Deutsche Bank Aktiengesellschaft restated their hold rating on shares of Johnson Controls International (NYSE:JCI – Free Report) in a research report report published on Wednesday morning, MarketBeat reports. The firm currently has a $60.00 price objective on the stock, down from their prior price objective of $65.00.
Other equities analysts have also issued reports about the company. StockNews.com lowered Johnson Controls International from a buy rating to a hold rating in a research report on Thursday, January 25th. TheStreet upgraded Johnson Controls International from a c+ rating to a b- rating in a research report on Tuesday, December 26th. UBS Group reduced their price objective on Johnson Controls International from $80.00 to $74.00 and set a buy rating on the stock in a research report on Tuesday, October 10th. Citigroup increased their price objective on Johnson Controls International from $58.00 to $61.00 and gave the company a neutral rating in a research report on Monday, December 11th. Finally, Royal Bank of Canada lowered Johnson Controls International from a sector perform rating to an underperform rating and reduced their price objective for the company from $54.00 to $50.00 in a research report on Friday, January 12th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, Johnson Controls International presently has an average rating of Hold and an average target price of $62.64.
Johnson Controls International Price Performance
Johnson Controls International (NYSE:JCI – Get Free Report) last announced its earnings results on Tuesday, January 30th. The company reported $0.51 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.51. The business had revenue of $6.09 billion for the quarter, compared to analyst estimates of $6.94 billion. Johnson Controls International had a return on equity of 13.08% and a net margin of 7.85%. The company’s quarterly revenue was up .4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.67 EPS. As a group, equities analysts anticipate that Johnson Controls International will post 3.66 EPS for the current fiscal year.
Johnson Controls International Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 12th. Shareholders of record on Monday, December 18th were issued a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 2.81%. The ex-dividend date of this dividend was Friday, December 15th. Johnson Controls International’s dividend payout ratio (DPR) is currently 48.21%.
Insiders Place Their Bets
In other Johnson Controls International news, CEO George Oliver sold 103,332 shares of the stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $52.30, for a total value of $5,404,263.60. Following the completion of the sale, the chief executive officer now owns 980,403 shares in the company, valued at approximately $51,275,076.90. The transaction was disclosed in a document filed with the SEC, which is available at this link. In the last 90 days, insiders sold 103,892 shares of company stock worth $5,435,042. 0.69% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On Johnson Controls International
Several institutional investors and hedge funds have recently bought and sold shares of JCI. Norges Bank purchased a new stake in Johnson Controls International in the 4th quarter worth approximately $419,897,000. Morgan Stanley lifted its stake in shares of Johnson Controls International by 40.7% in the 4th quarter. Morgan Stanley now owns 9,990,590 shares of the company’s stock valued at $639,398,000 after purchasing an additional 2,890,395 shares during the period. Raymond James & Associates lifted its stake in shares of Johnson Controls International by 405.1% in the 2nd quarter. Raymond James & Associates now owns 3,232,338 shares of the company’s stock valued at $220,251,000 after purchasing an additional 2,592,448 shares during the period. abrdn plc lifted its stake in shares of Johnson Controls International by 100.6% in the 2nd quarter. abrdn plc now owns 4,558,835 shares of the company’s stock valued at $310,639,000 after purchasing an additional 2,286,227 shares during the period. Finally, Qube Research & Technologies Ltd lifted its stake in shares of Johnson Controls International by 178.1% in the 3rd quarter. Qube Research & Technologies Ltd now owns 2,287,801 shares of the company’s stock valued at $121,734,000 after purchasing an additional 1,465,136 shares during the period. Hedge funds and other institutional investors own 88.64% 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.
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