Johnson Controls International (NYSE:JCI) Hits New 12-Month High – Here’s What Happened

Johnson Controls International plc (NYSE:JCI)’s share price hit a new 52-week high on Monday . The company traded as high as $149.23 and last traded at $147.6530, with a volume of 261481 shares traded. The stock had previously closed at $144.96.

Analysts Set New Price Targets

A number of analysts have recently weighed in on JCI shares. UBS Group upped their price target on shares of Johnson Controls International from $170.00 to $180.00 and gave the stock a “buy” rating in a report on Tuesday, June 2nd. HSBC upped their price target on shares of Johnson Controls International from $127.00 to $136.00 in a report on Thursday, May 7th. Barclays upped their price target on shares of Johnson Controls International from $136.00 to $144.00 and gave the stock an “equal weight” rating in a report on Thursday, May 7th. Morgan Stanley upped their price target on shares of Johnson Controls International from $140.00 to $175.00 and gave the stock an “overweight” rating in a report on Tuesday, June 9th. Finally, Evercore assumed coverage on Johnson Controls International in a research report on Monday, April 13th. They set a “hold” rating and a $155.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Johnson Controls International has a consensus rating of “Moderate Buy” and an average target price of $152.85.

Johnson Controls International Stock Performance

The firm has a market cap of $88.71 billion, a P/E ratio of 26.01, a P/E/G ratio of 1.57 and a beta of 1.32. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.85 and a current ratio of 1.04. The company’s 50 day moving average is $140.92 and its 200 day moving average is $131.27.

Johnson Controls International (NYSE:JCI) last issued its quarterly earnings data on Tuesday, March 31st. The company reported $1.19 EPS for the quarter. The business had revenue of $6.14 billion during the quarter. Johnson Controls International had a net margin of 14.45% and a return on equity of 19.50%. As a group, equities analysts predict that Johnson Controls International plc will post 4.89 earnings per share for the current fiscal year.

Johnson Controls International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Monday, June 15th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $1.60 annualized dividend and a yield of 1.1%. Johnson Controls International’s dividend payout ratio is presently 28.62%.

Insider Activity

In other Johnson Controls International news, VP Todd M. Grabowski sold 1,800 shares of the stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $146.20, for a total value of $263,160.00. Following the completion of the transaction, the vice president directly owned 26,215 shares in the company, valued at approximately $3,832,633. This trade represents a 6.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Lei Zhang Schlitz sold 88,809 shares of the stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $140.99, for a total value of $12,521,180.91. Following the completion of the transaction, the vice president owned 57,059 shares of the company’s stock, valued at $8,044,748.41. This represents a 60.88% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.29% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Johnson Controls International

Hedge funds have recently added to or reduced their stakes in the business. Strategic Investment Advisors MI raised its stake in shares of Johnson Controls International by 1.5% during the fourth quarter. Strategic Investment Advisors MI now owns 5,389 shares of the company’s stock valued at $645,000 after acquiring an additional 78 shares during the last quarter. UMB Bank n.a. raised its stake in shares of Johnson Controls International by 2.5% during the fourth quarter. UMB Bank n.a. now owns 3,261 shares of the company’s stock valued at $391,000 after acquiring an additional 79 shares during the last quarter. Lcnb Corp raised its stake in shares of Johnson Controls International by 4.0% during the fourth quarter. Lcnb Corp now owns 2,094 shares of the company’s stock valued at $251,000 after acquiring an additional 81 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC raised its stake in shares of Johnson Controls International by 6.9% during the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 1,257 shares of the company’s stock valued at $165,000 after acquiring an additional 81 shares during the last quarter. Finally, Catalyst Financial Partners LLC raised its stake in shares of Johnson Controls International by 2.5% during the third quarter. Catalyst Financial Partners LLC now owns 3,398 shares of the company’s stock valued at $374,000 after acquiring an additional 84 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 is a global diversified technology and multi‑industrial company that develops products, services and solutions for buildings and energy storage. The company’s core focus is on improving building efficiency, safety and sustainability through a combination of HVAC equipment, building controls and automation, fire and security systems, and related services. Johnson Controls traces its roots to 1885, when inventor Warren S. Johnson developed an electric room thermostat; over its long history the company has expanded from controls into a broad set of building‑related technologies and, through corporate transactions, into a global provider of integrated building solutions.

Johnson Controls’ product and service portfolio includes heating, ventilation and air‑conditioning equipment, chillers, air handlers and related mechanical systems, together with building automation and control platforms that monitor and manage energy use, indoor environmental quality and security.