Johnson Controls International Sees Unusually Large Options Volume (NYSE:JCI)

Johnson Controls International plc (NYSE:JCI) saw unusually large options trading activity on Wednesday. Stock investors bought 19,207 call options on the company. This is an increase of 1,963% compared to the average volume of 931 call options.

Insiders Place Their Bets

In other news, Director Juergen Tinggren sold 4,000 shares of the stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $62.31, for a total value of $249,240.00. Following the completion of the sale, the director now owns 30,120 shares of the company’s stock, valued at approximately $1,876,777.20. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other Johnson Controls International news, Director Juergen Tinggren sold 4,000 shares of Johnson Controls International stock in a transaction on Monday, May 6th. The stock was sold at an average price of $62.31, for a total value of $249,240.00. Following the sale, the director now owns 30,120 shares in the company, valued at $1,876,777.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Nathan D. Manning sold 1,167 shares of the stock in a transaction on Monday, July 1st. The stock was sold at an average price of $66.01, for a total value of $77,033.67. Following the transaction, the chief operating officer now owns 104,556 shares of the company’s stock, valued at $6,901,741.56. The disclosure for this sale can be found here. Insiders have sold 18,067 shares of company stock valued at $1,163,404 over the last ninety days. Company insiders own 0.69% of the company’s stock.

Hedge Funds Weigh In On Johnson Controls International

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Turtle Creek Wealth Advisors LLC acquired a new stake in Johnson Controls International during the fourth quarter worth approximately $25,000. Rise Advisors LLC acquired a new stake in Johnson Controls International during the 1st quarter worth $25,000. EdgeRock Capital LLC purchased a new stake in Johnson Controls International in the fourth quarter valued at $27,000. Hexagon Capital Partners LLC lifted its position in Johnson Controls International by 114.0% in the fourth quarter. Hexagon Capital Partners LLC now owns 503 shares of the company’s stock valued at $29,000 after acquiring an additional 268 shares during the last quarter. Finally, Continuum Advisory LLC boosted its stake in Johnson Controls International by 65.2% in the second quarter. Continuum Advisory LLC now owns 527 shares of the company’s stock valued at $35,000 after acquiring an additional 208 shares in the last quarter. 90.05% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on JCI shares. Wells Fargo & Company upped their price objective on shares of Johnson Controls International from $70.00 to $75.00 and gave the stock an “overweight” rating in a report on Wednesday, July 10th. Barclays lowered their price target on Johnson Controls International from $62.00 to $61.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 10th. Citigroup boosted their price objective on Johnson Controls International from $59.00 to $68.00 and gave the company a “neutral” rating in a report on Monday, April 8th. Oppenheimer raised their target price on Johnson Controls International from $70.00 to $76.00 and gave the company an “outperform” rating in a report on Thursday, June 27th. Finally, The Goldman Sachs Group boosted their price target on shares of Johnson Controls International from $66.00 to $73.00 and gave the stock a “buy” rating in a research note on Wednesday, July 10th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $65.23.

Johnson Controls International Trading Down 1.2 %

Shares of NYSE:JCI opened at $66.71 on Friday. Johnson Controls International has a 52 week low of $47.90 and a 52 week high of $74.23. The company’s 50 day moving average is $69.57 and its two-hundred day moving average is $63.80. The company has a market cap of $44.94 billion, a PE ratio of 27.01, a P/E/G ratio of 1.68 and a beta of 1.28. The company has a current ratio of 0.87, a quick ratio of 0.65 and a debt-to-equity ratio of 0.44.

Johnson Controls International (NYSE:JCI) last posted its earnings results on Wednesday, May 1st. The company reported $0.78 EPS for the quarter, beating the consensus estimate of $0.75 by $0.03. Johnson Controls International had a return on equity of 13.21% and a net margin of 6.32%. The firm had revenue of $6.70 billion for the quarter, compared to analyst estimates of $7.51 billion. During the same quarter in the prior year, the company posted $0.75 earnings per share. Johnson Controls International’s revenue for the quarter was down 6.1% compared to the same quarter last year. Equities analysts predict that Johnson Controls International will post 3.57 earnings per share for the current fiscal year.

Johnson Controls International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, July 19th. Stockholders of record on Monday, June 24th were given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 2.22%. The ex-dividend date was Monday, June 24th. Johnson Controls International’s dividend payout ratio (DPR) is presently 59.92%.

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.