Johnson Controls International (NYSE:JCI) Price Target Raised to $172.00

Johnson Controls International (NYSE:JCI) had its target price hoisted by Citigroup from $170.00 to $172.00 in a research note issued to investors on Wednesday,Benzinga reports. Citigroup currently has a neutral rating on the stock.

Several other equities research analysts also recently weighed in on the company. Deutsche Bank Aktiengesellschaft decreased their target price on Johnson Controls International from $180.00 to $178.00 and set a “buy” rating for the company in a research report on Wednesday, September 30th. BNP Paribas Exane lifted their price target on shares of Johnson Controls International from $130.00 to $145.00 and gave the stock an “underperform” rating in a research note on Wednesday. Wells Fargo & Company upped their price target on shares of Johnson Controls International from $186.00 to $200.00 and gave the company an “overweight” rating in a report on Wednesday. Sanford C. Bernstein restated an “outperform” rating on shares of Johnson Controls International in a research note on Wednesday, October 7th. Finally, Zacks Research cut shares of Johnson Controls International from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Johnson Controls International currently has an average rating of “Moderate Buy” and a consensus price target of $166.86.

Johnson Controls International Stock Down 5.9%

JCI stock opened at $148.90 on Wednesday. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.90 and a quick ratio of 0.83. The company’s 50 day simple moving average is $147.36 and its 200-day simple moving average is $140.79. Johnson Controls International has a 12 month low of $108.41 and a 12 month high of $160.41. The firm has a market capitalization of $90.19 billion, a PE ratio of 30.67, a P/E/G ratio of 1.25 and a beta of 1.27.

Johnson Controls International (NYSE:JCI) last posted its quarterly earnings data on Tuesday, October 27th. The company reported $1.66 earnings per share for the quarter, beating analysts’ consensus estimates of $1.59 by $0.07. Johnson Controls International had a net margin of 11.12% and a return on equity of 23.38%. The business had revenue of $7.11 billion during the quarter, compared to analyst estimates of $7.04 billion. During the same quarter in the previous year, the business posted $1.26 earnings per share. The company’s revenue was up 10.4% on a year-over-year basis. Equities analysts expect that Johnson Controls International will post 6.29 earnings per share for the current fiscal year.

Johnson Controls International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 16th. Investors of record on Monday, September 21st were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Monday, September 21st. Johnson Controls International’s dividend payout ratio is currently 27.83%.

Insider Transactions at Johnson Controls International

In other Johnson Controls International news, Director Juergen Tinggren sold 4,000 shares of Johnson Controls International stock in a transaction dated Wednesday, October 28th. The stock was sold at an average price of $159.19, for a total transaction of $636,760.00. Following the transaction, the director owned 27,236 shares of the company’s stock, valued at $4,335,698.84. The trade was a 12.81% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Lei Schlitz sold 23,417 shares of the stock in a transaction on Tuesday, August 4th. The stock was 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 approximately $2,298,652.19. This represents a 60.93% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.29% of the company’s stock.

Institutional Investors Weigh In On Johnson Controls International

Several hedge funds and other institutional investors have recently made changes to their positions in the business. State Street Corp raised its stake in Johnson Controls International by 2.2% during the 2nd quarter. State Street Corp now owns 28,283,873 shares of the company’s stock valued at $4,143,674,000 after purchasing an additional 621,319 shares during the last quarter. Amundi grew its position in Johnson Controls International by 157.2% during the first quarter. Amundi now owns 5,965,212 shares of the company’s stock worth $781,145,000 after buying an additional 3,646,047 shares in the last quarter. First Trust Advisors LP lifted its position in shares of Johnson Controls International by 28.3% in the 1st quarter. First Trust Advisors LP now owns 5,761,677 shares of the company’s stock worth $754,492,000 after acquiring an additional 1,270,849 shares during the period. Pictet Asset Management Holding SA lifted its position in shares of Johnson Controls International by 0.9% in the 2nd quarter. Pictet Asset Management Holding SA now owns 2,331,718 shares of the company’s stock worth $340,501,000 after acquiring an additional 20,780 shares during the period. Finally, Hsbc Holdings PLC raised its stake in shares of Johnson Controls International by 702.5% in the first quarter. Hsbc Holdings PLC now owns 1,962,770 shares of the company’s stock valued at $256,820,000 after purchasing an additional 1,718,179 shares in the last quarter. 90.05% of the stock is owned by institutional investors and hedge funds.

About Johnson Controls International

Johnson Controls International plc (NYSE:JCI) is a global provider of building technology, products and services. The company helps customers design, operate and maintain efficient, healthy and secure buildings through solutions for heating, ventilation and air conditioning, building automation, energy management, fire detection and suppression, and physical security.

Its portfolio includes building controls and digital management platforms, HVAC equipment, chillers, air-handling systems, fire and security technologies, and related services.