Investors Purchase High Volume of Johnson Controls International Put Options (NYSE:JCI)

Johnson Controls International plc (NYSE:JCI - Get Free Report) saw some unusual options trading on Wednesday. Stock investors purchased 8,270 put options on the stock. This represents an increase of approximately 29% compared to the typical daily volume of 6,426 put options.

Johnson Controls International Stock Down 7.1 %

Johnson Controls International stock traded down $4.63 during midday trading on Wednesday, reaching $60.44. The stock had a trading volume of 14,984,499 shares, compared to its average volume of 5,646,820. Johnson Controls International has a 12 month low of $47.90 and a 12 month high of $70.43. The company has a market capitalization of $41.19 billion, a P/E ratio of 19.69, a PEG ratio of 1.64 and a beta of 1.24. The company has a fifty day moving average price of $63.18 and a two-hundred day moving average price of $57.13. The company has a current ratio of 0.97, a quick ratio of 0.73 and a debt-to-equity ratio of 0.45.

Johnson Controls International (NYSE:JCI - Get Free Report) last issued its earnings results on Tuesday, January 30th. The company reported $0.51 EPS for the quarter, meeting analysts' consensus estimates of $0.51. Johnson Controls International had a return on equity of 13.08% and a net margin of 7.85%. The business had revenue of $6.09 billion during the quarter, compared to analyst estimates of $6.94 billion. During the same period in the previous year, the company posted $0.67 EPS. The firm's revenue was up .4% compared to the same quarter last year. As a group, equities analysts expect that Johnson Controls International will post 3.61 EPS for the current fiscal year.

Johnson Controls International Announces Dividend

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

Institutional Trading of Johnson Controls International

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Optimum Investment Advisors increased its holdings in Johnson Controls International by 17.5% during the 4th quarter. Optimum Investment Advisors now owns 1,175 shares of the company's stock worth $68,000 after purchasing an additional 175 shares in the last quarter. Raleigh Capital Management Inc. increased its position in shares of Johnson Controls International by 3.9% during the third quarter. Raleigh Capital Management Inc. now owns 4,767 shares of the company's stock valued at $254,000 after acquiring an additional 179 shares during the last quarter. Glassy Mountain Advisors Inc. increased its position in shares of Johnson Controls International by 0.4% during the first quarter. Glassy Mountain Advisors Inc. now owns 50,282 shares of the company's stock valued at $3,284,000 after acquiring an additional 181 shares during the last quarter. BSW Wealth Partners increased its position in shares of Johnson Controls International by 4.3% during the fourth quarter. BSW Wealth Partners now owns 4,494 shares of the company's stock valued at $259,000 after acquiring an additional 185 shares during the last quarter. Finally, HCR Wealth Advisors increased its position in shares of Johnson Controls International by 1.2% during the fourth quarter. HCR Wealth Advisors now owns 16,225 shares of the company's stock valued at $935,000 after acquiring an additional 185 shares during the last quarter. 90.05% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

JCI has been the topic of several recent analyst reports. Oppenheimer lifted their price target on Johnson Controls International from $66.00 to $71.00 and gave the company an "outperform" rating in a research note on Thursday, April 18th. Deutsche Bank Aktiengesellschaft restated a "hold" rating and set a $60.00 price objective (down previously from $65.00) on shares of Johnson Controls International in a research report on Wednesday, January 31st. Melius Research restated a "hold" rating on shares of Johnson Controls International in a research report on Tuesday, January 30th. Barclays boosted their price objective on Johnson Controls International from $59.00 to $61.00 and gave the stock an "equal weight" rating in a research report on Tuesday, April 2nd. Finally, StockNews.com lowered Johnson Controls International from a "buy" rating to a "hold" rating in a research report on Thursday, January 25th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $64.50.

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.