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

by · The Markets Daily

Johnson Controls International plc (NYSE:JCI – Get Free Report) has received a consensus rating of “Hold” from the fifteen brokerages that are currently covering the stock, Marketbeat.com reports. Nine research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $80.93.

JCI has been the subject of several recent research reports. StockNews.com downgraded Johnson Controls International from a “buy” rating to a “hold” rating in a report on Wednesday, November 20th. Mizuho raised their target price on shares of Johnson Controls International from $62.00 to $75.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. Barclays boosted their price target on shares of Johnson Controls International from $75.00 to $83.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 5th. Argus upgraded shares of Johnson Controls International from a “hold” rating to a “buy” rating and set a $88.00 price objective for the company in a research report on Friday, December 20th. Finally, Wells Fargo & Company boosted their target price on Johnson Controls International from $84.00 to $90.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th.

Get Our Latest Stock Analysis on JCI

Johnson Controls International Stock Up 1.2 %

JCI opened at $79.92 on Wednesday. Johnson Controls International has a 52 week low of $51.71 and a 52 week high of $87.16. The business has a 50 day moving average price of $81.59 and a two-hundred day moving average price of $74.93. The company has a quick ratio of 0.79, a current ratio of 0.94 and a debt-to-equity ratio of 0.46. The company has a market cap of $52.92 billion, a PE ratio of 31.46, a P/E/G ratio of 2.31 and a beta of 1.32.

Johnson Controls International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Monday, December 23rd will be given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 1.85%. The ex-dividend date of this dividend is Monday, December 23rd. Johnson Controls International’s dividend payout ratio is currently 58.27%.

Insider Buying and Selling

In other news, EVP Marlon Sullivan sold 7,230 shares of the stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $83.35, for a total transaction of $602,620.50. Following the sale, the executive vice president now directly owns 32,246 shares in the company, valued at approximately $2,687,704.10. This represents a 18.31 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 value of $9,358,113.60. Following the transaction, the chief executive officer now owns 1,244,617 shares of the company’s stock, valued at $105,294,598.20. This represents a 8.16 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 758,588 shares of company stock worth $62,480,987 over the last ninety days. 0.69% of the stock is owned by insiders.

Institutional Investors Weigh In On Johnson Controls International

Several large investors have recently added to or reduced their stakes in JCI. GAMMA Investing LLC grew its position in shares of Johnson Controls International by 14.1% during the fourth quarter. GAMMA Investing LLC now owns 11,519 shares of the company’s stock worth $909,000 after acquiring an additional 1,427 shares during the last quarter. Versant Capital Management Inc boosted its stake in Johnson Controls International by 367.2% during the 4th quarter. Versant Capital Management Inc now owns 1,355 shares of the company’s stock valued at $107,000 after purchasing an additional 1,065 shares during the period. B. Riley Wealth Advisors Inc. grew its position in Johnson Controls International by 12.8% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 20,857 shares of the company’s stock worth $1,615,000 after purchasing an additional 2,366 shares during the last quarter. Inspire Trust Co. N.A. increased its stake in shares of Johnson Controls International by 34.8% in the third quarter. Inspire Trust Co. N.A. now owns 62,000 shares of the company’s stock valued at $4,812,000 after purchasing an additional 16,000 shares during the period. Finally, Peapack Gladstone Financial Corp raised its holdings in shares of Johnson Controls International by 8.6% during the third quarter. Peapack Gladstone Financial Corp now owns 9,669 shares of the company’s stock valued at $751,000 after buying an additional 763 shares during the last quarter. 90.05% of the stock is owned by institutional investors and hedge funds.

Johnson Controls International Company Profile

(Get Free Report

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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