Johnson Controls International (NYSE:JCI) Price Target Raised to $95.00

Johnson Controls International (NYSE:JCI) had its price objective lifted by Bank of America from $80.00 to $95.00 in a report released on Friday, Benzinga reports. They currently have a buy rating on the stock.

A number of other equities research analysts have also recently commented on JCI. Robert W. Baird raised their price objective on Johnson Controls International from $72.00 to $78.00 and gave the company a neutral rating in a research note on Thursday, August 1st. Royal Bank of Canada upgraded Johnson Controls International from an underperform rating to a sector perform rating and lifted their price target for the company from $61.00 to $69.00 in a research note on Wednesday, August 14th. The Goldman Sachs Group upped their price target on Johnson Controls International from $73.00 to $81.00 and gave the stock a buy rating in a report on Friday, August 2nd. Morgan Stanley initiated coverage on shares of Johnson Controls International in a research report on Friday, September 6th. They set an overweight rating and a $85.00 price target on the stock. Finally, Wells Fargo & Company upped their price objective on shares of Johnson Controls International from $75.00 to $80.00 and gave the stock an overweight rating in a research report on Thursday, August 1st. Eleven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, Johnson Controls International has an average rating of Hold and a consensus target price of $71.29.

Johnson Controls International Stock Performance

Shares of Johnson Controls International stock opened at $77.21 on Friday. The stock has a market cap of $51.58 billion, a price-to-earnings ratio of 31.26, a P/E/G ratio of 1.99 and a beta of 1.29. Johnson Controls International has a twelve month low of $47.90 and a twelve month high of $77.71. The company’s fifty day moving average is $70.55 and its 200 day moving average is $68.35. The company has a quick ratio of 0.73, a current ratio of 0.96 and a debt-to-equity ratio of 0.46.

Johnson Controls International (NYSE:JCI) last issued its quarterly earnings results on Wednesday, July 31st. The company reported $1.14 EPS for the quarter, beating analysts’ consensus estimates of $1.08 by $0.06. The business had revenue of $7.23 billion for the quarter, compared to analysts’ expectations of $7.53 billion. Johnson Controls International had a net margin of 6.02% and a return on equity of 13.64%. The business’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.03 earnings per share. Sell-side analysts forecast that Johnson Controls International will post 3.67 EPS for the current year.

Johnson Controls International Announces Dividend

The firm also recently disclosed 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 dividend on an annualized basis 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 59.92%.

Insider Buying and Selling

In related news, CEO George Oliver sold 110,615 shares of the business’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $72.67, for a total value of $8,038,392.05. Following the sale, the chief executive officer now owns 1,243,751 shares in the company, valued at $90,383,385.17. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, COO Nathan D. Manning sold 1,167 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $72.75, for a total value of $84,899.25. Following the completion of the sale, the chief operating officer now owns 143,488 shares in the company, valued at approximately $10,438,752. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO George Oliver sold 110,615 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $72.67, for a total transaction of $8,038,392.05. Following the transaction, the chief executive officer now owns 1,243,751 shares in the company, valued at $90,383,385.17. The disclosure for this sale can be found here. In the last three months, insiders have sold 113,879 shares of company stock valued at $8,270,529. Corporate insiders own 0.69% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Summit Trail Advisors LLC grew its stake in Johnson Controls International by 4.6% in the second quarter. Summit Trail Advisors LLC now owns 3,715 shares of the company’s stock worth $248,000 after purchasing an additional 163 shares in the last quarter. Center for Financial Planning Inc. increased its holdings in shares of Johnson Controls International by 5.7% in 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 raised its position 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 in the last quarter. Hexagon Capital Partners LLC lifted its stake in shares of Johnson Controls International by 39.7% during the 2nd quarter. Hexagon Capital Partners LLC now owns 711 shares of the company’s stock worth $47,000 after purchasing an additional 202 shares during the last quarter. Finally, Continuum Advisory LLC boosted its position in Johnson Controls International by 65.2% during the second quarter. Continuum Advisory LLC now owns 527 shares of the company’s stock valued at $35,000 after purchasing an additional 208 shares in the last quarter. 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.