Johnson Controls International (NYSE:JCI - Free Report) had its target price decreased by JPMorgan Chase & Co. from $100.00 to $81.00 in a research report sent to investors on Tuesday,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.
Several other research firms have also weighed in on JCI. Barclays lowered their target price on shares of Johnson Controls International from $88.00 to $85.00 and set an "equal weight" rating on the stock in a report on Monday, March 10th. Argus raised shares of Johnson Controls International from a "hold" rating to a "buy" rating and set a $88.00 price objective for the company in a report on Friday, December 20th. Melius Research reissued a "hold" rating and issued a $95.00 target price on shares of Johnson Controls International in a report on Tuesday, January 28th. UBS Group raised Johnson Controls International from a "neutral" rating to a "buy" rating and raised their price target for the company from $90.00 to $103.00 in a report on Monday, February 10th. Finally, Royal Bank of Canada boosted their price objective on Johnson Controls International from $86.00 to $93.00 and gave the stock a "sector perform" rating in a research note on Thursday, February 6th. Eight equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $90.00.
Get Our Latest Stock Analysis on JCI
Johnson Controls International Price Performance
Shares of JCI stock traded up $1.45 during mid-day trading on Tuesday, reaching $77.68. The company's stock had a trading volume of 3,026,682 shares, compared to its average volume of 4,469,610. The firm's 50-day moving average is $82.34 and its two-hundred day moving average is $80.79. The company has a market cap of $51.28 billion, a P/E ratio of 29.65, a PEG ratio of 1.96 and a beta of 1.22. Johnson Controls International has a 1-year low of $59.83 and a 1-year high of $91.14. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.86 and a current ratio of 1.02.
Johnson Controls International (NYSE:JCI - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The company reported $0.64 earnings per share for the quarter, beating analysts' consensus estimates of $0.59 by $0.05. Johnson Controls International had a return on equity of 15.11% and a net margin of 6.83%. On average, research analysts predict that Johnson Controls International will post 3.64 earnings per share for the current year.
Johnson Controls International Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Monday, March 24th will be paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.91%. The ex-dividend date of this dividend is Monday, March 24th. Johnson Controls International's dividend payout ratio (DPR) is 56.49%.
Insider Buying and Selling at Johnson Controls International
In other Johnson Controls International news, CEO George Oliver sold 205,168 shares of the stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $88.03, for a total value of $18,060,939.04. Following the transaction, the chief executive officer now owns 1,260,527 shares of the company's stock, valued at approximately $110,964,191.81. This represents a 14.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Nathan D. Manning sold 1,422 shares of the firm's stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $79.72, for a total value of $113,361.84. Following the transaction, the vice president now owns 145,502 shares in the company, valued at approximately $11,599,419.44. This trade represents a 0.97 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 907,286 shares of company stock valued at $77,938,071. 0.54% of the stock is currently owned by insiders.
Institutional Investors Weigh In On Johnson Controls International
Several hedge funds have recently bought and sold shares of the company. Gilbert & Cook Inc. increased its stake in Johnson Controls International by 2.0% during the 4th quarter. Gilbert & Cook Inc. now owns 6,458 shares of the company's stock worth $510,000 after acquiring an additional 127 shares during the period. Jackson Hole Capital Partners LLC grew its holdings in shares of Johnson Controls International by 0.7% during the 4th quarter. Jackson Hole Capital Partners LLC now owns 18,621 shares of the company's stock worth $1,470,000 after purchasing an additional 127 shares in the last quarter. Graypoint LLC grew its holdings 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 in the last quarter. ST Germain D J Co. Inc. increased its position in shares of Johnson Controls International by 32.8% in the fourth quarter. ST Germain D J Co. Inc. now owns 543 shares of the company's stock worth $43,000 after purchasing an additional 134 shares during the period. Finally, Brooklyn Investment Group raised its stake in Johnson Controls International by 3.1% in the fourth quarter. Brooklyn Investment Group now owns 4,444 shares of the company's stock valued at $351,000 after purchasing an additional 135 shares in the last quarter. 90.05% of the stock is currently owned by institutional investors and hedge funds.
About Johnson Controls International
(
Get Free Report)
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.
Further Reading
Before you consider Johnson Controls International, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Johnson Controls International wasn't on the list.
While Johnson Controls International currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
