Johnson Controls International (JCI) to Release Earnings on Tuesday
Johnson Controls International (NYSE:JCI – Get Free Report) will issue its quarterly earnings data before the market opens on Tuesday, December 12th. Analysts expect the company to announce earnings of $1.09 per share for the quarter. Parties interested in listening to the company’s conference call can do so using this link.
Johnson Controls International Price Performance
NYSE:JCI opened at $54.26 on Tuesday. The company has a quick ratio of 0.80, a current ratio of 1.08 and a debt-to-equity ratio of 0.49. The stock’s 50 day moving average price is $51.57 and its two-hundred day moving average price is $58.86. The firm has a market capitalization of $36.91 billion, a price-to-earnings ratio of 18.15, a P/E/G ratio of 1.01 and a beta of 1.25. Johnson Controls International has a 12-month low of $47.90 and a 12-month high of $70.43.
Johnson Controls International Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 20th. Shareholders of record on Monday, September 25th were paid a $0.37 dividend. The ex-dividend date was Friday, September 22nd. This represents a $1.48 annualized dividend and a yield of 2.73%. Johnson Controls International’s dividend payout ratio is 49.50%.
Insider Buying and Selling at Johnson Controls International
In related news, CEO George Oliver sold 103,332 shares of the firm’s stock in a transaction that occurred on Monday, October 16th. The shares were sold at an average price of $52.37, for a total value of $5,411,496.84. Following the sale, the chief executive officer now directly owns 979,759 shares of the company’s stock, valued at $51,309,978.83. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.71% of the company’s stock.
Institutional Investors Weigh In On Johnson Controls International
A number of hedge funds and other institutional investors have recently modified their holdings of JCI. Raymond James Trust N.A. raised its stake in shares of Johnson Controls International by 3.1% during the first quarter. Raymond James Trust N.A. now owns 13,142 shares of the company’s stock valued at $862,000 after acquiring an additional 401 shares during the last quarter. Synovus Financial Corp raised its position in Johnson Controls International by 3.6% during the 1st quarter. Synovus Financial Corp now owns 12,080 shares of the company’s stock valued at $786,000 after purchasing an additional 425 shares during the last quarter. Baird Financial Group Inc. raised its position in Johnson Controls International by 0.7% during the 1st quarter. Baird Financial Group Inc. now owns 70,039 shares of the company’s stock valued at $4,593,000 after purchasing an additional 461 shares during the last quarter. Brown Brothers Harriman & Co. lifted its holdings in Johnson Controls International by 23.0% in the 1st quarter. Brown Brothers Harriman & Co. now owns 7,581 shares of the company’s stock worth $497,000 after buying an additional 1,418 shares during the period. Finally, Mackenzie Financial Corp lifted its holdings in Johnson Controls International by 3.5% in the 1st quarter. Mackenzie Financial Corp now owns 371,039 shares of the company’s stock worth $24,329,000 after buying an additional 12,648 shares during the period. Institutional investors own 88.64% of the company’s stock.
Analyst Ratings Changes
JCI has been the topic of several research analyst reports. HSBC upgraded Johnson Controls International from a “hold” rating to a “buy” rating and upped their price objective for the company from $58.00 to $69.00 in a research note on Wednesday, September 27th. UBS Group lowered their target price on Johnson Controls International from $80.00 to $74.00 and set a “buy” rating for the company in a research report on Tuesday, October 10th. Oppenheimer decreased their target price on Johnson Controls International from $78.00 to $66.00 and set an “outperform” rating for the company in a research report on Monday, October 23rd. Barclays cut their target price on Johnson Controls International from $66.00 to $64.00 in a research note on Wednesday, September 20th. Finally, Morgan Stanley dropped their price objective on Johnson Controls International from $73.00 to $70.00 and set an “overweight” rating on the stock in a research note on Friday, September 22nd. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $68.08.
View Our Latest Research Report on Johnson Controls International
Johnson Controls International Company Profile (Get Free Report)
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.
Further Reading
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Original: MarketBeat News Feed: Johnson Controls International (JCI) to Release Earnings on Tuesday