Brokerages Set Johnson Controls International plc (NYSE:JCI) Price Target at $70.21

Shares of Johnson Controls International plc (NYSE:JCI) have been assigned a consensus rating of “Hold” from the sixteen research firms that are currently covering the firm, MarketBeat reports. Eleven equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $71.29.

A number of research analysts recently weighed in on JCI shares. Oppenheimer upped their price target on Johnson Controls International from $70.00 to $76.00 and gave the stock an “outperform” rating in a research note on Thursday, June 27th. Morgan Stanley began coverage on Johnson Controls International in a research report on Friday, September 6th. They set an “overweight” rating and a $85.00 target price on the stock. Robert W. Baird lifted their price target on shares of Johnson Controls International from $72.00 to $78.00 and gave the company a “neutral” rating in a research report on Thursday, August 1st. Bank of America upped their price objective on shares of Johnson Controls International from $80.00 to $95.00 and gave the stock a “buy” rating in a report on Friday. Finally, Royal Bank of Canada upgraded shares of Johnson Controls International from an “underperform” rating to a “sector perform” rating and lifted their price objective for the company from $61.00 to $69.00 in a report on Wednesday, August 14th.

Insider Activity

In related news, COO Nathan D. Manning sold 1,167 shares of the business’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $66.01, for a total value of $77,033.67. Following the transaction, the chief operating officer now directly owns 104,556 shares of the company’s stock, valued at approximately $6,901,741.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, CEO George Oliver sold 110,615 shares of Johnson Controls International stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $72.67, for a total value of $8,038,392.05. Following the sale, the chief executive officer now owns 1,243,751 shares of the company’s stock, valued at approximately $90,383,385.17. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Nathan D. Manning sold 1,167 shares of the stock in a transaction on Monday, July 1st. The shares were sold at an average price of $66.01, for a total value of $77,033.67. Following the transaction, the chief operating officer now directly owns 104,556 shares of the company’s stock, valued at $6,901,741.56. The disclosure for this sale can be found here. Insiders sold a total of 115,046 shares of company stock valued at $8,347,562 in the last ninety days. 0.69% of the stock is currently owned by insiders.

Institutional Trading of Johnson Controls International

Several hedge funds have recently made changes to their positions in JCI. Gilbert & Cook Inc. raised its stake in Johnson Controls International by 4.9% in the 4th quarter. Gilbert & Cook Inc. now owns 7,115 shares of the company’s stock valued at $410,000 after acquiring an additional 334 shares during the period. D.A. Davidson & CO. lifted its stake in shares of Johnson Controls International by 33.1% during the 4th quarter. D.A. Davidson & CO. now owns 26,919 shares of the company’s stock valued at $1,552,000 after buying an additional 6,697 shares in the last quarter. Corient Private Wealth LLC boosted its holdings in Johnson Controls International by 2.5% in the 4th quarter. Corient Private Wealth LLC now owns 125,374 shares of the company’s stock worth $7,227,000 after buying an additional 3,070 shares during the period. Cambridge Investment Research Advisors Inc. grew its stake in Johnson Controls International by 27.6% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 79,840 shares of the company’s stock valued at $4,602,000 after buying an additional 17,263 shares in the last quarter. Finally, US Bancorp DE raised its holdings in Johnson Controls International by 41.9% during the 4th quarter. US Bancorp DE now owns 80,778 shares of the company’s stock valued at $4,656,000 after acquiring an additional 23,833 shares during the period. 90.05% of the stock is currently owned by institutional investors.

Johnson Controls International Price Performance

Johnson Controls International stock opened at $77.21 on Monday. The stock’s 50 day moving average price is $70.39 and its two-hundred day moving average price is $68.15. The stock has a market capitalization of $51.58 billion, a price-to-earnings ratio of 31.26, a PEG ratio of 1.99 and a beta of 1.29. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.73 and a current ratio of 0.96. Johnson Controls International has a 52-week low of $47.90 and a 52-week high of $77.71.

Johnson Controls International (NYSE:JCI) last posted its quarterly earnings results on Wednesday, July 31st. The company reported $1.14 EPS for the quarter, topping analysts’ consensus estimates of $1.08 by $0.06. Johnson Controls International had a net margin of 6.02% and a return on equity of 13.64%. 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 company posted $1.03 earnings per share. The business’s quarterly revenue was up 1.4% on a year-over-year basis. On average, equities analysts predict that Johnson Controls International will post 3.67 earnings per share for the current year.

Johnson Controls International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 18th. Shareholders of record on Wednesday, September 25th will be given a $0.37 dividend. The ex-dividend date is Wednesday, September 25th. This represents a $1.48 annualized dividend and a yield of 1.92%. Johnson Controls International’s dividend payout ratio is currently 59.92%.

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.