Johnson Controls International (NYSE:JCI) Stock Price Breaks Above Fifty Day Moving Average - What's Next?

Key Points

• Johnson Controls shares broke above their 50-day moving average, reaching $148.35 and last trading near $147.42, compared with a 50-day average of $146.93.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $163.05; Goldman Sachs raised its target to $191, while Mizuho lifted its target to $165 but retained a neutral rating.
• The company reported quarterly EPS of $1.42, beating estimates by $0.12, while revenue rose 9.3% year over year to $6.61 billion. Johnson Controls also pays a quarterly dividend of $0.40 per share, yielding approximately 1.1% annually.

Shares of Johnson Controls International plc (NYSE:JCI - Get Free Report) crossed above its 50 day moving average during trading on Monday. The stock has a 50 day moving average of $146.93 and traded as high as $148.35. Johnson Controls International shares last traded at $147.4230, with a volume of 4,086,994 shares traded.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Mizuho upped their price objective on shares of Johnson Controls International from $150.00 to $165.00 and gave the company a "neutral" rating in a report on Thursday, October 15th. Sanford C. Bernstein reissued an "outperform" rating on shares of Johnson Controls International in a research report on Wednesday, October 7th. Weiss Ratings upgraded shares of Johnson Controls International from a "buy (b)" rating to a "buy (a)" rating in a research note on Thursday, October 8th. UBS Group reaffirmed a "buy" rating on shares of Johnson Controls International in a report on Wednesday, September 16th. Finally, The Goldman Sachs Group upped their price target on shares of Johnson Controls International from $186.00 to $191.00 and gave the company a "buy" rating in a research note on Wednesday, September 30th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $163.05.

Johnson Controls International Stock Performance

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 company has a market cap of $89.30 billion, a P/E ratio of 25.64, a P/E/G ratio of 1.07 and a beta of 1.27. The stock's fifty day moving average price is $146.93 and its two-hundred day moving average price is $139.75.

Johnson Controls International (NYSE:JCI - Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The company reported $1.42 earnings per share for the quarter, topping the consensus estimate of $1.30 by $0.12. The business had revenue of $6.61 billion during 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%. Johnson Controls International's revenue for the quarter was up 9.3% on a year-over-year basis. During the same period in the prior year, the company earned $1.05 EPS. As a group, equities analysts predict that Johnson Controls International plc will post 5.08 earnings per share for the current year.

Johnson Controls International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 16th. Investors of record on Monday, September 21st were given a dividend of $0.40 per share. The ex-dividend date was Monday, September 21st. This represents a $1.60 dividend on an annualized basis and a yield of 1.1%. Johnson Controls International's payout ratio is currently 27.83%.

Insider Buying and Selling at Johnson Controls International

In other news, VP Lei Schlitz sold 23,417 shares of the company's stock in a transaction that occurred on 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 transaction, the vice president owned 15,017 shares of the company's stock, valued at $2,298,652.19. This represents a 60.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 0.29% of the company's stock.

Institutional Trading of Johnson Controls International

A number of institutional investors and hedge funds have recently bought and sold shares of JCI. SYM FINANCIAL Corp raised its stake in Johnson Controls International by 3.7% during the third quarter. SYM FINANCIAL Corp now owns 4,365 shares of the company's stock worth $649,000 after buying an additional 154 shares during the last quarter. Ashton Thomas Securities LLC grew its stake in Johnson Controls International by 3.5% in the third quarter. Ashton Thomas Securities LLC now owns 2,928 shares of the company's stock valued at $435,000 after acquiring an additional 100 shares during the period. Oppenheimer & Co. Inc. increased its stake in Johnson Controls International by 5.4% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 62,253 shares of the company's stock valued at $9,254,000 after purchasing an additional 3,168 shares in the last quarter. Center for Financial Planning Inc. increased its position in shares of Johnson Controls International by 37.8% during the third quarter. Center for Financial Planning Inc. now owns 5,362 shares of the company's stock worth $797,000 after acquiring an additional 1,471 shares in the last quarter. Finally, Verdence Capital Advisors LLC raised its stake in shares of Johnson Controls International by 58.8% in the third quarter. Verdence Capital Advisors LLC now owns 14,062 shares of the company's stock worth $2,090,000 after purchasing an additional 5,205 shares during the last quarter. 90.05% of the stock is currently 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 customers design, operate and maintain efficient, healthy and secure buildings through solutions for heating, ventilation and air conditioning, building automation, energy management, fire detection and suppression, and physical security.

Its portfolio includes building controls and digital management platforms, HVAC equipment, chillers, air-handling systems, fire and security technologies, and related services.

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