Barclays Issues Positive Forecast for Johnson Controls International (NYSE:JCI) Stock Price

Johnson Controls International (NYSE:JCI) had its price objective increased by Barclays from $75.00 to $83.00 in a research note published on Thursday,Benzinga reports. Barclays currently has an equal weight rating on the stock.

JCI has been the subject of several other reports. UBS Group assumed coverage on shares of Johnson Controls International in a research note on Wednesday, November 13th. They issued a “neutral” rating and a $90.00 target price for the company. Wells Fargo & Company upped their price objective on shares of Johnson Controls International from $84.00 to $90.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. Robert W. Baird boosted their target price on shares of Johnson Controls International from $80.00 to $85.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Morgan Stanley initiated coverage on shares of Johnson Controls International in a report on Friday, September 6th. They issued an “overweight” rating and a $85.00 price objective on the stock. Finally, Royal Bank of Canada increased their target price on shares of Johnson Controls International from $81.00 to $86.00 and gave the stock a “sector perform” rating in a report on Thursday, November 7th. 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, Johnson Controls International presently has a consensus rating of “Hold” and a consensus target price of $78.57.

Johnson Controls International Stock Performance

Shares of NYSE:JCI opened at $83.12 on Thursday. The firm has a market cap of $55.04 billion, a PE ratio of 32.72, a price-to-earnings-growth ratio of 2.30 and a beta of 1.31. The firm’s 50 day simple moving average is $79.77 and its 200-day simple moving average is $73.44. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.79 and a current ratio of 0.94. Johnson Controls International has a one year low of $51.70 and a one year high of $87.16.

Johnson Controls International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Monday, December 23rd will be issued a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 1.78%. Johnson Controls International’s payout ratio is currently 58.27%.

Insider Buying and Selling

In related news, COO Nathan D. Manning sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $77.08, for a total transaction of $231,240.00. Following the transaction, the chief operating officer now owns 140,488 shares of the company’s stock, valued at approximately $10,828,815.04. This trade represents a 2.09 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO George Oliver sold 224,152 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $82.72, for a total transaction of $18,541,853.44. Following the transaction, the chief executive officer now directly owns 1,166,992 shares in the company, valued at approximately $96,533,578.24. The trade was a 16.11 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 740,662 shares of company stock valued at $59,869,133 over the last 90 days. 0.69% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Johnson Controls International

Institutional investors have recently modified their holdings of the company. Fortitude Family Office LLC lifted its holdings in shares of Johnson Controls International by 195.8% during the third quarter. Fortitude Family Office LLC now owns 420 shares of the company’s stock valued at $33,000 after acquiring an additional 278 shares during the period. Wolff Wiese Magana LLC grew its position in shares of Johnson Controls International by 977.3% in the 3rd quarter. Wolff Wiese Magana LLC now owns 474 shares of the company’s stock valued at $37,000 after purchasing an additional 430 shares during the period. Continuum Advisory LLC grew its position in shares of Johnson Controls International by 65.2% in the 2nd quarter. Continuum Advisory LLC now owns 527 shares of the company’s stock valued at $35,000 after purchasing an additional 208 shares during the period. Western Pacific Wealth Management LP acquired a new position in Johnson Controls International during the 3rd quarter worth approximately $44,000. Finally, Friedenthal Financial acquired a new position in Johnson Controls International during the 2nd quarter worth approximately $47,000. Institutional investors own 90.05% of the company’s stock.

About Johnson Controls International

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.