Stock traders buy large volume of call options on Johnson Controls International (NYSE:JCI)

Johnson Controls International plc (NYSE:JCI – Get Rating) saw unusual options trading activity on Wednesday. Investors bought 19,207 call options on the stock. This is an increase of approximately 1,963% over the average volume of 931 call options.

Several stock analysts have recently released reports on JCI shares. Credit Suisse Group cut its price target on Johnson Controls International shares from $89.00 to $86.00 and set an “outperform” rating on the stock in a Thursday, Feb. 3 research note. Morgan Stanley cut its price target on Johnson Controls International shares from $92.00 to $84.00 and set an “overweight” rating on the stock in a Tuesday, March 1 research note. Barclays raised its price target on Johnson Controls International shares from $85.00 to $86.00 and gave the company an “overweight” rating in a Tuesday, January 4 research note. Wells Fargo & Company cut its price target on Johnson Controls International shares from $91.00 to $83.00 in a Thursday, Feb. 3 research note. Finally, Deutsche Bank Aktiengesellschaft cut its price target on Johnson Controls International shares from $84.00 to $80.00 and set a “hold” rating on the stock in a Thursday 3 February. Four equity research analysts gave the stock a hold rating and eleven gave the company a buy rating. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $79.36.

Johnson Controls International stock opened Thursday at $62.81. Johnson Controls International has a 52-week low of $58.15 and a 52-week high of $81.77. The company has a fifty-day moving average of $70.77 and a 200-day moving average of $73.54. The company has a market capitalization of $44.14 billion, a P/E ratio of 28.55, a PEG ratio of 2.41 and a beta of 1.16. The company has a quick ratio of 0.79, a current ratio of 1.04 and a debt ratio of 0.40.

(A d)

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Johnson Controls International (NYSE:JCI – Get Rating) last released quarterly earnings data on Wednesday, February 2. The company reported earnings per share (EPS) of $0.54 for the quarter, beating the consensus estimate of $0.53 by $0.01. The company posted revenue of $5.86 billion in the quarter, versus analyst estimates of $5.79 billion. Johnson Controls International had a net margin of 6.48% and a return on equity of 10.58%. The company’s quarterly revenue increased by 9.8% compared to the same quarter last year. In the same quarter a year earlier, the company earned $0.43 per share. On average, research analysts expect Johnson Controls International to post EPS of 3.27 for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 14. Shareholders of record on Monday, March 21 will receive a dividend of $0.35. This is an increase from Johnson Controls International’s previous quarterly dividend of $0.34. This represents an annualized dividend of $1.40 and a dividend yield of 2.23%. Johnson Controls International’s dividend payout ratio is 61.82%.

In other Johnson Controls International news, Vice Chairman Jeffrey M. Williams sold 25,076 shares of the company in a trade dated Friday, Dec. 10. The shares were sold at an average price of $78.96, for a total value of $1,980,000.96. The sale was disclosed in a filing with the SEC, which is available on the SEC’s website. Additionally, Vice Chairman John Donofrio sold 31,784 shares of the company in a trade dated Monday, Dec. 13. The shares were sold at an average price of $78.90, for a total transaction of $2,507,757.60. The disclosure of this sale can be found here. Insiders sold 71,716 shares of the company worth $5,499,509 in the past ninety days. Insiders own 0.61% of the shares of the company.

Hedge funds have recently changed their positions in the business. Northwest Investment Counselors LLC bought a new stock position in Johnson Controls International in the fourth quarter worth $25,000. Blue Bell Private Wealth Management LLC bought a new stock position in Johnson Controls International in the fourth quarter worth $26,000. Canton Hathaway LLC bought a new position in shares of Johnson Controls International in the third quarter worth $27,000. Addison Advisors LLC bought a new position in shares of Johnson Controls International in the fourth quarter worth $28,000. Finally, Newbridge Financial Services Group Inc. bought a new position in Johnson Controls International during Q3 for $30,000. Institutional investors and hedge funds own 88.89% of the company’s shares.

About Johnson Controls International (Get a rating)

Johnson Controls International Plc is committed to providing building products, energy solutions, integrated infrastructure and next-generation transportation systems. Its technology and service capabilities include fire, security, HVAC, power solutions and energy storage to serve various end markets including large institutions, commercial buildings, retail, industrial , small business and residential.

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