Johnson Controls International (NYSE:JCI) Given New $92.00 Price Target at Wells Fargo & Company

Johnson Controls International (NYSE:JCI - Free Report) had its target price cut by Wells Fargo & Company from $95.00 to $92.00 in a research report released on Tuesday,Benzinga reports. They currently have an overweight rating on the stock.

Other equities analysts have also recently issued reports about the company. Bank of America increased their target price on Johnson Controls International from $80.00 to $95.00 and gave the company a "buy" rating in a research note on Friday, September 27th. StockNews.com downgraded shares of Johnson Controls International from a "buy" rating to a "hold" rating in a research note on Wednesday, November 20th. Royal Bank of Canada boosted their target price on shares of Johnson Controls International from $81.00 to $86.00 and gave the stock a "sector perform" rating in a research report on Thursday, November 7th. Oppenheimer increased their price target on shares of Johnson Controls International from $86.00 to $87.00 and gave the stock an "outperform" rating in a research report on Thursday, November 7th. Finally, UBS Group started coverage on Johnson Controls International in a research note on Wednesday, November 13th. They set a "neutral" rating and a $90.00 price objective on the stock. Ten research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $81.07.

Johnson Controls International Stock Performance

Shares of NYSE JCI remained flat at $79.27 during midday trading on Tuesday. The stock had a trading volume of 2,859,681 shares, compared to its average volume of 2,224,970. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.94 and a quick ratio of 0.79. Johnson Controls International has a twelve month low of $51.71 and a twelve month high of $87.16. The stock's 50-day moving average price is $81.62 and its two-hundred day moving average price is $75.00. The company has a market capitalization of $52.49 billion, a PE ratio of 31.21, a PEG ratio of 2.31 and a beta of 1.32.

Johnson Controls International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Monday, December 23rd will be given a dividend of $0.37 per share. The ex-dividend date of this dividend is Monday, December 23rd. This represents a $1.48 annualized dividend and a dividend yield of 1.87%. Johnson Controls International's dividend payout ratio (DPR) is 58.27%.

Insider Transactions at Johnson Controls International

In other Johnson Controls International news, EVP Marlon Sullivan sold 7,230 shares of the business's stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $83.35, for a total transaction of $602,620.50. Following the sale, the executive vice president now owns 32,246 shares in the company, valued at approximately $2,687,704.10. The trade was a 18.31 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO George Oliver sold 110,616 shares of the firm's stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $84.60, for a total transaction of $9,358,113.60. Following the completion of the transaction, the chief executive officer now owns 1,244,617 shares of the company's stock, valued at approximately $105,294,598.20. The trade was a 8.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 758,588 shares of company stock valued at $62,480,987 in the last quarter. Insiders own 0.69% of the company's stock.

Institutional Investors Weigh In On Johnson Controls International

Several hedge funds have recently made changes to their positions in JCI. Y Intercept Hong Kong Ltd raised its stake in Johnson Controls International by 136.8% during the 3rd quarter. Y Intercept Hong Kong Ltd now owns 91,248 shares of the company's stock valued at $7,082,000 after purchasing an additional 52,719 shares during the period. Geode Capital Management LLC lifted its stake in Johnson Controls International by 0.5% in the 3rd quarter. Geode Capital Management LLC now owns 13,475,260 shares of the company's stock worth $1,041,822,000 after acquiring an additional 71,493 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in Johnson Controls International during the 3rd quarter worth about $7,692,000. CIBC Asset Management Inc grew its stake in Johnson Controls International by 6.8% during the 3rd quarter. CIBC Asset Management Inc now owns 117,328 shares of the company's stock valued at $9,106,000 after acquiring an additional 7,433 shares in the last quarter. Finally, Cerity Partners LLC increased its holdings in shares of Johnson Controls International by 35.9% in the 3rd quarter. Cerity Partners LLC now owns 56,493 shares of the company's stock valued at $4,385,000 after purchasing an additional 14,925 shares during the period. Hedge funds and other 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.