Johnson Controls International (NYSE:JCI) Reaches New 1-Year High - Should You Buy?

Shares of Johnson Controls International plc (NYSE:JCI - Get Free Report) hit a new 52-week high on Monday. The stock traded as high as $157.47 and last traded at $157.4750, with a volume of 660972 shares changing hands. The stock had previously closed at $156.24.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Johnson Controls International from $180.00 to $178.00 and set a "buy" rating on the stock in a research note on Wednesday, September 30th. UBS Group reissued a "buy" rating on shares of Johnson Controls International in a research note on Wednesday, September 16th. Argus set a $175.00 price target on shares of Johnson Controls International in a report on Friday, August 7th. Wells Fargo & Company assumed coverage on shares of Johnson Controls International in a research report on Thursday, September 24th. They set an "overweight" rating and a $186.00 price target on the stock. Finally, Royal Bank Of Canada upped their price objective on Johnson Controls International from $154.00 to $161.00 and gave the company a "sector perform" rating in a report on Thursday, July 30th. Twelve research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Johnson Controls International has a consensus rating of "Hold" and a consensus target price of $160.35.

Johnson Controls International Trading Up 0.2%

The company has a debt-to-equity ratio of 0.61, a current ratio of 1.00 and a quick ratio of 0.83. The company has a market cap of $94.86 billion, a PE ratio of 27.23, a price-to-earnings-growth ratio of 1.19 and a beta of 1.27. The company's 50 day simple moving average is $146.09 and its two-hundred day simple moving average is $142.27.

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

Johnson Controls International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 16th. Shareholders of record on Monday, September 21st will be given a $0.40 dividend. The ex-dividend date of this dividend is Monday, September 21st. This represents a $1.60 dividend on an annualized basis and a yield of 1.0%. Johnson Controls International's payout ratio is presently 27.83%.

Insider Buying and Selling

In other Johnson Controls International news, VP Lei Schlitz sold 23,417 shares of the company's stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $153.07, for a total transaction of $3,584,440.19. Following the transaction, the vice president directly owned 15,017 shares in the company, valued at $2,298,652.19. This represents a 60.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.29% of the stock is owned by company insiders.

Institutional Investors Weigh In On Johnson Controls International

A number of institutional investors have recently modified their holdings of JCI. NBH Bank purchased a new position in Johnson Controls International during the 2nd quarter valued at about $29,000. Fourth Dimension Wealth LLC grew its position in Johnson Controls International by 51.3% in the 2nd quarter. Fourth Dimension Wealth LLC now owns 230 shares of the company's stock valued at $34,000 after acquiring an additional 78 shares in the last quarter. First Bancorp Inc ME purchased a new stake in Johnson Controls International during the second quarter worth about $34,000. Twin Tree Management LP increased its stake in Johnson Controls International by 140.9% during the fourth quarter. Twin Tree Management LP now owns 260 shares of the company's stock worth $31,000 after purchasing an additional 895 shares during the period. Finally, Axiom Investment Management LLC acquired a new stake in shares of Johnson Controls International during the second quarter worth about $41,000. 90.05% of the stock is owned by institutional investors and hedge funds.

About Johnson Controls International

Johnson Controls International plc NYSE: JCI is a global provider of building technology, products and services. The company helps commercial, institutional and industrial customers improve building performance, energy efficiency, safety and occupant comfort through integrated solutions.

Its offerings include heating, ventilation and air-conditioning systems; building automation and controls; fire detection and suppression equipment; security systems; energy management technologies; and related service, maintenance and digital solutions.

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