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

Shares of Johnson Controls International plc (NYSE:JCI) have earned an average recommendation of “Hold” from the fifteen analysts that are covering the firm, MarketBeat.com reports. Eight equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $87.20.

JCI has been the subject of a number of analyst reports. Mizuho raised their price objective on shares of Johnson Controls International from $62.00 to $75.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th. Barclays upped 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 report on Thursday, December 5th. Royal Bank of Canada upped their target price on Johnson Controls International from $81.00 to $86.00 and gave the stock a “sector perform” rating in a research note on Thursday, November 7th. Melius downgraded Johnson Controls International from a “buy” rating to a “hold” rating and set a $95.00 price target for the company. in a research report on Tuesday. Finally, StockNews.com cut shares of Johnson Controls International from a “buy” rating to a “hold” rating in a research report on Wednesday, November 20th.

Johnson Controls International Stock Performance

NYSE:JCI opened at $78.16 on Friday. The business’s fifty day moving average is $81.20 and its 200 day moving average is $76.44. The firm has a market cap of $51.60 billion, a price-to-earnings ratio of 30.77, a PEG ratio of 2.35 and a beta of 1.32. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.79 and a current ratio of 0.94. Johnson Controls International has a 52-week low of $52.02 and a 52-week high of $87.16.

Johnson Controls International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Monday, December 23rd were issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 1.89%. The ex-dividend date was Monday, December 23rd. Johnson Controls International’s dividend payout ratio (DPR) is presently 58.27%.

Insider Activity

In related news, EVP Marlon Sullivan sold 7,230 shares of the company’s 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 completion of the transaction, the executive vice president now owns 32,246 shares in the company, valued at $2,687,704.10. This represents a 18.31 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO George Oliver sold 224,152 shares of the business’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $82.72, for a total transaction of $18,541,853.44. Following the transaction, the chief executive officer now directly owns 1,166,992 shares in the company, valued at approximately $96,533,578.24. The trade was a 16.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 647,787 shares of company stock valued at $53,972,452. Insiders own 0.69% of the company’s stock.

Hedge Funds Weigh In On Johnson Controls International

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Compass Financial Services Inc bought a new stake in Johnson Controls International during the 4th quarter valued at approximately $26,000. Fortitude Family Office LLC boosted its position in shares of Johnson Controls International by 195.8% during the third quarter. Fortitude Family Office LLC now owns 420 shares of the company’s stock valued at $33,000 after purchasing an additional 278 shares in the last quarter. Wolff Wiese Magana LLC boosted its position in shares of Johnson Controls International by 977.3% during the third quarter. Wolff Wiese Magana LLC now owns 474 shares of the company’s stock valued at $37,000 after purchasing an additional 430 shares in the last quarter. Synergy Asset Management LLC purchased a new stake in Johnson Controls International in the fourth quarter worth $42,000. Finally, ST Germain D J Co. Inc. raised its holdings in Johnson Controls International by 32.8% in the fourth quarter. ST Germain D J Co. Inc. now owns 543 shares of the company’s stock worth $43,000 after purchasing an additional 134 shares in the last quarter. Hedge funds and other institutional investors own 90.05% of the company’s stock.

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.