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

Key Points

• Analysts hold a neutral view of Johnson Controls: Twenty-three analysts collectively rate the stock “Hold,” with 12 buys, 10 holds and one sell. The average 12-month price target is $155.50, above the reported $143.32 share price.
• Recent quarterly results exceeded expectations: Johnson Controls reported adjusted EPS of $1.42 versus the $1.30 consensus estimate and revenue of $6.61 billion versus $6.46 billion expected. Revenue increased 9.3% year over year.
• The company declared a quarterly dividend of $0.40 per share, equivalent to a $1.60 annualized payout and a 1.1% yield. Institutional investors own approximately 90.05% of the stock, while two company vice presidents recently sold shares.

Shares of Johnson Controls International plc (NYSE:JCI - Get Free Report) have earned a consensus rating of "Hold" from the twenty-three analysts that are covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and twelve have assigned a buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $155.50.

Several analysts recently issued reports on JCI shares. UBS Group reissued a "buy" rating on shares of Johnson Controls International in a research note on Thursday, July 30th. Oppenheimer restated a "market perform" rating on shares of Johnson Controls International in a research note on Tuesday, June 2nd. JPMorgan Chase & Co. increased their price objective on shares of Johnson Controls International from $158.00 to $162.00 in a report on Thursday, May 7th. Zacks Research cut shares of Johnson Controls International from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 6th. Finally, Barclays boosted their target price on shares of Johnson Controls International from $136.00 to $144.00 and gave the stock an "equal weight" rating in a report on Thursday, May 7th.

Johnson Controls International Trading Up 0.2%

Shares of JCI stock opened at $143.32 on Monday. Johnson Controls International has a 52-week low of $103.82 and a 52-week high of $157.06. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.83 and a current ratio of 1.00. The firm has a market capitalization of $86.81 billion, a PE ratio of 24.93, a PEG ratio of 1.38 and a beta of 1.31. The stock has a fifty day simple moving average of $145.22 and a two-hundred day simple moving average of $140.90.

Johnson Controls International (NYSE:JCI - Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The company reported $1.42 EPS for the quarter, beating the consensus estimate of $1.30 by $0.12. The business had revenue of $6.61 billion for the quarter, compared to the consensus estimate of $6.46 billion. Johnson Controls International had a return on equity of 22.11% and a net margin of 14.32%.The business's revenue was up 9.3% on a year-over-year basis. During the same period in the previous year, the business earned $1.05 earnings per share. On average, analysts predict that Johnson Controls International will post 5.08 EPS for the current fiscal year.

Johnson Controls International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, July 10th. Shareholders of record on Monday, June 15th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date was Monday, June 15th. Johnson Controls International's payout ratio is currently 27.83%.

Insider Transactions at Johnson Controls International

In other news, VP Todd M. Grabowski sold 1,800 shares of the firm's stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $146.20, for a total transaction of $263,160.00. Following the completion of the transaction, the vice president owned 26,215 shares in the company, valued at $3,832,633. This trade represents a 6.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Lei Zhang Schlitz sold 23,417 shares of Johnson Controls International stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $153.07, for a total value of $3,584,440.19. Following the completion of the sale, the vice president directly owned 15,017 shares in the company, valued at $2,298,652.19. This trade represents a 60.93% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 0.29% of the company's stock.

Institutional Trading of Johnson Controls International

Several hedge funds have recently modified their holdings of the company. State Street Corp increased its position in Johnson Controls International by 0.6% in the third quarter. State Street Corp now owns 28,684,645 shares of the company's stock worth $3,165,286,000 after purchasing an additional 163,167 shares during the last quarter. Franklin Resources Inc. lifted its position in Johnson Controls International by 3.3% during the fourth quarter. Franklin Resources Inc. now owns 22,655,105 shares of the company's stock valued at $2,712,949,000 after purchasing an additional 718,245 shares during the last quarter. Fisher Asset Management LLC grew its stake in shares of Johnson Controls International by 1.7% in the 4th quarter. Fisher Asset Management LLC now owns 17,239,953 shares of the company's stock worth $2,064,485,000 after buying an additional 280,704 shares in the last quarter. Invesco Ltd. grew its stake in shares of Johnson Controls International by 13.0% in the 4th quarter. Invesco Ltd. now owns 16,003,486 shares of the company's stock worth $1,916,417,000 after buying an additional 1,837,220 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of Johnson Controls International in the 4th quarter worth about $927,739,000. 90.05% of the stock is owned by hedge funds and other institutional investors.

About Johnson Controls International

Johnson Controls International plc is a global diversified technology and multi‑industrial company that develops products, services and solutions for buildings and energy storage. The company's core focus is on improving building efficiency, safety and sustainability through a combination of HVAC equipment, building controls and automation, fire and security systems, and related services. Johnson Controls traces its roots to 1885, when inventor Warren S. Johnson developed an electric room thermostat; over its long history the company has expanded from controls into a broad set of building‑related technologies and, through corporate transactions, into a global provider of integrated building solutions.

Johnson Controls' product and service portfolio includes heating, ventilation and air‑conditioning equipment, chillers, air handlers and related mechanical systems, together with building automation and control platforms that monitor and manage energy use, indoor environmental quality and security.

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