Barclays Boosts Johnson Controls International (NYSE:JCI) Price Target to $64.00

Johnson Controls International (NYSE:JCI) had its price objective lifted by Barclays from $62.00 to $64.00 in a research note issued to investors on Wednesday, Benzinga reports. They currently have an equal weight rating on the stock.

A number of other analysts have also commented on the company. Wells Fargo & Company boosted their price objective on Johnson Controls International from $75.00 to $80.00 and gave the stock an overweight rating in a report on Thursday, August 1st. Oppenheimer boosted their target price on Johnson Controls International from $79.00 to $86.00 and gave the stock an outperform rating in a research note on Wednesday. Morgan Stanley initiated coverage on Johnson Controls International in a research note on Friday, September 6th. They issued an overweight rating and a $85.00 target price on the stock. The Goldman Sachs Group boosted their target price on Johnson Controls International from $73.00 to $81.00 and gave the stock a buy rating in a research note on Friday, August 2nd. Finally, Royal Bank of Canada upgraded Johnson Controls International from an underperform rating to a sector perform rating and boosted their target price for the stock from $61.00 to $69.00 in a research note on Wednesday, August 14th. Eleven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, Johnson Controls International presently has a consensus rating of Hold and a consensus target price of $72.21.

Johnson Controls International Stock Performance

Shares of Johnson Controls International stock opened at $75.68 on Wednesday. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.96 and a quick ratio of 0.73. The business has a 50-day simple moving average of $71.35 and a 200 day simple moving average of $68.74. The firm has a market capitalization of $50.55 billion, a price-to-earnings ratio of 30.64, a PEG ratio of 1.87 and a beta of 1.29. Johnson Controls International has a one year low of $47.90 and a one year high of $78.23.

Johnson Controls International (NYSE:JCI) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $1.14 EPS for the quarter, topping analysts’ consensus estimates of $1.08 by $0.06. The firm had revenue of $7.23 billion during the quarter, compared to analyst estimates of $7.53 billion. Johnson Controls International had a return on equity of 13.64% and a net margin of 6.02%. The company’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.03 EPS. On average, research analysts anticipate that Johnson Controls International will post 3.68 earnings per share for the current fiscal year.

Johnson Controls International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 18th. Investors of record on Wednesday, September 25th will be paid a $0.37 dividend. The ex-dividend date is Wednesday, September 25th. This represents a $1.48 annualized dividend and a yield of 1.96%. Johnson Controls International’s payout ratio is 59.92%.

Insider Activity at Johnson Controls International

In related news, COO Nathan D. Manning sold 1,167 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $72.75, for a total value of $84,899.25. Following the transaction, the chief operating officer now owns 143,488 shares in the company, valued at approximately $10,438,752. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Johnson Controls International news, CEO George Oliver sold 110,615 shares of the business’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $72.67, for a total transaction 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 $90,383,385.17. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Nathan D. Manning sold 1,167 shares of the business’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $72.75, for a total transaction of $84,899.25. Following the sale, the chief operating officer now directly owns 143,488 shares in the company, valued at $10,438,752. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 116,879 shares of company stock worth $8,503,656. Insiders own 0.69% of the company’s stock.

Institutional Investors Weigh In On Johnson Controls International

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Summit Trail Advisors LLC raised its holdings in Johnson Controls International by 4.6% during the 2nd quarter. Summit Trail Advisors LLC now owns 3,715 shares of the company’s stock valued at $248,000 after acquiring an additional 163 shares during the period. Center for Financial Planning Inc. increased its holdings in shares of Johnson Controls International by 5.7% in the second quarter. Center for Financial Planning Inc. now owns 3,485 shares of the company’s stock worth $232,000 after purchasing an additional 187 shares during the period. Wedmont Private Capital increased its holdings in shares of Johnson Controls International by 3.1% in the second quarter. Wedmont Private Capital now owns 6,440 shares of the company’s stock worth $451,000 after purchasing an additional 192 shares during the period. Central Pacific Bank Trust Division increased its holdings in shares of Johnson Controls International by 0.6% in the third quarter. Central Pacific Bank Trust Division now owns 32,034 shares of the company’s stock worth $2,486,000 after purchasing an additional 200 shares during the period. Finally, Hexagon Capital Partners LLC increased its holdings in shares of Johnson Controls International by 39.7% in the second quarter. Hexagon Capital Partners LLC now owns 711 shares of the company’s stock worth $47,000 after purchasing an additional 202 shares during the period. Institutional investors own 90.05% of the company’s stock.

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.