Johnson Controls International (NYSE:JCI) Given New $87.00 Price Target at JPMorgan Chase & Co.

Johnson Controls International (NYSE:JCI) had its price target trimmed by JPMorgan Chase & Co. from $88.00 to $87.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has an overweight rating on the stock.

Several other equities analysts have also weighed in on the stock. Barclays raised their price objective on shares of Johnson Controls International from $75.00 to $83.00 and gave the company an “equal weight” rating in a research report on Thursday, December 5th. Oppenheimer raised their price target on shares of Johnson Controls International from $86.00 to $87.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Citigroup decreased their price objective on shares of Johnson Controls International from $85.00 to $84.00 and set a “neutral” rating for the company in a report on Monday. Mizuho raised their target price on Johnson Controls International from $62.00 to $75.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. Finally, UBS Group initiated coverage on Johnson Controls International in a report on Wednesday, November 13th. They set a “neutral” rating and a $90.00 price objective on the stock. Ten investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $82.53.

Johnson Controls International Stock Performance

Shares of JCI opened at $79.43 on Wednesday. The company has a market capitalization of $52.60 billion, a PE ratio of 31.27, a PEG ratio of 2.20 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 50 day moving average price is $82.10 and its 200 day moving average price is $75.52. Johnson Controls International has a 52 week low of $51.71 and a 52 week high of $87.16.

Johnson Controls International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Monday, December 23rd will be issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 1.86%. The ex-dividend date of this dividend is Monday, December 23rd. Johnson Controls International’s dividend payout ratio (DPR) is presently 58.27%.

Insider Activity

In related news, CEO George Oliver sold 224,152 shares of the business’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $82.72, for a total transaction of $18,541,853.44. Following the transaction, the chief executive officer now directly owns 1,166,992 shares in the company, valued at $96,533,578.24. The trade was a 16.11 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Marlon Sullivan sold 7,230 shares of the company’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $83.35, for a total value of $602,620.50. Following the completion of the transaction, the executive vice president now directly owns 32,246 shares of the company’s stock, valued at approximately $2,687,704.10. This trade represents a 18.31 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 647,973 shares of company stock valued at $53,986,862. Insiders own 0.69% of the company’s stock.

Institutional Investors Weigh In On Johnson Controls International

A number of institutional investors have recently bought and sold shares of JCI. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Johnson Controls International by 514.9% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,391,562 shares of the company’s stock worth $418,439,000 after acquiring an additional 4,514,792 shares during the period. Barrow Hanley Mewhinney & Strauss LLC lifted its stake in Johnson Controls International by 686.4% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 4,445,418 shares of the company’s stock worth $295,487,000 after purchasing an additional 3,880,146 shares during the period. Point72 Asset Management L.P. boosted its holdings in Johnson Controls International by 263.9% during the second quarter. Point72 Asset Management L.P. now owns 1,341,919 shares of the company’s stock valued at $89,197,000 after purchasing an additional 973,145 shares in the last quarter. Electron Capital Partners LLC raised its holdings in shares of Johnson Controls International by 81.3% in the 2nd quarter. Electron Capital Partners LLC now owns 1,432,335 shares of the company’s stock worth $95,207,000 after buying an additional 642,315 shares in the last quarter. Finally, Interval Partners LP lifted its position in shares of Johnson Controls International by 601.5% during the 2nd quarter. Interval Partners LP now owns 676,676 shares of the company’s stock worth $44,979,000 after buying an additional 580,212 shares during the period. 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.