Johnson Controls International PLC (NYSE:JCI) was the recipient of a large decrease in short interest in July. As of July 31st, there was short interest totalling 18,980,000 shares, a decrease of 11.8% from the June 30th total of 21,530,000 shares. Based on an average daily volume of 7,530,000 shares, the short-interest ratio is presently 2.5 days. Currently, 2.1% of the shares of the company are short sold.
In related news, insider Rodney M. Rushing sold 10,853 shares of the stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $41.63, for a total transaction of $451,810.39. Following the sale, the insider now owns 53,594 shares in the company, valued at approximately $2,231,118.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO George Oliver sold 11,481 shares of the stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $38.90, for a total transaction of $446,610.90. Following the sale, the chief executive officer now owns 870,354 shares in the company, valued at approximately $33,856,770.60. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 117,830 shares of company stock worth $4,879,558. Company insiders own 0.50% of the company’s stock.
Institutional investors have recently modified their holdings of the business. Creative Financial Designs Inc. ADV raised its stake in shares of Johnson Controls International by 155.6% during the first quarter. Creative Financial Designs Inc. ADV now owns 667 shares of the company’s stock valued at $25,000 after acquiring an additional 406 shares during the last quarter. Horan Capital Advisors LLC. bought a new position in shares of Johnson Controls International during the first quarter valued at $25,000. Stonebridge Capital Advisors LLC bought a new position in shares of Johnson Controls International during the second quarter valued at $30,000. Kavar Capital Partners LLC bought a new position in shares of Johnson Controls International during the second quarter valued at $32,000. Finally, Hudock Capital Group LLC raised its stake in shares of Johnson Controls International by 2,231.4% during the second quarter. Hudock Capital Group LLC now owns 816 shares of the company’s stock valued at $33,000 after acquiring an additional 781 shares during the last quarter. Hedge funds and other institutional investors own 90.60% of the company’s stock.
Several research firms recently issued reports on JCI. Zacks Investment Research upgraded shares of Johnson Controls International from a “hold” rating to a “buy” rating and set a $44.00 price target on the stock in a research report on Monday, July 1st. ValuEngine lowered shares of Johnson Controls International from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. TheStreet upgraded shares of Johnson Controls International from a “c+” rating to a “b-” rating in a research report on Thursday, May 9th. Barclays began coverage on shares of Johnson Controls International in a research report on Wednesday, June 12th. They set an “equal weight” rating and a $39.00 price target on the stock. Finally, JPMorgan Chase & Co. upgraded shares of Johnson Controls International from an “underweight” rating to a “neutral” rating and increased their price target for the stock from $31.00 to $35.00 in a research report on Monday, July 8th. Seven investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Johnson Controls International currently has an average rating of “Hold” and a consensus price target of $39.30.
Johnson Controls International stock traded up $0.79 during mid-day trading on Friday, reaching $42.33. The company had a trading volume of 4,814,438 shares, compared to its average volume of 5,826,678. Johnson Controls International has a fifty-two week low of $28.30 and a fifty-two week high of $42.89. The company has a current ratio of 1.41, a quick ratio of 1.19 and a debt-to-equity ratio of 0.32. The company has a market cap of $33.65 billion, a P/E ratio of 14.96, a P/E/G ratio of 2.29 and a beta of 0.94. The business has a fifty day simple moving average of $41.64 and a 200 day simple moving average of $38.30.
Johnson Controls International (NYSE:JCI) last issued its earnings results on Wednesday, July 31st. The company reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.02. Johnson Controls International had a net margin of 22.38% and a return on equity of 9.02%. The firm had revenue of $6.45 billion for the quarter, compared to analyst estimates of $6.33 billion. During the same quarter last year, the business posted $0.81 earnings per share. The company’s quarterly revenue was up 2.7% on a year-over-year basis. Research analysts forecast that Johnson Controls International will post 1.94 EPS for the current year.
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.
Further Reading: Does the discount rate affect the economy?
Receive News & Ratings for Johnson Controls International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Johnson Controls International and related companies with MarketBeat.com's FREE daily email newsletter.