Johnson Controls International PLC (JCI) Receives “Buy” Rating from Citigroup Inc.

Citigroup Inc. reaffirmed their buy rating on shares of Johnson Controls International PLC (NYSE:JCI) in a research report released on Monday. Citigroup Inc. currently has a $50.00 target price on the auto parts company’s stock, up from their prior target price of $47.00.

JCI has been the subject of several other research reports. Zacks Investment Research downgraded shares of Johnson Controls International PLC from a hold rating to a sell rating in a research note on Tuesday, July 4th. Robert W. Baird reissued a buy rating and issued a $50.00 target price on shares of Johnson Controls International PLC in a research note on Monday, August 28th. Cowen and Company reissued an outperform rating and issued a $48.00 target price on shares of Johnson Controls International PLC in a research note on Monday, August 21st. Gabelli raised shares of Johnson Controls International PLC from a hold rating to a buy rating and set a $51.00 target price for the company in a research note on Friday, July 28th. Finally, Royal Bank Of Canada reissued a hold rating and issued a $43.00 target price (down previously from $48.00) on shares of Johnson Controls International PLC in a research note on Friday, July 28th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and eleven have assigned a buy rating to the company. The stock has a consensus rating of Hold and an average target price of $48.71.

Shares of Johnson Controls International PLC (NYSE JCI) opened at 41.39 on Monday. The company’s 50-day moving average is $40.00 and its 200 day moving average is $41.17. Johnson Controls International PLC has a 52-week low of $36.74 and a 52-week high of $46.17. The firm’s market capitalization is $38.59 billion.

Johnson Controls International PLC (NYSE:JCI) last announced its earnings results on Thursday, July 27th. The auto parts company reported $0.71 earnings per share for the quarter, meeting the consensus estimate of $0.71. Johnson Controls International PLC had a negative net margin of 0.43% and a positive return on equity of 11.74%. The firm had revenue of $7.67 billion during the quarter, compared to the consensus estimate of $7.72 billion. During the same quarter in the previous year, the company posted $1.07 EPS. The firm’s revenue for the quarter was up 48.8% on a year-over-year basis. Equities analysts expect that Johnson Controls International PLC will post $2.61 earnings per share for the current fiscal year.

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The business also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Monday, September 25th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.42%. The ex-dividend date is Friday, September 22nd. Johnson Controls International PLC’s dividend payout ratio is presently -196.08%.

In other Johnson Controls International PLC news, VP Jeffrey M. Williams sold 1,955 shares of the company’s stock in a transaction that occurred on Wednesday, October 11th. The stock was sold at an average price of $41.43, for a total value of $80,995.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.48% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Dodge & Cox boosted its stake in shares of Johnson Controls International PLC by 83.5% during the 2nd quarter. Dodge & Cox now owns 57,851,274 shares of the auto parts company’s stock valued at $2,508,431,000 after buying an additional 26,319,624 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of Johnson Controls International PLC by 144.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 4,877,880 shares of the auto parts company’s stock valued at $211,505,000 after buying an additional 2,879,948 shares during the last quarter. Capital World Investors boosted its stake in shares of Johnson Controls International PLC by 4.7% during the 2nd quarter. Capital World Investors now owns 42,405,917 shares of the auto parts company’s stock valued at $1,838,721,000 after buying an additional 1,917,892 shares during the last quarter. Strs Ohio purchased a new position in shares of Johnson Controls International PLC during the 2nd quarter valued at approximately $77,094,000. Finally, Bain Capital Public Equity Management LLC purchased a new position in shares of Johnson Controls International PLC during the 2nd quarter valued at approximately $76,382,000. Hedge funds and other institutional investors own 86.09% of the company’s stock.

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.

Analyst Recommendations for Johnson Controls International PLC (NYSE:JCI)

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