Johnson Controls International (NYSE:JCI) PT Raised to $75.00 at Wells Fargo & Company

Johnson Controls International (NYSE:JCI) had its price target hoisted by Wells Fargo & Company from $70.00 to $75.00 in a research report released on Wednesday, Benzinga reports. Wells Fargo & Company currently has an overweight rating on the stock.

JCI has been the subject of a number of other research reports. Citigroup boosted their price objective on Johnson Controls International from $59.00 to $68.00 and gave the company a neutral rating in a research note on Monday, April 8th. Barclays upped their price target on shares of Johnson Controls International from $59.00 to $62.00 and gave the company an equal weight rating in a research report on Friday, June 21st. Oppenheimer raised their price objective on shares of Johnson Controls International from $70.00 to $76.00 and gave the stock an outperform rating in a research report on Thursday, June 27th. Finally, UBS Group downgraded shares of Johnson Controls International from a buy rating to a neutral rating and decreased their target price for the stock from $74.00 to $68.00 in a research note on Monday, May 6th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, Johnson Controls International currently has a consensus rating of Hold and an average target price of $64.67.

Johnson Controls International Trading Up 0.4 %

NYSE JCI opened at $69.98 on Wednesday. The firm’s fifty day moving average price is $68.97 and its 200 day moving average price is $63.08. Johnson Controls International has a 12 month low of $47.90 and a 12 month high of $74.23. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.87 and a quick ratio of 0.65. The company has a market capitalization of $47.14 billion, a price-to-earnings ratio of 28.33, a price-to-earnings-growth ratio of 1.82 and a beta of 1.28.

Johnson Controls International (NYSE:JCI) last issued its quarterly earnings data on Wednesday, May 1st. The company reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.03. Johnson Controls International had a return on equity of 13.21% and a net margin of 6.32%. The company had revenue of $6.70 billion for the quarter, compared to analyst estimates of $7.51 billion. During the same quarter last year, the company posted $0.75 earnings per share. The business’s quarterly revenue was down 6.1% compared to the same quarter last year. On average, sell-side analysts expect that Johnson Controls International will post 3.59 earnings per share for the current fiscal year.

Johnson Controls International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 19th. Stockholders of record on Monday, June 24th will be paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.11%. The ex-dividend date of this dividend is Monday, June 24th. Johnson Controls International’s dividend payout ratio (DPR) is 59.92%.

Insider Activity at Johnson Controls International

In other Johnson Controls International news, COO Nathan D. Manning sold 3,000 shares of the stock in a transaction on Monday, May 6th. The stock was sold at an average price of $62.86, for a total value of $188,580.00. Following the completion of the transaction, the chief operating officer now owns 106,891 shares in the company, valued at $6,719,168.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Johnson Controls International news, COO Nathan D. Manning sold 3,000 shares of the company’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $62.86, for a total transaction of $188,580.00. Following the transaction, the chief operating officer now directly owns 106,891 shares in the company, valued at $6,719,168.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Daniel C. Mcconeghy sold 9,342 shares of Johnson Controls International stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $65.50, for a total transaction of $611,901.00. Following the sale, the vice president now owns 25,378 shares of the company’s stock, valued at $1,662,259. The disclosure for this sale can be found here. Insiders have sold a total of 18,067 shares of company stock worth $1,162,299 over the last three months. 0.69% of the stock is currently owned by corporate insiders.

Institutional Trading of Johnson Controls International

Several large investors have recently bought and sold shares of the company. RPG Investment Advisory LLC boosted its position in shares of Johnson Controls International by 19.3% in the 4th quarter. RPG Investment Advisory LLC now owns 196,559 shares of the company’s stock worth $11,330,000 after buying an additional 31,759 shares in the last quarter. United Services Automobile Association lifted its holdings in shares of Johnson Controls International by 7.9% in the fourth quarter. United Services Automobile Association now owns 20,376 shares of the company’s stock valued at $1,174,000 after purchasing an additional 1,490 shares in the last quarter. ANTIPODES PARTNERS Ltd grew its position in shares of Johnson Controls International by 89.4% in the fourth quarter. ANTIPODES PARTNERS Ltd now owns 253,859 shares of the company’s stock valued at $14,632,000 after purchasing an additional 119,844 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its stake in shares of Johnson Controls International by 27.6% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 79,840 shares of the company’s stock worth $4,602,000 after purchasing an additional 17,263 shares in the last quarter. Finally, RWA Wealth Partners LLC acquired a new position in shares of Johnson Controls International during the 4th quarter worth approximately $14,231,000. Institutional investors and hedge funds 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.