Johnson Controls International (NYSE:JCI) Hits New 12-Month High – What’s Next?

Johnson Controls International plc (NYSE:JCIGet Free Report)’s share price reached a new 52-week high during trading on Wednesday . The company traded as high as $150.43 and last traded at $150.42, with a volume of 2618331 shares traded. The stock had previously closed at $146.11.

Analyst Ratings Changes

JCI has been the topic of a number of analyst reports. BNP Paribas Exane began coverage on Johnson Controls International in a research note on Tuesday, April 14th. They set an “underperform” rating and a $120.00 price objective on the stock. Citigroup raised their target price on Johnson Controls International from $150.00 to $155.00 and gave the stock a “neutral” rating in a research note on Thursday, May 7th. HSBC lifted their target price on Johnson Controls International from $127.00 to $136.00 in a report on Thursday, May 7th. Morgan Stanley upped their price target on Johnson Controls International from $140.00 to $175.00 and gave the company an “overweight” rating in a research report on Tuesday, June 9th. Finally, Oppenheimer reissued a “market perform” rating on shares of Johnson Controls International in a report on Tuesday, June 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $152.85.

View Our Latest Report on JCI

Johnson Controls International Stock Down 2.8%

The company has a quick ratio of 0.85, a current ratio of 1.04 and a debt-to-equity ratio of 0.64. The company has a market cap of $85.90 billion, a PE ratio of 25.19, a P/E/G ratio of 1.55 and a beta of 1.31. The stock has a 50-day moving average of $141.97 and a 200-day moving average of $133.65.

Johnson Controls International (NYSE:JCIGet Free Report) last posted its earnings results on Tuesday, March 31st. The company reported $1.19 EPS for the quarter. The business had revenue of $6.14 billion during the quarter. Johnson Controls International had a return on equity of 19.50% and a net margin of 14.45%. Sell-side analysts predict that Johnson Controls International plc will post 4.9 earnings per share for the current fiscal year.

Johnson Controls International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Monday, June 15th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Monday, June 15th. Johnson Controls International’s dividend payout ratio is 28.62%.

Insider Activity at Johnson Controls International

In other news, VP Lei Zhang Schlitz sold 88,809 shares of the firm’s stock in a transaction on Friday, May 8th. The shares were sold at an average price of $140.99, for a total transaction of $12,521,180.91. Following the sale, the vice president owned 57,059 shares in the company, valued at approximately $8,044,748.41. This trade represents a 60.88% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Todd M. Grabowski sold 1,800 shares of Johnson Controls International stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $146.20, for a total transaction of $263,160.00. Following the sale, the vice president directly owned 26,215 shares of the company’s stock, valued at $3,832,633. This represents a 6.43% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.29% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. CX Institutional boosted its holdings in shares of Johnson Controls International by 0.5% in the 2nd quarter. CX Institutional now owns 14,779 shares of the company’s stock worth $2,159,000 after purchasing an additional 79 shares in the last quarter. Eastern Bank purchased a new position in shares of Johnson Controls International during the 2nd quarter valued at about $201,000. Basecamp Wealth Advisors LLC lifted its position in Johnson Controls International by 13.4% in the 1st quarter. Basecamp Wealth Advisors LLC now owns 769 shares of the company’s stock worth $101,000 after buying an additional 91 shares during the last quarter. Sapient Capital LLC bought a new stake in Johnson Controls International in the 1st quarter worth approximately $277,000. Finally, Western Wealth Management LLC purchased a new stake in Johnson Controls International in the first quarter worth approximately $135,000. Institutional investors own 90.05% of the company’s stock.

Johnson Controls International Company Profile

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Johnson Controls International plc is a global diversified technology and multi‑industrial company that develops products, services and solutions for buildings and energy storage. The company’s core focus is on improving building efficiency, safety and sustainability through a combination of HVAC equipment, building controls and automation, fire and security systems, and related services. Johnson Controls traces its roots to 1885, when inventor Warren S. Johnson developed an electric room thermostat; over its long history the company has expanded from controls into a broad set of building‑related technologies and, through corporate transactions, into a global provider of integrated building solutions.

Johnson Controls’ product and service portfolio includes heating, ventilation and air‑conditioning equipment, chillers, air handlers and related mechanical systems, together with building automation and control platforms that monitor and manage energy use, indoor environmental quality and security.

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