Evercore Initiates Coverage on Johnson Controls International (NYSE:JCI)

Key Points

• Evercore initiated coverage on Johnson Controls with an "in-line" rating and a $155 price target, implying roughly a 9% upside from the current share price.
• Johnson Controls beat Q1 estimates, reporting $0.89 EPS versus $0.84 expected and $5.80B in revenue (up 6.8% YoY), and issued FY2026 EPS guidance of about 4.70 and Q2 guidance of 1.11.
• The consensus is a Moderate Buy (12 Buys, 10 Holds) with an average price target of $136.60; institutional investors own roughly 90% of the shares and the company has a market cap near $87B.

Equities research analysts at Evercore started coverage on shares of Johnson Controls International (NYSE:JCI - Get Free Report) in a research note issued on Monday. The brokerage set an "in-line" rating and a $155.00 price target on the stock. Evercore's price objective indicates a potential upside of 9.01% from the company's current price.

Several other equities analysts have also commented on the stock. Wall Street Zen upgraded shares of Johnson Controls International from a "hold" rating to a "buy" rating in a report on Saturday, February 7th. Royal Bank Of Canada decreased their price objective on shares of Johnson Controls International from $140.00 to $139.00 and set a "sector perform" rating on the stock in a report on Wednesday, April 8th. Wolfe Research decreased their price objective on shares of Johnson Controls International from $161.00 to $160.00 and set an "outperform" rating on the stock in a report on Wednesday, April 8th. JPMorgan Chase & Co. upped their price objective on shares of Johnson Controls International from $138.00 to $158.00 and gave the stock an "overweight" rating in a report on Friday, February 6th. Finally, Morgan Stanley upped their price objective on shares of Johnson Controls International from $130.00 to $140.00 and gave the stock an "overweight" rating in a report on Wednesday, March 11th. Twelve analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $136.60.

Johnson Controls International Stock Performance

Johnson Controls International stock opened at $142.19 on Monday. The firm has a 50 day simple moving average of $136.11 and a 200-day simple moving average of $122.23. Johnson Controls International has a 1-year low of $73.55 and a 1-year high of $146.49. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.99 and a quick ratio of 0.81. The stock has a market cap of $87.03 billion, a price-to-earnings ratio of 26.78, a price-to-earnings-growth ratio of 1.61 and a beta of 1.39.

Johnson Controls International (NYSE:JCI - Get Free Report) last posted its quarterly earnings results on Wednesday, February 4th. The company reported $0.89 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.05. Johnson Controls International had a net margin of 14.17% and a return on equity of 17.15%. The business had revenue of $5.80 billion during the quarter, compared to analysts' expectations of $5.64 billion. During the same quarter in the prior year, the company posted $0.64 EPS. The business's revenue for the quarter was up 6.8% on a year-over-year basis. Johnson Controls International has set its FY 2026 guidance at 4.700-4.700 EPS and its Q2 2026 guidance at 1.110-1.110 EPS. On average, analysts expect that Johnson Controls International will post 3.64 EPS for the current year.

Insiders Place Their Bets

In other Johnson Controls International news, VP Todd M. Grabowski sold 6,050 shares of the stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $134.90, for a total transaction of $816,145.00. Following the sale, the vice president directly owned 34,836 shares in the company, valued at $4,699,376.40. This represents a 14.80% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Daniel C. Mcconeghy sold 3,600 shares of the stock in a transaction that occurred 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 sale, the vice president owned 24,273 shares in the company, valued at approximately $3,460,358.88. This trade represents a 12.92% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.29% of the stock is owned by company insiders.

Institutional Investors Weigh In On Johnson Controls International

A number of hedge funds have recently added to or reduced their stakes in the business. State Street Corp raised its holdings in shares of Johnson Controls International by 0.6% in the 3rd quarter. State Street Corp now owns 28,684,645 shares of the company's stock valued at $3,165,286,000 after purchasing an additional 163,167 shares in the last quarter. Franklin Resources Inc. raised its holdings in shares of Johnson Controls International by 3.3% in the 4th quarter. Franklin Resources Inc. now owns 22,655,105 shares of the company's stock valued at $2,712,949,000 after purchasing an additional 718,245 shares in the last quarter. Fisher Asset Management LLC raised its holdings in shares of Johnson Controls International by 1.7% in the 4th quarter. Fisher Asset Management LLC now owns 17,239,953 shares of the company's stock valued at $2,064,485,000 after purchasing an additional 280,704 shares in the last quarter. Invesco Ltd. raised its holdings in shares of Johnson Controls International by 13.0% in the 4th quarter. Invesco Ltd. now owns 16,003,486 shares of the company's stock valued at $1,916,417,000 after purchasing an additional 1,837,220 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of Johnson Controls International in the 4th quarter valued at $927,739,000. 90.05% of the stock is currently owned by institutional investors and hedge funds.

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.

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