JCI - Johnson Controls International plc

NYSE - NYSE Delayed Price. Currency in USD
41.32
+0.15 (+0.36%)
At close: 4:02PM EDT
Stock chart is not supported by your current browser
Previous Close41.17
Open41.39
Bid41.33 x 3200
Ask42.07 x 800
Day's Range41.26 - 41.59
52 Week Range28.30 - 42.18
Volume3,080,479
Avg. Volume7,791,866
Market Cap37.108B
Beta (3Y Monthly)1.08
PE Ratio (TTM)16.15
EPS (TTM)2.56
Earnings DateJul 31, 2019
Forward Dividend & Yield1.04 (2.53%)
Ex-Dividend Date2019-06-21
1y Target Est40.71
Trade prices are not sourced from all markets
  • 7 Battery Stocks for High-Powered Gains
    InvestorPlace2 days ago

    7 Battery Stocks for High-Powered Gains

    [Editor's note: "7 Battery Stocks for High-Powered Gains" was previously published in May 2019. It has since been updated to include the most relevant information available.]One of the underperforming sectors in the stock market today is the battery sector. Trade tensions, higher raw material costs and global inflation are just a few of the macroeconomic headwinds that consumer discretionary stocks face. Yet stock markets tend to over-exaggerate on the downside risks, punishing a sector on the view that things will not improve.Fundamentally, the battery market is undergoing a major shift. Electric vehicles are driving the demand for lithium-ion batteries. Solar power panel prices plunged in recent years. This is creating a potentially higher demand for battery solutions to store energy captured from such panels.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Stocks Top Investors Are Buying Now How might investors play the battery boom led by growing electric vehicle production and a soaring number of devices needing portable power? Battery Stocks to Buy: Tesla (TSLA)Source: Shutterstock Let us start with Tesla (NASDAQ:TSLA). The stock has fallen by nearly 25% this year because its unit sales of EVs are under pressure. With government subsidies no longer supporting them as much, Tesla shares are underperforming.Still, the company's ambition extends beyond electric cars. On May 16, Tesla completed its acquisition of Maxwell. At a cost of just $200 million, it gains some valuable intellectual property. Maxwell is best known for its manufacturing of ultracapacitors, but it is also developing dry electrode technology for batteries.If Maxwell's R&D efforts pay off, the unit could bring performance enhancements for lithium-ion battery cells. For starters, Tesla could start manufacturing batteries that have an energy density of over 500Wh/kg. That would bring a 15% to 100% increase to Tesla's current battery technology.Informally, Tesla has the best battery technology in the auto industry. Adding Maxwell's IP may also result in lithium-ion batteries that gain in capacity and will not lose energy after charged. Ultimately, TSLA stock could start turning around once the company implements the new technology. Having battery technology that is even further ahead of that offered by other automobile manufacturers could drive Tesla EV sales.Tesla is facing a slowdown in sales of Model S and Model 3. It has a cross-over Model Y that is not yet on the market. Chances are good that both the Model Y release and new battery technology coming with it will give the stock a boost. Energizer Holdings (ENR)Source: Shutterstock Shares of Energizer Holdings (NYSE:ENR) are stuck in a narrow trading range of between $37.50 and $40,50. Known best for its Energizer bunny rabbit on television commercials, the company is more than just a battery company. It has ambitions for transforming into a diversified global household products leader. This change brings along with it high goals. Energizer aims to grow adjusted free cash flow to $330 million-$370 million in 2020.There are three goals:1\. Generating adjusted EBITDA of $650 million-$675 million. 2\. Driving organic sales growth through pricing, innovation, and distribution gains. 3\. Deleveraging its balance sheet to a net leverage ratio of 4 times.Energizer bolstered its battery business by completing its acquisition of Battery and Auto Care. In doing so, the company will establish itself as a global leader while adding brands to diversify its business. It expanded its manufacturing facilities. Plus, over the past five years, it optimized its legacy factories to improve on cost and efficiency.In its second quarter, Energizer took advantage of strong demand for its legacy batteries by raising prices. Energizer MAX and Energizer lithium product prices rose in the U.S. The company expects to complete the price hike in international markets by the end of the fiscal year. * 7 Stocks Top Investors Are Buying Now ENR shares trade at 12 times forward P/E. With its consumer battery business strong and auto battery entry underway, the stock has the potential to break out of the trading range. Enphase Energy (ENPH)Enphase Energy (NASDAQ:ENPH) surged to a new 52-week high after the company reported a strong first quarter. Revenue rose 43%, while the company issued a second-quarter revenue outlook. It now expects revenue in the range of $115 million-$125 million. This is above the $96 million analysts had expected.Enphase makes microinverters, which the company says "offer the most advanced inverter technology on the market, which means higher production, greater reliability, and unmatched intelligence." In the first quarter, Enphase shipped 976,410 microinverters. The company now has 2,500 homeowners that joined its Enphase Upgrade Program. In doing so, these customers get quality and service. And strong customer satisfaction is leading to more business.Enphase still grew revenue in the quarter despite facing component shortages in all of its regions. This implies that once the supply issues are resolved, revenue should grow at an even faster pace. Looking ahead, Enphase expects to have a capacity of 2 million microconverters by the fourth quarter of 2019. The higher supply will also cut its microinverter lead times to around 6-8 weeks.Enphase will expand its IQ7 microinverter regionally. Adding high-power and high-performance products, adding AC modules, and bringing Ensemble Solar and Storage technology will further drive revenue.ENPH stock is near a 52-week high but may continue climbing higher following that strong earnings report. Panasonic Corporation (PCRFY)Source: Panasonic Panasonic Corporation (OTCMKTS:PCRFY) fell to yearly lows on no recent bad news. On May 9, the company announced that it would team up with Toyota (NYSE: TM) to make smart homes. Panasonic is already an existing partner in supplying batteries for Toyota's electric vehicles. So with tens of thousands of homes potentially implementing a smart home, the partnership is a natural extension.Panasonic specializes in batteries and home appliances, while Toyota started developing robots that help with household jobs.In January, the two firms formed a joint venture for the manufacture of EV batteries. Toyota will own 51% of the venture while Panasonic will own the remaining 49%. The companies aim to increase battery capacity by 50 times, compared to those used in current Toyota hybrid vehicles. Mazda, Subaru and Daihatsu will source batteries from this joint venture. Honda already uses Panasonic batteries but will benefit from this new collaboration. * 7 Stocks Top Investors Are Buying Now Panasonic and Toyota will also develop solid-state batteries, which will eventually replace the lithium-ion batteries used in electric cars today. By offering a higher range at a lower cost, these new battery types could drive Panasonic's revenues higher. Johnson Controls (JCI)Source: Shutterstock Johnson Controls (NYSE:JCI) is the largest manufacturer of automotive batteries. The company consolidated its business in the second quarter when it closed the sale of Power Solutions ahead of schedule. Brookfield Business Partners closed its $13.2 billion acquisition of the battery unit on Apr. 30.With the battery unit sold, why should investors consider JCI stock? With growth prospects in other markets, investors could get some diversification away from battery suppliers. JCI's underlying fundamentals are strong and the company enjoys an $8.8 billion backlog. This gives it clear visibility into 2020.In the second quarter, JCI's adjusted sales grew 3% year-on-year as EPS grew 23% to 32 cents. The $5.8 billion in revenue from the Buildings unit is another bonus for holding the stock. Though JCI sold its battery unit, it still has institutional knowledge around the energy storage solutions market. For example, HVAC and controls rose in the mid-single digits while the fire and security unit is up in the mid-single-digit growth rate.For fiscal 2019, JCI expects adjusted free cash flow conversion topping 95%.On the balance sheet, JCI ended Q2 with $12.15 billion in debt. The sale of Power Solutions allows the company to cut debt by $3.4 billion. It has $8.2 billion to buyback shares. By investing back into the company, Johnson Controls' stock could trade at new highs in the coming months. Albemarle (ALB)Source: fdecomite via Flickr (Modified)In the specialty chemicals space, Albemarle (NYSE:ALB), which forecast revenue rising 8%-14% this year, benefited from lithium prices rising 3% from last year. The company reported revenue of $832 million and adjusted EBITDA of $226 million. Still, the company's EPS fell 5% year-on-year to $1.23.Albemarle noted on its conference call that global sales of electric vehicles rose by almost 60%. This led to battery production rising. The company generated sales of $292 million for lithium. Thanks to a long-term agreement structure, pricing rose 3%. * 7 Stocks Top Investors Are Buying Now For the full-year 2019, Albemarle expands sustained, strong demand for lithium. And although excess lithium carbonate from China hurt prices for carbonate, Albemarle will not compete in the same markets until pricing improves. Overall, management expects production growth of 15,000 to 20,000 metric tons and EBITDA growing in the high teens. With the company committed to 40% margins and existing long-term contracts in place, ALB stock should not stay at yearly lows for too long. Sociedad Quimica y Minera de Chile S.A. (SQM)Source: Shutterstock Sociedad Quimica y Minera de Chile S.A. (NYSE:SQM) is another lithium supplier. In April, it raised its lithium outlook and said it expected sales of around 50,000 tons. The higher output is due to its operations in the Atacama salt flat.SQM shares aren't far from their 52-week lows largely because of the company's disappointing first-quarter earnings report. . In Q1, the company's top and bottom lines came in meaningfully below analysts' average estimates.Investors are not confident that the company will meet the demand growth led by full electric vehicle penetration levels reaching ~2%. Still, if SQM can increase its total capacity this year and next, the company may eventually achieve its 180,000 metric ton output target. In the near-term, SQM will keep producing at levels about demand, accumulating inventory. In doing so, it will have more flexibility in selling in higher volume if prices and demand levels are favorable.For the rest of 2019, SQM expects pricing levels similar to last year's levels. Strategically, the company will not go after market share in the short-term. Instead, it expects demand in 2025 will top one million metric tons. From there, it is positioning the company to have the output capabilities to meet that demand level.As of this writing, Chris Lau did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Stocks Top Investors Are Buying Now * The 10 Best Cryptocurrencies to Keep on Your Radar * 7 Marijuana Penny Stocks That Could Triple (But You Won't Make Money) The post 7 Battery Stocks for High-Powered Gains appeared first on InvestorPlace.

  • Moody's4 days ago

    Fengate PCL Progress Partners MBR LP -- Moody's assigns A3 rating to Fengate PCL Progress Partners MBR LP senior secured bonds; outlook stable

    Moody's Investors Service ("Moody's") today assigned a first-time A3 rating to two amortizing senior secured bonds totaling approximately CAD144.5 million to be issued by Fengate PCL Progress Partners MBR LP (Project Co or the Issuer). Project Co will use the bond proceeds to finance a portion of its obligations under a long-term project agreement (Project Agreement) with the Province of Ontario (the Authority, Aa3 stable) to design, build, finance, maintain and rehabilitate the reconstruction of the MacDonald Block Complex in Toronto, Ontario (the Project). During the construction period, Project Co will receive construction period payments from the Authority and a Substantial Completion Payment upon completion.

  • PR Newswire5 days ago

    Johnson Controls announces Third Quarter 2019 Earnings Conference Call Webcast

    CORK, Ireland , July 15, 2019 /PRNewswire/ -- Johnson Controls International plc (NYSE: JCI) announces the following webcast:  What: Johnson Controls Third Quarter Fiscal 2019 Earnings Conference Call ...

  • Barrons.com7 days ago

    It’s Time To Trim Lennox, Even Though Air Conditioning is Hot

    Lennox shares have returned 36% since November 2, when Barron’s recommend them. We still like the air-conditioning industry, but everything has its price.

  • Why Soaring Homebuilding Stocks May Plunge Even As Fed Cuts Rates
    Investopedia9 days ago

    Why Soaring Homebuilding Stocks May Plunge Even As Fed Cuts Rates

    Among the negatives are falling builder confidence, rising costs, labor shortages, trade tensions with China that may disrupt supplies of materials, and disappointing recent sales figures, according to a detailed story in The Wall Street Journal as outlined below. The S&P Homebuilders Select Industry Index has surged by 28.5% for this year through July 10, outdistancing the 19.4% gain for S&P 500 Index (SPX), per S&P Dow Jones Indices. A leading ETF tracking the homebuilding index, the SPDR S&P Homebuilders ETF (XHB), is up by 29.7% based on adjusted closing price data from Yahoo Finance.

  • Barrons.com12 days ago

    United Technologies and 2 Other Air-Conditioning Stock Picks for a ‘Golden Era’ of Hot Returns

    JPMorgan analyst Stephen Tusa likes United Technologies, Ingersoll-Rand, and Emerson Electric. He’s cooler on Lennox International.

  • Are Johnson Controls International plc (NYSE:JCI) Investors Paying Above The Intrinsic Value?
    Simply Wall St.16 days ago

    Are Johnson Controls International plc (NYSE:JCI) Investors Paying Above The Intrinsic Value?

    In this article we are going to estimate the intrinsic value of Johnson Controls International plc (NYSE:JCI) by...

  • How Worldpay Inc and Other Hedge Fund Darlings Performed in Q2
    Insider Monkey20 days ago

    How Worldpay Inc and Other Hedge Fund Darlings Performed in Q2

    Insider Monkey tracks hedge funds, billionaires, and prominent value investors for a very simple reason: their consensus picks generally outperform the market. We aren’t the only research shop broadcasting this fact using a bullhorn. Here is what strategist Ben Snider said in Goldman Sachs’ periodic hedge fund report: “Despite the strong track record of popular […]

  • Air Conditioning Is the World's Next Big Threat
    Bloomberg22 days ago

    Air Conditioning Is the World's Next Big Threat

    (Bloomberg Opinion) -- The vast majority of Americans have air conditioning but in Germany almost nobody does. At least not yet.(2)So when temperatures in Berlin rose to an uncomfortable 37 Celsius (99 Fahrenheit) this week – a record for the month of June – I was uncommonly delighted to go to the Bloomberg office, where it’s artificially and blissfully cool.By letting people in overheated climates concentrate on their work and get a good night’s sleep, air conditioning has played a big part in driving global prosperity and happiness over the past few decades – and that revolution has still barely begun. About half of Chinese households have this modern tool, but of the 1.6 billion people living in India and Indonesia, only 88 million have access to air conditioning at home, Bloomberg New Energy Finance noted in a recent report.For many, relief is in sight. Because of the combination of population growth, rising incomes, falling equipment prices and urbanization, the number of air-conditioning units installed globally is set to jump from about 1.6 billion today to 5.6 billion by the middle of the century, according to the International Energy Agency.That’s encouraging news for U.S. manufacturers of cooling systems such as Carrier (United Technologies Corp), Ingersoll-Rand Plc and Johnson Controls International Plc. And because much of this growth will happen in Asia, Chinese companies such as Gree Electric Appliances, Qingdao Haier, Midea Group and Japan’s Daikin Industries Ltd should be big beneficiaries.There’s just one glaring problem: What will all this extra demand for electricity do to the climate? Carbon dioxide emissions rose another 2% in 2018, the fastest pace in seven years. That increase was alarming in its own right, given what we know about the unfolding climate emergency. But the proximate cause was especially troubling: Extreme weather led to more demand for air conditioning and heating in 2018, BP Plc explained in its annual review of energy sector.It’s not too hard to imagine a vicious cycle in which more hot weather begets ever more demand for air conditioning and thus even more need for power. That in turn means more emissions and even hotter temperatures.(3)That feedback loop exists at a local level too. Air-conditioning units funnel heat outside, exacerbating the so-called “urban heat island” effect, which makes cities warmer than the countryside. BNEF expects electricity demand from residential and commercial air conditioning to increase by more than 140% by 2050 – an increase that’s comparable to adding the European Union’s entire electricity consumption. Air conditioning will represent 12.7% of electricity demand by the middle of the century, compared to almost 9% now, it thinks.Thankfully, much of that extra requirement will be met by solar power (the need for cooling is highest during daylight hours). But because temperatures don’t always return to comfortable levels when the sun goes down, there’s a danger that some of the additional electricity will be supplied by fossil power.Buildings have long been a blind spot in climate discussions even though they account for about one-fifth of global energy consumption. The inefficiency of air-conditioning systems or badly designed homes and offices simply aren’t as eye-catching as electric cars and making people feel ashamed about flying. At least Germany’s “passivhaus” movement, a way of building homes that require very little heating or cooling, shows some people are starting to recognize the peril.There are lessons to be learned from the world of lighting too. The LED revolution was spurred by innovation but also by better energy efficiency labeling on products and the discontinuing of out-of-date technology. Something similar needs to happen with air conditioning. There was a big step forward in January when the Kigali Amendment to the Montreal Protocol came into force. Although not well known, its aim is to phase out the use of potent greenhouse gases called hydrofluorocarbons, which are used widely in air conditioning systems. Unless substituted, these alone could cause 0.4C of additional warming by the end of the century.Yet true to form, President Donald Trump’s administration hasn’t yet submitted Kigali to the Senate for ratification, even though American manufacturers would benefit from demand for the new technologies that it would spawn.Trump knows all about the importance of good air con. He spends much of his time at his Palm Beach country club, a place that couldn’t exist without it. So he’d do well to remember this: You can air condition the 19th hole but not the golf course. And it’s starting to get awfully hot outside.(1) In the U.S. 90% of households have air-con, in Germany it's about 3%, which is similar to the U.K.(2) Warmer winters may obviate the need for as much heating in temperate countries, but the need for more cooling in densely populated tropical places will probably cause a net increase in energy demand and emissions. See this study.To contact the author of this story: Chris Bryant at cbryant32@bloomberg.netTo contact the editor responsible for this story: James Boxell at jboxell@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Chris Bryant is a Bloomberg Opinion columnist covering industrial companies. He previously worked for the Financial Times.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.

  • 3 Charts Suggest Cleantech Stocks Are Headed Higher
    Investopedia25 days ago

    3 Charts Suggest Cleantech Stocks Are Headed Higher

    Bullish chart patterns are becoming increasingly harder to find, but the cleantech space seem to tell a different story.

  • JCI vs. AAXN: Which Stock Is the Better Value Option?
    Zacks26 days ago

    JCI vs. AAXN: Which Stock Is the Better Value Option?

    JCI vs. AAXN: Which Stock Is the Better Value Option?

  • Is Johnson Controls (JCI) a Great Value Stock Right Now?
    Zacks26 days ago

    Is Johnson Controls (JCI) a Great Value Stock Right Now?

    Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

  • Markitlast month

    See what the IHS Markit Score report has to say about Johnson Controls International PLC.

    Johnson Controls International PLC NYSE:JCIView full report here! Summary * ETFs holding this stock are seeing positive inflows * Bearish sentiment is low and declining * Economic output in this company's sector is contracting Bearish sentimentShort interest | PositiveShort interest is low for JCI with fewer than 5% of shares on loan. Additionally, this was an improvement in sentiment as investors who seek to profit from falling equity prices reduced their short positions on June 12. Money flowETF/Index ownership | PositiveETF activity is positive. Over the last month, ETFs holding JCI are favorable, with net inflows of $8.38 billion. Additionally, the rate of inflows is increasing. Economic sentimentPMI by IHS Markit | NegativeAccording to the latest IHS Markit Purchasing Managers’ Index (PMI) data, output in the Industrialsis falling. The rate of decline is very significant relative to the trend shown over the past year, and is accelerating. The rate of contraction may ease in the coming months, however. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to score@ihsmarkit.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.

  • Intellicheck (IDN) Surges: Stock Moves 6.5% Higher
    Zackslast month

    Intellicheck (IDN) Surges: Stock Moves 6.5% Higher

    Intellicheck (IDN) saw a big move last session, as its shares jumped nearly 7% on the day, amid huge volumes.

  • Morningstarlast month

    4 Attractive Diversified Industrials Stocks

    Chief executives of some of the most well-known, global diversified industrial firms gathered in Florida late last month at the annual Electrical Products Group conference, where they touched on several broad themes, including robust demand leading to resilient organic growth, the muted impact from tariffs, and strong digitization trends sweeping the industry. After attending the conference and reviewing our coverage, our top picks among the diversified industrials we cover include  DuPont DD ,  Emerson Electric EMR ,  Johnson Controls International JCI , and  3M MMM .

  • PR Newswirelast month

    Johnson Controls announces quarterly dividend

    CORK, Ireland , June 12, 2019 /PRNewswire/ -- The board of directors of Johnson Controls International plc, (NYSE: JCI), has approved a regular quarterly cash dividend of $0.26 per common share payable ...

  • Consumer Discretionary Sector: Industries Snapshot
    Investopedialast month

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  • Are Investors Undervaluing Johnson Controls (JCI) Right Now?
    Zackslast month

    Are Investors Undervaluing Johnson Controls (JCI) Right Now?

    Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

  • PR Newswirelast month

    Johnson Controls International plc announces final results of cash tender offer

    CORK, Ireland, June 5, 2019 /PRNewswire/ -- Johnson Controls International plc ("JCI") (JCI) today announced the final results of its "modified Dutch auction" tender offer, which expired at 11:59 p.m., New York City time, on May 31, 2019. Based on the final count by Equiniti Trust Company, the depositary for the tender offer, JCI has accepted for payment 102,445,878 shares of JCI's ordinary shares at a purchase price of $39.25 per share, for a cost of $4,021,000,711.50, excluding fees and expenses related to the tender offer. Included in the 102,445,878 shares JCI accepted for purchase in the tender offer are 535,050 shares that JCI has elected to purchase pursuant to its right to purchase up to an additional 2% of its outstanding ordinary shares.

  • Do You Know What Johnson Controls International plc's (NYSE:JCI) P/E Ratio Means?
    Simply Wall St.2 months ago

    Do You Know What Johnson Controls International plc's (NYSE:JCI) P/E Ratio Means?

    The goal of this article is to teach you how to use price to earnings ratios (P/E ratios). We'll look at Johnson...

  • PR Newswire2 months ago

    Johnson Controls International plc announces preliminary results of cash tender offer

    CORK, Ireland, June 3, 2019 /PRNewswire/ -- Johnson Controls International plc ("JCI") (JCI) today announced the preliminary results of its "modified Dutch auction" tender offer, which expired at 11:59 p.m., New York City time, on May 31, 2019. Based on the preliminary count by Equiniti Trust Company, the depositary for the tender offer, a total of approximately 102,318,204 shares of JCI's ordinary shares were properly tendered and not properly withdrawn at or below a purchase price of $39.25 per share, including shares that were tendered by notice of guaranteed delivery. In accordance with the terms and conditions of the tender offer and based on the preliminary count by the depositary, JCI expects to accept for payment, at a purchase price of $39.25, approximately 102,318,204 shares properly tendered at or below the purchase price and not properly withdrawn before the expiration date, at an aggregate cost of approximately $4,015,989,507, excluding fees and expenses relating to the tender offer.