In yesterday’s Wall Street session, Johnson Controls International plc (NYSE:JCI) shares traded at $53.19, down -2.48% from the previous session.
JCI stock price is now -12.25% away from the 50-day moving average and -15.11% away from the 200-day moving average. The market capitalization of the company currently stands at $36.19B.
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With the price target enhanced from $58 to $69, HSBC Securities Upgraded its rating from Hold to Buy for Johnson Controls International plc (NYSE: JCI).
In other news, Oliver George, Chairman & CEO sold 103,332 shares of the company’s stock on Aug 23. The stock was sold for $6,120,354 at an average price of $59.23. Upon completion of the transaction, the Chairman & CEO now directly owns 979,759 shares in the company, valued at $52.11 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 18, COO, Global Field Ops MANNING NATHAN D sold 35,478 shares of the business’s stock. A total of $2,235,437 was realized by selling the stock at an average price of $63.01. This leaves the insider owning 90,485 shares of the company worth $4.81 million. Insiders disposed of 730,124 shares of company stock worth roughly $38.84 million over the past 1 year. A total of 0.70% 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 SCOPUS ASSET MANAGEMENT, L.P. during the first quarter worth $31,382,000. ABEILLE ASSET MANAGEMENT SA invested $27,807,000 in shares of JCI during the first quarter. In the first quarter, SHELLBACK CAPITAL, LP acquired a new stake in Johnson Controls International plc valued at approximately $17,610,000. UNISUPER MANAGEMENT PTY LTD acquired a new stake in JCI for approximately $14,332,000. DEPRINCE RACE & ZOLLO INC purchased a new stake in JCI valued at around $13,345,000 in the second quarter. In total, there are 1,431 active investors with 91.81% ownership of the company’s stock.
On Thursday morning Johnson Controls International plc (NYSE: JCI) stock kicked off with the opening price of $51.69. During the past 12 months, Johnson Controls International plc has had a low of $49.14 and a high of $70.43. As of last week, the company has a debt-to-equity ratio of 0.69, a current ratio of 1.06, and a quick ratio of 0.79. According to the stock market information, the enterprise value for the company is $45.81B, which is based on a 17.77 price-to-earnings ratio, a 1.14 price-to-earnings-growth ratio, and a beta of 1.27. The fifty day moving average price for JCI is $60.62 and a two-hundred day moving average price translates $62.66 for the stock.
The latest earnings results from Johnson Controls International plc (NYSE: JCI) was released for Jun, 2023. According to the Building Products & Equipment Company, earnings per share came in at $1.03, inline with analysts’ expectations of $1.03. This compares to $0.64 EPS in the same period last year. The net profit margin was 7.74% and return on equity was 12.76% for JCI. The company reported revenue of $7.13 billion for the quarter, compared to $6.61 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 7.85 percent. For the current quarter, analysts expect JCI to generate $7.12B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 07/14/2023. Investors who held shares on 06/20/2023 were paid a $0.37 dividend. On an annualized basis, this represents a $1.40 dividend and a 2.63% percent yield. There was an ex-dividend date of 06/16/2023 for this dividend. In terms of dividend payout ratio, JCI is presently at 63.48%.
Johnson Controls International plc(JCI) Company Profile
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. The company designs, sells, installs, and services heating, ventilating, air conditioning, controls, building management, refrigeration, integrated electronic security, integrated fire detection and suppression systems, and fire protection and security products for commercial, industrial, retail, small business, institutional, and governmental customers. It also provides energy efficiency solutions and technical services, including inspection, scheduled maintenance, and repair and replacement of mechanical and control systems, as well as data-driven smart building solutions to non-residential building and industrial applications. In addition, the company offers control software and software services for residential and commercial applications. Johnson Controls International plc was incorporated in 1885 and is headquartered in Cork, Ireland.
