Johnson Controls International (NYSE:JCI) Stock Price Breaks Above Two Hundred Day Moving Average – What’s Next?

Johnson Controls International plc (NYSE:JCI) passed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $141.89 and traded as high as $146.09. Johnson Controls International shares last traded at $144.7720, with a volume of 6,702,615 shares changing hands.

Wall Street Analyst Weigh In

JCI has been the topic of several research reports. Morgan Stanley upped their price target on Johnson Controls International from $175.00 to $180.00 and gave the company an “overweight” rating in a research report on Wednesday, September 2nd. Citigroup lifted their price objective on shares of Johnson Controls International from $170.00 to $172.00 and gave the stock a “neutral” rating in a report on Wednesday, October 28th. UBS Group reiterated a “buy” rating on shares of Johnson Controls International in a research note on Wednesday, October 28th. The Goldman Sachs Group boosted their target price on shares of Johnson Controls International from $186.00 to $191.00 and gave the company a “buy” rating in a research note on Wednesday, September 30th. Finally, Mizuho increased their target price on shares of Johnson Controls International from $150.00 to $165.00 and gave the stock a “neutral” rating in a report on Thursday, October 15th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $166.76.

Johnson Controls International Stock Performance

The stock has a market capitalization of $84.31 billion, a P/E ratio of 29.74, a P/E/G ratio of 1.47 and a beta of 1.27. The stock has a 50 day moving average of $147.38 and a 200 day moving average of $142.03. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.75 and a current ratio of 0.90.

Johnson Controls International (NYSE:JCI) last announced its quarterly earnings results on Tuesday, October 27th. The company reported $1.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.59 by $0.07. Johnson Controls International had a net margin of 11.12% and a return on equity of 23.38%. The company had revenue of $7.11 billion during the quarter, compared to the consensus estimate of $7.04 billion. During the same quarter in the previous year, the company posted $1.26 earnings per share. The company’s revenue for the quarter was up 10.4% compared to the same quarter last year. Equities analysts predict that Johnson Controls International plc will post 6.29 EPS for the current year.

Johnson Controls International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 16th. Stockholders of record on Monday, September 21st were given a dividend of $0.40 per share. The ex-dividend date was Monday, September 21st. This represents a $1.60 annualized dividend and a dividend yield of 1.1%. Johnson Controls International’s payout ratio is currently 34.19%.

Insider Activity

In related news, Director Juergen Tinggren sold 4,000 shares of the stock in a transaction that occurred on Wednesday, October 28th. The stock was sold at an average price of $159.19, for a total value of $636,760.00. Following the completion of the transaction, the director directly owned 27,236 shares of the company’s stock, valued at $4,335,698.84. This represents a 12.81% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.29% of the company’s stock.

Institutional Trading of Johnson Controls International

Several large investors have recently added to or reduced their stakes in the business. State Street Corp lifted its position in Johnson Controls International by 2.2% during the 2nd quarter. State Street Corp now owns 28,283,873 shares of the company’s stock worth $4,143,674,000 after buying an additional 621,319 shares in the last quarter. Fisher Asset Management LLC grew its holdings in shares of Johnson Controls International by 1.6% in the 3rd quarter. Fisher Asset Management LLC now owns 10,936,713 shares of the company’s stock valued at $1,625,742,000 after acquiring an additional 167,415 shares in the last quarter. First Trust Advisors LP grew its holdings in shares of Johnson Controls International by 1.3% in the 3rd quarter. First Trust Advisors LP now owns 8,544,179 shares of the company’s stock valued at $1,270,092,000 after acquiring an additional 110,732 shares in the last quarter. Amundi increased its position in shares of Johnson Controls International by 157.2% in the first quarter. Amundi now owns 5,965,212 shares of the company’s stock valued at $781,145,000 after acquiring an additional 3,646,047 shares during the last quarter. Finally, Pictet Asset Management Holding SA increased its position in shares of Johnson Controls International by 0.9% in the second quarter. Pictet Asset Management Holding SA now owns 2,331,718 shares of the company’s stock valued at $340,501,000 after acquiring an additional 20,780 shares during the last quarter. 90.05% of the stock is currently owned by institutional investors and hedge funds.

About Johnson Controls International

Johnson Controls International plc develops building technologies, products and services for commercial, industrial and institutional customers. Its offerings include heating, ventilation and air conditioning (HVAC) equipment, building automation and controls, fire detection and suppression systems, and security solutions. The company also provides maintenance, modernization and other services to help customers manage building operations. Its products and services support facilities such as offices, hospitals, schools, data centers and manufacturing sites.