Johnson Controls International (NYSE:JCI) Price Target Raised to $172.00

Johnson Controls International (NYSE:JCI) had its target price raised by Robert W. Baird from $162.00 to $172.00 in a research note issued to investors on Wednesday, MarketBeat reports. Robert W. Baird currently has a neutral rating on the stock.

A number of other analysts also recently issued reports on the stock. Royal Bank Of Canada increased their target price on shares of Johnson Controls International from $161.00 to $165.00 and gave the stock a “sector perform” rating in a research report on Wednesday, October 14th. Mizuho lifted their price target on shares of Johnson Controls International from $150.00 to $165.00 and gave the company a “neutral” rating in a research report on Thursday, October 15th. Wells Fargo & Company started coverage on shares of Johnson Controls International in a research note on Thursday, September 24th. They set an “overweight” rating and a $186.00 price objective for the company. Morgan Stanley boosted their price objective 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. Finally, UBS Group reissued a “buy” rating on shares of Johnson Controls International in a research report on Wednesday, September 16th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $166.86.

Johnson Controls International Price Performance

JCI stock opened at $148.90 on Wednesday. The company has a market cap of $90.19 billion, a PE ratio of 30.67, a price-to-earnings-growth ratio of 1.25 and a beta of 1.27. The company has a current ratio of 0.90, a quick ratio of 0.83 and a debt-to-equity ratio of 0.55. The stock has a 50-day moving average price of $147.36 and a two-hundred day moving average price of $140.79. Johnson Controls International has a 12-month low of $108.41 and a 12-month high of $160.41.

Johnson Controls International (NYSE:JCI) last released its quarterly earnings data on Tuesday, October 27th. The company reported $1.66 EPS for the quarter, topping analysts’ consensus estimates of $1.59 by $0.07. The company had revenue of $7.11 billion for the quarter, compared to the consensus estimate of $7.04 billion. Johnson Controls International had a return on equity of 23.38% and a net margin of 11.12%. The company’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same period last year, the business posted $1.26 EPS. As a group, research analysts predict that Johnson Controls International will post 6.29 EPS for the current year.

Johnson Controls International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 16th. Investors of record on Monday, September 21st were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Monday, September 21st. Johnson Controls International’s dividend payout ratio (DPR) is presently 27.83%.

Insider Buying and Selling at Johnson Controls International

In other Johnson Controls International news, Director Juergen Tinggren sold 4,000 shares of the business’s stock in a transaction on Wednesday, October 28th. The shares were sold at an average price of $159.19, for a total value of $636,760.00. Following the transaction, the director owned 27,236 shares in the company, valued at $4,335,698.84. The trade was a 12.81% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Lei Schlitz sold 23,417 shares of the business’s stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $153.07, for a total transaction of $3,584,440.19. Following the completion of the transaction, the vice president owned 15,017 shares in the company, valued at $2,298,652.19. This represents a 60.93% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.29% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of JCI. Rokos Capital Management LLP acquired a new stake in shares of Johnson Controls International in the first quarter valued at approximately $45,833,000. ABN Amro Investment Solutions bought a new stake in shares of Johnson Controls International during the first quarter valued at approximately $8,863,000. QRG Capital Management Inc. raised its holdings in shares of Johnson Controls International by 4.7% during the second quarter. QRG Capital Management Inc. now owns 222,168 shares of the company’s stock valued at $32,461,000 after buying an additional 9,988 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its position in shares of Johnson Controls International by 49.7% during the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 140,488 shares of the company’s stock worth $18,397,000 after buying an additional 46,650 shares during the period. Finally, Epoch Investment Partners Inc. boosted its position in shares of Johnson Controls International by 62.7% during the first quarter. Epoch Investment Partners Inc. now owns 204,295 shares of the company’s stock worth $26,752,000 after buying an additional 78,766 shares during the period. Institutional investors and hedge funds 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 customers design, operate and maintain efficient, healthy and secure buildings through solutions for heating, ventilation and air conditioning, building automation, energy management, fire detection and suppression, and physical security.

Its portfolio includes building controls and digital management platforms, HVAC equipment, chillers, air-handling systems, fire and security technologies, and related services.