Johnson Controls International Target of Unusually High Options Trading (NYSE:JCI)

Johnson Controls International PLC (NYSE:JCI) was the recipient of some unusual options trading activity on Monday. Traders acquired 11,324 call options on the stock. This represents an increase of approximately 1,069% compared to the typical daily volume of 969 call options.

In other news, insider Rodney M. Rushing sold 764 shares of the firm’s stock in a transaction on Friday, October 11th. The shares were sold at an average price of $42.50, for a total transaction of $32,470.00. Following the sale, the insider now owns 15,447 shares in the company, valued at approximately $656,497.50. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Jeffrey M. Williams sold 52,655 shares of the stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $42.91, for a total transaction of $2,259,426.05. Following the transaction, the vice president now directly owns 94,506 shares in the company, valued at approximately $4,055,252.46. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 169,391 shares of company stock worth $7,329,657. Corporate insiders own 0.50% of the company’s stock.

Institutional investors have recently made changes to their positions in the business. Garrett Wealth Advisory Group LLC bought a new stake in Johnson Controls International in the 3rd quarter worth $26,000. Horan Capital Advisors LLC. bought a new stake in Johnson Controls International in the 3rd quarter worth $29,000. Stonebridge Capital Advisors LLC bought a new stake in Johnson Controls International in the 2nd quarter worth $30,000. Kavar Capital Partners LLC bought a new stake in Johnson Controls International in the 2nd quarter worth $32,000. Finally, Hudock Capital Group LLC grew its holdings in Johnson Controls International by 2,231.4% in the 2nd quarter. Hudock Capital Group LLC now owns 816 shares of the company’s stock worth $33,000 after acquiring an additional 781 shares during the last quarter. 91.92% of the stock is currently owned by institutional investors and hedge funds.

Several equities analysts recently commented on the stock. JPMorgan Chase & Co. increased their target price on shares of Johnson Controls International from $37.00 to $41.00 and gave the company a “neutral” rating in a report on Thursday, October 10th. Zacks Investment Research raised shares of Johnson Controls International from a “hold” rating to a “buy” rating and set a $44.00 target price on the stock in a report on Monday, July 1st. Finally, ValuEngine lowered shares of Johnson Controls International from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Six investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $39.89.

JCI stock opened at $42.69 on Wednesday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.19 and a current ratio of 1.41. Johnson Controls International has a 52 week low of $28.30 and a 52 week high of $44.65. The firm’s fifty day moving average is $42.98 and its 200 day moving average is $40.68. The firm has a market cap of $33.30 billion, a P/E ratio of 15.08, a P/E/G ratio of 1.68 and a beta of 0.94.

Johnson Controls International (NYSE:JCI) last released its earnings results on Wednesday, July 31st. The company reported $0.65 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.63 by $0.02. Johnson Controls International had a net margin of 22.38% and a return on equity of 9.02%. The company had revenue of $6.45 billion for the quarter, compared to analyst estimates of $6.33 billion. During the same quarter last year, the firm earned $0.81 EPS. The firm’s quarterly revenue was up 2.7% compared to the same quarter last year. As a group, analysts forecast that Johnson Controls International will post 1.95 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, October 4th. Shareholders of record on Monday, September 16th were issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 2.44%. The ex-dividend date of this dividend was Friday, September 13th. Johnson Controls International’s dividend payout ratio (DPR) is presently 36.75%.

Johnson Controls International Company Profile

Johnson Controls International plc operates as a diversified technology and multi industrial company worldwide. The company operates through Building Technologies & Solutions and Power Solutions segments. The company designs, sells, installs, and services heating, ventilating, and air conditioning systems, controls systems, integrated electronic security systems, and integrated fire detection and suppression systems for commercial, industrial, retail, small business, institutional, and governmental customers; and energy efficiency solutions and technical services, including inspection, scheduled maintenance, and repair and replacement of mechanical and control systems, to non-residential building and industrial applications.

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