Brokerages Set Johnson Controls International plc (NYSE:JCI) Price Target at $80.93

Johnson Controls International plc (NYSE:JCI - Get Free Report) has received a consensus recommendation of "Hold" from the fifteen analysts that are covering the company, MarketBeat.com reports. Nine investment analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $80.93.

JCI has been the subject of several analyst reports. Barclays upped their price objective on Johnson Controls International from $75.00 to $83.00 and gave the company an "equal weight" rating in a research note on Thursday, December 5th. StockNews.com downgraded Johnson Controls International from a "buy" rating to a "hold" rating in a report on Wednesday, November 20th. Bank of America lifted their price objective on shares of Johnson Controls International from $80.00 to $95.00 and gave the company a "buy" rating in a research report on Friday, September 27th. Morgan Stanley initiated coverage on shares of Johnson Controls International in a research report on Friday, September 6th. They set an "overweight" rating and a $85.00 price objective for the company. Finally, Argus raised 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 report on Friday, December 20th.

Insider Activity

In other news, CEO George Oliver sold 110,615 shares of the stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $76.79, for a total value of $8,494,125.85. Following the sale, the chief executive officer now directly owns 1,243,751 shares in the company, valued at $95,507,639.29. This represents a 8.17 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Marlon Sullivan sold 7,230 shares of the firm's stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $83.35, for a total transaction of $602,620.50. Following the transaction, the executive vice president now directly owns 32,246 shares of the company's stock, valued at approximately $2,687,704.10. This trade represents a 18.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 758,774 shares of company stock worth $62,495,179 over the last 90 days. 0.69% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Johnson Controls International

A number of institutional investors have recently made changes to their positions in JCI. Rothschild Investment LLC acquired a new position in Johnson Controls International in the 2nd quarter valued at $162,000. Concurrent Investment Advisors LLC lifted its position in Johnson Controls International by 24.0% during the second quarter. Concurrent Investment Advisors LLC now owns 5,019 shares of the company's stock worth $334,000 after buying an additional 973 shares during the period. Commonwealth Equity Services LLC boosted its stake in Johnson Controls International by 3.4% in the 2nd quarter. Commonwealth Equity Services LLC now owns 129,468 shares of the company's stock worth $8,606,000 after buying an additional 4,246 shares during the last quarter. Van ECK Associates Corp grew its holdings in Johnson Controls International by 7.6% in the 2nd quarter. Van ECK Associates Corp now owns 39,086 shares of the company's stock valued at $2,598,000 after buying an additional 2,764 shares during the period. Finally, Farther Finance Advisors LLC grew its holdings in Johnson Controls International by 60.8% in the 2nd quarter. Farther Finance Advisors LLC now owns 5,761 shares of the company's stock valued at $377,000 after buying an additional 2,178 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 down $0.21 during trading on Wednesday, reaching $78.93. The company's stock had a trading volume of 1,689,514 shares, compared to its average volume of 4,730,175. The business's fifty day moving average price is $81.48 and its 200-day moving average price is $74.74. Johnson Controls International has a twelve month low of $51.71 and a twelve month high of $87.16. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.79 and a current ratio of 0.94. The firm has a market cap of $52.27 billion, a price-to-earnings ratio of 31.07, a P/E/G ratio of 2.31 and a beta of 1.31.

Johnson Controls International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Monday, December 23rd will be issued a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 1.88%. The ex-dividend date is Monday, December 23rd. Johnson Controls International's dividend payout ratio (DPR) is 58.27%.

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.