Johnson Controls International PLC (JCI) Lowered to “Hold” at Vertical Research

Vertical Research lowered shares of Johnson Controls International PLC (NYSE:JCI) from a buy rating to a hold rating in a research report sent to investors on Friday morning.

Other research analysts have also issued reports about the stock. Morgan Stanley set a $48.00 price target on shares of Johnson Controls International PLC and gave the company an overweight rating in a research note on Monday, October 2nd. TheStreet raised shares of Johnson Controls International PLC from a c rating to a b rating in a research note on Thursday, July 27th. BidaskClub lowered shares of Johnson Controls International PLC from a sell rating to a strong sell rating in a research note on Friday, August 18th. Zacks Investment Research raised shares of Johnson Controls International PLC from a sell rating to a hold rating in a research note on Tuesday, September 5th. Finally, Oppenheimer Holdings, Inc. reissued a buy rating and issued a $50.00 target price (down from $52.00) on shares of Johnson Controls International PLC in a research note on Tuesday, October 31st. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and eleven have assigned a buy rating to the stock. The stock has a consensus rating of Hold and a consensus price target of $47.79.

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

Johnson Controls International PLC (NYSE:JCI) last posted its earnings results on Thursday, November 9th. The auto parts company reported $0.87 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.87. The business had revenue of $8.14 billion for the quarter, compared to analyst estimates of $8.10 billion. Johnson Controls International PLC had a net margin of 6.32% and a return on equity of 11.91%. The company’s revenue for the quarter was up 30.1% on a year-over-year basis. During the same period in the prior year, the company posted $1.21 EPS. research analysts expect that Johnson Controls International PLC will post 2.84 EPS for the current year.

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

In related news, VP Jeffrey M. Williams sold 1,955 shares of the business’s stock in a transaction on Wednesday, October 11th. The shares were sold at an average price of $41.43, for a total value of $80,995.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.48% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in JCI. Bessemer Group Inc. lifted 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 valued at $110,000 after acquiring an additional 133 shares during the last quarter. Harfst & Associates Inc. lifted its position in Johnson Controls International PLC by 16.9% in the second quarter. Harfst & Associates Inc. now owns 2,691 shares of the auto parts company’s stock valued at $116,000 after acquiring an additional 389 shares during the last quarter. Perigon Wealth Management LLC lifted its position in Johnson Controls International PLC by 171.7% in the second quarter. Perigon Wealth Management LLC now owns 2,663 shares of the auto parts company’s stock valued at $116,000 after acquiring an additional 1,683 shares during the last quarter. Grove Bank & Trust lifted its position in Johnson Controls International PLC by 57.7% in the second quarter. Grove Bank & Trust now owns 2,693 shares of the auto parts company’s stock valued at $117,000 after acquiring an additional 985 shares during the last quarter. Finally, Archford Capital Strategies LLC lifted its position in Johnson Controls International PLC by 5,344.7% in the second quarter. Archford Capital Strategies LLC now owns 8,167 shares of the auto parts company’s stock valued at $124,000 after acquiring an additional 8,017 shares during the last quarter. 86.04% of the stock is owned by hedge funds and other institutional investors.

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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