JCI - Johnson Controls International plc

NYSE - Nasdaq Real Time Price. Currency in USD
38.60
-0.16 (-0.43%)
As of 2:10PM EDT. Market open.
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Previous Close38.76
Open38.84
Bid38.64 x 1400
Ask38.65 x 3000
Day's Range38.47 - 38.94
52 Week Range28.30 - 40.33
Volume9,258,568
Avg. Volume5,041,182
Market Cap34.667B
Beta (3Y Monthly)1.29
PE Ratio (TTM)15.09
EPS (TTM)2.56
Earnings DateJul 29, 2019 - Aug 2, 2019
Forward Dividend & Yield1.04 (2.77%)
Ex-Dividend Date2019-03-15
1y Target Est40.83
Trade prices are not sourced from all markets
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This is creating a potentially higher demand for battery solutions to store energy captured from such panels. * 7 High-Yield REITs to Buy (Even When the Market Tanks) How might investors play the battery boom led by growing electric vehicle production and a soaring number of devices needing portable power?InvestorPlace - Stock Market News, Stock Advice & Trading Tips Battery Stocks to Buy: Tesla (TSLA)Source: Shutterstock Let us start with Tesla (NASDAQ:TSLA). The stock fell by over 40% because its unit sales of EVs are under pressure. With government subsidies no longer supporting them, 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 $43 and $46, though it closed recently at $47. 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. * 6 Chinese Stocks That Could Pop On a Trade Deal ENR shares trade at 14 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 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 at 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 to Buy for Over 20% Upside Potential 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 stock may have traded close to yearly lows following its EPS falling 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%. * 10 Retirement Stocks That Won't Wilt in a Bear Market 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 are at 52-week lows because of the company's disappointing fourth-quarter earnings report. Despite strong demand, SQM failed to raise output to benefit from the prevailing trends. In the fourth quarter, the company reported revenue falling 1.7% to $565.2 million.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 * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 High-Yield REITs to Buy (Even When the Market Tanks) * 5 Great Blue-Chip Stocks to Buy Today * 7 Tech Stocks to Buy That Are Also Perfect for Retirement Compare Brokers The post 7 Battery Stocks for High-Powered Gains appeared first on InvestorPlace.

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  • PR Newswire9 days ago

    Johnson Controls announces pricing of cash tender offers

    CORK, Ireland , May 15, 2019 /PRNewswire/ -- Johnson Controls International plc (NYSE: JCI) today announced the pricing of its previously announced cash tender offers (each, an "Offer," and collectively, ...

  • PR Newswire9 days ago

    Johnson Controls announces early tender results and amendment of cash tender offers for senior notes

    CORK, Ireland , May 15, 2019 /PRNewswire/ -- Johnson Controls International plc (NYSE: JCI) today announced the early tender results of its previously announced cash tender offers (each, an "Offer," ...

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  • Markit17 days ago

    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 but are weakening * Bearish sentiment is low Bearish sentimentShort interest | PositiveShort interest is extremely low for JCI with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting JCI. Money flowETF/Index ownership | NegativeETF activity is negative and may be weakening. The net inflows of $2.83 billion over the last one-month into ETFs that hold JCI are among the lowest of the last year and appear to be slowing. Economic sentimentPMI by IHS Markit | NeutralAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Industrials sector is rising. The rate of growth is weak relative to the trend shown over the past year, 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.

  • Johnson Controls to present at Electrical Products Group Annual Conference
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    CORK, Ireland , May 6, 2019 /PRNewswire/ -- Johnson Controls International plc (NYSE: JCI) Chairman and Chief Executive Officer George Oliver will speak at the Electrical Products Group Annual Conference ...

  • Thomson Reuters StreetEvents21 days ago

    Edited Transcript of JCI earnings conference call or presentation 1-May-19 12:30pm GMT

    Q2 2019 Johnson Controls International PLC Earnings Call

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    PR Newswire21 days ago

    Johnson Controls International plc announces cash tender offer for up to $4,000,000,000 of its ordinary shares

    CORK, Ireland, May 3, 2019 /PRNewswire/ -- Johnson Controls International plc ("JCI") (JCI) announces that it has commenced a cash tender offer to purchase up to $4,000,000,000 of its ordinary shares. The complete terms of the offer are set forth in the Offer to Purchase dated today and the related Letter of Transmittal. JCI is conducting the offer by means of a procedure commonly called a "modified Dutch auction." This procedure allows shareholders to select the price, within a price range specified by JCI, and the number of shares they are willing to sell at that price (or, should a higher price be determined as the "purchase price," such higher price).

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  • PR Newswire23 days ago

    Johnson Controls announces cash tender offers for up to $1.5 billion in aggregate principal amount of senior notes

    CORK, Ireland, May 1, 2019 /PRNewswire/ -- Johnson Controls International plc (JCI) today announced the commencement of tender offers (each, an "Offer," and collectively, the "Offers") to purchase for cash up to $1.5 billion in aggregate principal amount (as such amount may be increased by JCI pursuant to the terms of the Offers, the "Aggregate Maximum Purchase Amount") of its 4.250% notes due 2021, 3.750% notes due 2021, 1.000% notes due 2023, 3.900% notes due 2026, 4.625% notes due 2023, 3.625% notes due 2024, 1.375% notes due 2025, 5.125% notes due 2045, 6.950% notes due 2045, 6.000% notes due 2036, 5.700% notes due 2041, 5.250% notes due 2041, 4.950% notes due 2064, 4.625% notes due 2044 and 4.500% notes due 2047.

  • PR Newswire23 days ago

    Johnson Controls reports strong organic revenue and earnings growth in fiscal Q2; Closes sale of Power Solutions business and increases fiscal 2019 guidance

    - GAAP EPS from continuing operations of $0.26 per share, including special items - Adjusted EPS from continuing operations of $0.32 , up 23% versus prior year - Sales of $5.8 billion , up 3%, reflecting ...

  • TheStreet.com24 days ago

    Johnson Controls International Expected to Earn 30 Cents a Share

    is expected to report quarterly earnings of 30 cents a share on sales of $5.8 billion before the market opens on Wednesday, May 1, based on a FactSet survey of 12 analysts. Johnson Controls International is currently trading at a price-to-forward-earnings ratio of 16.8 based on the 12-month estimates of 13 analysts surveyed by FactSet. Introducing TheStreet Courses: Financial titans Jim Cramer and Robert Powell are bringing their market savvy and investing strategies to you.

  • Benzinga24 days ago

    Q2 Earnings Preview For Johnson Controls

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    American City Business Journalslast month

    Johnson Controls partners with Microsoft on HQ project in UAE

    Microsoft announced the agreement Tuesday, which will see the Seattle-based tech company work with Johnson Controls to add artificial intelligence and smart building systems to the new headquarters of Beeah Sharjah Environment Co. LLC in the United Arab Emirates.