Johnson Controls International (NYSE:JCI) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Johnson Controls International (NYSE:JCI) had its price target hoisted by equities researchers at JPMorgan Chase & Co. from $87.00 to $100.00 in a report released on Thursday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 13.95% from the stock’s previous close.

JCI has been the topic of a number of other research reports. UBS Group began coverage on Johnson Controls International in a research report on Wednesday, November 13th. They set a “neutral” rating and a $90.00 target price on the stock. Argus upgraded shares of Johnson Controls International from a “hold” rating to a “buy” rating and set a $88.00 target price on the stock in a research report on Friday, December 20th. Citigroup reduced their price target on shares of Johnson Controls International from $85.00 to $84.00 and set a “neutral” rating for the company in a research report on Monday, January 13th. Barclays lifted their price objective on Johnson Controls International from $75.00 to $83.00 and gave the stock an “equal weight” rating in a report on Thursday, December 5th. Finally, Melius Research restated a “hold” rating and issued a $95.00 target price on shares of Johnson Controls International in a research report on Tuesday, January 28th. Nine investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $90.27.

Johnson Controls International Stock Down 0.3 %

JCI opened at $87.76 on Thursday. The company has a fifty day moving average of $80.85 and a two-hundred day moving average of $76.84. The stock has a market capitalization of $57.93 billion, a price-to-earnings ratio of 34.55, a PEG ratio of 2.24 and a beta of 1.32. Johnson Controls International has a fifty-two week low of $54.07 and a fifty-two week high of $88.90. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.79 and a current ratio of 0.94.

Johnson Controls International (NYSE:JCI) last announced its quarterly earnings results on Wednesday, February 5th. The company reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.05. Johnson Controls International had a return on equity of 14.51% and a net margin of 6.49%. On average, research analysts expect that Johnson Controls International will post 3.45 earnings per share for the current year.

Insider Buying and Selling

In related news, EVP Marlon Sullivan sold 7,230 shares of the stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $83.35, for a total value of $602,620.50. Following the completion of the transaction, the executive vice president now directly owns 32,246 shares in the company, valued at approximately $2,687,704.10. This represents a 18.31 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO George Oliver sold 224,152 shares of the firm’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $82.72, for a total value of $18,541,853.44. Following the sale, the chief executive officer now directly owns 1,166,992 shares of the company’s stock, valued at approximately $96,533,578.24. This trade represents a 16.11 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 856,326 shares of company stock worth $72,313,086. Insiders own 0.54% of the company’s stock.

Hedge Funds Weigh In On Johnson Controls International

A number of hedge funds have recently modified their holdings of JCI. Metis Global Partners LLC lifted its position in Johnson Controls International by 0.4% in the third quarter. Metis Global Partners LLC now owns 28,446 shares of the company’s stock valued at $2,208,000 after buying an additional 127 shares during the last quarter. Gilbert & Cook Inc. raised its stake in shares of Johnson Controls International by 2.0% in the 4th quarter. Gilbert & Cook Inc. now owns 6,458 shares of the company’s stock valued at $510,000 after acquiring an additional 127 shares during the period. Jackson Hole Capital Partners LLC lifted its holdings in shares of Johnson Controls International by 0.7% in the 4th quarter. Jackson Hole Capital Partners LLC now owns 18,621 shares of the company’s stock worth $1,470,000 after acquiring an additional 127 shares during the last quarter. Graypoint LLC boosted its position in shares of Johnson Controls International by 4.1% during the 4th quarter. Graypoint LLC now owns 3,277 shares of the company’s stock worth $259,000 after purchasing an additional 130 shares during the period. Finally, ST Germain D J Co. Inc. increased its holdings in Johnson Controls International by 32.8% in the 4th quarter. ST Germain D J Co. Inc. now owns 543 shares of the company’s stock valued at $43,000 after purchasing an additional 134 shares during the last quarter. 90.05% of the stock is currently owned by hedge funds and other institutional investors.

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.