Johnson Controls International (NYSE:JCI) Price Target Raised to $170.00

Johnson Controls International (NYSE:JCI) had its target price lifted by Citigroup from $157.00 to $170.00 in a research report released on Monday morning,Benzinga reports. They currently have a neutral rating on the stock.

Other research analysts have also recently issued reports about the company. Wells Fargo & Company started coverage on Johnson Controls International in a research report on Thursday, September 24th. They set an “overweight” rating and a $186.00 price objective on the stock. The Goldman Sachs Group boosted their price objective on Johnson Controls International from $186.00 to $191.00 and gave the company a “buy” rating in a research note on Wednesday, September 30th. Argus set a $175.00 target price on shares of Johnson Controls International in a report on Friday, August 7th. Weiss Ratings raised shares of Johnson Controls International from a “buy (b)” rating to a “buy (a)” rating in a report on Thursday, October 8th. Finally, Morgan Stanley raised their target price on shares of Johnson Controls International from $175.00 to $180.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 2nd. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $161.86.

Johnson Controls International Price Performance

Shares of Johnson Controls International stock opened at $152.24 on Monday. Johnson Controls International has a one year low of $107.77 and a one year high of $160.41. The stock’s fifty day moving average is $147.65 and its 200 day moving average is $143.53. The stock has a market cap of $92.22 billion, a P/E ratio of 32.87, a P/E/G ratio of 1.17 and a beta of 1.27. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.83 and a current ratio of 1.00.

Johnson Controls International (NYSE:JCI) last released its earnings results on Thursday, July 30th. The company reported $1.42 earnings per share for the quarter, beating the consensus estimate of $1.30 by $0.12. The company had revenue of $6.61 billion for the quarter, compared to the consensus estimate of $6.46 billion. Johnson Controls International had a return on equity of 22.11% and a net margin of 14.32%. Johnson Controls International’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same period in the previous year, the business earned $1.05 earnings per share. Sell-side analysts anticipate that Johnson Controls International will post 5.08 earnings per share for the current year.

Johnson Controls International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 16th. Shareholders of record on Monday, September 21st will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Monday, September 21st. Johnson Controls International’s dividend payout ratio is presently 27.83%.

Insider Buying and Selling

In other news, VP Lei Schlitz sold 23,417 shares of the business’s stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $153.07, for a total value of $3,584,440.19. Following the transaction, the vice president directly owned 15,017 shares in the company, valued at $2,298,652.19. The trade was a 60.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.29% of the stock is currently owned by corporate insiders.

Institutional Trading of Johnson Controls International

Institutional investors have recently made changes to their positions in the business. First County Bank CT grew its stake in Johnson Controls International by 4.2% during the third quarter. First County Bank CT now owns 1,699 shares of the company’s stock valued at $253,000 after acquiring an additional 68 shares in the last quarter. Natural Investments LLC increased its holdings in Johnson Controls International by 2.5% in the 2nd quarter. Natural Investments LLC now owns 3,008 shares of the company’s stock valued at $439,000 after acquiring an additional 72 shares during the last quarter. Everhart Financial Group Inc. increased its holdings in Johnson Controls International by 1.1% in the 3rd quarter. Everhart Financial Group Inc. now owns 6,355 shares of the company’s stock valued at $945,000 after acquiring an additional 72 shares during the last quarter. Baron Wealth Management LLC lifted its stake in Johnson Controls International by 1.6% in the 2nd quarter. Baron Wealth Management LLC now owns 4,705 shares of the company’s stock worth $687,000 after purchasing an additional 75 shares in the last quarter. Finally, Diversify Wealth Management LLC lifted its stake in Johnson Controls International by 2.0% in the 2nd quarter. Diversify Wealth Management LLC now owns 3,868 shares of the company’s stock worth $555,000 after purchasing an additional 76 shares in the last quarter. Hedge funds and other institutional investors own 90.05% of the company’s stock.

About Johnson Controls International

Johnson Controls International plc (NYSE: JCI) is a global provider of building technology, products and services. The company helps commercial, institutional and industrial customers improve building performance, energy efficiency, safety and occupant comfort through integrated solutions.

Its offerings include heating, ventilation and air-conditioning systems; building automation and controls; fire detection and suppression equipment; security systems; energy management technologies; and related service, maintenance and digital solutions.