Johnson Controls International (NYSE:JCI) Price Target Raised to $86.00 at Royal Bank of Canada

Johnson Controls International (NYSE:JCI) had its price objective boosted by Royal Bank of Canada from $81.00 to $86.00 in a report issued on Thursday,Benzinga reports. Royal Bank of Canada currently has a sector perform rating on the stock.

A number of other brokerages have also commented on JCI. Morgan Stanley started coverage on Johnson Controls International in a report on Friday, September 6th. They set an “overweight” rating and a $85.00 price objective for the company. StockNews.com upgraded Johnson Controls International from a “hold” rating to a “buy” rating in a report on Monday, November 4th. Barclays raised their price objective on Johnson Controls International from $62.00 to $64.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 2nd. Bank of America upped their target price on shares of Johnson Controls International from $80.00 to $95.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. Finally, Robert W. Baird raised their price target on shares of Johnson Controls International from $72.00 to $78.00 and gave the company a “neutral” rating in a research report on Thursday, August 1st. Eleven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $75.64.

Johnson Controls International Stock Up 3.3 %

Shares of Johnson Controls International stock traded up $2.71 during trading hours on Thursday, reaching $84.62. The company’s stock had a trading volume of 4,392,978 shares, compared to its average volume of 3,558,225. The company has a market capitalization of $56.53 billion, a P/E ratio of 33.31, a P/E/G ratio of 2.46 and a beta of 1.29. The stock’s fifty day simple moving average is $75.32 and its two-hundred day simple moving average is $70.94. Johnson Controls International has a one year low of $50.00 and a one year high of $84.79. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.73 and a current ratio of 0.94.

Johnson Controls International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Wednesday, September 25th were paid a $0.37 dividend. The ex-dividend date of this dividend was Wednesday, September 25th. This represents a $1.48 annualized dividend and a yield of 1.75%. Johnson Controls International’s payout ratio is 58.27%.

Insiders Place Their Bets

In related news, CEO George Oliver sold 110,615 shares of the business’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $76.79, for a total value of $8,494,125.85. Following the sale, the chief executive officer now directly owns 1,243,751 shares in the company, valued at approximately $95,507,639.29. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, COO Nathan D. Manning sold 3,000 shares of the company’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $77.08, for a total transaction 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. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO George Oliver sold 110,615 shares of the stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $76.79, for a total transaction of $8,494,125.85. Following the completion of the sale, the chief executive officer now directly owns 1,243,751 shares in the company, valued at approximately $95,507,639.29. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 226,141 shares of company stock valued at $16,904,519 over the last ninety days. 0.69% of the stock is currently owned by insiders.

Institutional Trading of Johnson Controls International

Hedge funds and other institutional investors have recently bought and sold shares of the company. Fortitude Family Office LLC boosted its holdings in Johnson Controls International by 195.8% in the 3rd quarter. Fortitude Family Office LLC now owns 420 shares of the company’s stock valued at $33,000 after purchasing an additional 278 shares during the period. Wolff Wiese Magana LLC raised its position in shares of Johnson Controls International by 977.3% in the third quarter. Wolff Wiese Magana LLC now owns 474 shares of the company’s stock worth $37,000 after buying an additional 430 shares in the last quarter. Continuum Advisory LLC raised its position in shares of Johnson Controls International by 65.2% in the second quarter. Continuum Advisory LLC now owns 527 shares of the company’s stock worth $35,000 after buying an additional 208 shares in the last quarter. Western Pacific Wealth Management LP bought a new stake in Johnson Controls International during the third quarter valued at $44,000. Finally, Friedenthal Financial purchased a new position in Johnson Controls International during the second quarter worth about $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.