Johnson Controls International (NYSE:JCI) Price Target Lowered to $85.00 at Citigroup

Johnson Controls International (NYSE:JCI - Free Report) had its price target decreased by Citigroup from $95.00 to $85.00 in a report published on Monday,Benzinga reports. Citigroup currently has a neutral rating on the stock.

Several other analysts have also weighed in on JCI. Melius lowered Johnson Controls International from a "buy" rating to a "hold" rating and set a $95.00 price objective on the stock. in a report on Tuesday, January 28th. Royal Bank of Canada lifted their price target on Johnson Controls International from $86.00 to $93.00 and gave the stock a "sector perform" rating in a report on Thursday, February 6th. Argus raised shares of Johnson Controls International from a "hold" rating to a "buy" rating and set a $88.00 price objective on the stock in a research report on Friday, December 20th. Wells Fargo & Company increased their target price on Johnson Controls International from $92.00 to $98.00 and gave the stock an "overweight" rating in a research note on Thursday, February 6th. Finally, Melius Research restated a "hold" rating and issued a $95.00 price target on shares of Johnson Controls International in a research note on Tuesday, January 28th. Eight investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $90.07.

Johnson Controls International Stock Performance

JCI traded up $0.11 during midday trading on Monday, reaching $76.77. The company's stock had a trading volume of 4,893,466 shares, compared to its average volume of 4,472,177. The company has a current ratio of 1.02, a quick ratio of 0.86 and a debt-to-equity ratio of 0.50. The company has a fifty day simple moving average of $81.28 and a 200 day simple moving average of $80.78. The stock has a market cap of $50.68 billion, a P/E ratio of 29.30, a PEG ratio of 1.96 and a beta of 1.22. Johnson Controls International has a twelve month low of $59.83 and a twelve month high of $91.14.

Johnson Controls International (NYSE:JCI - Get Free Report) last announced its earnings results on Wednesday, February 5th. The company reported $0.64 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.59 by $0.05. Johnson Controls International had a net margin of 6.83% and a return on equity of 15.11%. Research analysts expect that Johnson Controls International will post 3.64 earnings per share for the current year.

Johnson Controls International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Monday, March 24th were paid a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 1.93%. The ex-dividend date of this dividend was Monday, March 24th. Johnson Controls International's payout ratio is 56.49%.

Insider Transactions at Johnson Controls International

In other news, VP Daniel C. Mcconeghy sold 1,950 shares of the firm's stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $87.73, for a total transaction of $171,073.50. Following the completion of the transaction, the vice president now owns 24,803 shares of the company's stock, valued at approximately $2,175,967.19. This trade represents a 7.29 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Nathan D. Manning sold 1,421 shares of the company's stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $76.44, for a total value of $108,621.24. Following the completion of the sale, the vice president now owns 148,346 shares in the company, valued at $11,339,568.24. This trade represents a 0.95 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 907,286 shares of company stock worth $77,938,071. Corporate insiders own 0.54% of the company's stock.

Institutional Trading of Johnson Controls International

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Compass Financial Services Inc acquired a new stake in shares of Johnson Controls International during the fourth quarter worth $26,000. SBI Securities Co. Ltd. bought a new stake in Johnson Controls International during the fourth quarter valued at $29,000. Synergy Asset Management LLC acquired a new stake in Johnson Controls International during the 4th quarter worth about $42,000. Crowley Wealth Management Inc. bought a new position in shares of Johnson Controls International in the 4th quarter worth about $42,000. Finally, ST Germain D J Co. Inc. boosted its position in shares of Johnson Controls International by 32.8% during 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 in the last quarter. Institutional investors and hedge funds own 90.05% of the company's stock.

Johnson Controls International Company Profile

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.