Johnson Controls International (NYSE:JCI) Price Target Raised to $90.00

Johnson Controls International (NYSE:JCI) had its price objective lifted by Robert W. Baird from $84.00 to $90.00 in a report published on Thursday,Benzinga reports. Robert W. Baird currently has a neutral rating on the stock.

A number of other research analysts have also weighed in on JCI. JPMorgan Chase & Co. dropped their price target on shares of Johnson Controls International from $100.00 to $81.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 8th. Wells Fargo & Company lifted their target price on shares of Johnson Controls International from $92.00 to $98.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Barclays reduced their target price on Johnson Controls International from $88.00 to $85.00 and set an “equal weight” rating for the company in a report on Monday, March 10th. Melius Research reiterated a “hold” rating and set a $95.00 price target on shares of Johnson Controls International in a report on Tuesday, January 28th. Finally, Royal Bank of Canada upped their price objective on Johnson Controls International from $86.00 to $93.00 and gave the company a “sector perform” rating in a research note on Thursday, February 6th. Eight investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, Johnson Controls International currently has a consensus rating of “Moderate Buy” and an average price target of $92.94.

Johnson Controls International Stock Performance

Shares of JCI opened at $91.96 on Thursday. The firm has a market capitalization of $60.71 billion, a P/E ratio of 35.10, a P/E/G ratio of 1.96 and a beta of 1.28. Johnson Controls International has a 52 week low of $64.31 and a 52 week high of $92.41. The stock has a 50 day moving average price of $80.63 and a two-hundred day moving average price of $81.60. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.86 and a current ratio of 1.02.

Johnson Controls International (NYSE:JCI) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.05. The business had revenue of $5.68 billion during the quarter, compared to the consensus estimate of $5.64 billion. Johnson Controls International had a return on equity of 15.11% and a net margin of 6.83%. Johnson Controls International’s revenue was up 1.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.78 earnings per share. Equities analysts forecast that Johnson Controls International will post 3.64 earnings per share for the current fiscal year.

Johnson Controls International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Monday, March 24th were paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.61%. The ex-dividend date was Monday, March 24th. Johnson Controls International’s payout ratio is currently 56.49%.

Insider Activity at Johnson Controls International

In other news, VP Nathan D. Manning sold 1,422 shares of the firm’s stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $79.72, for a total value of $113,361.84. Following the completion of the transaction, the vice president now directly owns 145,502 shares of the company’s stock, valued at $11,599,419.44. This trade represents a 0.97 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director George Oliver sold 184,331 shares of the stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $79.49, for a total value of $14,652,471.19. Following the sale, the director now directly owns 1,019,562 shares in the company, valued at $81,044,983.38. This trade represents a 15.31 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 728,458 shares of company stock worth $62,293,059. Corporate insiders own 0.54% of the company’s stock.

Institutional Trading of Johnson Controls International

Institutional investors and hedge funds have recently bought and sold shares of the company. Park Avenue Securities LLC increased its holdings in shares of Johnson Controls International by 101.5% in the fourth quarter. Park Avenue Securities LLC now owns 26,517 shares of the company’s stock worth $2,093,000 after purchasing an additional 13,360 shares during the period. Certuity LLC purchased a new position in Johnson Controls International during the fourth quarter worth about $243,000. BNC Wealth Management LLC bought a new position in Johnson Controls International in the 4th quarter worth about $2,093,000. Seros Financial LLC bought a new position in Johnson Controls International in the 4th quarter worth about $561,000. Finally, Czech National Bank raised its holdings in shares of Johnson Controls International by 6.4% in the 4th quarter. Czech National Bank now owns 144,839 shares of the company’s stock valued at $11,432,000 after acquiring an additional 8,758 shares in the last quarter. 90.05% of the stock is currently owned by hedge funds and other institutional investors.

About Johnson Controls International

Johnson Controls International plc, together with its subsidiaries, engages in engineering, manufacturing, commissioning, and retrofitting building products and systems in the United States, Europe, the Asia Pacific, and internationally. It operates in four segments: Building Solutions North America, Building Solutions EMEA/LA, Building Solutions Asia Pacific, and Global Products.