Johnson Controls International plc (NYSE:JCI) Short Interest Update

by · The Cerbat Gem

Johnson Controls International plc (NYSE:JCI – Get Free Report) was the target of a significant drop in short interest in October. As of October 15th, there was short interest totalling 8,940,000 shares, a drop of 14.9% from the September 30th total of 10,510,000 shares. Based on an average daily trading volume, of 4,300,000 shares, the days-to-cover ratio is presently 2.1 days. Currently, 1.3% of the shares of the company are sold short.

Analysts Set New Price Targets

Several research firms recently commented on JCI. StockNews.com downgraded Johnson Controls International from a “buy” rating to a “hold” rating in a research report on Saturday. Royal Bank of Canada upgraded shares of Johnson Controls International from an “underperform” rating to a “sector perform” rating and boosted their target price for the company from $61.00 to $69.00 in a research note on Wednesday, August 14th. Barclays increased their target price on shares of Johnson Controls International from $62.00 to $64.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 2nd. Robert W. Baird boosted their price target on shares of Johnson Controls International from $72.00 to $78.00 and gave the company a “neutral” rating in a research report on Thursday, August 1st. Finally, The Goldman Sachs Group raised their price objective on shares of Johnson Controls International from $73.00 to $81.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Twelve analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Johnson Controls International currently has a consensus rating of “Hold” and a consensus target price of $73.43.

View Our Latest Report on JCI

Insider Buying and Selling

In other news, CEO George Oliver sold 110,615 shares of the business’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $76.79, for a total transaction of $8,494,125.85. Following the sale, the chief executive officer now directly owns 1,243,751 shares in the company, valued at approximately $95,507,639.29. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, CEO George Oliver sold 110,615 shares of the firm’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $76.79, for a total transaction of $8,494,125.85. Following the completion of the transaction, the chief executive officer now directly owns 1,243,751 shares of the company’s stock, valued at approximately $95,507,639.29. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Nathan D. Manning sold 1,167 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $72.75, for a total transaction of $84,899.25. Following the completion of the sale, the chief operating officer now directly owns 143,488 shares in the company, valued at approximately $10,438,752. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 227,494 shares of company stock valued at $16,999,239 over the last three months. 0.69% of the stock is owned by corporate insiders.

Institutional Trading of Johnson Controls International

Institutional investors have recently bought and sold shares of the business. M&G Plc bought a new position in shares of Johnson Controls International in the 1st quarter worth $120,948,000. Cetera Investment Advisers grew its position in shares of Johnson Controls International by 470.9% during the 1st quarter. Cetera Investment Advisers now owns 157,980 shares of the company’s stock worth $10,319,000 after buying an additional 130,308 shares during the period. Janney Montgomery Scott LLC grew its position in shares of Johnson Controls International by 3.5% during the 1st quarter. Janney Montgomery Scott LLC now owns 398,174 shares of the company’s stock worth $26,009,000 after buying an additional 13,373 shares during the period. Epoch Investment Partners Inc. increased its stake in shares of Johnson Controls International by 0.9% in the 1st quarter. Epoch Investment Partners Inc. now owns 1,129,418 shares of the company’s stock valued at $73,774,000 after acquiring an additional 10,146 shares during the last quarter. Finally, Norden Group LLC acquired a new stake in shares of Johnson Controls International in the 1st quarter valued at approximately $864,000. Institutional investors and hedge funds own 90.05% of the company’s stock.

Johnson Controls International Trading Down 1.3 %

Shares of JCI stock traded down $0.98 on Tuesday, reaching $76.75. 78,242 shares of the stock were exchanged, compared to its average volume of 4,959,196. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.96 and a quick ratio of 0.73. Johnson Controls International has a one year low of $48.13 and a one year high of $78.23. The stock has a market cap of $51.27 billion, a PE ratio of 32.51, a P/E/G ratio of 2.20 and a beta of 1.29. The stock has a 50 day moving average price of $74.10 and a 200 day moving average price of $70.16.

Johnson Controls International (NYSE:JCI – Get Free Report) last announced its quarterly earnings data on Wednesday, July 31st. The company reported $1.14 earnings per share for the quarter, topping the consensus estimate of $1.08 by $0.06. The firm had revenue of $7.23 billion during the quarter, compared to analysts’ expectations of $7.53 billion. Johnson Controls International had a return on equity of 13.64% and a net margin of 6.02%. The company’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same period in the previous year, the business posted $1.03 EPS. Equities research analysts forecast that Johnson Controls International will post 3.68 EPS for the current fiscal year.

Johnson Controls International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Wednesday, September 25th were paid a $0.37 dividend. The ex-dividend date of this dividend was Wednesday, September 25th. This represents a $1.48 dividend on an annualized basis and a yield of 1.93%. Johnson Controls International’s payout ratio is presently 61.92%.

About Johnson Controls International

(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.

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