Johnson Controls International Sees Unusually High Options Volume (NYSE:JCI)

Johnson Controls International plc (NYSE:JCI) was the target of unusually large options trading activity on Tuesday. Stock investors bought 9,269 put options on the company. This represents an increase of 56% compared to the average daily volume of 5,959 put options.

Insider Transactions at Johnson Controls International

In related news, VP Daniel C. Mcconeghy sold 9,342 shares of the firm’s stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $65.50, for a total transaction of $611,901.00. Following the sale, the vice president now owns 25,378 shares in the company, valued at $1,662,259. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, VP Daniel C. Mcconeghy sold 9,342 shares of the company’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $65.50, for a total transaction of $611,901.00. Following the completion of the transaction, the vice president now owns 25,378 shares of the company’s stock, valued at approximately $1,662,259. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, COO Nathan D. Manning sold 1,167 shares of the stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $66.01, for a total transaction of $77,033.67. Following the transaction, the chief operating officer now owns 104,556 shares in the company, valued at $6,901,741.56. The disclosure for this sale can be found here. Insiders sold a total of 18,067 shares of company stock worth $1,163,404 over the last ninety days. 0.69% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Johnson Controls International

Hedge funds have recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of Johnson Controls International by 17.3% in the 4th quarter. Vanguard Group Inc. now owns 71,387,169 shares of the company’s stock valued at $4,114,756,000 after purchasing an additional 10,522,009 shares during the period. Capital World Investors increased its position in shares of Johnson Controls International by 85.5% in the first quarter. Capital World Investors now owns 14,142,736 shares of the company’s stock worth $923,804,000 after acquiring an additional 6,520,580 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Johnson Controls International by 95.9% in the 1st quarter. Bank of New York Mellon Corp now owns 12,760,120 shares of the company’s stock worth $833,491,000 after purchasing an additional 6,247,250 shares during the period. Norges Bank purchased a new position in Johnson Controls International during the 4th quarter worth approximately $316,400,000. Finally, Clean Energy Transition LLP purchased a new stake in shares of Johnson Controls International in the fourth quarter valued at $124,553,000. 90.05% of the stock is currently owned by institutional investors and hedge funds.

Johnson Controls International Stock Up 0.1 %

Johnson Controls International stock traded up $0.05 during midday trading on Tuesday, hitting $69.35. The stock had a trading volume of 1,246,384 shares, compared to its average volume of 5,305,779. The business has a fifty day moving average price of $69.54 and a 200 day moving average price of $64.05. Johnson Controls International has a 12 month low of $47.90 and a 12 month high of $74.23. The stock has a market cap of $46.72 billion, a P/E ratio of 28.06, a P/E/G ratio of 1.80 and a beta of 1.28. The company has a current ratio of 0.87, a quick ratio of 0.65 and a debt-to-equity ratio of 0.44.

Johnson Controls International (NYSE:JCI) last issued its earnings results on Wednesday, May 1st. The company reported $0.78 EPS for the quarter, topping the consensus estimate of $0.75 by $0.03. Johnson Controls International had a return on equity of 13.21% and a net margin of 6.32%. The company had revenue of $6.70 billion during the quarter, compared to analyst estimates of $7.51 billion. During the same quarter last year, the firm earned $0.75 EPS. The business’s revenue was down 6.1% on a year-over-year basis. Research analysts predict that Johnson Controls International will post 3.58 EPS for the current year.

Johnson Controls International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, July 19th. Shareholders of record on Monday, June 24th were paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 2.13%. The ex-dividend date was Monday, June 24th. Johnson Controls International’s payout ratio is currently 59.92%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on JCI. Barclays reduced their price objective on Johnson Controls International from $62.00 to $61.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 10th. Oppenheimer increased their price objective on shares of Johnson Controls International from $70.00 to $76.00 and gave the company an “outperform” rating in a research report on Thursday, June 27th. Robert W. Baird boosted their target price on shares of Johnson Controls International from $62.00 to $72.00 and gave the stock a “neutral” rating in a research report on Monday, July 15th. UBS Group downgraded shares of Johnson Controls International from a “buy” rating to a “neutral” rating and decreased their target price for the company from $74.00 to $68.00 in a research note on Monday, May 6th. Finally, Wells Fargo & Company lifted their price target on shares of Johnson Controls International from $70.00 to $75.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 10th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $65.23.

Johnson Controls International 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.