Johnson Controls International plc (NYSE:JCI) Stock Has Average Price Target of $166.86 According to Brokerages

Shares of Johnson Controls International plc (NYSE:JCI) have earned a consensus recommendation of “Moderate Buy” from the twenty-three analysts that are covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, ten have assigned a hold recommendation, eleven have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $166.86.

JCI has been the subject of several recent analyst reports. Royal Bank Of Canada raised their price target on Johnson Controls International from $161.00 to $165.00 and gave the stock a “sector perform” rating in a report on Wednesday, October 14th. UBS Group reissued a “buy” rating on shares of Johnson Controls International in a research report on Wednesday, October 28th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Johnson Controls International from $180.00 to $178.00 and set a “buy” rating for the company in a report on Wednesday, September 30th. Robert W. Baird lifted their price objective on shares of Johnson Controls International from $162.00 to $172.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 28th. Finally, Wall Street Zen downgraded Johnson Controls International from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st.

Johnson Controls International Stock Performance

Shares of JCI stock opened at $141.50 on Friday. Johnson Controls International has a 12-month low of $108.41 and a 12-month high of $160.41. The business’s fifty day simple moving average is $147.15 and its 200-day simple moving average is $141.60. The company has a current ratio of 0.90, a quick ratio of 0.75 and a debt-to-equity ratio of 0.55. The company has a market cap of $85.71 billion, a PE ratio of 30.23, a PEG ratio of 1.11 and a beta of 1.27.

Johnson Controls International (NYSE:JCI) last announced its earnings results on Tuesday, October 27th. The company reported $1.66 earnings per share for the quarter, topping the consensus estimate of $1.59 by $0.07. Johnson Controls International had a return on equity of 23.38% and a net margin of 11.12%. The firm had revenue of $7.11 billion for the quarter, compared to the consensus estimate of $7.04 billion. During the same period in the previous year, the business earned $1.26 EPS. The firm’s revenue for the quarter was up 10.4% on a year-over-year basis. Analysts expect that Johnson Controls International will post 6.29 earnings per share for the current fiscal 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 $0.40 dividend. The ex-dividend date of this dividend was Monday, September 21st. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.1%. Johnson Controls International’s dividend payout ratio is currently 34.19%.

Insider Buying and Selling at Johnson Controls International

In other news, Director Juergen Tinggren sold 4,000 shares of the firm’s stock in a transaction dated Wednesday, October 28th. The stock was sold at an average price of $159.19, for a total value of $636,760.00. Following the completion of the transaction, the director directly owned 27,236 shares in the company, valued at $4,335,698.84. This trade represents a 12.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.29% of the company’s stock.

Hedge Funds Weigh In On Johnson Controls International

A number of institutional investors have recently bought and sold shares of JCI. First County Bank CT raised its position in Johnson Controls International by 4.2% in the third quarter. First County Bank CT now owns 1,699 shares of the company’s stock worth $253,000 after acquiring an additional 68 shares in the last quarter. Natural Investments LLC boosted its position in Johnson Controls International by 2.5% during the second quarter. Natural Investments LLC now owns 3,008 shares of the company’s stock worth $439,000 after purchasing an additional 72 shares in the last quarter. Everhart Financial Group Inc. grew its holdings in Johnson Controls International by 1.1% in the third quarter. Everhart Financial Group Inc. now owns 6,355 shares of the company’s stock valued at $945,000 after purchasing an additional 72 shares during the last quarter. Baron Wealth Management LLC grew its holdings in Johnson Controls International by 1.6% in the second quarter. Baron Wealth Management LLC now owns 4,705 shares of the company’s stock valued at $687,000 after purchasing an additional 75 shares during the last quarter. Finally, Kaufman Rossin Wealth LLC raised its stake in shares of Johnson Controls International by 2.0% during the 3rd quarter. Kaufman Rossin Wealth LLC now owns 3,845 shares of the company’s stock worth $572,000 after buying an additional 75 shares during the last quarter. 90.05% of the stock is owned by hedge funds and other institutional investors.

About Johnson Controls International

Johnson Controls International plc develops building technologies, products and services for commercial, industrial and institutional customers. Its offerings include heating, ventilation and air conditioning (HVAC) equipment, building automation and controls, fire detection and suppression systems, and security solutions. The company also provides maintenance, modernization and other services to help customers manage building operations.

Its products and services support facilities such as offices, hospitals, schools, data centers and manufacturing sites.