Johnson Controls International plc (NYSE:JCI) Short Interest Update

Johnson Controls International plc (NYSE:JCIGet Free Report) was the target of a large drop in short interest during the month of October. As of October 15th, there was short interest totalling 8,940,000 shares, a drop of 14.9% from the September 30th total of 10,510,000 shares. Based on an average daily volume of 4,300,000 shares, the short-interest ratio is currently 2.1 days. Currently, 1.3% of the company’s shares are sold short.

Johnson Controls International Price Performance

NYSE JCI traded down $0.85 during midday trading on Thursday, hitting $75.47. The company had a trading volume of 2,151,243 shares, compared to its average volume of 4,954,581. The company has a market capitalization of $50.41 billion, a PE ratio of 31.87, a P/E/G ratio of 2.20 and a beta of 1.29. Johnson Controls International has a twelve month low of $48.53 and a twelve month high of $78.23. The company has a current ratio of 0.96, a quick ratio of 0.73 and a debt-to-equity ratio of 0.46. The firm has a 50-day moving average price of $74.35 and a 200-day moving average price of $70.29.

Johnson Controls International (NYSE:JCIGet Free Report) last issued its earnings results on Wednesday, July 31st. The company reported $1.14 EPS for the quarter, beating the consensus estimate of $1.08 by $0.06. The company had revenue of $7.23 billion during the quarter, compared to analysts’ expectations of $7.53 billion. Johnson Controls International had a net margin of 6.02% and a return on equity of 13.64%. The business’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same period in the previous year, the company earned $1.03 EPS. As a group, analysts anticipate that Johnson Controls International will post 3.68 earnings per share for the current fiscal year.

Johnson Controls International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Wednesday, September 25th were paid a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 1.96%. The ex-dividend date was Wednesday, September 25th. Johnson Controls International’s dividend payout ratio (DPR) is presently 61.92%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on JCI. Mizuho raised their target price on shares of Johnson Controls International from $62.00 to $75.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th. Morgan Stanley began coverage on Johnson Controls International in a research report on Friday, September 6th. They issued an “overweight” rating and a $85.00 target price on the stock. Bank of America increased their price target on Johnson Controls International from $80.00 to $95.00 and gave the company a “buy” rating in a research report on Friday, September 27th. The Goldman Sachs Group boosted their price target on Johnson Controls International from $73.00 to $81.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Finally, Robert W. Baird increased their price objective on Johnson Controls International from $72.00 to $78.00 and gave the company a “neutral” rating in a report on Thursday, August 1st. Twelve equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $73.43.

Check Out Our Latest Research Report on Johnson Controls International

Insider Transactions at Johnson Controls International

In other news, CEO George Oliver sold 110,615 shares of the company’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $76.79, for a total value of $8,494,125.85. Following the completion of the sale, the chief executive officer now directly owns 1,243,751 shares of the company’s stock, valued at $95,507,639.29. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Johnson Controls International news, CEO George Oliver sold 110,615 shares of Johnson Controls International stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $76.79, for a total transaction of $8,494,125.85. Following the transaction, the chief executive officer now directly owns 1,243,751 shares in the company, valued at approximately $95,507,639.29. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Nathan D. Manning sold 3,000 shares of the business’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $77.08, for a total value of $231,240.00. Following the completion of the transaction, the chief operating officer now directly owns 140,488 shares of the company’s stock, valued at approximately $10,828,815.04. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 226,327 shares of company stock worth $16,916,720 in the last three months. Insiders own 0.69% of the company’s stock.

Institutional Investors Weigh In On Johnson Controls International

Hedge funds have recently made changes to their positions in the stock. M&G Plc bought a new stake in Johnson Controls International during the 1st quarter worth $120,948,000. Cetera Investment Advisers increased its stake in shares of Johnson Controls International by 470.9% in the first quarter. Cetera Investment Advisers now owns 157,980 shares of the company’s stock valued at $10,319,000 after buying an additional 130,308 shares during the period. Janney Montgomery Scott LLC raised its holdings in Johnson Controls International by 3.5% in the 1st quarter. Janney Montgomery Scott LLC now owns 398,174 shares of the company’s stock valued at $26,009,000 after buying an additional 13,373 shares during the last quarter. Epoch Investment Partners Inc. boosted its position in Johnson Controls International by 0.9% during the 1st quarter. Epoch Investment Partners Inc. now owns 1,129,418 shares of the company’s stock worth $73,774,000 after buying an additional 10,146 shares during the period. Finally, Norden Group LLC bought a new stake in Johnson Controls International during the 1st quarter worth approximately $864,000. 90.05% of the stock is currently owned by institutional investors and hedge funds.

About Johnson Controls International

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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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