TheStreet Lowers Johnson Controls International plc Ordinary Share (NYSE:JCI) to C+

TheStreet cut shares of Johnson Controls International plc Ordinary Share (NYSE:JCI) from a b rating to a c+ rating in a research report report published on Monday, December 18th.

Other research analysts also recently issued reports about the company. Morgan Stanley set a $48.00 target price on Johnson Controls International plc Ordinary Share and gave the stock an overweight rating in a research note on Monday, October 2nd. Oppenheimer reaffirmed a buy rating and set a $50.00 target price (down from $52.00) on shares of Johnson Controls International plc Ordinary Share in a research note on Tuesday, October 31st. Zacks Investment Research raised Johnson Controls International plc Ordinary Share from a sell rating to a hold rating in a research note on Tuesday, September 5th. Vertical Research downgraded Johnson Controls International plc Ordinary Share from a buy rating to a hold rating in a research note on Friday, November 10th. Finally, Goldman Sachs Group downgraded Johnson Controls International plc Ordinary Share from a neutral rating to a sell rating and upped their target price for the stock from $37.36 to $44.00 in a research note on Thursday, December 7th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have given a buy rating to the stock. The stock presently has an average rating of Hold and an average price target of $47.31.

Shares of Johnson Controls International plc Ordinary Share (NYSE JCI) traded up $0.50 during mid-day trading on Monday, hitting $39.56. The stock had a trading volume of 3,519,800 shares, compared to its average volume of 5,970,000. Johnson Controls International plc Ordinary Share has a 1-year low of $34.51 and a 1-year high of $44.70. The stock has a market capitalization of $36,150.00, a price-to-earnings ratio of 23.13, a price-to-earnings-growth ratio of 1.03 and a beta of 0.90. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.04 and a quick ratio of 0.77.

Johnson Controls International plc Ordinary Share (NYSE:JCI) last released its earnings results on Thursday, November 9th. The auto parts company reported $0.87 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.87. Johnson Controls International plc Ordinary Share had a return on equity of 11.91% and a net margin of 6.32%. The firm had revenue of $8.14 billion during the quarter, compared to the consensus estimate of $8.10 billion. During the same quarter in the previous year, the company posted $1.21 earnings per share. The company’s revenue was up 30.1% compared to the same quarter last year. equities analysts expect that Johnson Controls International plc Ordinary Share will post 2.8 earnings per share for the current year.

Johnson Controls International plc Ordinary Share declared that its Board of Directors has approved a stock buyback plan on Thursday, December 7th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the auto parts company to buy shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s leadership believes its stock is undervalued.

The business also recently announced a quarterly dividend, which will be paid on Friday, January 12th. Shareholders of record on Monday, December 18th will be issued a $0.26 dividend. This is a boost from Johnson Controls International plc Ordinary Share’s previous quarterly dividend of $0.25. This represents a $1.04 annualized dividend and a yield of 2.63%. The ex-dividend date of this dividend is Friday, December 15th. Johnson Controls International plc Ordinary Share’s dividend payout ratio is presently 60.82%.

In other news, VP William C. Jackson bought 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 21st. The shares were purchased at an average price of $36.00 per share, with a total value of $720,000.00. Following the purchase, the vice president now owns 286,842 shares in the company, valued at $10,326,312. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO George Oliver bought 27,300 shares of the firm’s stock in a transaction that occurred on Friday, November 24th. The shares were purchased at an average cost of $36.80 per share, for a total transaction of $1,004,640.00. Following the purchase, the chief executive officer now owns 634,732 shares in the company, valued at approximately $23,358,137.60. The disclosure for this purchase can be found here. In the last ninety days, insiders bought 59,300 shares of company stock worth $2,161,560. Corporate insiders own 1.50% of the company’s stock.

A number of hedge funds have recently bought and sold shares of JCI. Bessemer Group Inc. raised its position in Johnson Controls International plc Ordinary Share by 5.5% in the 2nd quarter. Bessemer Group Inc. now owns 2,550 shares of the auto parts company’s stock valued at $110,000 after purchasing an additional 133 shares in the last quarter. Canada Pension Plan Investment Board raised its position in Johnson Controls International plc Ordinary Share by 433.2% in the 2nd quarter. Canada Pension Plan Investment Board now owns 72,728 shares of the auto parts company’s stock valued at $3,153,000 after purchasing an additional 59,088 shares in the last quarter. First Trust Advisors LP raised its position in Johnson Controls International plc Ordinary Share by 494.7% in the 2nd quarter. First Trust Advisors LP now owns 64,526 shares of the auto parts company’s stock valued at $2,798,000 after purchasing an additional 53,675 shares in the last quarter. Blair William & Co. IL raised its position in Johnson Controls International plc Ordinary Share by 1.4% in the 2nd quarter. Blair William & Co. IL now owns 63,777 shares of the auto parts company’s stock valued at $2,765,000 after purchasing an additional 862 shares in the last quarter. Finally, Federated Investors Inc. PA raised its position in Johnson Controls International plc Ordinary Share by 368.6% in the 2nd quarter. Federated Investors Inc. PA now owns 73,435 shares of the auto parts company’s stock valued at $3,184,000 after purchasing an additional 57,764 shares in the last quarter. 89.76% of the stock is currently owned by institutional investors.

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About Johnson Controls International plc Ordinary Share

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 Ordinary Share (NYSE:JCI)

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