Robert W. Baird Raises Johnson Controls International (NYSE:JCI) Price Target to $72.00

Johnson Controls International (NYSE:JCI) had its target price upped by Robert W. Baird from $62.00 to $72.00 in a research report sent to investors on Monday morning, Benzinga reports. They currently have a neutral rating on the stock.

JCI has been the topic of a number of other reports. Wells Fargo & Company boosted their price target on Johnson Controls International from $70.00 to $75.00 and gave the company an overweight rating in a report on Wednesday, July 10th. Oppenheimer boosted their price target on Johnson Controls International from $70.00 to $76.00 and gave the company an outperform rating in a report on Thursday, June 27th. Citigroup boosted their price target on Johnson Controls International from $59.00 to $68.00 and gave the company a neutral rating in a report on Monday, April 8th. UBS Group lowered Johnson Controls International from a buy rating to a neutral rating and cut their price target for the company from $74.00 to $68.00 in a report on Monday, May 6th. Finally, The Goldman Sachs Group boosted their price target on Johnson Controls International from $66.00 to $73.00 and gave the company a buy rating in a report on Wednesday, July 10th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, Johnson Controls International has an average rating of Hold and a consensus price target of $65.23.

Johnson Controls International Stock Down 3.2 %

NYSE:JCI opened at $69.85 on Monday. Johnson Controls International has a 1 year low of $47.90 and a 1 year high of $74.23. The company has a current ratio of 0.87, a quick ratio of 0.65 and a debt-to-equity ratio of 0.44. The stock has a market cap of $47.06 billion, a price-to-earnings ratio of 28.28, a PEG ratio of 1.83 and a beta of 1.28. The stock has a 50-day moving average price of $69.35 and a two-hundred day moving average price of $63.35.

Johnson Controls International (NYSE:JCI) last posted its earnings results on Wednesday, May 1st. The company reported $0.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.75 by $0.03. Johnson Controls International had a return on equity of 13.21% and a net margin of 6.32%. The firm had revenue of $6.70 billion during the quarter, compared to analysts’ expectations of $7.51 billion. During the same period in the previous year, the firm earned $0.75 earnings per share. The company’s revenue was down 6.1% on a year-over-year basis. As a group, equities analysts expect that Johnson Controls International will post 3.59 earnings per share for the current year.

Johnson Controls International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 19th. Shareholders of record on Monday, June 24th will be paid a $0.37 dividend. The ex-dividend date is Monday, June 24th. This represents a $1.48 annualized dividend and a yield of 2.12%. Johnson Controls International’s dividend payout ratio is 59.92%.

Insider Buying and Selling at Johnson Controls International

In other Johnson Controls International news, VP Daniel C. Mcconeghy sold 9,342 shares of the company’s stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $65.50, for a total value of $611,901.00. Following the sale, the vice president now owns 25,378 shares in the company, valued at $1,662,259. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Johnson Controls International news, Director Juergen Tinggren sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $62.31, for a total value of $249,240.00. Following the sale, the director now owns 30,120 shares in the company, valued at $1,876,777.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Daniel C. Mcconeghy sold 9,342 shares of the company’s stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $65.50, for a total value of $611,901.00. Following the completion of the sale, the vice president now owns 25,378 shares in the company, valued at approximately $1,662,259. The disclosure for this sale can be found here. Insiders have sold 18,067 shares of company stock worth $1,162,299 over the last 90 days. Company insiders own 0.69% of the company’s stock.

Hedge Funds Weigh In On Johnson Controls International

Several institutional investors and hedge funds have recently made changes to their positions in the company. Comprehensive Financial Consultants Institutional Inc. grew its position in shares of Johnson Controls International by 7.7% in the second quarter. Comprehensive Financial Consultants Institutional Inc. now owns 56,266 shares of the company’s stock valued at $3,740,000 after purchasing an additional 4,010 shares during the last quarter. Mcdonald Partners LLC grew its position in shares of Johnson Controls International by 47.1% in the second quarter. Mcdonald Partners LLC now owns 15,994 shares of the company’s stock valued at $1,063,000 after purchasing an additional 5,120 shares during the last quarter. Hengehold Capital Management LLC grew its position in shares of Johnson Controls International by 1.3% in the second quarter. Hengehold Capital Management LLC now owns 52,522 shares of the company’s stock valued at $3,491,000 after purchasing an additional 689 shares during the last quarter. Baader Bank Aktiengesellschaft acquired a new position in shares of Johnson Controls International in the second quarter valued at approximately $215,000. Finally, 180 Wealth Advisors LLC acquired a new position in shares of Johnson Controls International in the second quarter valued at approximately $463,000. Institutional investors and hedge funds own 90.05% of the company’s stock.

Johnson Controls International Company Profile

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.