Johnson Controls International plc (NYSE:JCI) Given Consensus Rating of "Hold" by Brokerages

Key Points

• Johnson Controls International plc (NYSE:JCI) has a consensus rating of “Hold” from analysts, with ten recommends to hold the stock and nine to buy it, leading to an average price target of $105.72.
• Despite recent insider selling, where VP Nathan D. Manning sold 1,422 shares and VP Daniel C. Mcconeghy sold 5,917 shares, the company continues to show significant institutional investor interest, with 90.05% of its stock held by such investors.
• Johnson Controls recently announced a $9.00 billion share buyback plan, reflecting management's belief that the stock is undervalued, and has a quarterly dividend of $0.37 per share with a yield of 1.4%.

Johnson Controls International plc (NYSE:JCI - Get Free Report) has received a consensus recommendation of "Hold" from the nineteen analysts that are presently covering the firm, MarketBeat Ratings reports. Ten research analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $105.7222.

JCI has been the subject of a number of research reports. UBS Group restated a "buy" rating and issued a $116.00 target price (up from $103.00) on shares of Johnson Controls International in a research note on Thursday, May 22nd. Royal Bank Of Canada lifted their target price on Johnson Controls International from $112.00 to $114.00 and gave the company a "sector perform" rating in a research note on Wednesday, July 30th. Jefferies Financial Group restated a "hold" rating and issued a $120.00 target price on shares of Johnson Controls International in a research note on Thursday, July 24th. JPMorgan Chase & Co. lifted their target price on Johnson Controls International from $81.00 to $98.00 and gave the company an "overweight" rating in a research note on Friday, May 16th. Finally, The Goldman Sachs Group lifted their target price on Johnson Controls International from $103.00 to $116.00 and gave the company a "buy" rating in a research note on Tuesday, July 8th.

Insider Buying and Selling

In other news, VP Nathan D. Manning sold 1,422 shares of Johnson Controls International 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 sale, the vice president owned 139,459 shares of the company's stock, valued at approximately $14,651,562.54. The trade was a 1.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Daniel C. Mcconeghy sold 5,917 shares of Johnson Controls International stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $105.73, for a total value of $625,604.41. Following the sale, the vice president directly owned 25,005 shares in the company, valued at approximately $2,643,778.65. This trade represents a 19.14% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 10,183 shares of company stock worth $1,071,501. Corporate insiders own 0.54% of the company's stock.

Institutional Investors Weigh In On Johnson Controls International

A number of hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. raised its holdings in shares of Johnson Controls International by 1.3% during the second quarter. Vanguard Group Inc. now owns 69,365,463 shares of the company's stock valued at $7,326,380,000 after buying an additional 920,777 shares during the last quarter. State Street Corp raised its holdings in Johnson Controls International by 2.5% during the second quarter. State Street Corp now owns 28,521,478 shares of the company's stock worth $3,022,673,000 after purchasing an additional 683,467 shares in the last quarter. Franklin Resources Inc. raised its holdings in Johnson Controls International by 3.0% during the second quarter. Franklin Resources Inc. now owns 23,223,902 shares of the company's stock worth $2,452,909,000 after purchasing an additional 675,862 shares in the last quarter. Fisher Asset Management LLC raised its holdings in Johnson Controls International by 2.7% during the second quarter. Fisher Asset Management LLC now owns 16,604,983 shares of the company's stock worth $1,753,818,000 after purchasing an additional 430,437 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in Johnson Controls International by 0.8% during the second quarter. Geode Capital Management LLC now owns 14,285,011 shares of the company's stock worth $1,501,266,000 after purchasing an additional 120,078 shares in the last quarter. Institutional investors own 90.05% of the company's stock.

Johnson Controls International Stock Down 1.0%

NYSE:JCI opened at $106.06 on Monday. The company has a market capitalization of $69.40 billion, a price-to-earnings ratio of 31.47, a price-to-earnings-growth ratio of 1.89 and a beta of 1.31. Johnson Controls International has a one year low of $67.68 and a one year high of $112.63. The stock has a 50-day simple moving average of $106.53 and a 200 day simple moving average of $94.87. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.81 and a current ratio of 0.96.

Johnson Controls International (NYSE:JCI - Get Free Report) last issued its earnings results on Tuesday, July 29th. The company reported $1.05 EPS for the quarter, beating analysts' consensus estimates 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 company had revenue of $6.05 billion during the quarter, compared to the consensus estimate 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. Sell-side analysts predict that Johnson Controls International will post 3.64 EPS for the current fiscal year.

Johnson Controls International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, July 18th. Stockholders of record on Monday, June 23rd were issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend was Monday, June 23rd. Johnson Controls International's payout ratio is 43.92%.

Johnson Controls International announced that its board has authorized a share buyback plan on Friday, June 13th that allows the company to buyback $9.00 billion in outstanding shares. This buyback authorization allows the company to reacquire up to 13.4% of its shares through open market purchases. Shares buyback plans are usually an indication that the company's management believes its stock is undervalued.

About Johnson Controls International

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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