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

Posted by on Apr 6th, 2023

Johnson Controls International plc (NYSE:JCI – Get Rating) was the target of some unusual options trading on Wednesday. Stock investors acquired 19,207 call options on the company. This represents an increase of 1,963% compared to the average daily volume of 931 call options.

Insider Activity

In other news, VP Daniel C. Mcconeghy sold 3,068 shares of the business’s stock in a transaction that occurred on Friday, February 10th. The stock was sold at an average price of $64.43, for a total value of $197,671.24. Following the completion of the sale, the vice president now directly owns 5,054 shares in the company, valued at approximately $325,629.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.71% of the company’s stock.

Institutional Investors Weigh In On Johnson Controls International

Institutional investors and hedge funds have recently modified their holdings of the stock. Canton Hathaway LLC acquired a new stake in shares of Johnson Controls International during the fourth quarter worth $26,000. Elequin Securities LLC acquired a new position in Johnson Controls International during the fourth quarter valued at $33,000. Salem Investment Counselors Inc. raised its position in Johnson Controls International by 152.4% during the first quarter. Salem Investment Counselors Inc. now owns 588 shares of the company’s stock valued at $39,000 after buying an additional 355 shares during the period. Massmutual Trust Co. FSB ADV raised its position in Johnson Controls International by 48.3% during the third quarter. Massmutual Trust Co. FSB ADV now owns 654 shares of the company’s stock valued at $32,000 after buying an additional 213 shares during the period. Finally, High Net Worth Advisory Group LLC acquired a new position in Johnson Controls International during the first quarter valued at $46,000. 88.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on JCI shares. Mizuho boosted their price objective on Johnson Controls International from $72.00 to $78.00 and gave the company a “buy” rating in a research report on Friday, January 13th. Wells Fargo & Company reduced their price objective on Johnson Controls International from $74.00 to $69.00 and set an “overweight” rating for the company in a research report on Wednesday, March 1st. Morgan Stanley boosted their price objective on Johnson Controls International from $67.00 to $73.00 and gave the company an “overweight” rating in a research report on Friday, January 6th. Barclays reduced their price objective on Johnson Controls International from $74.00 to $73.00 and set an “overweight” rating for the company in a research report on Wednesday, March 22nd. Finally, Bank of America lowered Johnson Controls International from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $85.00 to $72.00 in a research report on Monday, December 12th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, Johnson Controls International presently has an average rating of “Moderate Buy” and a consensus target price of $70.36.

Johnson Controls International Stock Down 2.8 %

JCI opened at $55.70 on Thursday. Johnson Controls International has a one year low of $45.52 and a one year high of $69.60. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.77 and a current ratio of 1.02. The stock’s fifty day moving average is $62.77 and its 200-day moving average is $61.80. The company has a market capitalization of $34.43 billion, a PE ratio of 30.27, a P/E/G ratio of 1.27 and a beta of 1.22.

Johnson Controls International (NYSE:JCI – Get Rating) last posted its quarterly earnings data on Wednesday, February 1st. The company reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.66 by $0.01. Johnson Controls International had a return on equity of 12.51% and a net margin of 4.98%. The company had revenue of $6.07 billion for the quarter, compared to the consensus estimate of $6.25 billion. During the same quarter in the previous year, the business earned $0.54 EPS. The company’s quarterly revenue was up 3.5% compared to the same quarter last year. On average, equities analysts predict that Johnson Controls International will post 3.48 EPS for the current fiscal year.

Johnson Controls International Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 14th. Stockholders of record on Monday, March 20th will be given a dividend of $0.36 per share. The ex-dividend date is Friday, March 17th. This is a positive change from Johnson Controls International’s previous quarterly dividend of $0.35. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.59%. Johnson Controls International’s payout ratio is 78.26%.

About Johnson Controls International

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Johnson Controls International Plc engages in the provision of building products, energy solutions, integrated infrastructure and next generation transportation systems. Its technology and service capabilities include fire, security, HVAC, power solutions and energy storage to serve various end markets including large institutions, commercial buildings, retail, industrial, small business and residential.

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