Johnson Controls International (NYSE:JCI) Share Price Crosses Above 50-Day Moving Average – Here’s What Happened

Shares of Johnson Controls International plc (NYSE:JCI) passed above its fifty day moving average during trading on Tuesday. The stock has a fifty day moving average of $147.56 and traded as high as $151.20. Johnson Controls International shares last traded at $149.7180, with a volume of 3,222,808 shares trading hands.

Wall Street Analyst Weigh In

JCI has been the subject of a number of recent research reports. Mizuho increased their price objective on Johnson Controls International from $150.00 to $165.00 and gave the stock a “neutral” rating in a research report on Thursday, October 15th. UBS Group reaffirmed a “buy” rating on shares of Johnson Controls International in a report on Wednesday, October 28th. BNP Paribas Exane raised their price target on Johnson Controls International from $130.00 to $145.00 and gave the company an “underperform” rating in a research report on Wednesday, October 28th. Evercore set a $170.00 price objective on Johnson Controls International in a research report on Wednesday, October 28th. Finally, The Goldman Sachs Group upped their target price on shares of Johnson Controls International from $186.00 to $191.00 and gave the company a “buy” rating in a report on Wednesday, September 30th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $166.86.

Johnson Controls International Stock Up 2.2%

The stock has a market cap of $90.69 billion, a price-to-earnings ratio of 31.99, a PEG ratio of 1.15 and a beta of 1.27. 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 fifty day moving average of $147.56 and a two-hundred day moving average of $141.15.

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

Johnson Controls International Announces Dividend

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

Insiders Place Their Bets

In other Johnson Controls International news, Director Juergen Tinggren sold 4,000 shares of the company’s 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 owned 27,236 shares in the company, valued at $4,335,698.84. This represents a 12.81% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.29% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Johnson Controls International

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. NBH Bank acquired a new stake in Johnson Controls International during the 2nd quarter valued at approximately $29,000. Signature Equity Partners LLC increased its holdings in Johnson Controls International by 96.2% during the 3rd quarter. Signature Equity Partners LLC now owns 206 shares of the company’s stock worth $31,000 after purchasing an additional 101 shares during the last quarter. Virginia Estate & Retirement Planning Advisors Inc. purchased a new stake in Johnson Controls International during the 3rd quarter worth approximately $33,000. Fourth Dimension Wealth LLC raised its position in shares of Johnson Controls International by 51.3% in the 2nd quarter. Fourth Dimension Wealth LLC now owns 230 shares of the company’s stock valued at $34,000 after purchasing an additional 78 shares in the last quarter. Finally, First Bancorp Inc ME acquired a new position in shares of Johnson Controls International in the 2nd quarter valued at approximately $34,000. 90.05% of the stock is owned by hedge funds and other institutional investors.

Johnson Controls International Company Profile

Johnson Controls International plc (NYSE:JCI) is a global provider of building technology, products and services. The company helps customers design, operate and maintain efficient, healthy and secure buildings through solutions for heating, ventilation and air conditioning, building automation, energy management, fire detection and suppression, and physical security.

Its portfolio includes building controls and digital management platforms, HVAC equipment, chillers, air-handling systems, fire and security technologies, and related services.