Johnson Controls International (NYSE:JCI) Price Target Raised to $64.00 at Barclays

Johnson Controls International (NYSE:JCI) had its price target hoisted by Barclays from $62.00 to $64.00 in a research report sent to investors on Wednesday, Benzinga reports. The firm currently has an equal weight rating on the stock.

JCI has been the topic of several other reports. Bank of America increased their target price on Johnson Controls International from $80.00 to $95.00 and gave the stock a buy rating in a research report on Friday, September 27th. Morgan Stanley assumed coverage on shares of Johnson Controls International in a report on Friday, September 6th. They set an overweight rating and a $85.00 price objective on the stock. Oppenheimer raised their target price on shares of Johnson Controls International from $79.00 to $86.00 and gave the stock an outperform rating in a research report on Wednesday. Wells Fargo & Company upped their price target on shares of Johnson Controls International from $75.00 to $80.00 and gave the stock an overweight rating in a research report on Thursday, August 1st. Finally, The Goldman Sachs Group increased their price target 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 given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of Hold and a consensus target price of $72.21.

Johnson Controls International Stock Performance

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. The firm has a market cap of $50.55 billion, a PE ratio of 30.64, a P/E/G ratio of 1.87 and a beta of 1.29. The firm has a 50 day simple moving average of $71.35 and a 200-day simple moving average of $68.77. Johnson Controls International has a 1-year low of $47.90 and a 1-year high of $78.23.

Johnson Controls International (NYSE:JCI) last released its earnings results on Wednesday, July 31st. The company reported $1.14 EPS for the quarter, topping the consensus estimate of $1.08 by $0.06. Johnson Controls International had a net margin of 6.02% and a return on equity of 13.64%. The firm had revenue of $7.23 billion during the quarter, compared to analysts’ expectations of $7.53 billion. During the same period in the previous year, the company earned $1.03 EPS. Johnson Controls International’s revenue for the quarter was up 1.4% on a year-over-year basis. On average, equities analysts expect that Johnson Controls International will post 3.68 EPS for the current year.

Johnson Controls International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 18th. Shareholders of record on Wednesday, September 25th will be given a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 1.96%. The ex-dividend date is Wednesday, September 25th. Johnson Controls International’s dividend payout ratio (DPR) is presently 59.92%.

Insiders Place Their Bets

In related news, CEO George Oliver sold 110,615 shares of the firm’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $72.67, for a total transaction of $8,038,392.05. Following the sale, the chief executive officer now directly owns 1,243,751 shares in the company, valued at approximately $90,383,385.17. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other Johnson Controls International news, COO Nathan D. Manning sold 3,000 shares of the company’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $77.08, for a total value of $231,240.00. Following the completion of the transaction, the chief operating officer now directly owns 140,488 shares of the company’s stock, valued at $10,828,815.04. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO George Oliver sold 110,615 shares of the firm’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $72.67, for a total value of $8,038,392.05. Following the sale, the chief executive officer now owns 1,243,751 shares of the company’s stock, valued at $90,383,385.17. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 116,879 shares of company stock worth $8,503,656 over the last quarter. 0.69% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in Johnson Controls International by 17.3% during the 4th quarter. Vanguard Group Inc. now owns 71,387,169 shares of the company’s stock worth $4,114,756,000 after purchasing an additional 10,522,009 shares during the last quarter. Capital World Investors grew its position in shares of Johnson Controls International by 85.5% during the first quarter. Capital World Investors now owns 14,142,736 shares of the company’s stock worth $923,804,000 after buying an additional 6,520,580 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC increased its stake in shares of Johnson Controls International by 686.4% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 4,445,418 shares of the company’s stock worth $295,487,000 after buying an additional 3,880,146 shares during the last quarter. Clean Energy Transition LLP acquired a new stake in Johnson Controls International in the fourth quarter valued at $124,553,000. Finally, M&G Plc bought a new position in Johnson Controls International during the 1st quarter valued at $120,948,000. Hedge funds and other institutional investors own 90.05% of the company’s stock.

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.