Johnson Controls International PLC’s (JCI) “Hold” Rating Reaffirmed at Vertical Group

Vertical Group reissued their hold rating on shares of Johnson Controls International PLC (NYSE:JCI) in a report released on Friday.

A number of other research firms have also recently weighed in on JCI. Oppenheimer Holdings, Inc. restated a buy rating and issued a $50.00 price target (down previously from $52.00) on shares of Johnson Controls International PLC in a research note on Tuesday, October 31st. JMP Securities set a $50.00 price target on Johnson Controls International PLC and gave the company a buy rating in a research note on Monday, October 23rd. Citigroup Inc. reiterated a buy rating and set a $50.00 price objective (up previously from $47.00) on shares of Johnson Controls International PLC in a research report on Monday, October 9th. Cowen and Company reiterated a buy rating and set a $48.00 price objective on shares of Johnson Controls International PLC in a research report on Thursday. Finally, Morgan Stanley set a $48.00 price objective on Johnson Controls International PLC and gave the stock an overweight rating in a research report on Monday, October 2nd. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and eleven have issued a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average price target of $47.79.

Johnson Controls International PLC (NYSE JCI) traded down $1.58 during midday trading on Friday, hitting $36.93. The stock had a trading volume of 13,793,600 shares, compared to its average volume of 4,223,501. The firm has a market cap of $34,433.50, a P/E ratio of 14.15, a PEG ratio of 1.00 and a beta of 0.94. The company has a current ratio of 1.04, a quick ratio of 0.92 and a debt-to-equity ratio of 0.56. Johnson Controls International PLC has a 12 month low of $36.48 and a 12 month high of $46.17.

Johnson Controls International PLC (NYSE:JCI) last released its quarterly earnings data on Thursday, November 9th. The auto parts company reported $0.87 EPS for the quarter, meeting the consensus estimate of $0.87. Johnson Controls International PLC had a return on equity of 11.91% and a net margin of 6.32%. The company had revenue of $8.14 billion during the quarter, compared to the consensus estimate of $8.10 billion. During the same quarter in the prior year, the firm posted $1.21 EPS. The firm’s revenue for the quarter was up 30.1% compared to the same quarter last year. equities analysts predict that Johnson Controls International PLC will post 2.84 EPS for the current fiscal year.

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The business also recently announced a quarterly dividend, which was paid on Friday, October 13th. Investors of record on Monday, September 25th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, September 22nd. This represents a $1.00 annualized dividend and a dividend yield of 2.71%. Johnson Controls International PLC’s payout ratio is 49.26%.

In related news, VP Jeffrey M. Williams sold 1,955 shares of Johnson Controls International PLC stock in a transaction that occurred on Wednesday, October 11th. The stock was sold at an average price of $41.43, for a total transaction of $80,995.65. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.48% of the stock is owned by insiders.

A number of hedge funds have recently bought and sold shares of the business. First Interstate Bank boosted its position in Johnson Controls International PLC by 0.9% in the second quarter. First Interstate Bank now owns 7,069 shares of the auto parts company’s stock worth $307,000 after purchasing an additional 62 shares during the last quarter. Stanley Laman Group Ltd. boosted its position in Johnson Controls International PLC by 0.6% in the second quarter. Stanley Laman Group Ltd. now owns 11,410 shares of the auto parts company’s stock worth $495,000 after purchasing an additional 63 shares during the last quarter. River Wealth Advisors LLC boosted its position in Johnson Controls International PLC by 1.1% in the second quarter. River Wealth Advisors LLC now owns 11,070 shares of the auto parts company’s stock worth $480,000 after purchasing an additional 117 shares during the last quarter. Bessemer Group Inc. boosted its position in Johnson Controls International PLC by 5.5% in the second quarter. Bessemer Group Inc. now owns 2,550 shares of the auto parts company’s stock worth $110,000 after purchasing an additional 133 shares during the last quarter. Finally, Farmers & Merchants Trust Co of Chambersburg PA boosted its position in Johnson Controls International PLC by 0.8% in the second quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 18,386 shares of the auto parts company’s stock worth $797,000 after purchasing an additional 140 shares during the last quarter. 86.04% of the stock is currently owned by institutional investors and hedge funds.

About Johnson Controls International PLC

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 (NYSE:JCI)

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