Johnson Controls International (NYSE:JCI) Price Target Lowered to $92.00 at Wells Fargo & Company

Johnson Controls International (NYSE:JCI) had its target price lowered by Wells Fargo & Company from $95.00 to $92.00 in a report released on Tuesday morning,Benzinga reports. The firm currently has an overweight rating on the stock.

Other analysts have also issued research reports about the stock. Barclays raised their price objective on shares of Johnson Controls International from $75.00 to $83.00 and gave the stock an “equal weight” rating in a report on Thursday, December 5th. Robert W. Baird raised their price target on Johnson Controls International from $80.00 to $85.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Bank of America boosted their price objective on Johnson Controls International from $80.00 to $95.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. Argus upgraded Johnson Controls International from a “hold” rating to a “buy” rating and set a $88.00 target price for the company in a research note on Friday, December 20th. Finally, Mizuho lifted their price target on Johnson Controls International from $62.00 to $75.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. Ten research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, Johnson Controls International presently has an average rating of “Hold” and an average price target of $81.07.

Johnson Controls International Price Performance

Shares of NYSE:JCI opened at $79.27 on Tuesday. The company has a market capitalization of $52.49 billion, a PE ratio of 31.21, a P/E/G ratio of 2.31 and a beta of 1.32. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.79 and a current ratio of 0.94. The company’s fifty day moving average is $81.66 and its 200-day moving average is $75.08. Johnson Controls International has a 52 week low of $51.71 and a 52 week 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. Shareholders of record on Monday, December 23rd will be given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 1.87%. The ex-dividend date of this dividend is Monday, December 23rd. Johnson Controls International’s payout ratio is 58.27%.

Insider Activity

In other Johnson Controls International news, CEO George Oliver sold 224,152 shares of the company’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $82.72, for a total value of $18,541,853.44. Following the completion of the sale, the chief executive officer now owns 1,166,992 shares of the company’s stock, valued at approximately $96,533,578.24. This represents a 16.11 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Marlon Sullivan sold 7,230 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $83.35, for a total value of $602,620.50. Following the sale, the executive vice president now directly owns 32,246 shares in the company, valued at approximately $2,687,704.10. This represents a 18.31 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 758,588 shares of company stock valued at $62,480,987 in the last 90 days. 0.69% of the stock is owned by company insiders.

Institutional Trading of Johnson Controls International

Several hedge funds have recently bought and sold shares of the stock. Norway Savings Bank increased its position in shares of Johnson Controls International by 3.3% during the fourth quarter. Norway Savings Bank now owns 13,795 shares of the company’s stock worth $1,089,000 after acquiring an additional 445 shares in the last quarter. Diversified Trust Co acquired a new position in Johnson Controls International in the 4th quarter worth $215,000. Boltwood Capital Management increased its holdings in Johnson Controls International by 13.3% during the 4th quarter. Boltwood Capital Management now owns 6,318 shares of the company’s stock worth $499,000 after purchasing an additional 740 shares in the last quarter. Nordea Investment Management AB raised its stake in shares of Johnson Controls International by 5.1% in the 4th quarter. Nordea Investment Management AB now owns 60,970 shares of the company’s stock valued at $4,817,000 after purchasing an additional 2,953 shares during the period. Finally, GAMMA Investing LLC lifted its holdings in shares of Johnson Controls International by 14.1% in the fourth quarter. GAMMA Investing LLC now owns 11,519 shares of the company’s stock valued at $909,000 after purchasing an additional 1,427 shares in the last quarter. 90.05% of the stock is currently owned by institutional investors and hedge funds.

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.