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

Johnson Controls International plc (NYSE:JCI - Get Free Report) shares reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $105.12 and last traded at $105.11, with a volume of 3189681 shares. The stock had previously closed at $101.97.

Wall Street Analysts Forecast Growth

JCI has been the topic of several research reports. Robert W. Baird increased their target price on Johnson Controls International from $84.00 to $90.00 and gave the stock a "neutral" rating in a research note on Thursday, May 8th. Oppenheimer increased their price target on Johnson Controls International from $90.00 to $96.00 and gave the company an "outperform" rating in a research report on Thursday, May 8th. Wells Fargo & Company increased their price target on Johnson Controls International from $100.00 to $130.00 and gave the company an "overweight" rating in a research report on Wednesday, June 4th. Morgan Stanley increased their price target on Johnson Controls International from $105.00 to $115.00 and gave the company an "overweight" rating in a research report on Friday, May 9th. Finally, UBS Group reaffirmed a "buy" rating and issued a $116.00 price target (up previously from $103.00) on shares of Johnson Controls International in a research report on Thursday, May 22nd. Eight investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $97.88.

Johnson Controls International Trading Up 2.4%

The firm has a market cap of $68.72 billion, a PE ratio of 39.86, 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 business has a fifty day moving average price of $91.37 and a 200 day moving average price of $85.02.

Johnson Controls International (NYSE:JCI - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The company reported $0.82 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.77 by $0.05. The firm had revenue of $5.68 billion for the quarter, compared to the consensus estimate of $5.64 billion. Johnson Controls International had a return on equity of 15.11% and a net margin of 6.83%. The firm's quarterly revenue was up 1.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.78 EPS. Analysts forecast that Johnson Controls International plc will post 3.64 EPS for the current year.

Johnson Controls International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, July 18th. Shareholders of record on Monday, June 23rd will be paid a $0.37 dividend. The ex-dividend date is Monday, June 23rd. This represents a $1.48 annualized dividend and a dividend yield of 1.42%. Johnson Controls International's dividend payout ratio (DPR) is currently 39.47%.

Johnson Controls International declared that its Board of Directors has authorized a stock repurchase plan on Friday, June 13th that authorizes the company to repurchase $9.00 billion in outstanding shares. This repurchase authorization authorizes the company to purchase up to 13.4% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's management believes its stock is undervalued.

Insider Buying and Selling at Johnson Controls International

In other news, VP Nathan D. Manning sold 1,422 shares of the firm's stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $79.72, for a total value of $113,361.84. Following the completion of the sale, the vice president now directly owns 145,502 shares of the company's stock, valued at $11,599,419.44. This trade represents a 0.97% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Anuruddha Rathninde sold 15,000 shares of the firm's stock in a transaction that occurred on Friday, June 6th. The shares were 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 directly owns 42,574 shares of the company's stock, valued at $4,390,656.62. This represents a 26.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 147,555 shares of company stock worth $13,669,414. 0.54% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Johnson Controls International

Hedge funds and other institutional investors have recently bought and sold shares of the company. Wealthcare Advisory Partners LLC raised its holdings in Johnson Controls International by 9.0% during the first quarter. Wealthcare Advisory Partners LLC now owns 3,982 shares of the company's stock worth $319,000 after purchasing an additional 328 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in Johnson Controls International by 24.5% during the first quarter. Farther Finance Advisors LLC now owns 7,946 shares of the company's stock worth $647,000 after purchasing an additional 1,566 shares during the last quarter. Hennion & Walsh Asset Management Inc. raised its holdings in Johnson Controls International by 15.4% during the first quarter. Hennion & Walsh Asset Management Inc. now owns 6,611 shares of the company's stock worth $530,000 after purchasing an additional 882 shares during the last quarter. SBI Securities Co. Ltd. acquired a new position in Johnson Controls International during the fourth quarter worth $29,000. Finally, Madison Investment Advisors LLC acquired a new position in shares of Johnson Controls International in the fourth quarter worth $213,000. 90.05% of the stock is 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.