Johnson Controls International (NYSE:JCI) Reaches New 1-Year High at $70.88

Johnson Controls International plc (NYSE:JCI)’s stock price reached a new 52-week high on Thursday . The stock traded as high as $70.88 and last traded at $70.16, with a volume of 3657923 shares changing hands. The stock had previously closed at $70.56.

Several analysts recently weighed in on JCI shares. Deutsche Bank Aktiengesellschaft increased their price target on Johnson Controls International from $68.00 to $76.00 and gave the company a “hold” rating in a report on Wednesday, July 14th. Barclays upgraded Johnson Controls International from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $67.00 to $75.00 in a research note on Wednesday, May 26th. Jefferies Financial Group started coverage on Johnson Controls International in a research note on Thursday, July 8th. They set a “buy” rating and a $85.00 price target on the stock. OTR Global upgraded Johnson Controls International from a “mixed” rating to a “positive” rating in a research note on Tuesday, April 27th. Finally, UBS Group raised Johnson Controls International to a “buy” rating and raised their price objective for the company from $57.00 to $70.00 in a research report on Thursday, April 22nd. Eight research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $60.89.

The stock’s fifty day moving average price is $67.17. The stock has a market cap of $50.28 billion, a P/E ratio of 48.33, a PEG ratio of 3.29 and a beta of 1.09. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.17 and a quick ratio of 0.94.

Johnson Controls International (NYSE:JCI) last announced its quarterly earnings data on Thursday, April 29th. The company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.03. The business had revenue of $5.59 billion during the quarter, compared to analysts’ expectations of $5.56 billion. Johnson Controls International had a return on equity of 9.31% and a net margin of 4.74%. The business’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.42 EPS. Equities analysts anticipate that Johnson Controls International plc will post 2.65 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, July 16th. Shareholders of record on Monday, June 21st were given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 1.54%. The ex-dividend date was Friday, June 18th. Johnson Controls International’s dividend payout ratio (DPR) is 48.21%.

In other news, VP Jeffrey M. Williams sold 19,196 shares of the firm’s stock in a transaction on Monday, May 10th. The stock was sold at an average price of $66.08, for a total value of $1,268,471.68. Following the completion of the sale, the vice president now owns 84,228 shares of the company’s stock, valued at $5,565,786.24. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO George Oliver sold 176,754 shares of the firm’s stock in a transaction dated Tuesday, July 6th. The shares were sold at an average price of $68.17, for a total value of $12,049,320.18. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 412,704 shares of company stock worth $27,680,387. 0.76% of the stock is owned by company insiders.

A number of hedge funds have recently bought and sold shares of the stock. Signaturefd LLC raised its holdings in shares of Johnson Controls International by 3.5% in the 1st quarter. Signaturefd LLC now owns 4,732 shares of the company’s stock valued at $282,000 after purchasing an additional 162 shares during the period. Berman Capital Advisors LLC raised its stake in Johnson Controls International by 22.5% during the first quarter. Berman Capital Advisors LLC now owns 992 shares of the company’s stock worth $58,000 after buying an additional 182 shares during the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its stake in Johnson Controls International by 5.3% in the first quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 3,848 shares of the company’s stock valued at $230,000 after purchasing an additional 192 shares in the last quarter. Sandhill Capital Partners LLC increased its stake in Johnson Controls International by 0.7% in the first quarter. Sandhill Capital Partners LLC now owns 26,886 shares of the company’s stock valued at $1,604,000 after purchasing an additional 193 shares in the last quarter. Finally, Holt Capital Advisors L.L.C. dba Holt Capital Partners L.P. grew its holdings in shares of Johnson Controls International by 0.9% during the first quarter. Holt Capital Advisors L.L.C. dba Holt Capital Partners L.P. now owns 23,315 shares of the company’s stock valued at $1,391,000 after buying an additional 215 shares during the last quarter. Hedge funds and other institutional investors own 88.36% of the company’s stock.

Johnson Controls International Company Profile (NYSE:JCI)

Johnson Controls International plc operates as a diversified technology and multi industrial company worldwide. It operates through Building Solutions North America, Building Solutions EMEA/LA, Building Solutions Asia Pacific, and Global Products segments. The company designs, sells, installs, and services heating, ventilating, air conditioning, controls, refrigeration, integrated electronic security, and integrated fire detection and suppression systems for commercial, industrial, retail, small business, institutional, and governmental customers; and energy efficiency solutions and technical services, including inspection, scheduled maintenance, and repair and replacement of mechanical and control systems, as well as data-driven smart building solutions to non-residential building and industrial applications.

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