Johnson Controls International (JCI) Rating Increased to Hold at ValuEngine

ValuEngine upgraded shares of Johnson Controls International (NYSE:JCI) from a sell rating to a hold rating in a report released on Friday morning.

Several other research analysts have also recently issued reports on the company. TheStreet cut Johnson Controls International from a b- rating to a c+ rating in a research report on Tuesday, October 30th. Credit Suisse Group started coverage on Johnson Controls International in a research report on Friday, October 12th. They set a neutral rating and a $37.00 target price on the stock. Morgan Stanley set a $35.00 target price on Johnson Controls International and gave the company a hold rating in a research report on Friday, November 2nd. OTR Global cut Johnson Controls International to a positive rating in a research report on Friday, January 18th. Finally, Oppenheimer cut their target price on Johnson Controls International from $44.00 to $39.00 and set an outperform rating on the stock in a research report on Wednesday, November 14th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of Hold and an average price target of $38.50.

Johnson Controls International stock traded up $0.11 during mid-day trading on Friday, reaching $34.00. The stock had a trading volume of 4,308,686 shares, compared to its average volume of 4,854,581. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.85 and a current ratio of 1.03. Johnson Controls International has a fifty-two week low of $28.30 and a fifty-two week high of $40.33. The stock has a market capitalization of $30.93 billion, a PE ratio of 12.01, a price-to-earnings-growth ratio of 1.70 and a beta of 1.05.

Johnson Controls International (NYSE:JCI) last announced its earnings results on Friday, February 1st. The company reported $0.26 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.02. The company had revenue of $5.46 billion for the quarter, compared to analysts’ expectations of $5.47 billion. Johnson Controls International had a return on equity of 10.73% and a net margin of 7.77%. Johnson Controls International’s quarterly revenue was up 3.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.54 earnings per share. Research analysts forecast that Johnson Controls International will post 1.81 EPS for the current year.

Johnson Controls International announced that its board has initiated a share repurchase plan on Thursday, November 8th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the company to repurchase up to 3.2% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its stock is undervalued.

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 11th. Investors of record on Monday, December 17th were paid a dividend of $0.26 per share. The ex-dividend date was Friday, December 14th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 3.06%. Johnson Controls International’s payout ratio is 36.75%.

Large investors have recently added to or reduced their stakes in the stock. Atria Investments LLC grew its position in Johnson Controls International by 19.1% during the third quarter. Atria Investments LLC now owns 27,982 shares of the company’s stock worth $979,000 after buying an additional 4,480 shares in the last quarter. Manning & Napier Group LLC boosted its holdings in Johnson Controls International by 35.9% during the 3rd quarter. Manning & Napier Group LLC now owns 191,121 shares of the company’s stock valued at $6,688,000 after acquiring an additional 50,537 shares during the period. Parkside Financial Bank & Trust boosted its holdings in Johnson Controls International by 25.0% during the 3rd quarter. Parkside Financial Bank & Trust now owns 9,723 shares of the company’s stock valued at $340,000 after acquiring an additional 1,947 shares during the period. Busey Trust CO boosted its holdings in Johnson Controls International by 1.9% during the 3rd quarter. Busey Trust CO now owns 91,284 shares of the company’s stock valued at $3,195,000 after acquiring an additional 1,724 shares during the period. Finally, Bank of Montreal Can boosted its holdings in Johnson Controls International by 26.5% during the 3rd quarter. Bank of Montreal Can now owns 1,125,275 shares of the company’s stock valued at $39,385,000 after acquiring an additional 235,826 shares during the period. Institutional investors own 93.22% of the company’s stock.

Johnson Controls International Company Profile

Johnson Controls International plc operates as a diversified technology and multi industrial company worldwide. The company operates through Building Technologies & Solutions and Power Solutions segments. The company designs, sells, installs, and services heating, ventilating, and air conditioning systems, controls systems, integrated electronic security systems, and integrated fire detection and suppression systems for commercial, industrial, retail, small business, institutional, and governmental customers; and energy efficiency solutions and technical services, including inspection, scheduled maintenance, and repair and replacement of mechanical and control systems, to non-residential building and industrial applications.

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