Johnson Controls International plc (NYSE: JCI) stock fell -0.10% on Thursday to $57.12 against a previous-day closing price of $57.18. With 5.12 million shares changed hands, the volume of the stock remained heavier than its average volume of 3.94 million shares. During the session, the Building Products & Equipment company that operates in wider Industrials sector, reached to the highest price of $57.94 whereas the lowest price it dropped to was $56.39. The 52-week range on JCI shows that it touched its highest point at $70.43 and its lowest point at $48.82 during that stretch. It currently has a 1-year price target of $72.47. With its current market cap of 38.62 billion, JCI has annualized dividend of $1.48 while the current yield stands at 2.59%. Beta for the stock currently stands at 1.26.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of JCI was up-trending over the past week, with a rise of 0.21%, but this was down by -3.40% over a month. Three-month performance dropped to -11.44% while six-month performance fell -3.17%. The stock gained 1.20% in the past year, while it has lost -10.75% so far this year. A look at the trailing 12-month EPS for JCI yields 2.99 with Next year EPS estimates of 4.02. For the next quarter, that number is 1.10. This implies an EPS growth rate of 4.40% for this year and 13.35% for next year. EPS is expected to grow by 15.62% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 25.20%.
Float and Shares Shorts:
At present, 683.30 million JCI shares are outstanding with a float of 676.31 million shares on hand for trading. On Aug 30, 2023, short shares totaled 4.21 million, which was 0.62% higher than short shares on Jul 30, 2023. In addition to Mr. George R. Oliver as the firm’s Chairman & CEO, Mr. Olivier C. Leonetti serves as its Exec. VP & CFO.
Through their ownership of 93.50% of JCI’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 55.95% of JCI, in contrast to 35.83% held by mutual funds. Shares owned by individuals account for 0.76%. As the largest shareholder in JCI with 8.95% of the stake, Dodge & Cox holds 61,398,554 shares worth 61,398,554. A second-largest stockholder of JCI, The Vanguard Group, Inc., holds 58,106,632 shares, controlling over 8.47% of the firm’s shares. Wellington Management Co. LLP is the third largest shareholder in JCI, holding 41,934,863 shares or 6.11% stake. With a 4.58% stake in JCI, the Dodge & Cox Stock Fund is the largest stakeholder. A total of 31,392,717 shares are owned by the mutual fund manager. The Vanguard Total Stock Market ETF, which owns about 3.11% of JCI stock, is the second-largest Mutual Fund holder. It holds 21,348,770 shares valued at 1.48 billion. Vanguard 500 Index Fund holds 2.40% of the stake in JCI, owning 16,432,421 shares worth 1.14 billion.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Jun 29, 2023, JCI reported revenue of $6.61B and operating income of $611.00M. The EBITDA in the recently reported quarter was $871.00M and diluted EPS was $0.55.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for JCI since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With JCI analysts setting a high price target of $86.00 and a low target of $66.00, the average target price over the next 12 months is $73.85. Based on these targets, JCI could surge 50.56% to reach the target high and rise by 15.55% to reach the target low. Reaching the average price target will result in a growth of 29.29% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.
Summary of Insider Activity:
Insiders traded JCI stock several times over the past three months with 1 Buys and 1 Sells. In these transactions, 103,332 shares were bought while 103,332 shares were sold. The number of buy transactions has increased to 38 while that of sell transactions has risen to 62 over the past year. The total number of shares bought during that period was 836,866 while 730,124 shares were sold.