Analysts Set Johnson Controls International plc (NYSE:JCI) Target Price at $91.27

Johnson Controls International plc (NYSE:JCI - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the fifteen analysts that are presently covering the company, Marketbeat Ratings reports. Seven equities research analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $91.27.

A number of analysts recently weighed in on the stock. Melius Research reiterated a "hold" rating and set a $95.00 price target on shares of Johnson Controls International in a research note on Tuesday, January 28th. Argus upgraded 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 research report on Friday, December 20th. JPMorgan Chase & Co. upped their price objective on shares of Johnson Controls International from $87.00 to $100.00 and gave the stock an "overweight" rating in a research report on Thursday, February 6th. Melius downgraded shares of Johnson Controls International from a "buy" rating to a "hold" rating and set a $95.00 price objective for the company. in a research report on Tuesday, January 28th. Finally, Wells Fargo & Company upped their price objective on shares of Johnson Controls International from $92.00 to $98.00 and gave the stock an "overweight" rating in a research report on Thursday, February 6th.

Remove Ads

Insider Activity at Johnson Controls International

In other Johnson Controls International news, CEO George Oliver sold 162,894 shares of the firm's stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $89.28, for a total transaction of $14,543,176.32. Following the sale, the chief executive officer now directly owns 1,203,893 shares of the company's stock, valued at $107,483,567.04. This trade represents a 11.92 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Nathan D. Manning sold 1,421 shares of the firm's stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $76.44, for a total transaction of $108,621.24. Following the sale, the vice president now directly owns 148,346 shares in the company, valued at $11,339,568.24. This represents a 0.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 906,050 shares of company stock valued at $77,839,329. Insiders own 0.54% of the company's stock.

Institutional Investors Weigh In On Johnson Controls International

Several hedge funds have recently modified their holdings of the company. 111 Capital acquired a new stake in shares of Johnson Controls International during the 4th quarter worth about $255,000. Wealth Enhancement Advisory Services LLC raised its holdings in Johnson Controls International by 6.7% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 56,772 shares of the company's stock valued at $4,481,000 after buying an additional 3,547 shares during the period. Lansforsakringar Fondforvaltning AB publ purchased a new position in Johnson Controls International in the fourth quarter valued at approximately $17,686,000. Centaurus Financial Inc. raised its holdings in Johnson Controls International by 130.6% in the fourth quarter. Centaurus Financial Inc. now owns 8,409 shares of the company's stock valued at $664,000 after buying an additional 4,763 shares during the period. Finally, Siemens Fonds Invest GmbH raised its holdings in Johnson Controls International by 610.7% in the fourth quarter. Siemens Fonds Invest GmbH now owns 52,263 shares of the company's stock valued at $4,125,000 after buying an additional 44,909 shares during the period. 90.05% of the stock is owned by institutional investors and hedge funds.

Johnson Controls International Stock Performance

NYSE:JCI traded up $0.22 during trading hours on Monday, reaching $83.11. 1,763,279 shares of the company's stock were exchanged, compared to its average volume of 4,159,715. The firm has a market capitalization of $54.86 billion, a price-to-earnings ratio of 31.73, a P/E/G ratio of 1.96 and a beta of 1.32. The company has a 50-day moving average of $82.56 and a 200 day moving average of $79.95. The company has a quick ratio of 0.86, a current ratio of 1.02 and a debt-to-equity ratio of 0.50. Johnson Controls International has a 1-year low of $59.83 and a 1-year high of $91.14.

Johnson Controls International (NYSE:JCI - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The company reported $0.64 earnings per share 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 anticipate that Johnson Controls International will post 3.64 EPS for the current year.

Johnson Controls International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Monday, March 24th will be paid a $0.37 dividend. The ex-dividend date of this dividend is Monday, March 24th. This represents a $1.48 dividend on an annualized basis and a yield of 1.78%. Johnson Controls International's payout ratio is 56.49%.

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.