $81.64 billion, a P/E ratio of 28.80, a PEG ratio of 1.15 and a beta of 1.27. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.75 and a current ratio of 0.90. The business's 50-day simple moving average is $147.11 and its 200 day simple moving average is $141.47.

Johnson Controls International (NYSE:JCI - Get Free Report) last issued its quarterly earnings results on Tuesday, October 27th. The company reported $1.66 EPS for the quarter, topping the consensus estimate of $1.59 by $0.07. The company had revenue of $7.11 billion for the quarter, compared to the consensus estimate of $7.04 billion. Johnson Controls International had a return on equity of 23.38% and a net margin of 11.12%. The company's revenue for the quarter was up 10.4% on a year-over-year basis. During the same period in the previous year, the business posted $1.26 EPS. On average, sell-side analysts forecast that Johnson Controls International will post 6.28 earnings per share for the current fiscal year.

Johnson Controls International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 16th. Shareholders of record on Monday, September 21st were paid a dividend of $0.40 per share. The ex-dividend date was Monday, September 21st. This represents a $1.60 annualized dividend and a yield of 1.2%. Johnson Controls International's dividend payout ratio is currently 34.19%.

About Johnson Controls International

Johnson Controls International plc develops building technologies, products and services for commercial, industrial and institutional customers. Its offerings include heating, ventilation and air conditioning (HVAC) equipment, building automation and controls, fire detection and suppression systems, and security solutions. The company also provides maintenance, modernization and other services to help customers manage building operations.

Its products and services support facilities such as offices, hospitals, schools, data centers and manufacturing sites.

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