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

Shares of Johnson Controls International plc (NYSE:JCI) have earned an average recommendation of “Hold” from the sixteen ratings firms that are covering the firm, Marketbeat Ratings 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.

A number of brokerages have recently issued reports on JCI. StockNews.com cut Johnson Controls International from a “buy” rating to a “hold” rating in a research note on Tuesday, November 12th. Bank of America raised their price target on shares of Johnson Controls International from $80.00 to $95.00 and gave the company a “buy” rating in a research report on Friday, September 27th. Robert W. Baird boosted their price objective on shares of Johnson Controls International from $80.00 to $85.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Oppenheimer boosted their price target on shares of Johnson Controls International from $86.00 to $87.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Finally, Barclays upped their price target on shares of Johnson Controls International from $62.00 to $64.00 and gave the company an “equal weight” rating in a report on Wednesday, October 2nd.

Insider Activity at Johnson Controls International

In other news, COO Nathan D. Manning sold 3,000 shares of the stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $77.08, for a total transaction of $231,240.00. Following the sale, the chief operating officer now directly owns 140,488 shares of the company’s stock, valued at approximately $10,828,815.04. This represents a 2.09 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO George Oliver sold 110,615 shares of the company’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $72.67, for a total value of $8,038,392.05. Following the sale, the chief executive officer now owns 1,243,751 shares of the company’s stock, valued at approximately $90,383,385.17. This represents a 8.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 336,757 shares of company stock worth $26,262,632. 0.69% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Fortitude Family Office LLC boosted its holdings in shares of 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 in the last quarter. Wolff Wiese Magana LLC boosted its holdings in Johnson Controls International by 977.3% in the third quarter. Wolff Wiese Magana LLC now owns 474 shares of the company’s stock worth $37,000 after purchasing an additional 430 shares during the last quarter. Continuum Advisory LLC raised its position in Johnson Controls International by 65.2% in the second quarter. Continuum Advisory LLC now owns 527 shares of the company’s stock worth $35,000 after acquiring an additional 208 shares during the period. Western Pacific Wealth Management LP bought a new position in shares of Johnson Controls International in the third quarter worth approximately $44,000. Finally, Friedenthal Financial bought a new position in shares of Johnson Controls International in the second quarter worth approximately $47,000. Institutional investors own 90.05% of the company’s stock.

Johnson Controls International Price Performance

Johnson Controls International stock opened at $83.64 on Tuesday. The company 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 business’s 50 day simple moving average is $77.14 and its 200 day simple moving average is $71.93. Johnson Controls International has a 12 month low of $51.60 and a 12 month high of $87.16. The company has a current ratio of 0.94, a quick ratio of 0.79 and a debt-to-equity ratio of 0.46.

Johnson Controls International Dividend Announcement

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

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.