Shares of Johnson Controls International plc (NYSE:JCI – Get Free Report) have been assigned a consensus rating of “Moderate Buy” from the seventeen ratings firms that are covering the firm, MarketBeat.com reports. Seven investment analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $97.88.
Several research analysts have commented on JCI shares. JPMorgan Chase & Co. lifted their price objective on shares of Johnson Controls International from $81.00 to $98.00 and gave the stock an “overweight” rating in a research note on Friday, May 16th. UBS Group reissued a “buy” rating and set a $116.00 target price (up from $103.00) on shares of Johnson Controls International in a research note on Thursday, May 22nd. Citigroup lowered their target price on shares of Johnson Controls International from $95.00 to $85.00 and set a “neutral” rating for the company in a research note on Monday, April 14th. Deutsche Bank Aktiengesellschaft raised shares of Johnson Controls International from a “hold” rating to a “buy” rating and boosted their target price for the company from $101.00 to $112.00 in a research note on Monday, May 12th. Finally, Vertical Research raised shares of Johnson Controls International from a “hold” rating to a “buy” rating and set a $105.00 target price for the company in a research note on Thursday, May 8th.
Read Our Latest Stock Analysis on Johnson Controls International
Johnson Controls International Stock Up 1.5%
Johnson Controls International (NYSE:JCI – Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $0.82 EPS for the quarter, topping the consensus estimate of $0.77 by $0.05. The company had revenue of $5.68 billion during the quarter, compared to analyst estimates of $5.64 billion. Johnson Controls International had a net margin of 6.83% and a return on equity of 15.11%. Johnson Controls International’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.78 earnings per share. On average, analysts predict that Johnson Controls International will post 3.64 earnings per share for the current year.
Johnson Controls International Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Monday, March 24th were paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date was Monday, March 24th. Johnson Controls International’s dividend payout ratio (DPR) is presently 39.47%.
Insider Buying and Selling
In other Johnson Controls International news, VP Nathan D. Manning sold 1,422 shares of the stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $86.91, for a total transaction of $123,586.02. Following the completion of the sale, the vice president now directly owns 144,704 shares of the company’s stock, valued at approximately $12,576,224.64. This represents a 0.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director George Oliver sold 184,331 shares of the stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $79.49, for a total transaction of $14,652,471.19. Following the sale, the director now directly owns 1,019,562 shares of the company’s stock, valued at approximately $81,044,983.38. The trade was a 15.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 347,555 shares of company stock valued at $29,536,076 over the last three months. 0.54% of the stock is owned by company insiders.
Institutional Trading of Johnson Controls International
Several hedge funds have recently modified their holdings of JCI. Truvestments Capital LLC lifted its position in shares of Johnson Controls International by 425.0% during the first quarter. Truvestments Capital LLC now owns 315 shares of the company’s stock valued at $25,000 after buying an additional 255 shares during the last quarter. Compass Financial Services Inc purchased a new stake in shares of Johnson Controls International during the fourth quarter valued at about $26,000. Accent Capital Management LLC purchased a new stake in shares of Johnson Controls International during the first quarter valued at about $26,000. Cornerstone Planning Group LLC lifted its position in shares of Johnson Controls International by 74.5% during the first quarter. Cornerstone Planning Group LLC now owns 363 shares of the company’s stock valued at $28,000 after buying an additional 155 shares during the last quarter. Finally, SBI Securities Co. Ltd. purchased a new stake in shares of Johnson Controls International during the fourth quarter valued at about $29,000. 90.05% of the stock is owned by hedge funds and other institutional investors.
Johnson Controls International Company Profile
Johnson Controls International plc, together with its subsidiaries, engages in engineering, manufacturing, commissioning, and retrofitting building products and systems in the United States, Europe, the Asia Pacific, and internationally. It operates in four segments: Building Solutions North America, Building Solutions EMEA/LA, Building Solutions Asia Pacific, and Global Products.
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