Johnson Controls International plc Ordinary Share (JCI) Cut to C+ at TheStreet

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

Several other research analysts have also weighed in on JCI. Cowen reaffirmed an outperform rating and set a $48.00 target price on shares of Johnson Controls International plc Ordinary Share in a research note on Monday, August 21st. Robert W. Baird reaffirmed a buy rating and set a $50.00 target price on shares of Johnson Controls International plc Ordinary Share in a research note on Monday, August 28th. Zacks Investment Research raised shares of Johnson Controls International plc Ordinary Share from a sell rating to a hold rating in a research note on Tuesday, September 5th. Morgan Stanley set a $48.00 target price on shares of Johnson Controls International plc Ordinary Share and gave the stock an overweight rating in a research note on Monday, October 2nd. Finally, Citigroup reaffirmed a buy rating and set a $50.00 target price (up previously from $47.00) on shares of Johnson Controls International plc Ordinary Share in a research note on Monday, October 9th. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and nine have assigned a buy rating to the company. The company has an average rating of Hold and an average price target of $47.77.

Shares of Johnson Controls International plc Ordinary Share (JCI) opened at $38.00 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 stock has a market cap of $34,842.63, a PE ratio of 14.43, a P/E/G 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 released its quarterly earnings data on Thursday, November 9th. The auto parts company reported $0.87 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.87. Johnson Controls International plc Ordinary Share had a net margin of 6.32% and a return on equity of 11.91%. The firm had revenue of $8.14 billion during the quarter, compared to analysts’ expectations of $8.10 billion. During the same period last year, the business earned $1.21 earnings per share. Johnson Controls International plc Ordinary Share’s revenue was up 30.1% compared to the same quarter last year. analysts predict that Johnson Controls International plc Ordinary Share will post 2.78 EPS for the current year.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 12th. Stockholders of record on Monday, December 18th will be paid a $0.26 dividend. This is a positive change from Johnson Controls International plc Ordinary Share’s previous quarterly dividend of $0.25. The ex-dividend date is Friday, December 15th. This represents a $1.04 annualized dividend and a dividend yield of 2.74%. Johnson Controls International plc Ordinary Share’s dividend payout ratio (DPR) is presently 51.23%.

In other Johnson Controls International plc Ordinary Share news, VP William C. Jackson acquired 20,000 shares of the stock in a transaction dated Tuesday, November 21st. The stock was acquired at an average price of $36.00 per share, with a total value of $720,000.00. Following the completion of the purchase, the vice president now owns 286,842 shares in the company, valued at approximately $10,326,312. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Jeffrey M. Williams sold 1,955 shares of the firm’s stock in a transaction that occurred on Wednesday, October 11th. The shares were sold at an average price of $41.43, for a total transaction of $80,995.65. The disclosure for this sale can be found here. Company 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. Bessemer Group Inc. lifted its stake 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 acquiring an additional 133 shares during the last quarter. Perigon Wealth Management LLC lifted its stake 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 acquiring an additional 1,683 shares during the last quarter. Harfst & Associates Inc. lifted its stake 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 acquiring an additional 389 shares during the last quarter. Balentine LLC lifted its stake in Johnson Controls International plc Ordinary Share by 82.0% in the third quarter. Balentine LLC now owns 3,307 shares of the auto parts company’s stock worth $133,000 after acquiring an additional 1,490 shares during the last quarter. Finally, Bronfman E.L. Rothschild L.P. lifted its stake in Johnson Controls International plc Ordinary Share by 43.2% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 3,882 shares of the auto parts company’s stock worth $168,000 after acquiring an additional 1,171 shares during the last quarter. 89.78% of the stock is owned by institutional investors and hedge funds.

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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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