Johnson Controls International PLC (NYSE:JCI) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $34.30 and traded as high as $41.39. Johnson Controls International shares last traded at $40.68, with a volume of 5,196,745 shares changing hands.
Several equities analysts have recently weighed in on JCI shares. Argus raised their price objective on Johnson Controls International from $34.00 to $45.00 in a report on Monday, August 10th. Morgan Stanley raised their price objective on Johnson Controls International from $31.00 to $39.00 and gave the company an “equal weight” rating in a report on Monday, August 3rd. Credit Suisse Group raised their price objective on Johnson Controls International from $37.00 to $44.00 and gave the company an “outperform” rating in a report on Monday, August 3rd. Cowen restated a “buy” rating and issued a $36.00 price objective on shares of Johnson Controls International in a report on Friday, July 31st. Finally, UBS Group upgraded Johnson Controls International from a “neutral” rating to a “buy” rating and set a $39.00 price target for the company in a report on Monday, June 22nd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $38.67.
The company has a quick ratio of 0.89, a current ratio of 1.08 and a debt-to-equity ratio of 0.30. The firm has a market cap of $30.94 billion, a P/E ratio of 40.77, a PEG ratio of 2.42 and a beta of 1.11. The stock’s 50-day simple moving average is $41.22 and its 200 day simple moving average is $34.34.
Johnson Controls International (NYSE:JCI) last announced its quarterly earnings data on Friday, July 31st. The company reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.19. Johnson Controls International had a net margin of 3.54% and a return on equity of 8.77%. The firm had revenue of $5.34 billion for the quarter, compared to analyst estimates of $5.11 billion. During the same quarter in the prior year, the business earned $0.65 earnings per share. The business’s quarterly revenue was down 17.2% compared to the same quarter last year. On average, research analysts forecast that Johnson Controls International PLC will post 2.2 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 16th. Stockholders of record on Monday, September 28th will be issued a dividend of $0.26 per share. The ex-dividend date is Friday, September 25th. This represents a $1.04 annualized dividend and a dividend yield of 2.50%. Johnson Controls International’s dividend payout ratio is currently 53.06%.
In related news, CFO Brian J. Stief sold 61,953 shares of the company’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $38.54, for a total value of $2,387,668.62. Following the sale, the chief financial officer now owns 36,971 shares in the company, valued at approximately $1,424,862.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP John Donofrio sold 38,290 shares of the company’s stock in a transaction dated Friday, September 11th. The stock was sold at an average price of $42.04, for a total transaction of $1,609,711.60. Following the completion of the sale, the vice president now owns 52,915 shares in the company, valued at approximately $2,224,546.60. The disclosure for this sale can be found here. 0.61% of the stock is currently owned by corporate insiders.
Several institutional investors and hedge funds have recently bought and sold shares of the stock. SOL Capital Management CO raised its holdings in shares of Johnson Controls International by 3.2% in the 2nd quarter. SOL Capital Management CO now owns 9,562 shares of the company’s stock worth $326,000 after acquiring an additional 300 shares during the last quarter. Balentine LLC grew its position in Johnson Controls International by 82.4% in the 2nd quarter. Balentine LLC now owns 881 shares of the company’s stock worth $30,000 after purchasing an additional 398 shares in the last quarter. Pflug Koory LLC grew its position in Johnson Controls International by 6.8% in the 2nd quarter. Pflug Koory LLC now owns 6,419 shares of the company’s stock worth $219,000 after purchasing an additional 406 shares in the last quarter. Carroll Financial Associates Inc. grew its position in Johnson Controls International by 21.6% in the 2nd quarter. Carroll Financial Associates Inc. now owns 2,745 shares of the company’s stock worth $93,000 after purchasing an additional 488 shares in the last quarter. Finally, New England Asset Management Inc. grew its position in Johnson Controls International by 2.8% in the 1st quarter. New England Asset Management Inc. now owns 21,912 shares of the company’s stock worth $591,000 after purchasing an additional 600 shares in the last quarter. Institutional investors own 89.79% of the company’s stock.
About Johnson Controls International (NYSE:JCI)
Johnson Controls International plc operates as a diversified technology and multi industrial company worldwide. The company operates through Building Technologies & Solutions and Power Solutions segments. The company designs, sells, installs, and services heating, ventilating, and air conditioning systems, controls systems, integrated electronic security systems, 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, to non-residential building and industrial applications.
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