Morgan Stanley Reaffirms Overweight Rating for Johnson Controls International PLC (JCI)

Johnson Controls International PLC (NYSE:JCI)‘s stock had its “overweight” rating restated by analysts at Morgan Stanley in a report released on Monday. They currently have a $51.00 price target on the auto parts company’s stock, up from their prior price target of $50.00. Morgan Stanley’s target price would indicate a potential upside of 17.57% from the stock’s previous close.

JCI has been the subject of several other reports. HSBC Holdings plc initiated coverage on shares of Johnson Controls International PLC in a research report on Friday, March 31st. They set a “buy” rating and a $50.00 price objective for the company. Susquehanna Bancshares Inc upgraded shares of Johnson Controls International PLC from a “neutral” rating to a “positive” rating and raised their price objective for the stock from $47.00 to $49.00 in a research report on Monday, March 20th. They noted that the move was a valuation call. Goldman Sachs Group, Inc. (The) cut shares of Johnson Controls International PLC from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $48.00 to $44.00 in a research report on Monday, March 13th. Zacks Investment Research upgraded shares of Johnson Controls International PLC from a “sell” rating to a “hold” rating in a research report on Tuesday, April 11th. Finally, ValuEngine cut shares of Johnson Controls International PLC from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. One research analyst has rated the stock with a sell rating, ten have given a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $50.70.

Johnson Controls International PLC (NYSE JCI) traded up 0.51% on Monday, reaching $43.38. 3,164,486 shares of the company’s stock traded hands. Johnson Controls International PLC has a 12-month low of $39.16 and a 12-month high of $48.97. The stock has a 50 day moving average price of $41.99 and a 200 day moving average price of $42.10. The stock’s market cap is $40.70 billion.

Johnson Controls International PLC (NYSE:JCI) last released its quarterly earnings data on Thursday, April 27th. The auto parts company reported $0.50 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.50. Johnson Controls International PLC had a negative net margin of 1.69% and a positive return on equity of 11.97%. The firm had revenue of $7.24 billion during the quarter, compared to analysts’ expectations of $7.09 billion. During the same period last year, the business earned $0.86 earnings per share. Johnson Controls International PLC’s revenue was up 2.5% compared to the same quarter last year. Analysts forecast that Johnson Controls International PLC will post $2.63 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, July 7th. Investors of record on Wednesday, June 28th were issued a $0.25 dividend. The ex-dividend date of this dividend was Monday, June 26th. This represents a $1.00 annualized dividend and a yield of 2.31%. Johnson Controls International PLC’s dividend payout ratio (DPR) is -194.70%.

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In related news, CEO Alex A. Molinaroli sold 6,335 shares of the firm’s stock in a transaction that occurred on Tuesday, May 9th. The shares were sold at an average price of $41.96, for a total value of $265,816.60. Following the sale, the chief executive officer now owns 1,296,407 shares of the company’s stock, valued at $54,397,237.72. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.48% of the stock is owned by company insiders.

Hedge funds have recently modified their holdings of the stock. City Holding Co. boosted its stake in shares of Johnson Controls International PLC by 32.0% in the second quarter. City Holding Co. now owns 25,501 shares of the auto parts company’s stock valued at $1,106,000 after buying an additional 6,184 shares during the period. Capital One National Association purchased a new stake in shares of Johnson Controls International PLC during the second quarter valued at $245,000. Trust Co boosted its stake in shares of Johnson Controls International PLC by 9.3% in the first quarter. Trust Co now owns 12,892 shares of the auto parts company’s stock valued at $543,000 after buying an additional 1,100 shares during the period. Catawba Capital Management VA boosted its stake in shares of Johnson Controls International PLC by 13.2% in the second quarter. Catawba Capital Management VA now owns 68,827 shares of the auto parts company’s stock valued at $2,984,000 after buying an additional 7,999 shares during the period. Finally, First PREMIER Bank boosted its stake in shares of Johnson Controls International PLC by 366.2% in the second quarter. First PREMIER Bank now owns 3,361 shares of the auto parts company’s stock valued at $146,000 after buying an additional 2,640 shares during the period. 84.13% of the stock is currently owned by hedge funds and other institutional investors.

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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