Johnson Controls International (NYSE:JCI) Now Covered by Analysts at JPMorgan Chase & Co.

JPMorgan Chase & Co. started coverage on shares of Johnson Controls International (NYSE:JCI) in a research note published on Wednesday. The brokerage issued a neutral rating and a $160.00 price target on the stock.

Several other brokerages have also commented on JCI. Evercore set a $170.00 price objective on Johnson Controls International in a report on Wednesday, October 28th. Argus set a $175.00 target price on Johnson Controls International in a research note on Friday, August 7th. Weiss Ratings lowered Johnson Controls International from a “buy (a)” rating to a “buy (a-)” rating in a research report on Monday. Wells Fargo & Company increased their target price on Johnson Controls International from $186.00 to $200.00 and gave the company an “overweight” rating in a research report on Wednesday, October 28th. Finally, Wall Street Zen cut shares of Johnson Controls International from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Johnson Controls International currently has an average rating of “Hold” and an average price target of $166.76.

Johnson Controls International Price Performance

NYSE:JCI opened at $144.77 on Wednesday. Johnson Controls International has a 52 week low of $108.41 and a 52 week high of $160.41. The company has a quick ratio of 0.75, a current ratio of 0.90 and a debt-to-equity ratio of 0.55. The stock has a market capitalization of $87.69 billion, a PE ratio of 30.93, a price-to-earnings-growth ratio of 1.44 and a beta of 1.27. The stock’s 50-day moving average price is $147.32 and its 200-day moving average price is $141.89.

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

Johnson Controls International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 16th. Investors of record on Monday, September 21st were paid a $0.40 dividend. The ex-dividend date of this dividend was Monday, September 21st. This represents a $1.60 dividend on an annualized basis and a yield of 1.1%. Johnson Controls International’s dividend payout ratio (DPR) is currently 34.19%.

Insider Transactions at Johnson Controls International

In related news, Director Juergen Tinggren sold 4,000 shares of Johnson Controls International stock in a transaction dated Wednesday, October 28th. The stock was sold at an average price of $159.19, for a total value of $636,760.00. Following the sale, the director directly owned 27,236 shares in the company, valued at approximately $4,335,698.84. The trade was a 12.81% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.29% of the company’s stock.

Institutional Investors Weigh In On Johnson Controls International

Large investors have recently bought and sold shares of the company. Private Wealth Asset Management LLC increased its position in shares of Johnson Controls International by 1,231.5% during the third quarter. Private Wealth Asset Management LLC now owns 6,977 shares of the company’s stock worth $1,037,000 after purchasing an additional 6,453 shares in the last quarter. Alteri Wealth LLC lifted its holdings in Johnson Controls International by 32.9% in the 3rd quarter. Alteri Wealth LLC now owns 6,183 shares of the company’s stock valued at $919,000 after purchasing an additional 1,531 shares in the last quarter. Private Advisor Group LLC lifted its holdings in Johnson Controls International by 44.5% in the 3rd quarter. Private Advisor Group LLC now owns 31,248 shares of the company’s stock valued at $4,645,000 after purchasing an additional 9,624 shares in the last quarter. Focus Advisor Solutions LLC boosted its stake in Johnson Controls International by 79.0% during the 3rd quarter. Focus Advisor Solutions LLC now owns 40,200 shares of the company’s stock worth $5,976,000 after purchasing an additional 17,744 shares during the last quarter. Finally, Independent Advisor Alliance boosted its stake in Johnson Controls International by 0.7% during the 3rd quarter. Independent Advisor Alliance now owns 17,701 shares of the company’s stock worth $2,608,000 after purchasing an additional 128 shares during the last quarter. 90.05% of the stock is currently owned by hedge funds and other institutional investors.

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.