Johnson Controls International plc Ordinary Share (JCI) Lowered to “C+” at TheStreet

TheStreet lowered shares of Johnson Controls International plc Ordinary Share (NYSE:JCI) from a b rating to a c+ rating in a report published on Monday morning.

JCI has been the topic of a number of other reports. Citigroup reissued a buy rating and set a $50.00 price target (up from $47.00) on shares of Johnson Controls International plc Ordinary Share in a research note on Monday, October 9th. Cowen reissued an outperform rating and set a $48.00 price target on shares of Johnson Controls International plc Ordinary Share in a research note on Monday, August 21st. Goldman Sachs Group lowered Johnson Controls International plc Ordinary Share from a neutral rating to a sell rating and lifted their price target for the company from $37.36 to $44.00 in a research note on Thursday, December 7th. 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. Finally, Robert W. Baird lowered their price objective on Johnson Controls International plc Ordinary Share from $50.00 to $48.00 and set an outperform rating for the company in a research report on Friday, November 10th. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and nine have issued a buy rating to the company. Johnson Controls International plc Ordinary Share presently has a consensus rating of Hold and a consensus target price of $47.77.

Shares of Johnson Controls International plc Ordinary Share (NYSE:JCI) opened at $37.46 on Monday. Johnson Controls International plc Ordinary Share has a 12 month low of $34.51 and a 12 month high of $44.70. The company has a market capitalization of $34,713.07, a PE ratio of 14.37, a PEG ratio of 1.02 and a beta of 0.90. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.77 and a current ratio of 1.04.

Johnson Controls International plc Ordinary Share (NYSE:JCI) last announced its quarterly earnings results on Thursday, November 9th. The auto parts company reported $0.87 EPS for the quarter, meeting 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 for the quarter, compared to analyst estimates of $8.10 billion. During the same period last year, the firm posted $1.21 earnings per share. The business’s revenue for the quarter was up 30.1% on a year-over-year basis. sell-side analysts anticipate that Johnson Controls International plc Ordinary Share will post 2.78 EPS for the current fiscal year.

Johnson Controls International plc Ordinary Share declared that its Board of Directors has initiated a share buyback program on Thursday, December 7th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the auto parts company to purchase shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 12th. Stockholders of record on Monday, December 18th will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.78%. This is an increase from Johnson Controls International plc Ordinary Share’s previous quarterly dividend of $0.25. The ex-dividend date is Friday, December 15th. Johnson Controls International plc Ordinary Share’s dividend payout ratio (DPR) is 51.23%.

In other Johnson Controls International plc Ordinary Share news, VP William C. Jackson bought 20,000 shares of the stock in a transaction on Tuesday, November 21st. The stock was acquired at an average cost of $36.00 per share, for a total transaction of $720,000.00. Following the completion of the acquisition, the vice president now owns 286,842 shares in the company, valued at approximately $10,326,312. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO George Oliver bought 27,300 shares of the stock in a transaction on Friday, November 24th. The stock was acquired at an average price of $36.80 per share, with a total value of $1,004,640.00. Following the completion of the acquisition, the chief executive officer now owns 634,732 shares of the company’s stock, valued at approximately $23,358,137.60. The disclosure for this purchase can be found here. 1.50% of the stock is owned by company insiders.

Hedge funds have recently modified their holdings of the business. Bessemer Group Inc. increased its holdings in Johnson Controls International plc Ordinary Share 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 in the last quarter. Perigon Wealth Management LLC increased its holdings in Johnson Controls International plc Ordinary Share by 171.7% in the second quarter. Perigon Wealth Management LLC now owns 2,663 shares of the auto parts company’s stock worth $116,000 after purchasing an additional 1,683 shares in the last quarter. Harfst & Associates Inc. increased its holdings in Johnson Controls International plc Ordinary Share by 16.9% in the second quarter. Harfst & Associates Inc. now owns 2,691 shares of the auto parts company’s stock worth $116,000 after purchasing an additional 389 shares in the last quarter. Balentine LLC increased its holdings in shares of Johnson Controls International plc Ordinary Share by 82.0% during the third quarter. Balentine LLC now owns 3,307 shares of the auto parts company’s stock valued at $133,000 after acquiring an additional 1,490 shares in the last quarter. Finally, Bronfman E.L. Rothschild L.P. increased its holdings in shares of Johnson Controls International plc Ordinary Share by 43.2% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 3,882 shares of the auto parts company’s stock valued at $168,000 after acquiring an additional 1,171 shares in the last quarter. Institutional investors and hedge funds own 89.78% of the company’s stock.

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Johnson Controls International plc Ordinary Share Company Profile

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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