Johnson Controls International plc (NYSE:JCI) Receives $152.85 Consensus Price Target from Analysts

Johnson Controls International plc (NYSE:JCI) has been given a consensus recommendation of “Moderate Buy” by the twenty-three research firms that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, ten have given a hold recommendation, eleven have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $152.85.

Several analysts have recently commented on JCI shares. HSBC raised their price objective on shares of Johnson Controls International from $127.00 to $136.00 in a research report on Thursday, May 7th. UBS Group increased their target price on Johnson Controls International from $170.00 to $180.00 and gave the stock a “buy” rating in a report on Tuesday, June 2nd. Sanford C. Bernstein initiated coverage on Johnson Controls International in a report on Tuesday. They issued an “outperform” rating and a $176.00 target price on the stock. Weiss Ratings reiterated a “buy (b)” rating on shares of Johnson Controls International in a report on Tuesday. Finally, Wall Street Zen upgraded Johnson Controls International from a “hold” rating to a “buy” rating in a report on Sunday, May 3rd.

Johnson Controls International Stock Performance

Shares of JCI stock opened at $144.83 on Wednesday. The company has a market cap of $88.36 billion, a price-to-earnings ratio of 25.91, a price-to-earnings-growth ratio of 1.56 and a beta of 1.32. Johnson Controls International has a 52 week low of $100.86 and a 52 week high of $149.10. The company has a quick ratio of 0.85, a current ratio of 1.04 and a debt-to-equity ratio of 0.64. The firm has a 50 day moving average of $140.40 and a 200-day moving average of $130.73.

Johnson Controls International (NYSE:JCI) last announced its quarterly earnings data on Tuesday, March 31st. The company reported $1.19 EPS for the quarter. The company had revenue of $6.14 billion during the quarter. Johnson Controls International had a net margin of 14.45% and a return on equity of 19.50%. On average, equities analysts forecast that Johnson Controls International will post 4.86 earnings per share for the current year.

Johnson Controls International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Monday, June 15th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Monday, June 15th. Johnson Controls International’s dividend payout ratio (DPR) is currently 28.62%.

Insiders Place Their Bets

In related news, VP Lei Zhang Schlitz sold 88,809 shares of the stock in a transaction on Friday, May 8th. The stock was sold at an average price of $140.99, for a total value of $12,521,180.91. Following the transaction, the vice president directly owned 57,059 shares in the company, valued at $8,044,748.41. This trade represents a 60.88% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Todd M. Grabowski sold 1,800 shares of the stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $146.20, for a total value of $263,160.00. Following the completion of the transaction, the vice president owned 26,215 shares in the company, valued at approximately $3,832,633. This represents a 6.43% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.29% of the stock is owned by company insiders.

Hedge Funds Weigh In On Johnson Controls International

A number of large investors have recently modified their holdings of JCI. Maseco LLP lifted its holdings in shares of Johnson Controls International by 102.9% in the 4th quarter. Maseco LLP now owns 211 shares of the company’s stock worth $25,000 after purchasing an additional 107 shares in the last quarter. Mcguire Capital Advisors Inc. purchased a new stake in Johnson Controls International in the 4th quarter valued at $27,000. Roxbury Financial LLC raised its position in Johnson Controls International by 71.9% in the 4th quarter. Roxbury Financial LLC now owns 239 shares of the company’s stock valued at $29,000 after buying an additional 100 shares during the last quarter. Twin Tree Management LP raised its position in Johnson Controls International by 140.9% in the 4th quarter. Twin Tree Management LP now owns 260 shares of the company’s stock valued at $31,000 after buying an additional 895 shares during the last quarter. Finally, YANKCOM Partnership purchased a new stake in Johnson Controls International in the 4th quarter valued at $34,000. 90.05% of the stock is currently owned by institutional investors.

About Johnson Controls International

Johnson Controls International plc is a global diversified technology and multi‑industrial company that develops products, services and solutions for buildings and energy storage. The company’s core focus is on improving building efficiency, safety and sustainability through a combination of HVAC equipment, building controls and automation, fire and security systems, and related services. Johnson Controls traces its roots to 1885, when inventor Warren S. Johnson developed an electric room thermostat; over its long history the company has expanded from controls into a broad set of building‑related technologies and, through corporate transactions, into a global provider of integrated building solutions.

Johnson Controls’ product and service portfolio includes heating, ventilation and air‑conditioning equipment, chillers, air handlers and related mechanical systems, together with building automation and control platforms that monitor and manage energy use, indoor environmental quality and security.