Brokerages Set Johnson Controls International plc (NYSE:JCI) Target Price at $82.53

Johnson Controls International plc (NYSE:JCI) has been given a consensus recommendation of “Hold” by the fifteen analysts that are covering the company, Marketbeat.com reports. Eight investment analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $87.20.

JCI has been the subject of a number of analyst reports. JPMorgan Chase & Co. decreased their target price on shares of Johnson Controls International from $88.00 to $87.00 and set an “overweight” rating for the company in a report on Wednesday, January 15th. Melius Research restated a “hold” rating and issued a $95.00 price objective on shares of Johnson Controls International in a report on Tuesday. Citigroup cut their target price on Johnson Controls International from $85.00 to $84.00 and set a “neutral” rating on the stock in a research note on Monday, January 13th. Barclays boosted their price target on Johnson Controls International from $75.00 to $83.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 5th. Finally, Melius cut Johnson Controls International from a “buy” rating to a “hold” rating and set a $95.00 price objective on the stock. in a research report on Tuesday.

Insider Buying and Selling

In related news, CEO George Oliver sold 110,616 shares of the firm’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $84.60, for a total transaction of $9,358,113.60. Following the completion of the transaction, the chief executive officer now directly owns 1,244,617 shares of the company’s stock, valued at approximately $105,294,598.20. This trade represents a 8.16 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Marlon Sullivan sold 7,230 shares of the business’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $83.35, for a total transaction of $602,620.50. Following the completion of the sale, the executive vice president now owns 32,246 shares in the company, valued at approximately $2,687,704.10. The trade was a 18.31 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 647,787 shares of company stock valued at $53,972,452. 0.69% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Johnson Controls International

A number of hedge funds have recently made changes to their positions in JCI. Compass Financial Services Inc bought a new stake in Johnson Controls International in the 4th quarter worth approximately $26,000. Fortitude Family Office LLC grew its holdings in shares of Johnson Controls International by 195.8% in the third quarter. Fortitude Family Office LLC now owns 420 shares of the company’s stock valued at $33,000 after purchasing an additional 278 shares in the last quarter. Wolff Wiese Magana LLC increased its position in Johnson Controls International by 977.3% in the third quarter. Wolff Wiese Magana LLC now owns 474 shares of the company’s stock worth $37,000 after purchasing an additional 430 shares during the last quarter. Synergy Asset Management LLC purchased a new stake in Johnson Controls International during the fourth quarter valued at $42,000. Finally, ST Germain D J Co. Inc. lifted its position in Johnson Controls International by 32.8% during the fourth quarter. ST Germain D J Co. Inc. now owns 543 shares of the company’s stock valued at $43,000 after purchasing an additional 134 shares during the last quarter. 90.05% of the stock is currently owned by hedge funds and other institutional investors.

Johnson Controls International Price Performance

Shares of NYSE:JCI opened at $78.16 on Friday. The business has a fifty day moving average price of $81.20 and a 200-day moving average price of $76.44. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.94 and a quick ratio of 0.79. The company has a market capitalization of $51.60 billion, a PE ratio of 30.77, a PEG ratio of 2.35 and a beta of 1.32. Johnson Controls International has a 1-year low of $52.02 and a 1-year high of $87.16.

Johnson Controls International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Monday, December 23rd were given a dividend of $0.37 per share. The ex-dividend date of this dividend was Monday, December 23rd. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.89%. Johnson Controls International’s payout ratio is currently 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.