Johnson Controls International PLC (JCI) Earns Buy Rating from Oppenheimer Holdings, Inc.

Oppenheimer Holdings, Inc. reissued their buy rating on shares of Johnson Controls International PLC (NYSE:JCI) in a research report report published on Tuesday. The firm currently has a $50.00 target price on the auto parts company’s stock, down from their previous target price of $52.00. Oppenheimer Holdings also issued estimates for Johnson Controls International PLC’s Q4 2017 earnings at $0.86 EPS and FY2018 earnings at $2.96 EPS.

Other equities research analysts also recently issued reports about the stock. Zacks Investment Research upgraded shares of Johnson Controls International PLC from a sell rating to a hold rating in a report on Tuesday, September 5th. TheStreet upgraded shares of Johnson Controls International PLC from a c rating to a b rating in a report on Thursday, July 27th. Wolfe Research assumed coverage on shares of Johnson Controls International PLC in a report on Tuesday, July 11th. They set a market perform rating for the company. BidaskClub downgraded shares of Johnson Controls International PLC from a sell rating to a strong sell rating in a report on Friday, August 18th. Finally, Morgan Stanley lowered their price target on shares of Johnson Controls International PLC from $51.00 to $46.00 and set an overweight rating for the company in a report on Monday, August 7th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and eleven have issued a buy rating to the company’s stock. Johnson Controls International PLC presently has a consensus rating of Hold and an average price target of $48.29.

Shares of Johnson Controls International PLC (JCI) traded down $0.52 during midday trading on Tuesday, reaching $40.68. 3,560,733 shares of the company’s stock were exchanged, compared to its average volume of 4,004,296. The company has a market capitalization of $37.90 billion, a price-to-earnings ratio of 13.78, a P/E/G ratio of 1.04 and a beta of 0.94. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.92 and a current ratio of 1.21.

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The company also recently announced a quarterly dividend, which was paid on Friday, October 13th. Stockholders of record on Monday, September 25th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, September 22nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.46%. Johnson Controls International PLC’s payout ratio is currently -196.08%.

In other 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 transaction of $80,995.65. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.48% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of Johnson Controls International PLC by 2.3% during the second quarter. Vanguard Group Inc. now owns 63,619,905 shares of the auto parts company’s stock worth $2,758,559,000 after purchasing an additional 1,457,941 shares in the last quarter. Dodge & Cox lifted its position in shares of Johnson Controls International PLC by 83.5% during the second quarter. Dodge & Cox now owns 57,851,274 shares of the auto parts company’s stock worth $2,508,431,000 after purchasing an additional 26,319,624 shares in the last quarter. Capital World Investors lifted its position in shares of Johnson Controls International PLC by 4.7% during the second quarter. Capital World Investors now owns 42,405,917 shares of the auto parts company’s stock worth $1,838,721,000 after purchasing an additional 1,917,892 shares in the last quarter. American Century Companies Inc. lifted its position in shares of Johnson Controls International PLC by 8.6% during the third quarter. American Century Companies Inc. now owns 14,430,474 shares of the auto parts company’s stock worth $581,404,000 after purchasing an additional 1,141,974 shares in the last quarter. Finally, Lazard Asset Management LLC lifted its position in shares of Johnson Controls International PLC by 0.9% during the second quarter. Lazard Asset Management LLC now owns 11,337,622 shares of the auto parts company’s stock worth $491,599,000 after purchasing an additional 105,806 shares in the last quarter. 86.04% of the stock is currently owned by institutional investors and hedge funds.

Johnson Controls International PLC 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.

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