Brokerages Set Johnson Controls International plc (NYSE:JCI) Target Price at $155.50

Johnson Controls International plc (NYSE:JCI) has been given an average recommendation of “Hold” by the twenty-three ratings firms that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and twelve have assigned a buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $155.50.

Several equities research analysts recently weighed in on the company. Sanford C. Bernstein raised their price objective on Johnson Controls International from $173.00 to $190.00 and gave the company an “outperform” rating in a report on Friday, August 14th. JPMorgan Chase & Co. lifted their price target on shares of Johnson Controls International from $158.00 to $162.00 in a report on Thursday, May 7th. Barclays increased their price objective on Johnson Controls International from $136.00 to $144.00 and gave the company an “equal weight” rating in a report on Thursday, May 7th. Argus set a $175.00 target price on Johnson Controls International in a research report on Friday, August 7th. Finally, UBS Group reaffirmed a “buy” rating on shares of Johnson Controls International in a report on Thursday, July 30th.

Johnson Controls International Stock Down 2.0%

Shares of JCI opened at $139.33 on Monday. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.00 and a quick ratio of 0.83. Johnson Controls International has a one year low of $103.82 and a one year high of $157.06. The company has a market cap of $84.40 billion, a P/E ratio of 24.23, a P/E/G ratio of 1.37 and a beta of 1.31. The firm has a 50 day simple moving average of $144.93 and a two-hundred day simple moving average of $141.23.

Johnson Controls International (NYSE:JCI) last released its quarterly earnings data on Thursday, July 30th. The company reported $1.42 earnings per share for the quarter, beating the consensus estimate of $1.30 by $0.12. Johnson Controls International had a return on equity of 22.11% and a net margin of 14.32%.The business had revenue of $6.61 billion for the quarter, compared to analyst estimates of $6.46 billion. During the same period last year, the firm posted $1.05 earnings per share. Johnson Controls International’s revenue was up 9.3% compared to the same quarter last year. Research analysts forecast that Johnson Controls International will post 5.08 EPS for the current fiscal year.

Johnson Controls International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 10th. Investors of record on Monday, June 15th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Monday, June 15th. Johnson Controls International’s payout ratio is currently 27.83%.

Insider Activity at Johnson Controls International

In other Johnson Controls International news, VP Lei Zhang Schlitz sold 23,417 shares of the stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $153.07, for a total transaction of $3,584,440.19. Following the completion of the sale, the vice president owned 15,017 shares of the company’s stock, valued at approximately $2,298,652.19. This represents a 60.93% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Todd M. Grabowski sold 1,800 shares of the firm’s stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $146.20, for a total transaction of $263,160.00. Following the transaction, the vice president owned 26,215 shares of the company’s stock, valued at approximately $3,832,633. The trade was a 6.43% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.29% of the company’s stock.

Institutional Investors Weigh In On Johnson Controls International

Several institutional investors and hedge funds have recently made changes to their positions in JCI. NBH Bank acquired a new position in Johnson Controls International in the second quarter valued at approximately $29,000. Mcguire Capital Advisors Inc. acquired a new stake in shares of Johnson Controls International during the 4th quarter worth approximately $27,000. Fourth Dimension Wealth LLC increased its stake in shares of Johnson Controls International by 51.3% in the 2nd quarter. Fourth Dimension Wealth LLC now owns 230 shares of the company’s stock valued at $34,000 after acquiring an additional 78 shares in the last quarter. First Bancorp Inc ME acquired a new position in shares of Johnson Controls International during the 2nd quarter valued at $34,000. Finally, Twin Tree Management LP boosted its stake in Johnson Controls International by 140.9% during the fourth quarter. Twin Tree Management LP now owns 260 shares of the company’s stock worth $31,000 after acquiring an additional 895 shares in the last quarter. Institutional investors own 90.05% of the company’s stock.

Johnson Controls International Company Profile

Johnson Controls International plc is a global diversified technology and multi?industrial company that develops products, services and solutions for buildings and energy storage. The company’s core focus is on improving building efficiency, safety and sustainability through a combination of HVAC equipment, building controls and automation, fire and security systems, and related services. Johnson Controls traces its roots to 1885, when inventor Warren S. Johnson developed an electric room thermostat; over its long history the company has expanded from controls into a broad set of building?related technologies and, through corporate transactions, into a global provider of integrated building solutions.

Johnson Controls’ product and service portfolio includes heating, ventilation and air?conditioning equipment, chillers, air handlers and related mechanical systems, together with building automation and control platforms that monitor and manage energy use, indoor environmental quality and security.