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Johnson Controls International (NYSE:JCI) Reaches New 12-Month High - Should You Buy?

Johnson Controls International logo with Construction background

Johnson Controls International plc (NYSE:JCI - Get Free Report) shares reached a new 52-week high on Tuesday . The company traded as high as $100.03 and last traded at $99.85, with a volume of 1219246 shares traded. The stock had previously closed at $97.99.

Analyst Upgrades and Downgrades

JCI has been the topic of a number of analyst reports. Oppenheimer lifted their target price on shares of Johnson Controls International from $90.00 to $96.00 and gave the stock an "outperform" rating in a research note on Thursday, May 8th. UBS Group reaffirmed a "buy" rating and set a $116.00 target price (up from $103.00) on shares of Johnson Controls International in a research note on Thursday, May 22nd. Deutsche Bank Aktiengesellschaft raised shares of Johnson Controls International from a "hold" rating to a "buy" rating and boosted their price target for the company from $101.00 to $112.00 in a research note on Monday, May 12th. Robert W. Baird boosted their price target on shares of Johnson Controls International from $84.00 to $90.00 and gave the company a "neutral" rating in a research note on Thursday, May 8th. Finally, Royal Bank of Canada boosted their price target on shares of Johnson Controls International from $82.00 to $98.00 and gave the company a "sector perform" rating in a research note on Thursday, May 8th. Eight equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, Johnson Controls International currently has an average rating of "Moderate Buy" and an average price target of $96.12.

Check Out Our Latest Analysis on Johnson Controls International

Johnson Controls International Stock Performance

The company has a market cap of $66.57 billion, a PE ratio of 38.61, a P/E/G ratio of 1.96 and a beta of 1.28. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.86 and a current ratio of 1.02. The stock's 50-day simple moving average is $85.82 and its 200 day simple moving average is $83.59.

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

Johnson Controls International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Monday, March 24th were issued a $0.37 dividend. The ex-dividend date was Monday, March 24th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.46%. Johnson Controls International's dividend payout ratio is presently 39.47%.

Insider Activity

In other news, Director George Oliver sold 184,331 shares of the stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $79.49, for a total value of $14,652,471.19. Following the completion of the transaction, the director now owns 1,019,562 shares in the company, valued at $81,044,983.38. This trade represents a 15.31% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Nathan D. Manning sold 1,422 shares of the stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $86.91, for a total transaction of $123,586.02. Following the completion of the sale, the vice president now directly owns 144,704 shares in the company, valued at approximately $12,576,224.64. The trade was a 0.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 331,133 shares of company stock worth $27,845,646 in the last 90 days. 0.54% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Johnson Controls International

Several hedge funds have recently modified their holdings of the company. Truvestments Capital LLC boosted its position in shares of Johnson Controls International by 425.0% in the first quarter. Truvestments Capital LLC now owns 315 shares of the company's stock worth $25,000 after acquiring an additional 255 shares during the last quarter. Accent Capital Management LLC purchased a new position in Johnson Controls International in the first quarter valued at approximately $26,000. Compass Financial Services Inc purchased a new position in Johnson Controls International in the fourth quarter valued at approximately $26,000. Cornerstone Planning Group LLC raised its stake in shares of Johnson Controls International by 74.5% during the first quarter. Cornerstone Planning Group LLC now owns 363 shares of the company's stock valued at $28,000 after purchasing an additional 155 shares during the period. Finally, Activest Wealth Management raised its stake in shares of Johnson Controls International by 56.4% during the first quarter. Activest Wealth Management now owns 369 shares of the company's stock valued at $30,000 after purchasing an additional 133 shares during the period. 90.05% of the stock is owned by institutional investors and hedge funds.

About Johnson Controls International

(Get Free Report)

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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