Johnson Controls International (NYSE:JCI) Given New $78.00 Price Target at Robert W. Baird

Johnson Controls International (NYSE:JCI) had its price objective hoisted by Robert W. Baird from $72.00 to $78.00 in a research note published on Thursday, Benzinga reports. They currently have a neutral rating on the stock.

A number of other equities analysts have also weighed in on the company. Citigroup increased their target price on Johnson Controls International from $59.00 to $68.00 and gave the stock a neutral rating in a research note on Monday, April 8th. Oppenheimer lifted 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 note on Thursday, June 27th. The Goldman Sachs Group raised their target price on shares of Johnson Controls International from $66.00 to $73.00 and gave the stock a buy rating in a report on Wednesday, July 10th. Wells Fargo & Company increased their price target on Johnson Controls International from $70.00 to $75.00 and gave the stock an overweight rating in a research report on Wednesday, July 10th. Finally, Barclays cut their price objective on shares of Johnson Controls International from $62.00 to $61.00 and set an equal weight rating for the company in a research report on Wednesday, July 10th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of Hold and an average target price of $67.69.

Johnson Controls International Stock Down 4.0 %

Shares of NYSE JCI traded down $2.83 during midday trading on Thursday, reaching $67.50. The company’s stock had a trading volume of 3,713,521 shares, compared to its average volume of 5,378,658. The stock has a 50 day simple moving average of $69.37 and a 200-day simple moving average of $64.23. The company has a current ratio of 0.87, a quick ratio of 0.65 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $45.47 billion, a price-to-earnings ratio of 27.36, a PEG ratio of 1.82 and a beta of 1.28. Johnson Controls International has a fifty-two week low of $47.90 and a fifty-two week high of $75.36.

Johnson Controls International (NYSE:JCI) last released its earnings results on Wednesday, July 31st. The company reported $1.14 earnings per share for the quarter, beating the consensus estimate of $1.08 by $0.06. Johnson Controls International had a net margin of 6.02% and a return on equity of 13.57%. The business had revenue of $7.23 billion during the quarter, compared to analysts’ expectations of $7.53 billion. During the same period last year, the business earned $1.03 earnings per share. The firm’s revenue was up 1.4% on a year-over-year basis. Equities research analysts predict that Johnson Controls International will post 3.68 earnings per share for the current year.

Johnson Controls International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 19th. Stockholders of record on Monday, June 24th were paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.19%. The ex-dividend date of this dividend was Monday, June 24th. Johnson Controls International’s payout ratio is 59.92%.

Insider Activity at Johnson Controls International

In other news, VP Daniel C. Mcconeghy sold 9,342 shares of the stock in a transaction 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 completion of the sale, the vice president now directly owns 25,378 shares in the company, valued at $1,662,259. The transaction was disclosed in a filing with the SEC, which is available at this link. In other Johnson Controls International news, VP Daniel C. Mcconeghy sold 9,342 shares of the stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $65.50, for a total transaction of $611,901.00. Following the transaction, the vice president now directly owns 25,378 shares in the company, valued at approximately $1,662,259. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Juergen Tinggren sold 4,000 shares of the business’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $62.31, for a total transaction of $249,240.00. Following the transaction, the director now owns 30,120 shares in the company, valued at approximately $1,876,777.20. The disclosure for this sale can be found here. Insiders sold 19,048 shares of company stock worth $1,234,530 over the last three months. Company insiders own 0.69% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Turtle Creek Wealth Advisors LLC bought a new position in shares of Johnson Controls International in the fourth quarter valued at approximately $25,000. Rise Advisors LLC bought a new stake in Johnson Controls International during the first quarter valued at $25,000. EdgeRock Capital LLC purchased a new position in Johnson Controls International during the fourth quarter worth about $27,000. Hexagon Capital Partners LLC raised its holdings in shares of Johnson Controls International by 114.0% in the 4th quarter. Hexagon Capital Partners LLC now owns 503 shares of the company’s stock valued at $29,000 after acquiring an additional 268 shares in the last quarter. Finally, Continuum Advisory LLC boosted its position in shares of Johnson Controls International by 65.2% during the 2nd quarter. Continuum Advisory LLC now owns 527 shares of the company’s stock valued at $35,000 after acquiring an additional 208 shares during the last quarter. 90.05% of the stock is currently owned by hedge funds and other institutional investors.

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.