Johnson Controls International (NYSE:JCI) Shares Gap Down to $65.07

Johnson Controls International plc (NYSE:JCI - Get Free Report) shares gapped down prior to trading on Wednesday . The stock had previously closed at $65.07, but opened at $62.07. Johnson Controls International shares last traded at $61.24, with a volume of 1,866,747 shares changing hands.

Analyst Ratings Changes

Several analysts have issued reports on JCI shares. Wells Fargo & Company lifted their price target on Johnson Controls International from $64.00 to $73.00 and gave the company an "overweight" rating in a research note on Tuesday, April 2nd. StockNews.com cut Johnson Controls International from a "buy" rating to a "hold" rating in a report on Thursday, January 25th. HSBC cut Johnson Controls International from a "buy" rating to a "hold" rating and set a $60.00 price objective for the company. in a report on Wednesday, January 31st. Royal Bank of Canada reduced their price target on Johnson Controls International from $50.00 to $48.00 and set an "underperform" rating for the company in a report on Wednesday, January 31st. Finally, Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and set a $60.00 price target (down previously from $65.00) on shares of Johnson Controls International in a report on Wednesday, January 31st. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $64.50.

Johnson Controls International Trading Down 7.1 %

The company has a debt-to-equity ratio of 0.45, a current ratio of 0.97 and a quick ratio of 0.73. The business's 50-day moving average price is $63.13 and its two-hundred day moving average price is $57.11. The company has a market capitalization of $41.19 billion, a price-to-earnings ratio of 19.61, a P/E/G ratio of 1.64 and a beta of 1.24.

Johnson Controls International (NYSE:JCI - Get Free Report) last released its quarterly earnings results on Tuesday, January 30th. The company reported $0.51 earnings per share for the quarter, meeting analysts' consensus estimates of $0.51. Johnson Controls International had a net margin of 7.85% and a return on equity of 13.08%. The company had revenue of $6.09 billion during the quarter, compared to the consensus estimate of $6.94 billion. During the same period in the previous year, the business earned $0.67 earnings per share. The firm's quarterly revenue was up .4% on a year-over-year basis. Research analysts predict that Johnson Controls International plc will post 3.61 earnings per share for the current year.

Johnson Controls International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 19th. Shareholders of record on Monday, March 25th were given a dividend of $0.37 per share. The ex-dividend date of this dividend was Friday, March 22nd. This represents a $1.48 annualized dividend and a yield of 2.45%. Johnson Controls International's dividend payout ratio is currently 48.21%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in shares of Johnson Controls International by 17.3% during the fourth quarter. Vanguard Group Inc. now owns 71,387,169 shares of the company's stock worth $4,114,756,000 after buying an additional 10,522,009 shares in the last quarter. Franklin Resources Inc. boosted its position in Johnson Controls International by 1.9% during the fourth quarter. Franklin Resources Inc. now owns 16,419,338 shares of the company's stock valued at $946,411,000 after acquiring an additional 305,798 shares during the last quarter. Fisher Asset Management LLC boosted its position in Johnson Controls International by 4.8% during the fourth quarter. Fisher Asset Management LLC now owns 13,528,240 shares of the company's stock valued at $779,768,000 after acquiring an additional 618,120 shares during the last quarter. Invesco Ltd. grew its stake in shares of Johnson Controls International by 4.7% in the 3rd quarter. Invesco Ltd. now owns 13,063,227 shares of the company's stock valued at $695,094,000 after buying an additional 588,724 shares during the period. Finally, Bank of New York Mellon Corp grew its stake in shares of Johnson Controls International by 95.9% in the 1st quarter. Bank of New York Mellon Corp now owns 12,760,120 shares of the company's stock valued at $833,491,000 after buying an additional 6,247,250 shares during the period. 90.05% of the stock is currently owned by institutional investors and hedge funds.

Johnson Controls International Company Profile

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.