Johnson Controls International (NYSE:JCI) Sets New 52-Week High - Here's What Happened

Johnson Controls International plc (NYSE:JCI - Get Free Report) reached a new 52-week high on Tuesday . The company traded as high as $90.25 and last traded at $90.78, with a volume of 2861 shares changing hands. The stock had previously closed at $89.77.

Analysts Set New Price Targets

JCI has been the topic of several recent analyst reports. Melius Research restated a "hold" rating and issued a $95.00 target price on shares of Johnson Controls International in a report on Tuesday, January 28th. Argus upgraded Johnson Controls International from a "hold" rating to a "buy" rating and set a $88.00 target price on the stock in a report on Friday, December 20th. StockNews.com lowered Johnson Controls International from a "buy" rating to a "hold" rating in a report on Wednesday, November 20th. Oppenheimer increased their target price on shares of Johnson Controls International from $86.00 to $87.00 and gave the company an "outperform" rating in a report on Thursday, November 7th. Finally, Robert W. Baird upped their price objective on Johnson Controls International from $80.00 to $85.00 and gave the company a "neutral" rating in a research note on Thursday, November 7th. Eight investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $91.13.

Johnson Controls International Price Performance

The company has a quick ratio of 0.86, a current ratio of 1.02 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $56.26 billion, a PE ratio of 32.53, a PEG ratio of 1.99 and a beta of 1.32. The stock has a 50-day moving average price of $82.06 and a 200 day moving average price of $78.38.

Johnson Controls International (NYSE:JCI - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The company reported $0.64 earnings per share for the quarter, topping analysts' consensus estimates of $0.59 by $0.05. Johnson Controls International had a net margin of 6.83% and a return on equity of 15.11%. Equities analysts forecast that Johnson Controls International plc will post 3.64 EPS for the current fiscal year.

Johnson Controls International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Monday, December 23rd were issued a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 1.74%. The ex-dividend date was Monday, December 23rd. Johnson Controls International's payout ratio is 56.49%.

Insiders Place Their Bets

In related news, CEO George Oliver sold 205,168 shares of the business's stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $88.03, for a total transaction of $18,060,939.04. Following the transaction, the chief executive officer now directly owns 1,260,527 shares in the company, valued at approximately $110,964,191.81. The trade was a 14.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Nathan D. Manning sold 1,421 shares of the stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $76.44, for a total value of $108,621.24. Following the completion of the sale, the vice president now directly owns 148,346 shares of the company's stock, valued at approximately $11,339,568.24. This represents a 0.95 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 719,004 shares of company stock worth $62,950,067. Corporate insiders own 0.54% of the company's stock.

Hedge Funds Weigh In On Johnson Controls International

Institutional investors and hedge funds have recently bought and sold shares of the company. Park Avenue Securities LLC raised its position in shares of Johnson Controls International by 101.5% during the 4th quarter. Park Avenue Securities LLC now owns 26,517 shares of the company's stock valued at $2,093,000 after buying an additional 13,360 shares during the period. Certuity LLC acquired a new stake in Johnson Controls International during the fourth quarter worth $243,000. Y Intercept Hong Kong Ltd raised its position in Johnson Controls International by 136.8% in the third quarter. Y Intercept Hong Kong Ltd now owns 91,248 shares of the company's stock valued at $7,082,000 after purchasing an additional 52,719 shares during the period. Geode Capital Management LLC lifted its stake in shares of Johnson Controls International by 0.5% in the 3rd quarter. Geode Capital Management LLC now owns 13,475,260 shares of the company's stock valued at $1,041,822,000 after purchasing an additional 71,493 shares during the last quarter. Finally, BNC Wealth Management LLC purchased a new position in shares of Johnson Controls International during the 4th quarter worth $2,093,000. 90.05% of the stock is currently owned by institutional investors and hedge funds.

Johnson Controls International Company Profile

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.