Johnson Controls International (NYSE:JCI) Price Target Raised to $90.00

Johnson Controls International (NYSE:JCI) had its price target raised by Barclays from $85.00 to $90.00 in a report published on Wednesday morning, MarketBeat Ratings reports. Barclays currently has an equal weight rating on the stock.

A number of other analysts have also issued reports on JCI. Melius lowered Johnson Controls International from a “buy” rating to a “hold” rating and set a $95.00 target price on the stock. in a report on Tuesday, January 28th. Melius Research reissued a “hold” rating and issued a $95.00 price objective on shares of Johnson Controls International in a research report on Tuesday, January 28th. Oppenheimer boosted their target price on shares of Johnson Controls International from $90.00 to $96.00 and gave the stock an “outperform” rating in a research report on Thursday, May 8th. JPMorgan Chase & Co. cut their target price on shares of Johnson Controls International from $100.00 to $81.00 and set an “overweight” rating for the company in a research note on Tuesday, April 8th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Johnson Controls International from a “hold” rating to a “buy” rating and increased their price target for the company from $101.00 to $112.00 in a report on Monday, May 12th. Eight equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $95.35.

Johnson Controls International Price Performance

Shares of Johnson Controls International stock opened at $97.89 on Wednesday. The company has a current ratio of 1.02, a quick ratio of 0.86 and a debt-to-equity ratio of 0.50. The firm has a fifty day simple moving average of $82.31 and a 200-day simple moving average of $82.24. The stock has a market capitalization of $64.42 billion, a price-to-earnings ratio of 37.36, a PEG ratio of 1.96 and a beta of 1.28. Johnson Controls International has a 1-year low of $64.31 and a 1-year high of $97.95.

Johnson Controls International (NYSE:JCI) last announced its earnings results on Wednesday, May 7th. The company reported $0.82 EPS for the quarter, topping the consensus estimate of $0.77 by $0.05. Johnson Controls International had a net margin of 6.83% and a return on equity of 15.11%. The firm had revenue of $5.68 billion for the quarter, compared to the consensus estimate of $5.64 billion. During the same quarter last year, the firm posted $0.78 EPS. The business’s quarterly revenue was up 1.4% on a year-over-year basis. On average, sell-side analysts expect that Johnson Controls International will post 3.64 earnings per share for the current year.

Johnson Controls International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Monday, March 24th were issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 1.51%. The ex-dividend date of this dividend was Monday, March 24th. Johnson Controls International’s payout ratio is 39.47%.

Insider Activity

In other news, VP Nathan D. Manning sold 1,422 shares of Johnson Controls International stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $86.91, for a total transaction of $123,586.02. Following the completion of the sale, the vice president now owns 144,704 shares in the company, valued at $12,576,224.64. The trade was a 0.97% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director George Oliver sold 184,331 shares of the firm’s stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $79.49, for a total value of $14,652,471.19. Following the transaction, the director now owns 1,019,562 shares in the company, valued at approximately $81,044,983.38. This trade represents a 15.31% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 460,396 shares of company stock worth $38,645,569. Company insiders own 0.54% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Woodline Partners LP boosted its position in Johnson Controls International by 3,451.6% during the 1st quarter. Woodline Partners LP now owns 469,341 shares of the company’s stock worth $37,599,000 after acquiring an additional 456,126 shares during the last quarter. Empowered Funds LLC boosted its holdings in Johnson Controls International by 8.5% during the first quarter. Empowered Funds LLC now owns 47,656 shares of the company’s stock worth $3,818,000 after purchasing an additional 3,734 shares during the last quarter. Peloton Wealth Strategists grew its position in Johnson Controls International by 48.4% in the first quarter. Peloton Wealth Strategists now owns 4,600 shares of the company’s stock valued at $369,000 after purchasing an additional 1,500 shares in the last quarter. MBB Public Markets I LLC bought a new position in Johnson Controls International in the first quarter valued at $306,000. Finally, Ascent Group LLC acquired a new stake in Johnson Controls International in the 1st quarter valued at $340,000. 90.05% of the stock is currently owned by institutional investors.

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.