Johnson Controls International plc Ordinary Share (JCI) Receives $46.85 Consensus PT from Analysts

Shares of Johnson Controls International plc Ordinary Share (NYSE:JCI) have received a consensus recommendation of “Hold” from the twenty-three ratings firms that are presently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, twelve have given a hold recommendation and eight have given a buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $46.85.

A number of equities analysts have issued reports on the company. Oppenheimer reiterated a “buy” rating and set a $50.00 price target (down previously from $52.00) on shares of Johnson Controls International plc Ordinary Share in a research note on Tuesday, October 31st. JMP Securities set a $50.00 price target on Johnson Controls International plc Ordinary Share and gave the company a “buy” rating in a research note on Monday, October 23rd. Citigroup reiterated a “buy” rating and set a $50.00 price target (up previously from $47.00) on shares of Johnson Controls International plc Ordinary Share in a research note on Monday, October 9th. Cowen reiterated a “buy” rating and set a $48.00 price target on shares of Johnson Controls International plc Ordinary Share in a research note on Thursday, November 9th. Finally, Robert W. Baird downgraded Johnson Controls International plc Ordinary Share from an “outperform” rating to a “neutral” rating and cut their price target for the company from $48.00 to $42.00 in a research note on Friday, January 5th.

Johnson Controls International plc Ordinary Share (JCI) traded down $0.60 during mid-day trading on Friday, reaching $38.93. The company’s stock had a trading volume of 839,948 shares, compared to its average volume of 6,802,534. The firm has a market cap of $36,610.00, a P/E ratio of 25.08, a P/E/G ratio of 1.31 and a beta of 0.81. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.11 and a quick ratio of 0.80. Johnson Controls International plc Ordinary Share has a fifty-two week low of $34.51 and a fifty-two week high of $44.37.

Johnson Controls International plc Ordinary Share (NYSE:JCI) last released its quarterly earnings results on Wednesday, January 31st. The auto parts company reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.03. The business had revenue of $7.44 billion during the quarter, compared to the consensus estimate of $7.19 billion. Johnson Controls International plc Ordinary Share had a return on equity of 11.73% and a net margin of 5.92%. The company’s quarterly revenue was up 4.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.53 EPS. equities research analysts expect that Johnson Controls International plc Ordinary Share will post 2.79 earnings per share for the current year.

Johnson Controls International plc Ordinary Share declared that its board has approved a stock buyback program on Thursday, December 7th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the auto parts company to reacquire shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

The company also recently announced a quarterly dividend, which was paid on Friday, January 12th. Shareholders of record on Monday, December 18th were given a dividend of $0.26 per share. The ex-dividend date of this dividend was Friday, December 15th. This represents a $1.04 annualized dividend and a dividend yield of 2.67%. This is a boost from Johnson Controls International plc Ordinary Share’s previous quarterly dividend of $0.25. Johnson Controls International plc Ordinary Share’s dividend payout ratio (DPR) is currently 66.24%.

In related news, VP William C. Jackson purchased 20,000 shares of the stock in a transaction that occurred on Tuesday, November 21st. The shares were bought at an average price of $36.00 per share, with a total value of $720,000.00. Following the acquisition, the vice president now owns 286,842 shares of the company’s stock, valued at approximately $10,326,312. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP Jeffrey M. Williams sold 27,734 shares of Johnson Controls International plc Ordinary Share stock in a transaction that occurred on Thursday, January 4th. The stock was sold at an average price of $40.00, for a total transaction of $1,109,360.00. Following the completion of the sale, the vice president now directly owns 201,961 shares in the company, valued at approximately $8,078,440. The disclosure for this sale can be found here. In the last three months, insiders have acquired 59,300 shares of company stock worth $2,161,560. Insiders own 0.43% of the company’s stock.

Several large investors have recently bought and sold shares of the stock. Westside Investment Management Inc. raised its holdings in shares of Johnson Controls International plc Ordinary Share by 1.9% in the 2nd quarter. Westside Investment Management Inc. now owns 18,423 shares of the auto parts company’s stock worth $799,000 after purchasing an additional 342 shares during the period. National Asset Management Inc. raised its holdings in shares of Johnson Controls International plc Ordinary Share by 2.1% in the 2nd quarter. National Asset Management Inc. now owns 34,736 shares of the auto parts company’s stock worth $1,507,000 after purchasing an additional 700 shares during the period. Bank of Nova Scotia raised its holdings in shares of Johnson Controls International plc Ordinary Share by 4.5% in the 2nd quarter. Bank of Nova Scotia now owns 22,786 shares of the auto parts company’s stock worth $988,000 after purchasing an additional 980 shares during the period. Synovus Financial Corp raised its holdings in shares of Johnson Controls International plc Ordinary Share by 21.8% in the 3rd quarter. Synovus Financial Corp now owns 7,592 shares of the auto parts company’s stock worth $307,000 after purchasing an additional 1,359 shares during the period. Finally, NWQ Investment Management Company LLC raised its holdings in shares of Johnson Controls International plc Ordinary Share by 0.3% in the 3rd quarter. NWQ Investment Management Company LLC now owns 436,495 shares of the auto parts company’s stock worth $17,586,000 after purchasing an additional 1,400 shares during the period. 89.61% of the stock is currently owned by institutional investors.

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Johnson Controls International plc Ordinary Share Company Profile

Johnson Controls, Inc is a technology company. The Company provides products, services and solutions to optimize energy and operational efficiencies of buildings; lead-acid automotive batteries and advanced batteries for hybrid and electric vehicles, and seating and interior systems for automobiles. The Company operates in two segments: Building Efficiency and Power Solutions.

Analyst Recommendations for Johnson Controls International plc Ordinary Share (NYSE:JCI)

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