Johnson Controls International (NYSE:JCI) Stock Price Breaks Above Two Hundred Day Moving Average - Should You Sell?

Key Points

• Shares rose above the 200-day moving average of $141.89, reaching an intraday high of $146.09 and last trading at $144.77.
• Analysts’ consensus rating is Hold, with a consensus price target of $166.76; ratings are mixed, including 10 Buy and 11 Hold recommendations.
• Johnson Controls beat quarterly estimates, reporting EPS of $1.66 versus $1.59 expected and revenue of $7.11 billion, up 10.4% year over year.

Johnson Controls International plc (NYSE:JCI - Get Free Report) crossed above its two hundred day moving average during trading on Wednesday. The stock has a two hundred day moving average of $141.89 and traded as high as $146.09. Johnson Controls International shares last traded at $144.7720, with a volume of 6,702,615 shares trading hands.

Analyst Ratings Changes

Several equities analysts have recently issued reports on JCI shares. Sanford C. Bernstein reissued an "outperform" rating on shares of Johnson Controls International in a report on Wednesday, October 7th. Morgan Stanley raised their target price on Johnson Controls International from $175.00 to $180.00 and gave the stock an "overweight" rating in a report on Wednesday, September 2nd. UBS Group reiterated a "buy" rating on shares of Johnson Controls International in a research report on Wednesday, October 28th. Wall Street Zen downgraded Johnson Controls International from a "buy" rating to a "hold" rating in a report on Saturday, August 1st. Finally, Deutsche Bank lowered their price objective on Johnson Controls International from $180.00 to $178.00 and set a "buy" rating on the stock in a research report on Wednesday, September 30th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $166.76.

Johnson Controls International Trading Up 2.6%

The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.75 and a current ratio of 0.90. The company has a 50 day moving average of $147.32 and a two-hundred day moving average of $141.89. The stock has a market cap of $87.69 billion, a PE ratio of 30.93, a price-to-earnings-growth ratio of 1.44 and a beta of 1.27.

Johnson Controls International (NYSE:JCI - Get Free Report) last issued its quarterly earnings results on Tuesday, October 27th. The company reported $1.66 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.59 by $0.07. Johnson Controls International had a return on equity of 23.38% and a net margin of 11.12%. The company had revenue of $7.11 billion for the quarter, compared to the consensus estimate of $7.04 billion. During the same quarter in the prior year, the business posted $1.26 earnings per share. Johnson Controls International's revenue for the quarter was up 10.4% on a year-over-year basis. Sell-side analysts anticipate that Johnson Controls International plc will post 6.29 earnings per share for the current fiscal year.

Johnson Controls International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 16th. Stockholders of record on Monday, September 21st were given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Monday, September 21st. Johnson Controls International's dividend payout ratio (DPR) is 34.19%.

Insider Activity

In other news, Director Juergen Tinggren sold 4,000 shares of Johnson Controls International stock in a transaction that occurred on Wednesday, October 28th. The stock was sold at an average price of $159.19, for a total value of $636,760.00. Following the sale, the director directly owned 27,236 shares of the company's stock, valued at $4,335,698.84. The trade was a 12.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.29% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Johnson Controls International

A number of institutional investors and hedge funds have recently bought and sold shares of the business. NBH Bank purchased a new stake in shares of Johnson Controls International in the second quarter valued at approximately $29,000. Signature Equity Partners LLC boosted its stake in Johnson Controls International by 96.2% during the third quarter. Signature Equity Partners LLC now owns 206 shares of the company's stock worth $31,000 after buying an additional 101 shares during the last quarter. Virginia Estate & Retirement Planning Advisors Inc. acquired a new position in Johnson Controls International during the third quarter worth $33,000. Fourth Dimension Wealth LLC grew its holdings 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 buying an additional 78 shares in the last quarter. Finally, First Bancorp Inc ME purchased a new stake in Johnson Controls International in the 2nd quarter valued at $34,000. 90.05% of the stock is currently owned by institutional investors and hedge funds.

Johnson Controls International Company Profile

Johnson Controls International plc develops building technologies, products and services for commercial, industrial and institutional customers. Its offerings include heating, ventilation and air conditioning (HVAC) equipment, building automation and controls, fire detection and suppression systems, and security solutions. The company also provides maintenance, modernization and other services to help customers manage building operations. Its products and services support facilities such as offices, hospitals, schools, data centers and manufacturing sites.

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