Johnson Controls Intl Stock (NYSE:JCI), Trade Ideas

Johnson Controls Intl

Johnson Controls manufactures, installs, and services HVAC systems, building management systems and controls, industrial refrigeration units, and fire and security solutions. Commercial HVAC accounts for over 45% of sales, fire and security represents roughly 40% of sales, and residential HVAC, industrial refrigeration, and other solutions account for the remaining 15% of revenue. In fiscal 2023, Johnson Controls generated nearly $27 billion in revenue.

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Johnson Controls experiences a stock decline as it misses Q1 revenue estimates, plans strategic alternatives for non-commercial businesses, and lowers FY24 adjusted EPS outlook.

Why Is Johnson Controls Stock Taking A Hit Today?

Johnson Controls International plc Ordinary Share

Johnson Controls International PLC

Analysts' ratings for Johnson Controls Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JCI#NYSE">JCI</a>) over the last quarter vary from bullish to bearish, as provided by 10 analysts.
The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">6</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $62.6, a high estimate of $73.00, and a low estimate of $48.00. This current average reflects an increase of 3.27% from the previous average price target of $60.62. 
<img src="https://www.benzinga.com/files/images/story/2024/1713448861_0.png" alt="price target chart" />
<h2>Deciphering Analyst Ratings: An In-Depth Analysis</h2>
A comprehensive examination of how financial experts perceive Johnson Controls Intl is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Noah Kaye</td>
<td>Oppenheimer</td>
<td>Raises</td>
<td>Outperform</td>
<td>$71.00</td>
<td>$66.00</td>
</tr>
<tr>
<td>Andrew Kaplowitz</td>
<td>Citigroup</td>
<td>Raises</td>
<td>Neutral</td>
<td>$68.00</td>
<td>$59.00</td>
</tr>
<tr>
<td>Julian Mitchell</td>
<td>Barclays</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$61.00</td>
<td>$59.00</td>
</tr>
<tr>
<td>Joe O'Dea</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Overweight</td>
<td>$73.00</td>
<td>$64.00</td>
</tr>
<tr>
<td>Brett Linzey</td>
<td>Mizuho</td>
<td>Maintains</td>
<td>Neutral</td>
<td>$62.00</td>
<td>$62.00</td>
</tr>
<tr>
<td>Deane Dray</td>
<td>RBC Capital</td>
<td>Lowers</td>
<td>Underperform</td>
<td>$48.00</td>
<td>$50.00</td>
</tr>
<tr>
<td>Puneet Garg</td>
<td>HSBC</td>
<td>Announces</td>
<td>Hold</td>
<td>$60.00</td>
<td>-</td>
</tr>
<tr>
<td>Joe O'Dea</td>
<td>Wells Fargo</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$64.00</td>
<td>$65.00</td>
</tr>
<tr>
<td>Julian Mitchell</td>
<td>Barclays</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$59.00</td>
<td>$60.00</td>
</tr>
<tr>
<td>Nicole Deblase</td>
<td>Deutsche Bank</td>
<td>Announces</td>
<td>Hold</td>
<td>$60.00</td>
<td>-</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Johnson Controls Intl. This insight gives a snapshot of analysts' perspectives on the current state of the company.</li>
<li>Rating: Delving into assessments, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings communicate expectations for the relative performance of Johnson Controls Intl compared to the broader market.</li>
<li>Price Targets: Gaining insights, analysts provide estimates for the future value of Johnson Controls Intl's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Capture valuable insights into Johnson Controls Intl's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/JCI/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Johnson Controls Intl analyst ratings.</a>
<h2>Discovering Johnson Controls Intl: A Closer Look</h2>
Johnson Controls manufactures, installs, and services HVAC systems, building management systems and controls, industrial refrigeration units, and fire and security solutions. Commercial HVAC accounts for over 45% of sales, fire and security represents roughly 40% of sales, and residential HVAC, industrial refrigeration, and other solutions account for the remaining 15% of revenue. In fiscal 2023, Johnson Controls generated nearly $27 billion in revenue.
<h3>Breaking Down Johnson Controls Intl's Financial Performance</h3>
Market Capitalization: Surpassing industry standards, the company's market capitalization asserts its dominance in terms of size, suggesting a robust market position.
Revenue Growth: Johnson Controls Intl's remarkable performance in 3 months is evident. As of 31 December, 2023, the company achieved an impressive revenue growth rate of 0.43%. This signifies a substantial increase in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Industrials sector.
Net Margin: The company's net margin is below industry benchmarks, signaling potential difficulties in achieving strong profitability. With a net margin of 6.14%, the company may need to address challenges in effective cost control.
Return on Equity (ROE): Johnson Controls Intl's ROE lags behind industry averages, suggesting challenges in maximizing returns on equity capital. With an ROE of 2.24%, the company may face hurdles in achieving optimal financial performance.
Return on Assets (ROA): Johnson Controls Intl's ROA is below industry standards, pointing towards difficulties in efficiently utilizing assets. With an ROA of 0.85%, the company may encounter challenges in delivering satisfactory returns from its assets.
Debt Management: Johnson Controls Intl's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.64.
<h2>Understanding the Relevance of Analyst Ratings</h2>
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Analyst Ratings

Evaluating Johnson Controls Intl: Insights From 10 Financial Analysts

Oppenheimer analyst Noah Kaye maintains Johnson Controls Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JCI#NYSE">JCI</a>) with a Outperform and raises the price target from $66 to $71.

Oppenheimer Maintains Outperform on Johnson Controls Intl, Raises Price Target to $71

The net proceeds will be used for general corporate purposes, including the repayment, redemption or refinancing of outstanding commercial paper and other near-term indebtedness.&nbsp;

Offerings

Johnson Controls Reports Pricing Of Its Offering Of $700M Senior Notes Due 2029

Citigroup analyst Andrew Kaplowitz maintains Johnson Controls Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JCI#NYSE">JCI</a>) with a Neutral and raises the price target from $59 to $68.

Citigroup Maintains Neutral on Johnson Controls Intl, Raises Price Target to $68

Barclays analyst Julian Mitchell maintains Johnson Controls Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JCI#NYSE">JCI</a>) with a Equal-Weight and raises the price target from $59 to $61.

Barclays Maintains Equal-Weight on Johnson Controls Intl, Raises Price Target to $61

8 analysts have expressed a variety of opinions on Johnson Controls Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JCI#NYSE">JCI</a>) over the past quarter, offering a diverse set of opinions from bullish to bearish.
Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts have recently evaluated Johnson Controls Intl and provided 12-month price targets. The average target is $59.5, accompanied by a high estimate of $73.00 and a low estimate of $48.00. Marking an increase of 0.56%, the current average surpasses the previous average price target of $59.17. 
<img src="https://www.benzinga.com/files/images/story/2024/1712066409_0.png" alt="price target chart" />
<h2>Interpreting Analyst Ratings: A Closer Look</h2>
The perception of Johnson Controls Intl by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Joe O'Dea</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Overweight</td>
<td>$73.00</td>
<td>$64.00</td>
</tr>
<tr>
<td>Brett Linzey</td>
<td>Mizuho</td>
<td>Maintains</td>
<td>Neutral</td>
<td>$62.00</td>
<td>$62.00</td>
</tr>
<tr>
<td>Deane Dray</td>
<td>RBC Capital</td>
<td>Lowers</td>
<td>Underperform</td>
<td>$48.00</td>
<td>$50.00</td>
</tr>
<tr>
<td>Puneet Garg</td>
<td>HSBC</td>
<td>Announces</td>
<td>Hold</td>
<td>$60.00</td>
<td>-</td>
</tr>
<tr>
<td>Joe O'Dea</td>
<td>Wells Fargo</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$64.00</td>
<td>$65.00</td>
</tr>
<tr>
<td>Julian Mitchell</td>
<td>Barclays</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$59.00</td>
<td>$60.00</td>
</tr>
<tr>
<td>Nicole Deblase</td>
<td>Deutsche Bank</td>
<td>Announces</td>
<td>Hold</td>
<td>$60.00</td>
<td>-</td>
</tr>
<tr>
<td>Deane Dray</td>
<td>RBC Capital</td>
<td>Lowers</td>
<td>Underperform</td>
<td>$50.00</td>
<td>$54.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Johnson Controls Intl. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Delving into assessments, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings communicate expectations for the relative performance of Johnson Controls Intl compared to the broader market.</li>
<li>Price Targets: Analysts navigate through adjustments in price targets, providing estimates for Johnson Controls Intl's future value. Comparing current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of Johnson Controls Intl's market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/JCI/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Johnson Controls Intl analyst ratings.</a>
<h2>Delving into Johnson Controls Intl's Background</h2>
Johnson Controls manufactures, installs, and services HVAC systems, building management systems and controls, industrial refrigeration units, and fire and security solutions. Commercial HVAC accounts for over 45% of sales, fire and security represents roughly 40% of sales, and residential HVAC, industrial refrigeration, and other solutions account for the remaining 15% of revenue. In fiscal 2023, Johnson Controls generated nearly $27 billion in revenue.
<h3>Johnson Controls Intl's Financial Performance</h3>
Market Capitalization Analysis: With an elevated market capitalization, the company stands out above industry averages, showcasing substantial size and market acknowledgment.
Revenue Growth: Johnson Controls Intl's revenue growth over a period of 3 months has been noteworthy. As of 31 December, 2023, the company achieved a revenue growth rate of approximately 0.43%. This indicates a substantial increase in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Industrials sector.
Net Margin: Johnson Controls Intl's net margin is below industry averages, indicating potential challenges in maintaining strong profitability. With a net margin of 6.14%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Johnson Controls Intl's ROE is below industry averages, indicating potential challenges in efficiently utilizing equity capital. With an ROE of 2.24%, the company may face hurdles in achieving optimal financial returns.
Return on Assets (ROA): Johnson Controls Intl's ROA falls below industry averages, indicating challenges in efficiently utilizing assets. With an ROA of 0.85%, the company may face hurdles in generating optimal returns from its assets.
Debt Management: With a below-average debt-to-equity ratio of 0.64, Johnson Controls Intl adopts a prudent financial strategy, indicating a balanced approach to debt management.
<h2>The Significance of Analyst Ratings Explained</h2>
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

A Closer Look at 8 Analyst Recommendations For Johnson Controls Intl

Wells Fargo analyst Joe O'Dea maintains Johnson Controls Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JCI#NYSE">JCI</a>) with a Overweight and raises the price target from $64 to $73.

Wells Fargo Maintains Overweight on Johnson Controls Intl, Raises Price Target to $73

Johnson Controls Intl's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JCI#NYSE">JCI</a>) short percent of float has fallen 23.23% since its last report. The company recently reported that it has 7.24 million shares sold short, which is 1.19% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.19 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Johnson Controls Intl Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1711572312_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Johnson Controls Intl has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Johnson Controls Intl's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Johnson Controls Intl's peer group average for short interest as a percentage of float is 3.74%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

(JCI) - Analyzing Johnson Controls Intl's Short Interest

Investors with a lot of money to spend have taken a bullish stance on Johnson Controls Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JCI#NYSE">JCI</a>).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with JCI, it often means somebody knows something is about to happen.
So how do we know what these investors just did? 
Today, <a href="https://pro.benzinga.com/?utm_source=insights">Benzinga</a>'s options scanner spotted 10 uncommon options trades for Johnson Controls Intl.
This isn't normal.
The overall sentiment of these big-money traders is split between 60% bullish and 40%, bearish.
Out of all of the special options we uncovered, 5 are puts, for a total amount of $606,730, and 5 are calls, for a total amount of $273,140.
<h3>Predicted Price Range</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $60.0 to $70.0 for Johnson Controls Intl during the past quarter. 
<h3>Volume &amp; Open Interest Trends</h3>
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Johnson Controls Intl's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Johnson Controls Intl's whale activity within a strike price range from $60.0 to $70.0 in the last 30 days. 
<h3>Johnson Controls Intl Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1711049492_0.png" alt="Options Call Chart" />
<h3>Noteworthy Options Activity:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th style="text-align: right;">Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>JCI</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$60.00</td>
<td>$227.5K</td>
<td style="text-align: right;">552</td>
<td>808</td>
</tr>
<tr>
<td>JCI</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/21/24</td>
<td>$62.50</td>
<td>$158.6K</td>
<td style="text-align: right;">281</td>
<td>856</td>
</tr>
<tr>
<td>JCI</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$60.00</td>
<td>$129.5K</td>
<td style="text-align: right;">552</td>
<td>1.1K</td>
</tr>
<tr>
<td>JCI</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>05/17/24</td>
<td>$70.00</td>
<td>$80.4K</td>
<td style="text-align: right;">28</td>
<td>0</td>
</tr>
<tr>
<td>JCI</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>05/17/24</td>
<td>$62.50</td>
<td>$63.9K</td>
<td style="text-align: right;">18</td>
<td>450</td>
</tr>
</tbody>
</table>

<h3>About Johnson Controls Intl</h3>
Johnson Controls manufactures, installs, and services HVAC systems, building management systems and controls, industrial refrigeration units, and fire and security solutions. Commercial HVAC accounts for over 45% of sales, fire and security represents roughly 40% of sales, and residential HVAC, industrial refrigeration, and other solutions account for the remaining 15% of revenue. In fiscal 2023, Johnson Controls generated nearly $27 billion in revenue.
Following our analysis of the options activities associated with Johnson Controls Intl, we pivot to a closer look at the company's own performance.
<h3>Current Position of Johnson Controls Intl</h3>
<ul>
<li>With a volume of 2,880,648, the price of JCI is up 0.95% at $64.74. </li>
<li>RSI indicators hint that the underlying stock may be overbought.</li>
<li>Next earnings are expected to be released in 43 days.</li>
</ul>
<h3>What Analysts Are Saying About Johnson Controls Intl</h3>
In the last month, 1 experts released ratings on this stock with an average target price of $62.0.
<ul>
<li>An analyst from Mizuho downgraded its action to Neutral with a price target of $62. </li>
</ul>
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Johnson Controls Intl options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

Options

Market Whales and Their Recent Bets on JCI Options

By the end of today, March 14, 2024, Armstrong World Indus (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AWI#NYSE">AWI</a>) is set to deliver a dividend payout of $0.28 per share, equating to an annualized dividend yield of 1.08%. The company's dividend payout went ex-dividend on February 28, 2024, so only the investors that owned the stock prior to the ex-dividend date will receive this payout. 
<h3>Armstrong World Indus Recent Dividend Payouts</h3>
<style>
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 font-family: Arial, sans-serif;
 font-size: 14px;
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 th, td {
 padding: 8px;
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 background-color: #293a5a;
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 font-size: 12px;
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 </style><table>
<thead>
<tr>
<th>Ex-Date</th>
<th style="text-align: right;">Payments per year</th>
<th>Dividend</th>
<th>Yield</th>
<th>Announced</th>
<th>Record</th>
<th>Payable</th>
</tr>
</thead>
<tbody>
<tr>
<td>2024-02-28</td>
<td style="text-align: right;">4</td>
<td>$0.28</td>
<td>1.08%</td>
<td>2024-02-14</td>
<td>2024-02-29</td>
<td>2024-03-14</td>
</tr>
<tr>
<td>2023-11-01</td>
<td style="text-align: right;">4</td>
<td>$0.28</td>
<td>1.55%</td>
<td>2023-10-18</td>
<td>2023-11-02</td>
<td>2023-11-16</td>
</tr>
<tr>
<td>2023-08-02</td>
<td style="text-align: right;">4</td>
<td>$0.25</td>
<td>1.38%</td>
<td>2023-07-19</td>
<td>2023-08-03</td>
<td>2023-08-17</td>
</tr>
<tr>
<td>2023-05-03</td>
<td style="text-align: right;">4</td>
<td>$0.25</td>
<td>1.43%</td>
<td>2023-04-19</td>
<td>2023-05-04</td>
<td>2023-05-18</td>
</tr>
<tr>
<td>2023-03-01</td>
<td style="text-align: right;">4</td>
<td>$0.25</td>
<td>1.25%</td>
<td>2023-02-14</td>
<td>2023-03-02</td>
<td>2023-03-16</td>
</tr>
<tr>
<td>2022-11-02</td>
<td style="text-align: right;">4</td>
<td>$0.25</td>
<td>1.23%</td>
<td>2022-10-19</td>
<td>2022-11-03</td>
<td>2022-11-17</td>
</tr>
<tr>
<td>2022-08-03</td>
<td style="text-align: right;">4</td>
<td>$0.23</td>
<td>1.11%</td>
<td>2022-07-20</td>
<td>2022-08-04</td>
<td>2022-08-18</td>
</tr>
<tr>
<td>2022-05-04</td>
<td style="text-align: right;">4</td>
<td>$0.23</td>
<td>1.0%</td>
<td>2022-04-20</td>
<td>2022-05-05</td>
<td>2022-05-19</td>
</tr>
<tr>
<td>2022-03-02</td>
<td style="text-align: right;">4</td>
<td>$0.23</td>
<td>0.95%</td>
<td>2022-02-16</td>
<td>2022-03-03</td>
<td>2022-03-17</td>
</tr>
<tr>
<td>2021-11-03</td>
<td style="text-align: right;">4</td>
<td>$0.23</td>
<td>0.94%</td>
<td>2021-10-20</td>
<td>2021-11-04</td>
<td>2021-11-18</td>
</tr>
<tr>
<td>2021-08-04</td>
<td style="text-align: right;">4</td>
<td>$0.21</td>
<td>0.8%</td>
<td>2021-07-21</td>
<td>2021-08-05</td>
<td>2021-08-19</td>
</tr>
<tr>
<td>2021-05-05</td>
<td style="text-align: right;">4</td>
<td>$0.21</td>
<td>0.85%</td>
<td>2021-04-20</td>
<td>2021-05-06</td>
<td>2021-05-20</td>
</tr>
</tbody>
</table>
Armstrong World Indus's dividend yield falls in the middle range when compared to its industry peers, with Johnson Controls Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JCI#NYSE">JCI</a>) having the highest annualized dividend yield at 2.38%.
<h3>Analyzing Armstrong World Indus Financial Health</h3>
Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing. 
<h3>YoY Growth in Dividend Per Share</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1710428732_0.png" alt="dividend chart graph" />
From 2020 to 2023, the company's dividend per share showed a positive trend, increasing steadily from $0.81 in 2020 to $1.04 in 2023. This demonstrates the company's commitment to rewarding shareholders by consistently raising dividends.
<h3>YoY Earnings Growth For Armstrong World Indus</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1710428732_1.png" alt="earning chart graph" />
From 2020 to 2023, Armstrong World Indus has demonstrated an upward trend in earnings, with earnings per share rising from $4.03 to $5.18. This positive earnings growth bodes well for investors looking to generate income through cash dividend payouts.
<h3>Recap</h3>
This article provides an in-depth analysis of Armstrong World Indus's recent dividend distribution and the impact it has on shareholders. The company is currently distributing a dividend of $0.28 per share, resulting in an annualized dividend yield of 1.08%.
Armstrong World Indus's dividend yield falls in the middle range when compared to its industry peers, with Johnson Controls Intl having the highest annualized dividend yield at 2.38%.
Given that Armstrong World Indus has experienced an increase in dividend per share from 2020 to 2023 along with an increase in earnings per share, it could signal that the company is in good financial standing and that they could be positioned to continue distributing their profits back to their investors.
Investors are advised to closely monitor the company's performance in the upcoming quarters to stay informed about any fluctuations in financials or dividend disbursements.
[Click here](<a href="https://www.benzinga.com/stock//dividends" title="https://www.benzinga.com/stock//dividends">https://www.benzinga.com/stock//dividends</a>) to find details on Armstrong World Indus's previous dividends.
To keep track of which companies are distributing dividends, <a href="https://www.benzinga.com/calendars/dividends">click here</a> to visit our Dividends Calendar. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Dividends

Empowering Shareholders with Growth: Armstrong World Indus Enhances Performance and Reports Rising Profits

Mizuho Securities&nbsp;analyst Brett Linzey downgraded both&nbsp;Allegion&nbsp;Plc&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALLE#NYSE">ALLE</a>) and&nbsp;Johnson Controls International Plc&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JCI#NYSE">JCI</a>) to Neutral (from Buy).
The analyst raised the ALLE&nbsp;<a target="_blank" href="https://www.benzinga.com/quote/ALLE/analyst-ratings" rel="noreferrer noopener">price target of $141 from $140</a>&nbsp;and maintained the JCI&nbsp;<a target="_blank" href="https://www.benzinga.com/quote/JCI/analyst-ratings" rel="noreferrer noopener">price target of $62.</a>
ALLE: This week, Allegion reported a fourth-quarter adj. EPS of $1.68, beating the consensus of $1.59, while sales of $897.40 million missed the&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/02/b37206720/allegion-nyse-alle-reports-q4-full-year-2023-financial-results-introduces-2024-outlook" rel="noreferrer noopener">consensus of $902.10 million</a>.
The analyst downgraded ALLE following a strong run in the stock off the lows and a more balanced risk/reward from here.
The analyst expects non-residential markets to be mixed with Institutional steady and softening commercial pockets. Linzey says 2024 is a &#8220;heavier back-end loaded year&#8221; than usual, with tough comparables in the first quarter.&nbsp;
Also, the electronics/software comparables is difficult after delivering +20% in FY23 and will probably shift to something below the longer-term trend this year, writes the analyst.&nbsp;
Linzey expects the bulk of the FY24 margin to be driven by favorable price/cost/productivity, but continued warning signals related to non-residential markets remain a matter of concern. The analyst now sees adjusted EPS of $7.07 in FY24 and $7.50 in FY25. 
JCI: Last month, the company reported first-quarter revenues of $6.094 billion, missing the analyst consensus of $6.12 billion, while adjusted EPS of $0.51 was in&nbsp;<a target="_blank" href="https://www.benzinga.com/news/earnings/24/01/36849987/why-is-johnson-controls-stock-taking-a-hit-today" rel="noreferrer noopener">line with the street view</a>.
Johnson Controls revised FY24 adjusted EPS outlook from $3.65-$3.80 to&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">$3.60-$3.75 (street view: $3.66)</a>.
Linzey writes that the company&#8217;s quarterly performance (and expectations thereof) had been uneven, with the company failing to give any confidence in its ability to consistently execute and improve cash generation.&nbsp;
The analyst cites incremental demand weakness, particularly in China (APAC -21%), and poor backlog execution as a cause of the FY24 guidance cut. Linzey currently estimates EPS of $3.63 for FY24 and $3.97 for FY25.
Price Action: ALLE shares are trading higher by 0.07% at $129.74 and JCI is up 0.73% at $58.69 on the last check Friday.
Photo via Shutterstock

During the last three months, 12 analysts shared their evaluations of Johnson Controls Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JCI#NYSE">JCI</a>), revealing diverse outlooks from bullish to bearish.
The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">7</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $58.33, a high estimate of $66.00, and a low estimate of $48.00. This current average has decreased by 0.93% from the previous average price target of $58.88. 
<img src="https://www.benzinga.com/files/images/story/2024/1708455681_0.png" alt="price target chart" />
<h2>Interpreting Analyst Ratings: A Closer Look</h2>
A clear picture of Johnson Controls Intl's perception among financial experts is painted with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Deane Dray</td>
<td>RBC Capital</td>
<td>Lowers</td>
<td>Underperform</td>
<td>$48.00</td>
<td>$50.00</td>
</tr>
<tr>
<td>Puneet Garg</td>
<td>HSBC</td>
<td>Announces</td>
<td>Hold</td>
<td>$60.00</td>
<td>-</td>
</tr>
<tr>
<td>Joe O'Dea</td>
<td>Wells Fargo</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$64.00</td>
<td>$65.00</td>
</tr>
<tr>
<td>Julian Mitchell</td>
<td>Barclays</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$59.00</td>
<td>$60.00</td>
</tr>
<tr>
<td>Nicole Deblase</td>
<td>Deutsche Bank</td>
<td>Announces</td>
<td>Hold</td>
<td>$60.00</td>
<td>-</td>
</tr>
<tr>
<td>Deane Dray</td>
<td>RBC Capital</td>
<td>Lowers</td>
<td>Underperform</td>
<td>$50.00</td>
<td>$54.00</td>
</tr>
<tr>
<td>Joe O'Dea</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Overweight</td>
<td>$63.00</td>
<td>$62.00</td>
</tr>
<tr>
<td>Noah Kaye</td>
<td>Oppenheimer</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$66.00</td>
<td>-</td>
</tr>
<tr>
<td>Deane Dray</td>
<td>RBC Capital</td>
<td>Lowers</td>
<td>Sector Perform</td>
<td>$54.00</td>
<td>$58.00</td>
</tr>
<tr>
<td>Julian Mitchell</td>
<td>Barclays</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$60.00</td>
<td>$64.00</td>
</tr>
<tr>
<td>Jeffrey Sprague</td>
<td>Vertical Research</td>
<td>Announces</td>
<td>Hold</td>
<td>$55.00</td>
<td>-</td>
</tr>
<tr>
<td>Andrew Kaplowitz</td>
<td>Citigroup</td>
<td>Raises</td>
<td>Neutral</td>
<td>$61.00</td>
<td>$58.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Johnson Controls Intl. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Providing a comprehensive analysis, analysts offer qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Johnson Controls Intl compared to the broader market.</li>
<li>Price Targets: Analysts predict movements in price targets, offering estimates for Johnson Controls Intl's future value. Examining the current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of Johnson Controls Intl's market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/JCI/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Johnson Controls Intl analyst ratings.</a>
<h2>All You Need to Know About Johnson Controls Intl</h2>
Johnson Controls manufactures, installs, and services HVAC systems, building management systems and controls, industrial refrigeration units, and fire and security solutions. Commercial HVAC accounts for over 45% of sales, fire and security represents roughly 40% of sales, and residential HVAC, industrial refrigeration, and other solutions account for the remaining 15% of revenue. In fiscal 2023, Johnson Controls generated nearly $27 billion in revenue.
<h3>Johnson Controls Intl's Financial Performance</h3>
Market Capitalization: Boasting an elevated market capitalization, the company surpasses industry averages. This signals substantial size and strong market recognition.
Positive Revenue Trend: Examining Johnson Controls Intl's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 0.43% as of 31 December, 2023, showcasing a substantial increase in top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Industrials sector.
Net Margin: The company's net margin is below industry benchmarks, signaling potential difficulties in achieving strong profitability. With a net margin of 6.14%, the company may need to address challenges in effective cost control.
Return on Equity (ROE): Johnson Controls Intl's ROE is below industry averages, indicating potential challenges in efficiently utilizing equity capital. With an ROE of 2.24%, the company may face hurdles in achieving optimal financial returns.
Return on Assets (ROA): Johnson Controls Intl's ROA is below industry averages, indicating potential challenges in efficiently utilizing assets. With an ROA of 0.85%, the company may face hurdles in achieving optimal financial returns.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.64.
<h2>Analyst Ratings: Simplified</h2>
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Analyst Scoreboard: 12 Ratings For Johnson Controls Intl

Argus Research analyst John Eade downgrades Johnson Controls Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JCI#NYSE">JCI</a>) from Buy to Hold.

Argus Research Downgrades Johnson Controls Intl to Hold

WIIM

ADSE

AMRC

AMSC

AREB

ATXG

BEEM

CETY

ELWS

FLUX

GFAI

HYLN

INOD

RAYA

RKLB

SCWO

SNTG

SPCE

SPWR

STEM

UPWK

XMTR

Shares of several companies in the broader industrial sector are trading higher amid a rebound. The sector fell yesterday after worse-than-expected January CPI data showed a greater-than-expected rise in inflation.

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. 
Here's the list of options activity happening in today's session: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>GE</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$165.00</td>
<td>$152.1K</td>
<td>191</td>
<td>5.2K</td>
</tr>
<tr>
<td>LYFT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>03/15/24</td>
<td>$15.00</td>
<td>$27.3K</td>
<td>3.2K</td>
<td>4.5K</td>
</tr>
<tr>
<td>JCI</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>04/19/24</td>
<td>$60.00</td>
<td>$26.1K</td>
<td>1.9K</td>
<td>2.4K</td>
</tr>
<tr>
<td>DDD</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>08/16/24</td>
<td>$5.00</td>
<td>$105.0K</td>
<td>47</td>
<td>2.1K</td>
</tr>
<tr>
<td>MMM</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>06/21/24</td>
<td>$100.00</td>
<td>$83.3K</td>
<td>1.5K</td>
<td>1.5K</td>
</tr>
<tr>
<td>BA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/15/24</td>
<td>$200.00</td>
<td>$92.5K</td>
<td>3.8K</td>
<td>803</td>
</tr>
<tr>
<td>VRT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/21/24</td>
<td>$75.00</td>
<td>$90.0K</td>
<td>1.8K</td>
<td>504</td>
</tr>
<tr>
<td>SPCE</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$2.00</td>
<td>$38.0K</td>
<td>5.1K</td>
<td>465</td>
</tr>
<tr>
<td>UBER</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$95.00</td>
<td>$30.0K</td>
<td>9</td>
<td>448</td>
</tr>
<tr>
<td>DAL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/01/24</td>
<td>$41.00</td>
<td>$26.2K</td>
<td>347</td>
<td>340</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• Regarding GE (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GE#NYSE">GE</a>), we observe a call option trade with bearish sentiment. It expires in 338 day(s) on January 17, 2025. Parties traded 178 contract(s) at a $165.00 strike. The total cost received by the writing party (or parties) was $152.1K, with a price of $855.0 per contract. There were 191 open contracts at this strike prior to today, and today 5226 contract(s) were bought and sold. 
• Regarding LYFT (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LYFT#NASDAQ">LYFT</a>), we observe a call option sweep with bullish sentiment. It expires in 30 day(s) on March 15, 2024. Parties traded 150 contract(s) at a $15.00 strike. This particular call needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $27.3K, with a price of $182.0 per contract. There were 3291 open contracts at this strike prior to today, and today 4526 contract(s) were bought and sold. 
• For JCI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JCI#NYSE">JCI</a>), we notice a call option sweep that happens to be bearish, expiring in 65 day(s) on April 19, 2024. This event was a transfer of 218 contract(s) at a $60.00 strike. This particular call needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $26.1K, with a price of $120.0 per contract. There were 1982 open contracts at this strike prior to today, and today 2408 contract(s) were bought and sold. 
• Regarding DDD (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DDD#NYSE">DDD</a>), we observe a put option sweep with bullish sentiment. It expires in 184 day(s) on August 16, 2024. Parties traded 1400 contract(s) at a $5.00 strike. This particular put needed to be split into 21 different trades to become filled. The total cost received by the writing party (or parties) was $105.0K, with a price of $75.0 per contract. There were 47 open contracts at this strike prior to today, and today 2100 contract(s) were bought and sold. 
• For MMM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MMM#NYSE">MMM</a>), we notice a call option trade that happens to be bullish, expiring in 128 day(s) on June 21, 2024. This event was a transfer of 384 contract(s) at a $100.00 strike. The total cost received by the writing party (or parties) was $83.3K, with a price of $217.0 per contract. There were 1526 open contracts at this strike prior to today, and today 1532 contract(s) were bought and sold. 
• For BA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>), we notice a call option sweep that happens to be bearish, expiring in 30 day(s) on March 15, 2024. This event was a transfer of 100 contract(s) at a $200.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $92.5K, with a price of $925.0 per contract. There were 3809 open contracts at this strike prior to today, and today 803 contract(s) were bought and sold. 
• For VRT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VRT#NYSE">VRT</a>), we notice a call option sweep that happens to be bullish, expiring in 128 day(s) on June 21, 2024. This event was a transfer of 150 contract(s) at a $75.00 strike. This particular call needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $90.0K, with a price of $600.0 per contract. There were 1820 open contracts at this strike prior to today, and today 504 contract(s) were bought and sold. 
• Regarding SPCE (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPCE#NYSE">SPCE</a>), we observe a put option sweep with bullish sentiment. It expires in 338 day(s) on January 17, 2025. Parties traded 464 contract(s) at a $2.00 strike. This particular put needed to be split into 22 different trades to become filled. The total cost received by the writing party (or parties) was $38.0K, with a price of $82.0 per contract. There were 5187 open contracts at this strike prior to today, and today 465 contract(s) were bought and sold. 
• For UBER (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>), we notice a call option sweep that happens to be bearish, expiring in 310 day(s) on December 20, 2024. This event was a transfer of 50 contract(s) at a $95.00 strike. This particular call needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $30.0K, with a price of $601.0 per contract. There were 9 open contracts at this strike prior to today, and today 448 contract(s) were bought and sold. 
• For DAL (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAL#NYSE">DAL</a>), we notice a call option sweep that happens to be bearish, expiring in 16 day(s) on March 1, 2024. This event was a transfer of 288 contract(s) at a $41.00 strike. This particular call needed to be split into 12 different trades to become filled. The total cost received by the writing party (or parties) was $26.2K, with a price of $91.0 per contract. There were 347 open contracts at this strike prior to today, and today 340 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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Johnson Controls International shares are trading lower following multiple analyst downgrades.

RBC Capital analyst Deane Dray maintains Johnson Controls Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JCI#NYSE">JCI</a>) with a Underperform and lowers the price target from $50 to $48.

RBC Capital Maintains Underperform on Johnson Controls Intl, Lowers Price Target to $48

HSBC analyst Puneet Garg downgrades Johnson Controls Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JCI#NYSE">JCI</a>) from Buy to Hold and announces $60 price target.

HSBC Downgrades Johnson Controls Intl to Hold, Announces $60 Price Target

Wells Fargo analyst Joe O'Dea maintains Johnson Controls Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JCI#NYSE">JCI</a>) with a Overweight and lowers the price target from $65 to $64.

Wells Fargo Maintains Overweight on Johnson Controls Intl, Lowers Price Target to $64

9 analysts have expressed a variety of opinions on Johnson Controls Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JCI#NYSE">JCI</a>) over the past quarter, offering a diverse set of opinions from bullish to bearish.
The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">6</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $58.67, along with a high estimate of $66.00 and a low estimate of $50.00. Experiencing a 1.11% decline, the current average is now lower than the previous average price target of $59.33. 
<img src="https://www.benzinga.com/files/images/story/2024/1706702408_0.png" alt="price target chart" />
<h2>Understanding Analyst Ratings: A Comprehensive Breakdown</h2>
The standing of Johnson Controls Intl among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Julian Mitchell</td>
<td>Barclays</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$59.00</td>
<td>$60.00</td>
</tr>
<tr>
<td>Nicole Deblase</td>
<td>Deutsche Bank</td>
<td>Announces</td>
<td>Hold</td>
<td>$60.00</td>
<td>-</td>
</tr>
<tr>
<td>Deane Dray</td>
<td>RBC Capital</td>
<td>Lowers</td>
<td>Underperform</td>
<td>$50.00</td>
<td>$54.00</td>
</tr>
<tr>
<td>Joe O'Dea</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Overweight</td>
<td>$63.00</td>
<td>$62.00</td>
</tr>
<tr>
<td>Noah Kaye</td>
<td>Oppenheimer</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$66.00</td>
<td>-</td>
</tr>
<tr>
<td>Deane Dray</td>
<td>RBC Capital</td>
<td>Lowers</td>
<td>Sector Perform</td>
<td>$54.00</td>
<td>$58.00</td>
</tr>
<tr>
<td>Julian Mitchell</td>
<td>Barclays</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$60.00</td>
<td>$64.00</td>
</tr>
<tr>
<td>Jeffrey Sprague</td>
<td>Vertical Research</td>
<td>Announces</td>
<td>Hold</td>
<td>$55.00</td>
<td>-</td>
</tr>
<tr>
<td>Andrew Kaplowitz</td>
<td>Citigroup</td>
<td>Raises</td>
<td>Neutral</td>
<td>$61.00</td>
<td>$58.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Johnson Controls Intl. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Providing a comprehensive analysis, analysts offer qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Johnson Controls Intl compared to the broader market.</li>
<li>Price Targets: Analysts gauge the dynamics of price targets, providing estimates for the future value of Johnson Controls Intl's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
For valuable insights into Johnson Controls Intl's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/JCI/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Johnson Controls Intl analyst ratings.</a>
<h2>All You Need to Know About Johnson Controls Intl</h2>
Johnson Controls manufactures, installs, and services HVAC systems, building management systems and controls, industrial refrigeration systems, and fire and security solutions. Commercial HVAC accounts for over 45% of sales, fire and security represents roughly 40% of sales, and residential HVAC, industrial refrigeration, and other solutions account for the remaining 15% of revenue. In fiscal 2023, Johnson Controls generated nearly $27 billion in revenue.
<h3>Financial Insights: Johnson Controls Intl</h3>
Market Capitalization Analysis: With a profound presence, the company's market capitalization is above industry averages. This reflects substantial size and strong market recognition.
Revenue Growth: Johnson Controls Intl's revenue growth over a period of 3 months has faced challenges. As of 30 September, 2023, the company experienced a revenue decline of approximately -3.18%. This indicates a decrease in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Industrials sector.
Net Margin: Johnson Controls Intl's net margin falls below industry averages, indicating challenges in achieving strong profitability. With a net margin of 7.95%, the company may face hurdles in effective cost management.
Return on Equity (ROE): The company's ROE is below industry benchmarks, signaling potential difficulties in efficiently using equity capital. With an ROE of 3.34%, the company may need to address challenges in generating satisfactory returns for shareholders.
Return on Assets (ROA): Johnson Controls Intl's ROA is below industry averages, indicating potential challenges in efficiently utilizing assets. With an ROA of 1.29%, the company may face hurdles in achieving optimal financial returns.
Debt Management: Johnson Controls Intl's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.53.
<h2>The Significance of Analyst Ratings Explained</h2>
Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter. 
Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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