Johnson Controls International plc (NYSE:JCI) Receives Consensus Rating of "Hold" from Brokerages

Johnson Controls International plc (NYSE:JCI - Get Free Report) has received a consensus recommendation of "Hold" from the sixteen ratings firms that are presently covering the company, MarketBeat reports. Eleven research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $78.57.

Several brokerages have recently issued reports on JCI. Oppenheimer lifted their price objective on shares of Johnson Controls International from $86.00 to $87.00 and gave the stock an "outperform" rating in a research note on Thursday, November 7th. Royal Bank of Canada lifted their price target on shares of Johnson Controls International from $81.00 to $86.00 and gave the stock a "sector perform" rating in a research report on Thursday, November 7th. Bank of America increased their price objective on Johnson Controls International from $80.00 to $95.00 and gave the company a "buy" rating in a research report on Friday, September 27th. Wells Fargo & Company lifted their target price on Johnson Controls International from $84.00 to $90.00 and gave the stock an "overweight" rating in a report on Thursday, November 7th. Finally, Barclays boosted their target price on Johnson Controls International from $75.00 to $83.00 and gave the stock an "equal weight" rating in a research report on Thursday.

Johnson Controls International Price Performance

NYSE:JCI traded up $1.25 during mid-day trading on Friday, reaching $84.34. 4,223,078 shares of the stock were exchanged, compared to its average volume of 3,454,579. The company has a current ratio of 0.94, a quick ratio of 0.79 and a debt-to-equity ratio of 0.46. The business has a fifty day moving average price of $79.77 and a 200 day moving average price of $73.44. Johnson Controls International has a 1-year low of $51.70 and a 1-year high of $87.16. The firm has a market capitalization of $55.85 billion, a PE ratio of 33.20, a PEG ratio of 2.34 and a beta of 1.31.

Johnson Controls International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Monday, December 23rd will be issued a dividend of $0.37 per share. The ex-dividend date of this dividend is Monday, December 23rd. This represents a $1.48 annualized dividend and a dividend yield of 1.75%. Johnson Controls International's dividend payout ratio is 58.27%.

Insider Buying and Selling at Johnson Controls International

In other news, CEO George Oliver sold 110,615 shares of the firm's stock in a transaction on Monday, September 16th. The shares were sold at an average price of $72.67, for a total transaction of $8,038,392.05. Following the transaction, the chief executive officer now owns 1,243,751 shares in the company, valued at approximately $90,383,385.17. This trade represents a 8.17 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Nathan D. Manning sold 3,000 shares of the company's stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $77.08, for a total transaction of $231,240.00. Following the completion of the sale, the chief operating officer now owns 140,488 shares of the company's stock, valued at $10,828,815.04. This represents a 2.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 740,662 shares of company stock worth $59,869,133 over the last 90 days. 0.69% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Johnson Controls International

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Johnson Controls International by 514.9% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,391,562 shares of the company's stock valued at $418,439,000 after purchasing an additional 4,514,792 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC grew its stake in Johnson Controls International by 686.4% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 4,445,418 shares of the company's stock valued at $295,487,000 after buying an additional 3,880,146 shares during the last quarter. Ceredex Value Advisors LLC bought a new position in Johnson Controls International in the 2nd quarter worth $73,881,000. Point72 Asset Management L.P. lifted its position in Johnson Controls International by 263.9% during the 2nd quarter. Point72 Asset Management L.P. now owns 1,341,919 shares of the company's stock worth $89,197,000 after acquiring an additional 973,145 shares during the last quarter. Finally, Electron Capital Partners LLC boosted its holdings in Johnson Controls International by 81.3% during the second quarter. Electron Capital Partners LLC now owns 1,432,335 shares of the company's stock valued at $95,207,000 after acquiring an additional 642,315 shares during the period. 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.