Johnson Controls International plc (NYSE:JCI) Given Average Rating of “Hold” by Analysts

Johnson Controls International plc (NYSE:JCI) has received a consensus rating of “Hold” from the sixteen brokerages that are covering the stock, Marketbeat.com reports. Eleven research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $78.57.

A number of analysts have commented on JCI shares. Royal Bank of Canada raised their price objective on shares of Johnson Controls International from $81.00 to $86.00 and gave the company a “sector perform” rating in a research report on Thursday, November 7th. Wells Fargo & Company boosted their price objective on Johnson Controls International from $84.00 to $90.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. Mizuho upped their price objective on Johnson Controls International from $62.00 to $75.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. Morgan Stanley assumed coverage on Johnson Controls International in a research note on Friday, September 6th. They set an “overweight” rating and a $85.00 target price on the stock. Finally, UBS Group started coverage on Johnson Controls International in a research note on Wednesday, November 13th. They issued a “neutral” rating and a $90.00 price target for the company.

Insider Transactions at Johnson Controls International

In related news, CEO George Oliver sold 124,497 shares of Johnson Controls International stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $82.67, for a total transaction of $10,292,166.99. Following the transaction, the chief executive officer now owns 1,267,716 shares in the company, valued at approximately $104,802,081.72. This trade represents a 8.94 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO Nathan D. Manning sold 3,000 shares of the firm’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $77.08, for a total value of $231,240.00. Following the completion of the sale, the chief operating officer now directly owns 140,488 shares of the company’s stock, valued at $10,828,815.04. This trade represents a 2.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 865,159 shares of company stock valued at $70,161,300 over the last 90 days. 0.69% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Johnson Controls International

A number of hedge funds have recently bought and sold shares of JCI. State Street Corp increased its stake in shares of Johnson Controls International by 1.1% during the third quarter. State Street Corp now owns 27,939,766 shares of the company’s stock worth $2,178,595,000 after acquiring an additional 300,712 shares during the period. Fisher Asset Management LLC boosted its position in shares of Johnson Controls International by 3.4% in the third quarter. Fisher Asset Management LLC now owns 15,295,506 shares of the company’s stock worth $1,187,084,000 after acquiring an additional 509,293 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Johnson Controls International by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 13,475,260 shares of the company’s stock valued at $1,041,822,000 after buying an additional 71,493 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Johnson Controls International by 8.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 5,855,075 shares of the company’s stock worth $389,214,000 after purchasing an additional 479,548 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Johnson Controls International by 514.9% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,391,562 shares of the company’s stock valued at $418,439,000 after buying an additional 4,514,792 shares in the last quarter. Institutional investors and hedge funds own 90.05% of the company’s stock.

Johnson Controls International Stock Up 1.5 %

JCI opened at $84.05 on Friday. The firm has a 50 day moving average price of $80.16 and a 200-day moving average price of $73.68. The stock has a market capitalization of $55.66 billion, a price-to-earnings ratio of 33.09, a PEG ratio of 2.35 and a beta of 1.31. The company has a quick ratio of 0.79, a current ratio of 0.94 and a debt-to-equity ratio of 0.46. Johnson Controls International has a twelve month low of $51.70 and a twelve month high of $87.16.

Johnson Controls International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Monday, December 23rd will be given a dividend of $0.37 per share. The ex-dividend date of this dividend is Monday, December 23rd. This represents a $1.48 dividend on an annualized basis and a yield of 1.76%. Johnson Controls International’s dividend payout ratio is presently 58.27%.

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.