Johnson Controls International (NYSE:JCI) Price Target Raised to $165.00

Johnson Controls International (NYSE:JCI) had its target price hoisted by Mizuho from $150.00 to $165.00 in a research report report published on Thursday morning, Marketbeat reports. They currently have a neutral rating on the stock.

Several other research firms have also recently commented on JCI. The Goldman Sachs Group upped their target price on shares of Johnson Controls International from $186.00 to $191.00 and gave the company a “buy” rating in a research note on Wednesday, September 30th. Bank of America increased their price target on shares of Johnson Controls International from $152.00 to $175.00 and gave the company a “buy” rating in a report on Thursday, October 8th. Sanford C. Bernstein restated an “outperform” rating on shares of Johnson Controls International in a research report on Wednesday, October 7th. Wells Fargo & Company began coverage on shares of Johnson Controls International in a research report on Thursday, September 24th. They issued an “overweight” rating and a $186.00 price target on the stock. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Johnson Controls International from $180.00 to $178.00 and set a “buy” rating on the stock in a report on Wednesday, September 30th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $163.05.

Johnson Controls International Stock Down 1.7%

Shares of Johnson Controls International stock opened at $145.19 on Thursday. Johnson Controls International has a 12-month low of $107.77 and a 12-month high of $160.41. The company has a quick ratio of 0.83, a current ratio of 1.00 and a debt-to-equity ratio of 0.61. The stock has a 50 day moving average price of $147.36 and a two-hundred day moving average price of $143.66. The stock has a market capitalization of $87.95 billion, a P/E ratio of 25.25, a PEG ratio of 1.08 and a beta of 1.27.

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

Johnson Controls International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 16th. Stockholders of record on Monday, September 21st were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend was Monday, September 21st. Johnson Controls International’s dividend payout ratio (DPR) is presently 27.83%.

Insider Activity

In other Johnson Controls International news, VP Lei Schlitz sold 23,417 shares of the business’s stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $153.07, for a total value of $3,584,440.19. Following the sale, the vice president owned 15,017 shares of the company’s stock, valued at $2,298,652.19. The trade was a 60.93% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.29% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in JCI. NBH Bank bought a new stake in shares of Johnson Controls International during the 2nd quarter valued at approximately $29,000. Virginia Estate & Retirement Planning Advisors Inc. acquired a new position in Johnson Controls International during the 3rd quarter worth approximately $33,000. Fourth Dimension Wealth LLC lifted its stake in 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 purchasing an additional 78 shares during the last quarter. First Bancorp Inc ME bought a new position in Johnson Controls International in the 2nd quarter valued at approximately $34,000. Finally, Axiom Investment Management LLC acquired a new stake in Johnson Controls International in the second quarter valued at approximately $41,000. 90.05% of the stock is owned by institutional investors.

Johnson Controls International Company Profile

Johnson Controls International plc (NYSE: JCI) is a global provider of building technology, products and services. The company helps commercial, institutional and industrial customers improve building performance, energy efficiency, safety and occupant comfort through integrated solutions.

Its offerings include heating, ventilation and air-conditioning systems; building automation and controls; fire detection and suppression equipment; security systems; energy management technologies; and related service, maintenance and digital solutions.