Johnson Controls International (NYSE:JCI) Price Target Raised to $84.00 at Wells Fargo & Company

Johnson Controls International (NYSE:JCI) had its price objective hoisted by Wells Fargo & Company from $80.00 to $84.00 in a research report released on Monday morning, Benzinga reports. The firm currently has an overweight rating on the stock.

Several other equities analysts have also issued reports on the company. Royal Bank of Canada raised Johnson Controls International from an underperform rating to a sector perform rating and raised their price objective for the stock from $61.00 to $69.00 in a report on Wednesday, August 14th. Robert W. Baird raised their price target on Johnson Controls International from $72.00 to $78.00 and gave the stock a neutral rating in a research note on Thursday, August 1st. Barclays lifted their price target on Johnson Controls International from $62.00 to $64.00 and gave the stock an equal weight rating in a research report on Wednesday, October 2nd. StockNews.com raised Johnson Controls International from a hold rating to a buy rating in a report on Friday, August 2nd. Finally, Morgan Stanley started coverage on shares of Johnson Controls International in a report on Friday, September 6th. They issued an overweight rating and a $85.00 target price on the stock. Twelve equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of Hold and an average target price of $72.50.

Johnson Controls International Price Performance

JCI stock opened at $76.92 on Monday. The business has a 50 day moving average price of $71.74 and a 200 day moving average price of $69.03. The company has a quick ratio of 0.73, a current ratio of 0.96 and a debt-to-equity ratio of 0.46. The stock has a market cap of $51.38 billion, a price-to-earnings ratio of 32.18, a PEG ratio of 2.11 and a beta of 1.29. Johnson Controls International has a fifty-two week low of $47.90 and a fifty-two week high of $78.23.

Johnson Controls International (NYSE:JCI) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $1.14 earnings per share for the quarter, topping the consensus estimate of $1.08 by $0.06. The business had revenue of $7.23 billion during the quarter, compared to the consensus estimate of $7.53 billion. Johnson Controls International had a net margin of 6.02% and a return on equity of 13.64%. The company’s revenue was up 1.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.03 EPS. Equities research analysts anticipate that Johnson Controls International will post 3.68 earnings per share for the current fiscal year.

Johnson Controls International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 18th. Stockholders of record on Wednesday, September 25th will be paid a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 1.92%. The ex-dividend date of this dividend is Wednesday, September 25th. Johnson Controls International’s dividend payout ratio (DPR) is presently 61.92%.

Insider Transactions at Johnson Controls International

In related news, COO Nathan D. Manning sold 1,167 shares of the stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $70.71, for a total transaction of $82,518.57. Following the completion of the transaction, the chief operating officer now directly owns 103,866 shares of the company’s stock, valued at $7,344,364.86. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, COO Nathan D. Manning sold 3,000 shares of Johnson Controls International stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $77.08, for a total value of $231,240.00. Following the sale, the chief operating officer now directly owns 140,488 shares in the company, valued at $10,828,815.04. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO Nathan D. Manning sold 1,167 shares of the stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $70.71, for a total value of $82,518.57. Following the completion of the transaction, the chief operating officer now owns 103,866 shares of the company’s stock, valued at $7,344,364.86. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 116,879 shares of company stock worth $8,503,656 over the last ninety days. 0.69% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Johnson Controls International

Institutional investors have recently made changes to their positions in the stock. Summit Trail Advisors LLC lifted its stake in shares of Johnson Controls International by 4.6% in the second quarter. Summit Trail Advisors LLC now owns 3,715 shares of the company’s stock valued at $248,000 after purchasing an additional 163 shares during the period. Miracle Mile Advisors LLC increased its holdings in Johnson Controls International by 1.0% in the third quarter. Miracle Mile Advisors LLC now owns 17,011 shares of the company’s stock valued at $1,320,000 after buying an additional 163 shares in the last quarter. Center for Financial Planning Inc. lifted its position in shares of Johnson Controls International by 5.7% during the 2nd quarter. Center for Financial Planning Inc. now owns 3,485 shares of the company’s stock valued at $232,000 after acquiring an additional 187 shares during the period. Wedmont Private Capital grew its holdings in shares of Johnson Controls International by 3.1% in the 2nd quarter. Wedmont Private Capital now owns 6,440 shares of the company’s stock worth $451,000 after acquiring an additional 192 shares during the period. Finally, Central Pacific Bank Trust Division increased its stake in Johnson Controls International by 0.6% in the 3rd quarter. Central Pacific Bank Trust Division now owns 32,034 shares of the company’s stock valued at $2,486,000 after purchasing an additional 200 shares in the last quarter. 90.05% of the stock is currently owned by hedge funds and other institutional investors.

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.