Johnson Controls International (NYSE:JCI) Sets New 1-Year High - Here's Why

Johnson Controls International plc (NYSE:JCI - Get Free Report) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $104.00 and last traded at $103.52, with a volume of 3063371 shares changing hands. The stock had previously closed at $103.79.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on JCI shares. Morgan Stanley boosted their price target on Johnson Controls International from $105.00 to $115.00 and gave the stock an "overweight" rating in a research report on Friday, May 9th. Citigroup decreased their price target on shares of Johnson Controls International from $95.00 to $85.00 and set a "neutral" rating for the company in a research report on Monday, April 14th. Royal Bank of Canada lifted their price objective on shares of Johnson Controls International from $82.00 to $98.00 and gave the stock a "sector perform" rating in a research report on Thursday, May 8th. JPMorgan Chase & Co. boosted their price objective on shares of Johnson Controls International from $81.00 to $98.00 and gave the stock an "overweight" rating in a research note on Friday, May 16th. Finally, Barclays raised their target price on shares of Johnson Controls International from $85.00 to $90.00 and gave the company an "equal weight" rating in a research note on Wednesday, May 14th. Eight equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $97.88.

Johnson Controls International Stock Performance

The stock has a market capitalization of $67.73 billion, a price-to-earnings ratio of 39.28, a P/E/G ratio of 1.96 and a beta of 1.33. The company has a current ratio of 1.02, a quick ratio of 0.86 and a debt-to-equity ratio of 0.50. The firm has a 50-day moving average of $88.31 and a 200-day moving average of $84.34.

Johnson Controls International (NYSE:JCI - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $0.82 earnings per share for the quarter, beating analysts' consensus estimates of $0.77 by $0.05. Johnson Controls International had a return on equity of 15.11% and a net margin of 6.83%. The business had revenue of $5.68 billion for the quarter, compared to analyst estimates of $5.64 billion. During the same period in the prior year, the company earned $0.78 earnings per share. The company's revenue was up 1.4% on a year-over-year basis. As a group, sell-side analysts predict that Johnson Controls International plc will post 3.64 earnings per share for the current year.

Johnson Controls International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Monday, March 24th were issued a dividend of $0.37 per share. The ex-dividend date was Monday, March 24th. This represents a $1.48 annualized dividend and a dividend yield of 1.44%. Johnson Controls International's dividend payout ratio (DPR) is presently 39.47%.

Insider Activity at Johnson Controls International

In other Johnson Controls International news, VP Nathan D. Manning sold 1,422 shares of the business's stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $100.90, for a total value of $143,479.80. Following the completion of the transaction, the vice president now directly owns 143,282 shares of the company's stock, valued at approximately $14,457,153.80. The trade was a 0.98% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Anuruddha Rathninde sold 15,000 shares of the company's stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $103.13, for a total value of $1,546,950.00. Following the completion of the sale, the vice president now owns 42,574 shares in the company, valued at approximately $4,390,656.62. This represents a 26.05% decrease in their position. The disclosure for this sale can be found here. Insiders sold 347,555 shares of company stock worth $29,536,076 over the last three months. Company insiders own 0.54% of the company's stock.

Hedge Funds Weigh In On Johnson Controls International

Large investors have recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of Johnson Controls International by 0.4% in the first quarter. Vanguard Group Inc. now owns 68,444,686 shares of the company's stock worth $5,483,104,000 after acquiring an additional 288,576 shares during the period. Franklin Resources Inc. increased its stake in shares of Johnson Controls International by 6.0% in the 4th quarter. Franklin Resources Inc. now owns 23,344,374 shares of the company's stock valued at $1,842,571,000 after purchasing an additional 1,325,500 shares in the last quarter. Invesco Ltd. increased its stake in shares of Johnson Controls International by 13.2% in the 4th quarter. Invesco Ltd. now owns 18,407,597 shares of the company's stock valued at $1,452,912,000 after purchasing an additional 2,150,573 shares in the last quarter. Fisher Asset Management LLC raised its holdings in Johnson Controls International by 2.9% in the 4th quarter. Fisher Asset Management LLC now owns 15,743,019 shares of the company's stock worth $1,242,597,000 after purchasing an additional 447,513 shares during the period. Finally, Geode Capital Management LLC boosted its position in Johnson Controls International by 2.5% during the fourth quarter. Geode Capital Management LLC now owns 13,818,777 shares of the company's stock worth $1,087,670,000 after purchasing an additional 343,517 shares in the last quarter. 90.05% of the stock is currently owned by institutional investors and hedge funds.

Johnson Controls International Company Profile

Johnson Controls International plc, together with its subsidiaries, engages in engineering, manufacturing, commissioning, and retrofitting building products and systems in the United States, Europe, the Asia Pacific, and internationally. It operates in four segments: Building Solutions North America, Building Solutions EMEA/LA, Building Solutions Asia Pacific, and Global Products.