Johnson Controls International (NYSE:JCI) Price Target Raised to $145.00

Johnson Controls International (NYSE:JCI) had its price objective upped by BNP Paribas Exane from $130.00 to $145.00 in a report issued on Wednesday morning,Benzinga reports. BNP Paribas Exane currently has an underperform rating on the stock.

Several other brokerages have also recently weighed in on JCI. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Johnson Controls International in a research note on Wednesday, October 7th. Wells Fargo & Company boosted their price target on shares of Johnson Controls International from $186.00 to $200.00 and gave the stock an “overweight” rating in a research report on Wednesday. Morgan Stanley boosted their price target on shares of Johnson Controls International from $175.00 to $180.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 2nd. UBS Group reissued a “buy” rating on shares of Johnson Controls International in a report on Wednesday. Finally, Wall Street Zen lowered shares of Johnson Controls International from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $166.86.

Johnson Controls International Price Performance

Shares of NYSE JCI opened at $148.90 on Wednesday. Johnson Controls International has a 1-year low of $108.41 and a 1-year high of $160.41. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.90 and a quick ratio of 0.83. The firm has a market capitalization of $90.19 billion, a PE ratio of 30.67, a P/E/G ratio of 1.25 and a beta of 1.27. The business’s fifty day moving average price is $147.36 and its two-hundred day moving average price is $140.79.

Johnson Controls International (NYSE:JCI) last announced its quarterly earnings results on Tuesday, October 27th. The company reported $1.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.59 by $0.07. The company had revenue of $7.11 billion during the quarter, compared to analyst estimates of $7.04 billion. Johnson Controls International had a return on equity of 23.38% and a net margin of 11.12%. The firm’s quarterly revenue was up 10.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.26 EPS. On average, research analysts expect that Johnson Controls International will post 6.29 EPS for the current year.

Johnson Controls International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 16th. Investors of record on Monday, September 21st were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Monday, September 21st. Johnson Controls International’s payout ratio is presently 27.83%.

Insider Buying and Selling at Johnson Controls International

In related news, VP Lei Schlitz sold 23,417 shares of Johnson Controls International stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $153.07, for a total value of $3,584,440.19. Following the transaction, the vice president owned 15,017 shares of the company’s stock, valued at approximately $2,298,652.19. This trade represents a 60.93% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Juergen Tinggren sold 4,000 shares of the business’s stock in a transaction dated Wednesday, October 28th. The stock was sold at an average price of $159.19, for a total value of $636,760.00. Following the sale, the director owned 27,236 shares in the company, valued at approximately $4,335,698.84. The trade was a 12.81% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.29% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. NBH Bank acquired a new position in Johnson Controls International during the second quarter valued at approximately $29,000. Signature Equity Partners LLC increased its stake in Johnson Controls International by 96.2% in the third quarter. Signature Equity Partners LLC now owns 206 shares of the company’s stock valued at $31,000 after purchasing an additional 101 shares in the last quarter. Virginia Estate & Retirement Planning Advisors Inc. acquired a new stake in Johnson Controls International in the third quarter worth $33,000. Fourth Dimension Wealth LLC raised its holdings in Johnson Controls International by 51.3% in the second quarter. Fourth Dimension Wealth LLC now owns 230 shares of the company’s stock worth $34,000 after purchasing an additional 78 shares during the period. Finally, First Bancorp Inc ME bought a new position in shares of Johnson Controls International during the second quarter worth $34,000. 90.05% of the stock is currently owned by institutional investors and hedge funds.

Johnson Controls International Company Profile

Johnson Controls International plc (NYSE:JCI) is a global provider of building technology, products and services. The company helps customers design, operate and maintain efficient, healthy and secure buildings through solutions for heating, ventilation and air conditioning, building automation, energy management, fire detection and suppression, and physical security.

Its portfolio includes building controls and digital management platforms, HVAC equipment, chillers, air-handling systems, fire and security technologies, and related services.