Johnson Controls International plc (NYSE:JCI) shares traded 1.23% higher at $62.55 on Wall Street last session.
JCI stock price is now 4.50% away from the 50-day moving average and 2.97% away from the 200-day moving average. The market capitalization of the company currently stands at $41.24B.
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With the price target maintained at $70, Barclays recently Downgraded its rating from Overweight to Equal Weight for Johnson Controls International plc (NYSE: JCI).
In other news, MANNING NATHAN D, COO, Global Field Ops sold 35,478 shares of the company’s stock on May 18. The stock was sold for $2,235,437 at an average price of $63.01. Upon completion of the transaction, the COO, Global Field Ops now directly owns 90,485 shares in the company, valued at $5.66 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 09, Exec VP & General Counsel Donofrio John sold 14,253 shares of the business’s stock. A total of $898,247 was realized by selling the stock at an average price of $63.02. This leaves the insider owning 37,090 shares of the company worth $2.32 million. Insiders disposed of 637,568 shares of company stock worth roughly $39.88 million over the past 1 year. A total of 0.20% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in JCI stock. A new stake in Johnson Controls International plc shares was purchased by CULLEN CAPITAL MANAGEMENT, LLC during the first quarter worth $212,451,000. CANOE FINANCIAL LP invested $54,035,000 in shares of JCI during the first quarter. In the first quarter, QUBE RESEARCH & TECHNOLOGIES LTD acquired a new stake in Johnson Controls International plc valued at approximately $45,601,000. POINT72 ASSET MANAGEMENT, L.P. acquired a new stake in JCI for approximately $44,197,000. ABEILLE ASSET MANAGEMENT SA purchased a new stake in JCI valued at around $32,700,000 in the second quarter. In total, there are 1,407 active investors with 97.80% ownership of the company’s stock.
Johnson Controls International plc (NYSE: JCI) opened at $61.85 on Tuesday. During the past 12 months, Johnson Controls International plc has had a low of $45.52 and a high of $69.60. As of last week, the company has a debt-to-equity ratio of 0.66, a current ratio of 1.00, and a quick ratio of 0.80. According to the stock market information, the enterprise value for the company is $50.91B, which is based on a 31.09 price-to-earnings ratio, a 1.98 price-to-earnings-growth ratio, and a beta of 1.23. The fifty day moving average price for JCI is $59.94 and a two-hundred day moving average price translates $60.76 for the stock.
The latest earnings results from Johnson Controls International plc (NYSE: JCI) was released for Mar, 2023. According to the Building Products & Equipment Company, earnings per share came in at $0.75, beating analysts’ expectations of $0.73 by 0.02. This compares to $0.07 EPS in the same period last year. The net profit margin was 5.30% and return on equity was 8.70% for JCI. The company reported revenue of $6.69 billion for the quarter, compared to $6.1 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 9.64 percent. For the current quarter, analysts expect JCI to generate $7.2B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 04/14/2023. Investors who held shares on 03/20/2023 were paid a $0.36 dividend. On an annualized basis, this represents a $1.44 dividend and a 2.30% percent yield. There was an ex-dividend date of 03/17/2023 for this dividend. In terms of dividend payout ratio, JCI is presently at 69.90%.
