Johnson Controls International (NYSE:JCI) Announces Quarterly Earnings Results, Beats Expectations By $0.03 EPS

Johnson Controls International (NYSE:JCI) announced its quarterly earnings results on Wednesday. The company reported $1.28 EPS for the quarter, beating the consensus estimate of $1.25 by $0.03, reports. The business had revenue of $6.25 billion for the quarter, compared to analyst estimates of $7.26 billion. Johnson Controls International had a return on equity of 14.51% and a net margin of 6.49%.

Johnson Controls International Trading Up 2.9 %

NYSE:JCI traded up $2.39 on Friday, reaching $84.30. The company’s stock had a trading volume of 1,070,538 shares, compared to its average volume of 4,934,009. Johnson Controls International has a 1-year low of $50.00 and a 1-year high of $84.68. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.73 and a current ratio of 0.94. The firm has a market cap of $56.31 billion, a PE ratio of 32.24, a PEG ratio of 2.39 and a beta of 1.29. The business’s 50-day moving average price is $74.87 and its two-hundred day moving average price is $70.72.

Johnson Controls International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 18th. Shareholders 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 dividend on an annualized basis and a yield of 1.76%. Johnson Controls International’s payout ratio is 58.27%.

Analyst Ratings Changes

Several analysts recently commented on JCI shares. Morgan Stanley started coverage on Johnson Controls International in a research note on Friday, September 6th. They issued an “overweight” rating and a $85.00 price target on the stock. The Goldman Sachs Group lifted their price objective on Johnson Controls International from $73.00 to $81.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Royal Bank of Canada lifted their price objective on Johnson Controls International from $81.00 to $86.00 and gave the company a “sector perform” rating in a research report on Thursday. StockNews.com upgraded Johnson Controls International from a “hold” rating to a “buy” rating in a research report on Monday. Finally, Wells Fargo & Company lifted their price objective on Johnson Controls International from $84.00 to $90.00 and gave the company an “overweight” rating in a research report on Thursday. Eleven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $75.64.

Insider Buying and Selling at Johnson Controls International

In other Johnson Controls International news, COO Nathan D. Manning sold 3,000 shares of the business’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $77.08, for a total value of $231,240.00. Following the completion of the transaction, the chief operating officer now directly owns 140,488 shares of the company’s stock, valued at approximately $10,828,815.04. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO George Oliver sold 110,615 shares of the company’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $76.79, for a total transaction of $8,494,125.85. Following the completion of the transaction, the chief executive officer now directly owns 1,243,751 shares of the company’s stock, valued at $95,507,639.29. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Nathan D. Manning sold 3,000 shares of the company’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $77.08, for a total value of $231,240.00. Following the transaction, the chief operating officer now directly owns 140,488 shares of the company’s stock, valued at $10,828,815.04. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 226,141 shares of company stock valued at $16,904,519. Company insiders own 0.69% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Metis Global Partners LLC boosted its position in shares of Johnson Controls International by 0.4% during the third quarter. Metis Global Partners LLC now owns 28,446 shares of the company’s stock worth $2,208,000 after buying an additional 127 shares during the period. Summit Trail Advisors LLC boosted its position in Johnson Controls International by 4.6% during the second quarter. Summit Trail Advisors LLC now owns 3,715 shares of the company’s stock valued at $248,000 after purchasing an additional 163 shares during the last quarter. Miracle Mile Advisors LLC boosted its position in Johnson Controls International by 1.0% during the third quarter. Miracle Mile Advisors LLC now owns 17,011 shares of the company’s stock valued at $1,320,000 after purchasing an additional 163 shares during the last quarter. Berry Wealth Group LP boosted its position in Johnson Controls International by 0.7% during the third quarter. Berry Wealth Group LP now owns 25,978 shares of the company’s stock valued at $2,016,000 after purchasing an additional 177 shares during the last quarter. Finally, Center for Financial Planning Inc. boosted its position in Johnson Controls International by 5.7% during the second quarter. Center for Financial Planning Inc. now owns 3,485 shares of the company’s stock valued at $232,000 after purchasing an additional 187 shares during the last quarter. 90.05% of the stock is owned by institutional investors and hedge funds.

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.