Johnson Controls International plc (NYSE:JCI) has a beta value of 1.26 and has seen 3.6 million shares traded in the last trading session. The company, currently valued at $44.75B, closed the last trade at $65.66 per share which meant it gained $0.81 on the day or 1.25% during that session. The JCI stock price is -7.26% off its 52-week high price of $70.43 and 27.05% above the 52-week low of $47.90. If we look at the company’s 10-day average daily trading volume, we find that it stood at 5.26 million shares traded. The 3-month trading volume is 5.85 million shares.
Johnson Controls International plc (NYSE:JCI) trade information
Sporting 1.25% in the green in last session, the stock has traded in the green over the last five days, when the JCI stock price touched $65.66 or saw a rise of 1.25%. Year-to-date, Johnson Controls International plc shares have moved 13.91%, while the 5-day performance has seen it change 0.24%. Over the past 30 days, the shares of Johnson Controls International plc (NYSE:JCI) have changed 6.37%. Short interest in the company has seen 11.53 million shares shorted with days to cover at 2.1.
Johnson Controls International plc (JCI) estimates and forecasts
Figures show that Johnson Controls International plc shares have underperformed across the wider relevant industry. The company’s shares have gained 25.43% over the past 6 months, with this year growth rate of 3.43%, compared to 20.50% for the industry. Revenue growth from the last financial year stood is estimated to be 3.90%.
16 analysts offering their estimates for the company have set an average revenue estimate of $6.73 billion for the current quarter. 16 have an estimated revenue figure of $7.53 billion for the next quarter concluding in Jun 2024.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 3.00% over the past 5 years. Earnings growth for 2024 is a modest 3.28% while over the next 5 years, the company’s earnings are expected to increase by 11.65%.
JCI Dividends
Johnson Controls International plc is expected to release its next earnings report between May 03 and May 07 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 1.48 at a share yield of 2.25%. The company’s dividend yield has gone up over the past 12 months.
Johnson Controls International plc (NYSE:JCI)’s Major holders
Insiders own 0.30% of the company shares, while shares held by institutions stand at 92.96% with a share float percentage of 93.24%. Investors are also buoyed by the number of investors in a company, with Johnson Controls International plc having a total of 1,455 institutions that hold shares in the company. The top two institutional holders are Dodge & Cox Inc with over 61.4 million shares worth more than $4.18 billion. As of Jun 29, 2023, Dodge & Cox Inc held 9.02% of shares outstanding.
The other major institutional holder is Vanguard Group Inc, with the holding of over 60.91 million shares as of Jun 29, 2023. The firm’s total holdings are worth over $4.15 billion and represent 8.95% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Dodge & Cox Stock Fund and Vanguard Total Stock Market Index Fund. As of Jun 29, 2023, the former fund manager holds about 4.62% shares in the company for having 31.46 million shares of worth $2.14 billion while later fund manager owns 21.36 million shares of worth $1.46 billion as of Jun 29, 2023, which makes it owner of about 3.14% of company’s outstanding stock.
