Key Points
- Johnson Controls VP Lei Zhang Schlitz sold 23,417 shares at an average price of $153.07, generating $3.58 million. The transaction reduced the executive’s holdings by 60.93% to 15,017 shares.
- Johnson Controls reported quarterly EPS of $1.42, beating estimates by $0.12, while revenue rose 9.3% year over year to $6.61 billion. The company also pays a quarterly dividend of $0.40 per share, yielding approximately 1.0% annually.
- JCI shares opened at $153.83, near their 52-week high of $157.06. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $153.30, while institutional investors own 90.05% of the stock.
Johnson Controls International plc (NYSE:JCI - Get Free Report) VP Lei Zhang Schlitz sold 23,417 shares of the firm's stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $153.07, for a total value of $3,584,440.19. Following the completion of the sale, the vice president owned 15,017 shares of the company's stock, valued at approximately $2,298,652.19. This represents a 60.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Lei Zhang Schlitz also recently made the following trade(s):
- On Friday, May 8th, Lei Zhang Schlitz sold 88,809 shares of Johnson Controls International stock. The shares were sold at an average price of $140.99, for a total value of $12,521,180.91.
Johnson Controls International Stock Up 0.1%
JCI stock opened at $153.83 on Thursday. The stock's 50 day simple moving average is $143.20 and its 200 day simple moving average is $138.04. The company has a market cap of $93.18 billion, a P/E ratio of 26.75, a price-to-earnings-growth ratio of 1.48 and a beta of 1.31. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.83 and a current ratio of 1.00. Johnson Controls International plc has a fifty-two week low of $103.07 and a fifty-two week high of $157.06.
Johnson Controls International (NYSE:JCI - Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The company reported $1.42 EPS for the quarter, beating analysts' consensus estimates of $1.30 by $0.12. The firm had revenue of $6.61 billion during the quarter, compared to analysts' expectations of $6.46 billion. Johnson Controls International had a return on equity of 22.11% and a net margin of 14.32%.The company's revenue for the quarter was up 9.3% compared to the same quarter last year. During the same quarter last year, the firm posted $1.05 earnings per share. On average, research analysts expect that Johnson Controls International plc will post 5.08 earnings per share for the current fiscal year.
Johnson Controls International Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, July 10th. Shareholders of record on Monday, June 15th were paid a dividend of $0.40 per share. The ex-dividend date was Monday, June 15th. This represents a $1.60 annualized dividend and a yield of 1.0%. Johnson Controls International's dividend payout ratio (DPR) is 27.83%.
Hedge Funds Weigh In On Johnson Controls International
Several hedge funds have recently made changes to their positions in JCI. State Street Corp lifted its holdings in Johnson Controls International by 0.6% during the 3rd quarter. State Street Corp now owns 28,684,645 shares of the company's stock worth $3,165,286,000 after purchasing an additional 163,167 shares in the last quarter. Franklin Resources Inc. boosted its stake in Johnson Controls International by 3.3% in the 4th quarter. Franklin Resources Inc. now owns 22,655,105 shares of the company's stock worth $2,712,949,000 after purchasing an additional 718,245 shares during the period. Fisher Asset Management LLC grew its holdings in Johnson Controls International by 1.7% during the 4th quarter. Fisher Asset Management LLC now owns 17,239,953 shares of the company's stock valued at $2,064,485,000 after buying an additional 280,704 shares in the last quarter. Invesco Ltd. grew its holdings in Johnson Controls International by 13.0% during the 4th quarter. Invesco Ltd. now owns 16,003,486 shares of the company's stock valued at $1,916,417,000 after buying an additional 1,837,220 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of Johnson Controls International during the fourth quarter valued at about $927,739,000. 90.05% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several analysts have commented on JCI shares. Royal Bank Of Canada lifted their price objective on shares of Johnson Controls International from $154.00 to $161.00 and gave the stock a "sector perform" rating in a research report on Thursday, July 30th. Barclays lifted their price target on shares of Johnson Controls International from $136.00 to $144.00 and gave the stock an "equal weight" rating in a report on Thursday, May 7th. Mizuho upped their price objective on Johnson Controls International from $130.00 to $140.00 and gave the company a "neutral" rating in a research note on Thursday, May 7th. Weiss Ratings reissued a "buy (b)" rating on shares of Johnson Controls International in a report on Tuesday, June 9th. Finally, BNP Paribas Exane started coverage on Johnson Controls International in a research report on Tuesday, April 14th. They issued an "underperform" rating and a $120.00 target price for the company. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $153.30.
Check Out Our Latest Stock Analysis on JCI
About Johnson Controls International
(
Get Free Report)
Johnson Controls International plc is a global diversified technology and multi‑industrial company that develops products, services and solutions for buildings and energy storage. The company's core focus is on improving building efficiency, safety and sustainability through a combination of HVAC equipment, building controls and automation, fire and security systems, and related services. Johnson Controls traces its roots to 1885, when inventor Warren S. Johnson developed an electric room thermostat; over its long history the company has expanded from controls into a broad set of building‑related technologies and, through corporate transactions, into a global provider of integrated building solutions.
Johnson Controls' product and service portfolio includes heating, ventilation and air‑conditioning equipment, chillers, air handlers and related mechanical systems, together with building automation and control platforms that monitor and manage energy use, indoor environmental quality and security.
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