Johnson Controls International (NYSE:JCI) Reaches New 1-Year High - Time to Buy?

Key Points

• Johnson Controls International's stock reached a new 52-week high of $113.38, reflecting positive market sentiment, with analysts setting new price targets between $116.00 and $133.00.
• The company recently announced a quarterly dividend increase to $0.40 per share, contributing to its annualized dividend yield of 1.4%.
• Johnson Controls International reported better-than-expected earnings with $1.05 EPS for the last quarter, surpassing analysts' estimates of $0.99.

Johnson Controls International plc (NYSE:JCI - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $113.38 and last traded at $112.55, with a volume of 222228 shares changing hands. The stock had previously closed at $110.55.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. The Goldman Sachs Group upped their price target on shares of Johnson Controls International from $119.00 to $124.00 and gave the company a "buy" rating in a research note on Monday, September 15th. Royal Bank Of Canada boosted their price target on Johnson Controls International from $114.00 to $116.00 and gave the company a "sector perform" rating in a research note on Thursday, October 16th. Deutsche Bank Aktiengesellschaft lifted their target price on Johnson Controls International from $124.00 to $125.00 and gave the company a "buy" rating in a research report on Thursday, October 2nd. Citigroup lifted their target price on Johnson Controls International from $112.00 to $119.00 and gave the company a "neutral" rating in a research report on Thursday, October 9th. Finally, Wolfe Research lifted their target price on Johnson Controls International from $132.00 to $133.00 and gave the company an "outperform" rating in a research report on Friday, September 12th. Ten research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat.com, Johnson Controls International has an average rating of "Moderate Buy" and a consensus price target of $113.41.

Johnson Controls International Price Performance

The company has a 50 day moving average price of $107.66 and a 200-day moving average price of $101.04. The company has a market cap of $73.59 billion, a price-to-earnings ratio of 33.35, a P/E/G ratio of 1.63 and a beta of 1.33. The company has a quick ratio of 0.81, a current ratio of 0.96 and a debt-to-equity ratio of 0.50.

Johnson Controls International (NYSE:JCI - Get Free Report) last announced its earnings results on Tuesday, July 29th. The company reported $1.05 EPS for the quarter, beating the consensus estimate of $0.99 by $0.06. Johnson Controls International had a return on equity of 14.71% and a net margin of 9.53%.The business had revenue of $6.05 billion for the quarter, compared to analysts' expectations of $5.99 billion. Johnson Controls International has set its FY 2025 guidance at 3.650-3.680 EPS. Q4 2025 guidance at 1.140-1.170 EPS. As a group, equities research analysts predict that Johnson Controls International plc will post 3.64 EPS for the current fiscal year.

Johnson Controls International Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 17th. Stockholders of record on Monday, September 22nd were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Monday, September 22nd. This is a positive change from Johnson Controls International's previous quarterly dividend of $0.37. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.4%. Johnson Controls International's payout ratio is currently 47.48%.

Insider Buying and Selling

In other news, VP Nathan D. Manning sold 1,422 shares of the company's stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $105.06, for a total transaction of $149,395.32. Following the transaction, the vice president directly owned 139,459 shares of the company's stock, valued at $14,651,562.54. This represents a 1.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Daniel C. Mcconeghy sold 5,917 shares of the company's stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $105.73, for a total value of $625,604.41. Following the transaction, the vice president directly owned 25,005 shares in the company, valued at $2,643,778.65. The trade was a 19.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 8,761 shares of company stock worth $922,447 over the last ninety days. 0.54% of the stock is owned by insiders.

Institutional Investors Weigh In On Johnson Controls International

Institutional investors and hedge funds have recently bought and sold shares of the stock. Caitong International Asset Management Co. Ltd purchased a new stake in Johnson Controls International in the 2nd quarter valued at $28,000. MTM Investment Management LLC purchased a new stake in shares of Johnson Controls International during the 2nd quarter valued at $32,000. Truvestments Capital LLC increased its position in shares of Johnson Controls International by 425.0% during the 1st quarter. Truvestments Capital LLC now owns 315 shares of the company's stock valued at $25,000 after purchasing an additional 255 shares during the last quarter. Elevation Point Wealth Partners LLC purchased a new stake in shares of Johnson Controls International during the 2nd quarter valued at $34,000. Finally, Accent Capital Management LLC purchased a new stake in shares of Johnson Controls International during the 1st quarter valued at $26,000. 90.05% of the stock is owned by hedge funds and other institutional investors.

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.

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