Johnson Controls International’s (JCI) “Sector Perform” Rating Reiterated at Royal Bank Of Canada

Johnson Controls International (NYSE:JCI)‘s stock had its “sector perform” rating reaffirmed by Royal Bank Of Canada in a note issued to investors on Tuesday,Benzinga reports. They currently have a $154.00 price target on the stock. Royal Bank Of Canada’s target price points to a potential upside of 10.45% from the company’s previous close.

Several other brokerages also recently issued reports on JCI. Rothschild & Co Redburn lifted their price objective on Johnson Controls International from $137.00 to $150.00 and gave the company a “buy” rating in a research report on Monday, February 9th. Wall Street Zen raised Johnson Controls International from a “hold” rating to a “buy” rating in a report on Sunday, May 3rd. Jefferies Financial Group upped their price target on shares of Johnson Controls International from $125.00 to $135.00 and gave the stock a “hold” rating in a research report on Wednesday, April 15th. Wolfe Research decreased their price objective on shares of Johnson Controls International from $161.00 to $160.00 and set an “outperform” rating on the stock in a report on Wednesday, April 8th. Finally, Robert W. Baird raised their price objective on shares of Johnson Controls International from $132.00 to $148.00 and gave the company a “neutral” rating in a research report on Monday, April 27th. Eleven investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Johnson Controls International has an average rating of “Hold” and an average target price of $149.21.

Johnson Controls International Price Performance

Johnson Controls International stock traded up $5.37 during trading hours on Tuesday, hitting $139.43. 3,278,628 shares of the stock were exchanged, compared to its average volume of 3,580,123. The stock has a market capitalization of $85.07 billion, a P/E ratio of 24.41, a P/E/G ratio of 1.45 and a beta of 1.33. The business’s 50-day moving average is $138.24 and its two-hundred day moving average is $129.06. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.85 and a current ratio of 1.04. Johnson Controls International has a 12 month low of $99.11 and a 12 month high of $147.32.

Johnson Controls International (NYSE:JCI) last posted its earnings results on Tuesday, March 31st. The company reported $1.19 earnings per share (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%. Equities research analysts expect that Johnson Controls International will post 4.86 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, VP Lei Zhang Schlitz sold 88,809 shares of the stock in a transaction that occurred on Friday, May 8th. The shares were 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 represents a 60.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.29% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Strategic Investment Advisors MI boosted its stake in shares of Johnson Controls International by 1.5% in the fourth quarter. Strategic Investment Advisors MI now owns 5,389 shares of the company’s stock valued at $645,000 after buying an additional 78 shares during the period. UMB Bank n.a. grew its stake in shares of Johnson Controls International by 2.5% during the fourth quarter. UMB Bank n.a. now owns 3,261 shares of the company’s stock worth $391,000 after buying an additional 79 shares during the last quarter. Lcnb Corp raised its position in Johnson Controls International by 4.0% in the fourth quarter. Lcnb Corp now owns 2,094 shares of the company’s stock valued at $251,000 after purchasing an additional 81 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC grew its holdings in Johnson Controls International by 6.9% during the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 1,257 shares of the company’s stock worth $165,000 after acquiring an additional 81 shares during the last quarter. Finally, Catalyst Financial Partners LLC grew its position in shares of Johnson Controls International by 2.5% in the 3rd quarter. Catalyst Financial Partners LLC now owns 3,398 shares of the company’s stock valued at $374,000 after buying an additional 84 shares during the last quarter. 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.