Mon Sep 23 18:23:34 UTC 2024: ## Johnson Controls International (JCI) Hits New 52-Week High on Strong Earnings and Analyst Optimism

**New York, NY – September 23, 2024** – Shares of Johnson Controls International plc (NYSE:JCI) reached a new 52-week high during Monday’s trading session, closing at $75.25. The surge follows a strong earnings report and positive analyst sentiment.

The company reported earnings per share (EPS) of $1.14 for the second quarter, exceeding analysts’ expectations by $0.06. Revenue came in at $7.23 billion, slightly below the consensus estimate of $7.53 billion. However, the company’s revenue grew 1.4% year-over-year, showcasing continued growth in the building products and systems market.

Analysts have been bullish on JCI’s prospects, with several raising their price targets and issuing positive ratings. Robert W. Baird, Goldman Sachs, Wells Fargo, Oppenheimer, and Bank of America all upgraded their assessments, reflecting confidence in the company’s future performance.

While the average analyst rating remains a “Hold,” the recent positive sentiment and price target increases suggest a growing optimism surrounding JCI’s growth trajectory.

The company also declared a quarterly dividend of $0.37, payable on October 18th. This represents an annualized dividend of $1.48 and a dividend yield of 1.97%.

Insider trading activity remains noteworthy. COO Nathan D. Manning sold 1,167 shares on August 1st, while CEO George Oliver sold 110,615 shares on September 16th. Over the past quarter, insiders have sold a total of 115,046 shares, representing 0.69% of the company’s outstanding stock.

Institutional investors continue to show strong interest in JCI. Gilbert & Cook Inc., D.A. Davidson & CO., Corient Private Wealth LLC, Cambridge Investment Research Advisors Inc., and US Bancorp DE all increased their holdings in the fourth quarter.

Overall, Johnson Controls International appears to be on a strong growth trajectory, supported by favorable market conditions, positive analyst sentiment, and a robust dividend policy. Investors will be watching to see if the company can maintain its momentum in the coming quarters.

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