Johnson Controls International (NYSE:JCI) Price Target Increased to $86.00 by Analysts at Oppenheimer

Johnson Controls International (NYSE:JCI) had its target price increased by Oppenheimer from $79.00 to $86.00 in a report published on Wednesday morning, Benzinga reports. Oppenheimer currently has an outperform rating on the stock.

A number of other research analysts also recently issued reports on JCI. StockNews.com upgraded Johnson Controls International from a hold rating to a buy rating in a report on Friday, August 2nd. Wells Fargo & Company lifted their target price on Johnson Controls International from $75.00 to $80.00 and gave the company an overweight rating in a research note on Thursday, August 1st. Robert W. Baird increased their price target on shares of Johnson Controls International from $72.00 to $78.00 and gave the company a neutral rating in a research report on Thursday, August 1st. Bank of America lifted their price objective on shares of Johnson Controls International from $80.00 to $95.00 and gave the stock a buy rating in a research report on Friday, September 27th. Finally, The Goldman Sachs Group boosted their price objective on shares of Johnson Controls International from $73.00 to $81.00 and gave the stock a buy rating in a research note on Friday, August 2nd. Eleven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, Johnson Controls International has a consensus rating of Hold and a consensus target price of $72.21.

Johnson Controls International Stock Up 0.3 %

NYSE:JCI opened at $75.68 on Wednesday. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.96 and a quick ratio of 0.73. Johnson Controls International has a 1-year low of $47.90 and a 1-year high of $78.23. The company has a 50-day moving average of $71.35 and a 200 day moving average of $68.74. The firm has a market cap of $50.55 billion, a PE ratio of 30.64, a price-to-earnings-growth ratio of 1.87 and a beta of 1.29.

Johnson Controls International (NYSE:JCI) last released its quarterly earnings data on Wednesday, July 31st. The company reported $1.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.08 by $0.06. The firm had revenue of $7.23 billion for the quarter, compared to the consensus estimate of $7.53 billion. Johnson Controls International had a net margin of 6.02% and a return on equity of 13.64%. The company’s quarterly revenue was up 1.4% on a year-over-year basis. During the same period last year, the firm earned $1.03 earnings per share. As a group, research analysts anticipate that Johnson Controls International will post 3.68 EPS for the current fiscal year.

Johnson Controls International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 18th. Investors of record on Wednesday, September 25th will be given a dividend of $0.37 per share. The ex-dividend date is Wednesday, September 25th. This represents a $1.48 dividend on an annualized basis and a yield of 1.96%. Johnson Controls International’s dividend payout ratio is presently 59.92%.

Insiders Place Their Bets

In other news, CEO George Oliver sold 110,615 shares of the business’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $72.67, for a total value of $8,038,392.05. Following the completion of the transaction, the chief executive officer now owns 1,243,751 shares of the company’s stock, valued at $90,383,385.17. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, CEO George Oliver sold 110,615 shares of Johnson Controls International stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $72.67, for a total transaction of $8,038,392.05. Following the completion of the transaction, the chief executive officer now directly owns 1,243,751 shares of the company’s stock, valued at $90,383,385.17. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Nathan D. Manning sold 1,167 shares of the business’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $72.75, for a total transaction of $84,899.25. Following the completion of the transaction, the chief operating officer now owns 143,488 shares of the company’s stock, valued at approximately $10,438,752. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 116,879 shares of company stock valued at $8,503,656. 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 modified their holdings of the business. Rise Advisors LLC purchased a new position in Johnson Controls International during the first quarter worth approximately $25,000. Continuum Advisory LLC lifted its position in shares of Johnson Controls International by 65.2% during the 2nd quarter. Continuum Advisory LLC now owns 527 shares of the company’s stock valued at $35,000 after buying an additional 208 shares in the last quarter. Friedenthal Financial purchased a new position in shares of Johnson Controls International during the 2nd quarter valued at approximately $47,000. Hexagon Capital Partners LLC increased its holdings in Johnson Controls International by 39.7% in the 2nd quarter. Hexagon Capital Partners LLC now owns 711 shares of the company’s stock worth $47,000 after acquiring an additional 202 shares in the last quarter. Finally, Family Firm Inc. acquired a new position in Johnson Controls International during the second quarter worth $48,000. Hedge funds and other institutional investors 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.