Johnson Controls International Sees Unusually Large Options Volume (NYSE:JCI)

Johnson Controls International plc (NYSE:JCIGet Free Report) was the recipient of unusually large options trading on Wednesday. Traders acquired 19,207 call options on the company. This is an increase of approximately 1,963% compared to the average daily volume of 931 call options.

Johnson Controls International Stock Performance

NYSE JCI opened at $65.55 on Thursday. The stock has a 50-day simple moving average of $59.34 and a two-hundred day simple moving average of $55.55. The firm has a market capitalization of $44.67 billion, a P/E ratio of 21.35, a PEG ratio of 1.63 and a beta of 1.24. Johnson Controls International has a fifty-two week low of $47.90 and a fifty-two week high of $70.43. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.73 and a current ratio of 0.97.

Johnson Controls International (NYSE:JCIGet Free Report) last released its quarterly earnings data on Tuesday, January 30th. The company reported $0.51 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.51. Johnson Controls International had a return on equity of 13.08% and a net margin of 7.85%. The business had revenue of $6.09 billion during the quarter, compared to analyst estimates of $6.94 billion. During the same quarter last year, the business posted $0.67 EPS. The company’s revenue was up .4% on a year-over-year basis. On average, equities analysts forecast that Johnson Controls International will post 3.62 earnings per share for the current year.

Johnson Controls International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 19th. Investors of record on Monday, March 25th will be paid a $0.37 dividend. The ex-dividend date of this dividend is Friday, March 22nd. This represents a $1.48 annualized dividend and a dividend yield of 2.26%. Johnson Controls International’s dividend payout ratio is presently 48.21%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Oppenheimer restated an “outperform” rating and issued a $66.00 target price on shares of Johnson Controls International in a research note on Wednesday, December 13th. Vertical Research lowered Johnson Controls International from a “buy” rating to a “hold” rating and set a $55.00 target price for the company. in a research note on Wednesday, December 13th. Barclays raised their target price on Johnson Controls International from $59.00 to $61.00 and gave the stock an “equal weight” rating in a research note on Tuesday. StockNews.com lowered Johnson Controls International from a “buy” rating to a “hold” rating in a research note on Thursday, January 25th. Finally, Melius Research restated a “hold” rating on shares of Johnson Controls International in a research note on Tuesday, January 30th. One analyst has rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $63.50.

Check Out Our Latest Stock Report on JCI

Hedge Funds Weigh In On Johnson Controls International

Several institutional investors and hedge funds have recently modified their holdings of JCI. Vanguard Group Inc. increased its stake in shares of Johnson Controls International by 17.3% in the 4th quarter. Vanguard Group Inc. now owns 71,387,169 shares of the company’s stock valued at $4,114,756,000 after purchasing an additional 10,522,009 shares in the last quarter. Norges Bank purchased a new position in shares of Johnson Controls International in the 4th quarter valued at about $419,897,000. Dodge & Cox increased its stake in shares of Johnson Controls International by 6.4% in the 4th quarter. Dodge & Cox now owns 67,792,459 shares of the company’s stock valued at $3,907,557,000 after purchasing an additional 4,096,187 shares in the last quarter. Morgan Stanley increased 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 in the last quarter. Finally, Clean Energy Transition LLP purchased a new position in shares of Johnson Controls International in the 4th quarter valued at about $124,553,000. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Johnson Controls International Company Profile

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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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