StockNews.com Upgrades Johnson Controls International (NYSE:JCI) to Buy

StockNews.com upgraded shares of Johnson Controls International (NYSE:JCI) from a hold rating to a buy rating in a report issued on Friday morning.

Other research analysts have also recently issued reports about the company. Oppenheimer lifted their price objective on Johnson Controls International from $79.00 to $86.00 and gave the company an “outperform” rating in a research report on Wednesday, October 2nd. Wells Fargo & Company lifted their price objective on Johnson Controls International from $80.00 to $84.00 and gave the company an “overweight” rating in a research report on Monday, October 7th. Robert W. Baird lifted their price objective on Johnson Controls International from $72.00 to $78.00 and gave the company a “neutral” rating in a research report on Thursday, August 1st. Morgan Stanley initiated coverage on Johnson Controls International in a research report on Friday, September 6th. They set an “overweight” rating and a $85.00 price objective on the stock. Finally, Bank of America lifted their price objective on Johnson Controls International from $80.00 to $95.00 and gave the company a “buy” rating in a research report on Friday, September 27th. Eleven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, Johnson Controls International presently has an average rating of “Hold” and an average price target of $73.43.

Johnson Controls International Trading Up 0.2 %

Johnson Controls International stock opened at $77.44 on Friday. The business has a 50-day simple moving average of $73.12 and a two-hundred day simple moving average of $69.66. The company has a market cap of $51.73 billion, a P/E ratio of 32.40, a P/E/G ratio of 2.21 and a beta of 1.29. Johnson Controls International has a 52-week low of $47.90 and a 52-week high of $78.23. The company has a quick ratio of 0.73, a current ratio of 0.96 and a debt-to-equity ratio of 0.46.

Johnson Controls International (NYSE:JCI) last released its quarterly earnings results on Wednesday, July 31st. The company reported $1.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.08 by $0.06. The business had revenue of $7.23 billion during the quarter, compared to the consensus estimate of $7.53 billion. Johnson Controls International had a return on equity of 13.64% and a net margin of 6.02%. The business’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.03 EPS. Analysts predict that Johnson Controls International will post 3.68 EPS for the current year.

Johnson Controls International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Wednesday, September 25th were issued a dividend of $0.37 per share. The ex-dividend date of this dividend was Wednesday, September 25th. This represents a $1.48 annualized dividend and a dividend yield of 1.91%. Johnson Controls International’s dividend payout ratio (DPR) is 61.92%.

Insider Transactions at Johnson Controls International

In other news, COO Nathan D. Manning sold 1,167 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $72.75, for a total transaction of $84,899.25. Following the transaction, the chief operating officer now owns 143,488 shares of the company’s stock, valued at approximately $10,438,752. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, CEO George Oliver sold 110,615 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $72.67, for a total transaction of $8,038,392.05. Following the transaction, the chief executive officer now owns 1,243,751 shares of the company’s stock, valued at approximately $90,383,385.17. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO Nathan D. Manning sold 1,167 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $72.75, for a total value of $84,899.25. Following the transaction, the chief operating officer now directly owns 143,488 shares in the company, valued at approximately $10,438,752. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 227,308 shares of company stock valued at $16,984,829 in the last ninety days. Corporate insiders own 0.69% of the company’s stock.

Hedge Funds Weigh In On Johnson Controls International

Several large investors have recently modified their holdings of JCI. Capital World Investors increased its position in shares of Johnson Controls International by 85.5% during the 1st quarter. Capital World Investors now owns 14,142,736 shares of the company’s stock valued at $923,804,000 after purchasing an additional 6,520,580 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC grew its position in Johnson Controls International by 686.4% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 4,445,418 shares of the company’s stock valued at $295,487,000 after acquiring an additional 3,880,146 shares during the last quarter. M&G Plc bought a new position in Johnson Controls International in the 1st quarter valued at $120,948,000. Toronto Dominion Bank grew its position in Johnson Controls International by 413.5% in the 1st quarter. Toronto Dominion Bank now owns 1,935,465 shares of the company’s stock valued at $126,425,000 after acquiring an additional 1,558,560 shares during the last quarter. Finally, DAVENPORT & Co LLC grew its position in Johnson Controls International by 4,782.9% in the 1st quarter. DAVENPORT & Co LLC now owns 1,254,613 shares of the company’s stock valued at $81,798,000 after acquiring an additional 1,228,919 shares during the last quarter. Institutional investors 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.