Johnson Controls International (NYSE:JCI) Reaches New 12-Month High – Should You Buy?

Johnson Controls International plc (NYSE:JCI) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $89.95 and last traded at $89.47, with a volume of 5918901 shares changing hands. The stock had previously closed at $87.65.

Analyst Ratings Changes

Several equities research analysts have recently commented on JCI shares. UBS Group upgraded shares of Johnson Controls International from a “neutral” rating to a “buy” rating and boosted their target price for the company from $90.00 to $103.00 in a research note on Monday. Morgan Stanley boosted their price target on shares of Johnson Controls International from $95.00 to $105.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Robert W. Baird raised their price objective on shares of Johnson Controls International from $80.00 to $85.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Oppenheimer boosted their target price on Johnson Controls International from $86.00 to $87.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Finally, Argus raised Johnson Controls International from a “hold” rating to a “buy” rating and set a $88.00 price target for the company in a report on Friday, December 20th. Eight investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $91.13.

Johnson Controls International Stock Down 0.2 %

The firm has a 50 day moving average price of $81.18 and a 200-day moving average price of $77.38. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.02 and a quick ratio of 0.79. The firm has a market cap of $58.77 billion, a price-to-earnings ratio of 33.98, a price-to-earnings-growth ratio of 2.48 and a beta of 1.32.

Johnson Controls International (NYSE:JCI) last released its earnings results on Wednesday, February 5th. The company reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.59 by $0.05. Johnson Controls International had a net margin of 6.83% and a return on equity of 15.11%. As a group, equities analysts predict that Johnson Controls International plc will post 3.52 EPS for the current fiscal year.

Johnson Controls International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Monday, December 23rd were issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 1.66%. The ex-dividend date of this dividend was Monday, December 23rd. Johnson Controls International’s dividend payout ratio is presently 56.49%.

Insider Buying and Selling at Johnson Controls International

In related news, CEO George Oliver sold 110,616 shares of the company’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $84.60, for a total value of $9,358,113.60. Following the completion of the sale, the chief executive officer now owns 1,244,617 shares in the company, valued at approximately $105,294,598.20. This represents a 8.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Marlon Sullivan sold 7,230 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $83.35, for a total value of $602,620.50. Following the transaction, the executive vice president now owns 32,246 shares in the company, valued at approximately $2,687,704.10. This trade represents a 18.31 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,061,494 shares of company stock worth $90,587,400. Insiders own 0.54% of the company’s stock.

Institutional Investors Weigh In On Johnson Controls International

Large investors have recently bought and sold shares of the company. Compass Financial Services Inc bought a new position in shares of Johnson Controls International during the fourth quarter worth $26,000. SBI Securities Co. Ltd. acquired a new stake in Johnson Controls International during the 4th quarter worth $29,000. Fortitude Family Office LLC lifted its holdings in Johnson Controls International by 195.8% during the third quarter. Fortitude Family Office LLC now owns 420 shares of the company’s stock worth $33,000 after acquiring an additional 278 shares in the last quarter. Wolff Wiese Magana LLC grew its stake in Johnson Controls International by 977.3% in the third quarter. Wolff Wiese Magana LLC now owns 474 shares of the company’s stock valued at $37,000 after acquiring an additional 430 shares during the period. Finally, Crowley Wealth Management Inc. bought a new stake in shares of Johnson Controls International in the fourth quarter worth about $42,000. Institutional investors own 90.05% of the company’s stock.

Johnson Controls International Company Profile

Johnson Controls International plc, together with its subsidiaries, engages in engineering, manufacturing, commissioning, and retrofitting building products and systems in the United States, Europe, the Asia Pacific, and internationally. It operates in four segments: Building Solutions North America, Building Solutions EMEA/LA, Building Solutions Asia Pacific, and Global Products.