Johnson Controls International (NYSE:JCI) Price Target Raised to $110.00 at Citigroup

Johnson Controls International (NYSE:JCI) had its price target upped by Citigroup from $94.00 to $110.00 in a research report released on Monday,Benzinga reports. Citigroup currently has a neutral rating on the stock.

Other research analysts also recently issued research reports about the company. Vertical Research upgraded Johnson Controls International from a “hold” rating to a “buy” rating and set a $105.00 price objective on the stock in a report on Thursday, May 8th. The Goldman Sachs Group upped their price target on Johnson Controls International from $103.00 to $116.00 and gave the company a “buy” rating in a research report on Tuesday, July 8th. Robert W. Baird upped their target price on Johnson Controls International from $84.00 to $90.00 and gave the stock a “neutral” rating in a report on Thursday, May 8th. Barclays upped their price target on Johnson Controls International from $90.00 to $100.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 9th. Finally, Wells Fargo & Company upped their price objective on Johnson Controls International from $100.00 to $130.00 and gave the company an “overweight” rating in a research report on Wednesday, June 4th. Nine research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, Johnson Controls International presently has an average rating of “Moderate Buy” and a consensus target price of $102.00.

Johnson Controls International Trading Up 0.4%

NYSE JCI opened at $106.24 on Monday. The stock’s 50-day simple moving average is $101.26 and its two-hundred day simple moving average is $88.22. Johnson Controls International has a twelve month low of $64.31 and a twelve month high of $107.20. The company has a quick ratio of 0.81, a current ratio of 0.96 and a debt-to-equity ratio of 0.48. The company has a market capitalization of $69.91 billion, a price-to-earnings ratio of 28.33, a PEG ratio of 1.92 and a beta of 1.31.

Johnson Controls International (NYSE:JCI) last released its quarterly earnings results on Wednesday, May 7th. The company reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.77 by $0.05. Johnson Controls International had a return on equity of 15.13% and a net margin of 10.19%. The business 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 business posted $0.78 earnings per share. The company’s revenue for the quarter was up 1.4% on a year-over-year basis. Research analysts forecast that Johnson Controls International will post 3.64 EPS for the current fiscal year.

Johnson Controls International announced that its Board of Directors has initiated a share buyback program on Friday, June 13th that allows the company to repurchase $9.00 billion in shares. This repurchase authorization allows the company to buy up to 13.4% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board believes its stock is undervalued.

Johnson Controls International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 18th. Investors of record on Monday, June 23rd will be issued a $0.37 dividend. The ex-dividend date of this dividend is Monday, June 23rd. This represents a $1.48 dividend on an annualized basis and a yield of 1.39%. Johnson Controls International’s dividend payout ratio is currently 39.47%.

Insiders Place Their Bets

In other news, CFO Marc Vandiepenbeeck sold 28,289 shares of the firm’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 owned 147,673 shares in the company, valued at $13,426,429.16. This trade represents a 16.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Nathan D. Manning sold 1,422 shares of the firm’s stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $104.82, for a total value of $149,054.04. Following the transaction, the vice president owned 141,860 shares of the company’s stock, valued at approximately $14,869,765.20. The trade was a 0.99% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 147,555 shares of company stock worth $13,705,106. 0.54% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Grove Bank & Trust lifted its holdings in shares of Johnson Controls International by 3.5% in the 2nd quarter. Grove Bank & Trust now owns 3,117 shares of the company’s stock valued at $329,000 after acquiring an additional 106 shares during the last quarter. TIAA Trust National Association lifted its holdings in shares of Johnson Controls International by 1.0% in the 1st quarter. TIAA Trust National Association now owns 11,339 shares of the company’s stock valued at $908,000 after acquiring an additional 115 shares during the last quarter. Strategic Blueprint LLC lifted its holdings in shares of Johnson Controls International by 4.3% in the 1st quarter. Strategic Blueprint LLC now owns 2,980 shares of the company’s stock valued at $239,000 after acquiring an additional 123 shares during the last quarter. Sowell Financial Services LLC lifted its holdings in shares of Johnson Controls International by 4.6% in the 2nd quarter. Sowell Financial Services LLC now owns 2,820 shares of the company’s stock valued at $298,000 after acquiring an additional 123 shares during the last quarter. Finally, HighPoint Advisor Group LLC lifted its holdings in shares of Johnson Controls International by 1.4% in the 1st quarter. HighPoint Advisor Group LLC now owns 8,976 shares of the company’s stock valued at $739,000 after acquiring an additional 124 shares during the last quarter. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Johnson Controls International Company Profile

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.