Johnson Controls International plc (NYSE:JCI) Receives Consensus Rating of “Hold” from Brokerages

Shares of Johnson Controls International plc (NYSE:JCI) have been assigned a consensus rating of “Hold” from the sixteen brokerages that are covering the firm, Marketbeat reports. Eleven research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $77.21.

Several analysts have weighed in on the stock. Barclays boosted their target price on shares of Johnson Controls International from $62.00 to $64.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 2nd. Royal Bank of Canada boosted their target price on shares of Johnson Controls International from $81.00 to $86.00 and gave the company a “sector perform” rating in a research note on Thursday, November 7th. Morgan Stanley began coverage on shares of Johnson Controls International in a research report on Friday, September 6th. They set an “overweight” rating and a $85.00 price objective for the company. Bank of America upped their target price on shares of Johnson Controls International from $80.00 to $95.00 and gave the stock a “buy” rating in a report on Friday, September 27th. Finally, Wells Fargo & Company upped their target price on shares of Johnson Controls International from $84.00 to $90.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th.

Johnson Controls International Stock Down 0.9 %

Shares of Johnson Controls International stock opened at $83.64 on Tuesday. Johnson Controls International has a 1 year low of $51.60 and a 1 year high of $87.16. The stock has a market cap of $55.87 billion, a price-to-earnings ratio of 32.93, a PEG ratio of 2.36 and a beta of 1.29. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.94 and a quick ratio of 0.79. The firm’s 50-day moving average is $77.14 and its two-hundred day moving average is $71.93.

Johnson Controls International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Wednesday, September 25th were paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 1.77%. The ex-dividend date was Wednesday, September 25th. Johnson Controls International’s dividend payout ratio (DPR) is presently 58.27%.

Insider Transactions at Johnson Controls International

In other Johnson Controls International news, CEO George Oliver sold 110,616 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $84.60, for a total transaction of $9,358,113.60. Following the completion of the sale, the chief executive officer now directly owns 1,244,617 shares in the company, valued at $105,294,598.20. The trade was a 8.16 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Nathan D. Manning sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $77.08, for a total value of $231,240.00. Following the sale, the chief operating officer now owns 140,488 shares of the company’s stock, valued at $10,828,815.04. This represents a 2.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 336,757 shares of company stock valued at $26,262,632 in the last 90 days. 0.69% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in JCI. Fortitude Family Office LLC boosted its stake in Johnson Controls International by 195.8% in the 3rd quarter. Fortitude Family Office LLC now owns 420 shares of the company’s stock worth $33,000 after purchasing an additional 278 shares during the period. Wolff Wiese Magana LLC boosted its stake in shares of Johnson Controls International by 977.3% during the 3rd quarter. Wolff Wiese Magana LLC now owns 474 shares of the company’s stock valued at $37,000 after buying an additional 430 shares during the period. Continuum Advisory LLC boosted its stake in shares of Johnson Controls International by 65.2% during the 2nd quarter. Continuum Advisory LLC now owns 527 shares of the company’s stock valued at $35,000 after buying an additional 208 shares during the period. Western Pacific Wealth Management LP acquired a new stake in shares of Johnson Controls International during the 3rd quarter valued at $44,000. Finally, Friedenthal Financial acquired a new stake in shares of Johnson Controls International during the 2nd quarter valued at $47,000. Institutional investors and hedge funds own 90.05% of the company’s stock.

About Johnson Controls International

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.