Johnson Controls International (NYSE:JCI) Price Target Raised to $125.00

Johnson Controls International (NYSE:JCI) had its target price upped by Morgan Stanley from $115.00 to $125.00 in a research report released on Thursday morning,Benzinga reports. Morgan Stanley currently has an overweight rating on the stock.

Several other analysts also recently commented on JCI. Vertical Research upgraded shares of Johnson Controls International from a “hold” rating to a “buy” rating and set a $105.00 target price for the company in a report on Thursday, May 8th. Wells Fargo & Company increased their target price on shares of Johnson Controls International from $100.00 to $130.00 and gave the company an “overweight” rating in a report on Wednesday, June 4th. UBS Group reiterated a “buy” rating and issued a $116.00 target price (up previously from $103.00) on shares of Johnson Controls International in a report on Thursday, May 22nd. Citigroup increased their target price on shares of Johnson Controls International from $110.00 to $112.00 and gave the company a “neutral” rating in a report on Wednesday, July 30th. Finally, The Goldman Sachs Group raised their price objective on shares of Johnson Controls International from $103.00 to $116.00 and gave the stock a “buy” rating in a report on Tuesday, July 8th. Nine equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $105.72.

Johnson Controls International Stock Performance

Shares of JCI stock opened at $107.1130 on Thursday. The firm has a 50-day moving average of $105.86 and a 200-day moving average of $93.58. The company has a market cap of $70.09 billion, a P/E ratio of 31.78, a P/E/G ratio of 1.91 and a beta of 1.30. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.96 and a quick ratio of 0.81. Johnson Controls International has a one year low of $67.68 and a one year high of $112.63.

Johnson Controls International (NYSE:JCI) last announced its earnings results on Tuesday, July 29th. The company reported $1.05 EPS for the quarter, beating the consensus estimate of $0.99 by $0.06. The company had revenue of $6.05 billion during the quarter, compared to the consensus estimate of $5.99 billion. Johnson Controls International had a net margin of 9.53% and a return on equity of 14.71%. Johnson Controls International has set its FY 2025 guidance at 3.650-3.680 EPS. Q4 2025 guidance at 1.140-1.170 EPS. Equities research analysts forecast that Johnson Controls International will post 3.64 EPS for the current fiscal year.

Johnson Controls International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 18th. Investors of record on Monday, June 23rd were issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date was Monday, June 23rd. Johnson Controls International’s dividend payout ratio (DPR) is 43.92%.

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

Insider Activity

In other news, VP Nathan D. Manning sold 1,422 shares of Johnson Controls International stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $103.69, for a total value of $147,447.18. Following the completion of the transaction, the vice president owned 140,881 shares in the company, valued at $14,607,950.89. This trade represents a 1.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Anuruddha Rathninde sold 15,000 shares of Johnson Controls International stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $103.13, for a total transaction of $1,546,950.00. Following the completion of the transaction, the vice president owned 42,574 shares of the company’s stock, valued at $4,390,656.62. The trade was a 26.05% decrease in their position. The disclosure for this sale can be found here. Insiders sold 19,266 shares of company stock valued at $1,986,931 in the last quarter. Corporate insiders own 0.54% of the company’s stock.

Hedge Funds Weigh In On Johnson Controls International

Several large investors have recently modified their holdings of the business. Vanguard Group Inc. increased its stake in shares of Johnson Controls International by 1.3% in the second quarter. Vanguard Group Inc. now owns 69,365,463 shares of the company’s stock worth $7,326,380,000 after purchasing an additional 920,777 shares in the last quarter. State Street Corp increased its stake in shares of Johnson Controls International by 2.5% in the second quarter. State Street Corp now owns 28,521,478 shares of the company’s stock worth $3,022,673,000 after purchasing an additional 683,467 shares in the last quarter. Franklin Resources Inc. increased its stake in shares of Johnson Controls International by 3.0% in the second quarter. Franklin Resources Inc. now owns 23,223,902 shares of the company’s stock worth $2,452,909,000 after purchasing an additional 675,862 shares in the last quarter. Fisher Asset Management LLC grew its stake in Johnson Controls International by 2.7% during the second quarter. Fisher Asset Management LLC now owns 16,604,983 shares of the company’s stock valued at $1,753,818,000 after acquiring an additional 430,437 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in Johnson Controls International by 0.8% during the second quarter. Geode Capital Management LLC now owns 14,285,011 shares of the company’s stock valued at $1,501,266,000 after acquiring an additional 120,078 shares in the last quarter. Hedge funds and other 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.