Johnson Controls International plc (NYSE:JCI) Given Average Recommendation of “Moderate Buy” by Analysts

Posted by Defense World Staff on Jun 6th, 2023

Shares of Johnson Controls International plc (NYSE:JCI – Get Rating) have received a consensus rating of “Moderate Buy” from the fifteen research firms that are presently covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 1-year target price among analysts that have covered the stock in the last year is $69.31.

JCI has been the topic of several recent analyst reports. Barclays downgraded Johnson Controls International from an “overweight” rating to an “equal weight” rating and set a $70.00 price target on the stock. in a research report on Thursday, June 1st. JPMorgan Chase & Co. increased their price target on shares of Johnson Controls International from $70.00 to $72.00 in a report on Monday, May 8th. StockNews.com began coverage on shares of Johnson Controls International in a report on Thursday, May 18th. They set a “buy” rating on the stock. Wells Fargo & Company cut their price objective on shares of Johnson Controls International from $69.00 to $65.00 and set an “overweight” rating for the company in a research report on Thursday, April 13th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on Johnson Controls International from $75.00 to $65.00 and set a “buy” rating on the stock in a research report on Wednesday, April 12th.

Johnson Controls International Stock Down 1.0 %

Shares of Johnson Controls International stock opened at $61.79 on Tuesday. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.03 and a quick ratio of 0.78. The firm has a market cap of $42.39 billion, a price-to-earnings ratio of 30.74, a P/E/G ratio of 1.29 and a beta of 1.22. The stock has a 50-day simple moving average of $59.88 and a 200-day simple moving average of $63.07. Johnson Controls International has a 52-week low of $45.52 and a 52-week high of $69.60.

Johnson Controls International (NYSE:JCI – Get Rating) last posted its quarterly earnings data on Friday, May 5th. The company reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.02. The business had revenue of $6.69 billion during the quarter, compared to the consensus estimate of $6.51 billion. Johnson Controls International had a net margin of 5.33% and a return on equity of 13.07%. Johnson Controls International’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.63 EPS. On average, equities research analysts expect that Johnson Controls International will post 3.57 earnings per share for the current fiscal year.

Johnson Controls International Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 14th. Shareholders of record on Monday, March 20th were paid a dividend of $0.36 per share. This is a positive change from Johnson Controls International’s previous quarterly dividend of $0.35. This represents a $1.44 annualized dividend and a yield of 2.33%. The ex-dividend date of this dividend was Friday, March 17th. Johnson Controls International’s dividend payout ratio is currently 71.64%.

Insider Activity at Johnson Controls International

In related news, CFO Olivier Leonetti sold 30,997 shares of Johnson Controls International stock in a transaction dated Monday, May 8th. The stock was sold at an average price of $62.36, for a total value of $1,932,972.92. Following the completion of the transaction, the chief financial officer now directly owns 101,757 shares of the company’s stock, valued at $6,345,566.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Johnson Controls International news, CFO Olivier Leonetti sold 30,997 shares of the stock in a transaction on Monday, May 8th. The stock was sold at an average price of $62.36, for a total value of $1,932,972.92. Following the transaction, the chief financial officer now directly owns 101,757 shares in the company, valued at approximately $6,345,566.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP John Donofrio sold 14,253 shares of Johnson Controls International stock in a transaction on Tuesday, May 9th. The shares were sold at an average price of $63.02, for a total value of $898,224.06. Following the completion of the sale, the vice president now directly owns 37,090 shares of the company’s stock, valued at $2,337,411.80. The disclosure for this sale can be found here. 0.71% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Johnson Controls International

Several institutional investors have recently modified their holdings of JCI. Exchange Traded Concepts LLC grew its holdings in Johnson Controls International by 12.2% during the 4th quarter. Exchange Traded Concepts LLC now owns 1,465 shares of the company’s stock worth $94,000 after acquiring an additional 159 shares during the period. Resources Investment Advisors LLC. grew its stake in shares of Johnson Controls International by 3.4% during the first quarter. Resources Investment Advisors LLC. now owns 4,949 shares of the company’s stock worth $298,000 after purchasing an additional 162 shares during the period. Advisory Resource Group increased its holdings in Johnson Controls International by 1.7% in the first quarter. Advisory Resource Group now owns 9,910 shares of the company’s stock valued at $597,000 after purchasing an additional 162 shares during the last quarter. Bollard Group LLC lifted its stake in Johnson Controls International by 0.7% in the third quarter. Bollard Group LLC now owns 23,446 shares of the company’s stock valued at $1,154,000 after buying an additional 164 shares during the period. Finally, Altfest L J & Co. Inc. boosted its holdings in Johnson Controls International by 2.9% during the first quarter. Altfest L J & Co. Inc. now owns 6,225 shares of the company’s stock worth $375,000 after buying an additional 173 shares during the last quarter. Institutional investors and hedge funds own 88.76% of the company’s stock.

Johnson Controls International Company Profile

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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.