Johnson Controls International (JCI) – Analysts’ Recent Ratings Changes

Johnson Controls International (NYSE: JCI) has recently received a number of price target changes and ratings updates:

  • 7/10/2024 – Johnson Controls International had its price target raised by analysts at Wells Fargo & Company from $70.00 to $75.00. They now have an “overweight” rating on the stock.
  • 7/10/2024 – Johnson Controls International had its price target raised by analysts at The Goldman Sachs Group, Inc. from $66.00 to $73.00. They now have a “buy” rating on the stock.
  • 6/27/2024 – Johnson Controls International had its price target raised by analysts at Oppenheimer Holdings Inc. from $70.00 to $76.00. They now have an “outperform” rating on the stock.
  • 6/21/2024 – Johnson Controls International had its price target raised by analysts at Barclays PLC from $59.00 to $62.00. They now have an “equal weight” rating on the stock.

Johnson Controls International Trading Up 1.0 %

Johnson Controls International stock traded up $0.67 during trading on Wednesday, hitting $67.81. The company had a trading volume of 3,187,279 shares, compared to its average volume of 5,421,218. The stock has a market cap of $45.68 billion, a price-to-earnings ratio of 27.45, a price-to-earnings-growth ratio of 1.75 and a beta of 1.28. The company has a current ratio of 0.87, a quick ratio of 0.65 and a debt-to-equity ratio of 0.44. Johnson Controls International plc has a 1-year low of $47.90 and a 1-year high of $74.23. The company’s 50 day simple moving average is $68.49 and its 200-day simple moving average is $62.87.

Johnson Controls International (NYSE:JCIGet Free Report) last announced its quarterly earnings data on Wednesday, May 1st. The company reported $0.78 earnings per share for the quarter, beating analysts’ consensus estimates of $0.75 by $0.03. The firm had revenue of $6.70 billion during the quarter, compared to analysts’ expectations of $7.51 billion. Johnson Controls International had a net margin of 6.32% and a return on equity of 13.21%. The business’s quarterly revenue was down 6.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.75 earnings per share. As a group, analysts expect that Johnson Controls International plc will post 3.59 EPS for the current fiscal year.

Johnson Controls International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 19th. Stockholders of record on Monday, June 24th will be issued a $0.37 dividend. The ex-dividend date is Monday, June 24th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.18%. Johnson Controls International’s payout ratio is 59.92%.

Insider Transactions at Johnson Controls International

In related news, VP Daniel C. Mcconeghy sold 9,342 shares of the business’s stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $65.50, for a total transaction of $611,901.00. Following the completion of the sale, the vice president now owns 25,378 shares in the company, valued at $1,662,259. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, VP Daniel C. Mcconeghy sold 9,342 shares of the stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $65.50, for a total value of $611,901.00. Following the completion of the sale, the vice president now directly owns 25,378 shares of the company’s stock, valued at $1,662,259. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Juergen Tinggren sold 4,000 shares of Johnson Controls International stock in a transaction on Monday, May 6th. The shares were sold at an average price of $62.31, for a total transaction of $249,240.00. Following the completion of the transaction, the director now directly owns 30,120 shares in the company, valued at $1,876,777.20. The disclosure for this sale can be found here. In the last three months, insiders sold 18,067 shares of company stock valued at $1,162,299. Insiders own 0.69% of the company’s stock.

Institutional Investors Weigh In On Johnson Controls International

Several hedge funds have recently modified their holdings of JCI. Vanguard Group Inc. raised its position in Johnson Controls International by 17.3% in the fourth quarter. Vanguard Group Inc. now owns 71,387,169 shares of the company’s stock worth $4,114,756,000 after acquiring an additional 10,522,009 shares in the last quarter. Franklin Resources Inc. increased its holdings in Johnson Controls International by 1.9% in the fourth quarter. Franklin Resources Inc. now owns 16,419,338 shares of the company’s stock valued at $946,411,000 after buying an additional 305,798 shares in the last quarter. Capital World Investors lifted its position in shares of Johnson Controls International by 85.5% during the 1st quarter. Capital World Investors now owns 14,142,736 shares of the company’s stock valued at $923,804,000 after acquiring an additional 6,520,580 shares during the period. Fisher Asset Management LLC boosted its stake in shares of Johnson Controls International by 4.8% during the 4th quarter. Fisher Asset Management LLC now owns 13,528,240 shares of the company’s stock worth $779,768,000 after acquiring an additional 618,120 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of Johnson Controls International by 95.9% in the 1st quarter. Bank of New York Mellon Corp now owns 12,760,120 shares of the company’s stock worth $833,491,000 after acquiring an additional 6,247,250 shares during the period. 90.05% of the stock is owned by institutional investors and hedge funds.

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.

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