Johnson Controls International plc (NYSE:JCI) Receives Average Recommendation of "Moderate Buy" from Analysts

Johnson Controls International plc (NYSE:JCI - Get Free Report) has been given a consensus rating of "Moderate Buy" by the seventeen analysts that are covering the stock, Marketbeat Ratings reports. Eight equities research analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $97.88.

Several analysts recently weighed in on JCI shares. Deutsche Bank Aktiengesellschaft raised Johnson Controls International from a "hold" rating to a "buy" rating and lifted their price target for the stock from $101.00 to $112.00 in a report on Monday, May 12th. Royal Bank Of Canada lifted their price target on Johnson Controls International from $82.00 to $98.00 and gave the stock a "sector perform" rating in a report on Thursday, May 8th. Morgan Stanley lifted their price target on Johnson Controls International from $105.00 to $115.00 and gave the stock an "overweight" rating in a report on Friday, May 9th. Oppenheimer cut Johnson Controls International from an "outperform" rating to a "market perform" rating in a report on Friday, June 20th. Finally, Robert W. Baird lifted their price target on Johnson Controls International from $84.00 to $90.00 and gave the stock a "neutral" rating in a report on Thursday, May 8th.

Johnson Controls International Stock Performance

Shares of NYSE JCI opened at $103.64 on Wednesday. The company has a current ratio of 0.96, a quick ratio of 0.81 and a debt-to-equity ratio of 0.48. Johnson Controls International has a 12 month low of $64.31 and a 12 month high of $105.19. The stock has a 50 day moving average of $94.39 and a 200-day moving average of $85.84. The company has a market capitalization of $68.20 billion, a P/E ratio of 27.64, a P/E/G ratio of 2.26 and a beta of 1.33.

Johnson Controls International (NYSE:JCI - Get Free Report) last issued its earnings results on Wednesday, May 7th. The company reported $0.82 EPS for the quarter, topping the consensus estimate of $0.77 by $0.05. Johnson Controls International had a return on equity of 15.13% and a net margin of 10.19%. The company had revenue of $5.68 billion during the quarter, compared to the consensus estimate of $5.64 billion. During the same period in the previous year, the company posted $0.78 EPS. The firm's revenue for the quarter was up 1.4% compared to the same quarter last year. As a group, equities research analysts predict that Johnson Controls International will post 3.64 EPS for the current year.

Johnson Controls International declared that its board has approved a share repurchase program on Friday, June 13th that allows the company to buyback $9.00 billion in shares. This buyback authorization allows the company to buy up to 13.4% of its shares through open market purchases. Shares buyback programs are generally a sign that the company's board believes its shares are undervalued.

Johnson Controls International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 18th. Shareholders of record on Monday, June 23rd will be issued a $0.37 dividend. The ex-dividend date is Monday, June 23rd. This represents a $1.48 annualized dividend and a yield of 1.43%. Johnson Controls International's dividend payout ratio is presently 39.47%.

Insider Transactions at Johnson Controls International

In other news, VP Anuruddha Rathninde sold 15,000 shares of the business's stock in a transaction on Friday, June 6th. The stock was sold at an average price of $103.13, for a total transaction of $1,546,950.00. Following the completion of the transaction, the vice president now owns 42,574 shares of the company's stock, valued at approximately $4,390,656.62. The trade was a 26.05% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Nathan D. Manning sold 1,422 shares of the business's stock in a transaction 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 transaction, the vice president now directly owns 143,282 shares of the company's stock, valued at $14,457,153.80. This trade represents a 0.98% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 147,555 shares of company stock valued at $13,669,414. Corporate insiders own 0.54% of the company's stock.

Hedge Funds Weigh In On Johnson Controls International

Institutional investors have recently modified their holdings of the business. Truvestments Capital LLC grew its position in Johnson Controls International by 425.0% during the 1st 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 bought a new stake in Johnson Controls International during the 1st quarter worth $26,000. Cornerstone Planning Group LLC grew its position in Johnson Controls International by 74.5% during the 1st quarter. Cornerstone Planning Group LLC now owns 363 shares of the company's stock worth $28,000 after acquiring an additional 155 shares during the last quarter. SBI Securities Co. Ltd. bought a new stake in Johnson Controls International during the 4th quarter worth $29,000. Finally, Activest Wealth Management grew its position in Johnson Controls International by 56.4% during the 1st quarter. Activest Wealth Management now owns 369 shares of the company's stock worth $30,000 after acquiring an additional 133 shares during the last quarter. Institutional investors and hedge funds own 90.05% of the company's stock.

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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