Johnson Controls International plc (NYSE:JCI) Receives Consensus Rating of "Hold" from Brokerages

Key Points

• Johnson Controls International plc (NYSE:JCI) has received a consensus rating of "Hold" from 19 brokerage firms, with ten holding and nine assigning a buy rating.
• The company has recently increased its quarterly dividend from $0.37 to $0.40 per share, reflecting an annual yield of 1.5% and a dividend payout ratio of 47.48%.
• Johnson Controls reported strong quarterly earnings, with $1.05 earnings per share, exceeding analysts' expectations of $0.99 and achieving a revenue of $6.05 billion.

Shares of Johnson Controls International plc (NYSE:JCI - Get Free Report) have earned an average rating of "Hold" from the nineteen ratings firms that are covering the stock, MarketBeat Ratings reports. Ten analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $108.2778.

JCI has been the subject of a number of recent analyst reports. Morgan Stanley boosted their price objective on shares of Johnson Controls International from $115.00 to $125.00 and gave the stock an "overweight" rating in a report on Thursday, August 21st. Oppenheimer lowered shares of Johnson Controls International from an "outperform" rating to a "market perform" rating in a report on Friday, June 20th. Citigroup boosted their target price on shares of Johnson Controls International from $110.00 to $112.00 and gave the company a "neutral" rating in a research note on Wednesday, July 30th. Barclays boosted their target price on shares of Johnson Controls International from $100.00 to $101.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 30th. Finally, Zacks Research upgraded shares of Johnson Controls International to a "hold" rating in a research note on Monday, August 11th.

Johnson Controls International Price Performance

Shares of NYSE JCI opened at $108.66 on Friday. Johnson Controls International has a twelve month low of $68.03 and a twelve month high of $112.63. The firm has a market cap of $71.10 billion, a P/E ratio of 32.24, a PEG ratio of 1.64 and a beta of 1.33. The company has a 50 day moving average of $106.84 and a 200 day moving average of $98.12. 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 quarterly earnings data on Tuesday, July 29th. The company reported $1.05 earnings per share for the quarter, topping analysts' consensus estimates of $0.99 by $0.06. Johnson Controls International had a net margin of 9.53% and a return on equity of 14.71%. The company had revenue of $6.05 billion during the quarter, compared to analyst estimates 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, research analysts expect that Johnson Controls International will post 3.64 EPS for the current fiscal year.

Johnson Controls International Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Monday, September 22nd will be paid a dividend of $0.40 per share. The ex-dividend date is Monday, September 22nd. This represents a $1.60 dividend on an annualized basis and a yield of 1.5%. This is a boost from Johnson Controls International's previous quarterly dividend of $0.37. Johnson Controls International's dividend payout ratio (DPR) is presently 47.48%.

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

Insiders Place Their Bets

In other Johnson Controls International news, VP Nathan D. Manning sold 1,422 shares of the business's stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $105.06, for a total transaction of $149,395.32. Following the completion of the sale, the vice president directly owned 139,459 shares in the company, valued at approximately $14,651,562.54. The trade was a 1.01% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Daniel C. Mcconeghy sold 5,917 shares of the company's stock in a transaction 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 completion of the sale, the vice president owned 25,005 shares of the company's stock, valued at $2,643,778.65. This trade represents a 19.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 8,761 shares of company stock valued at $922,447. Company insiders own 0.54% of the company's stock.

Institutional Investors Weigh In On Johnson Controls International

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

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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