Johnson Controls International (NYSE:JCI) Price Target Raised to $98.00

Johnson Controls International (NYSE:JCI) had its price target boosted by JPMorgan Chase & Co. from $81.00 to $98.00 in a report issued on Friday,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

Other research analysts have also issued research reports about the company. Barclays upped their target price on Johnson Controls International from $85.00 to $90.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 14th. Citigroup reduced their target price on Johnson Controls International from $95.00 to $85.00 and set a “neutral” rating on the stock in a research note on Monday, April 14th. Royal Bank of Canada boosted their target price on shares of Johnson Controls International from $82.00 to $98.00 and gave the company a “sector perform” rating in a research note on Thursday, May 8th. Melius cut shares of Johnson Controls International from a “buy” rating to a “hold” rating and set a $95.00 price target on the stock. in a report on Tuesday, January 28th. Finally, Oppenheimer upped 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 note on Thursday, May 8th. Eight research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $95.35.

Johnson Controls International Price Performance

NYSE:JCI opened at $97.89 on Friday. The firm 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. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.02 and a quick ratio of 0.86. The business has a 50 day simple moving average of $82.31 and a 200-day simple moving average of $82.33. 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 issued its quarterly earnings results on Wednesday, May 7th. The company reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.77 by $0.05. Johnson Controls International had a return on equity of 15.11% and a net margin of 6.83%. The company had revenue of $5.68 billion during the quarter, compared to the consensus estimate of $5.64 billion. During the same period last year, the company earned $0.78 earnings per share. Johnson Controls International’s revenue was up 1.4% on a year-over-year basis. Equities analysts forecast that Johnson Controls International will post 3.64 EPS for the current year.

Johnson Controls International Dividend Announcement

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

Insiders Place Their Bets

In other Johnson Controls International news, Director George Oliver sold 15,669 shares of the business’s stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $77.49, for a total value of $1,214,190.81. Following the completion of the transaction, the director now directly owns 1,003,893 shares in the company, valued at approximately $77,791,668.57. The trade was a 1.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Marc Vandiepenbeeck sold 28,289 shares of the business’s stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $90.92, for a total transaction of $2,572,035.88. Following the completion of the transaction, the chief financial officer now owns 147,673 shares of the company’s stock, valued at $13,426,429.16. This represents a 16.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 460,396 shares of company stock worth $38,645,569. 0.54% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Johnson Controls International

Several hedge funds have recently modified their holdings of JCI. Truvestments Capital LLC increased its holdings in shares of Johnson Controls International by 425.0% during the first quarter. Truvestments Capital LLC now owns 315 shares of the company’s stock valued at $25,000 after acquiring an additional 255 shares in the last quarter. Compass Financial Services Inc acquired a new position in shares of Johnson Controls International during the fourth quarter valued at about $26,000. Accent Capital Management LLC acquired a new position in shares of Johnson Controls International during the first quarter valued at about $26,000. Cornerstone Planning Group LLC increased its holdings in shares of Johnson Controls International by 74.5% during the first quarter. Cornerstone Planning Group LLC now owns 363 shares of the company’s stock valued at $28,000 after acquiring an additional 155 shares in the last quarter. Finally, SBI Securities Co. Ltd. acquired a new position in shares of Johnson Controls International during the fourth quarter valued at about $29,000. Institutional investors and hedge funds 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.