Stock Traders Buy Large Volume of Johnson Controls International Call Options (JCI)

Johnson Controls International PLC (NYSE:JCI) saw some unusual options trading activity on Tuesday. Investors purchased 22,606 call options on the stock. This is an increase of approximately 3,523% compared to the average volume of 624 call options.

Shares of JCI opened at $35.68 on Thursday. The company has a current ratio of 1.10, a quick ratio of 0.79 and a debt-to-equity ratio of 0.48. The company has a market cap of $33.52 billion, a P/E ratio of 13.80, a PEG ratio of 1.17 and a beta of 0.85. Johnson Controls International has a 1 year low of $32.89 and a 1 year high of $42.60.

Johnson Controls International (NYSE:JCI) last announced its quarterly earnings data on Tuesday, July 31st. The auto parts company reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.02. The business had revenue of $8.12 billion for the quarter, compared to the consensus estimate of $7.96 billion. Johnson Controls International had a net margin of 7.27% and a return on equity of 11.84%. The company’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.71 earnings per share. equities analysts predict that Johnson Controls International will post 2.81 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 12th. Investors of record on Monday, September 24th will be paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 2.91%. The ex-dividend date of this dividend is Friday, September 21st. Johnson Controls International’s payout ratio is 40.00%.

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Royal London Asset Management Ltd. purchased a new position in shares of Johnson Controls International during the second quarter valued at approximately $12,990,000. Harrington Investments INC purchased a new position in shares of Johnson Controls International during the second quarter valued at approximately $685,000. HM Payson & Co. purchased a new position in shares of Johnson Controls International during the second quarter valued at approximately $842,000. City Holding Co. purchased a new position in shares of Johnson Controls International during the second quarter valued at approximately $721,000. Finally, WINTON GROUP Ltd purchased a new position in shares of Johnson Controls International during the second quarter valued at approximately $4,999,000. 92.85% of the stock is currently owned by institutional investors and hedge funds.

Several analysts have issued reports on the stock. Citigroup upped their price target on shares of Johnson Controls International from $45.00 to $46.00 and gave the company a “buy” rating in a report on Thursday, August 2nd. Argus raised shares of Johnson Controls International from a “hold” rating to a “buy” rating in a report on Tuesday, August 21st. Wolfe Research assumed coverage on shares of Johnson Controls International in a report on Wednesday, June 27th. They issued a “market perform” rating on the stock. UBS Group reduced their price target on shares of Johnson Controls International from $46.00 to $44.00 and set a “buy” rating on the stock in a report on Thursday, August 30th. Finally, Zacks Investment Research raised shares of Johnson Controls International from a “sell” rating to a “hold” rating in a report on Thursday, August 2nd. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $41.85.

Johnson Controls International Company Profile

Johnson Controls International plc operates as a diversified technology and multi industrial company worldwide. The company operates through Building Technologies & Solutions and Power Solutions segments. It designs, sells, controls, installs heating, ventilating, and air conditioning systems. The company also provides residential air conditioning and heating systems, and industrial refrigeration products, as well as technical and energy management consulting services.

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