Johnson Controls International (NYSE:JCI) Price Target Cut to $59.00 by Analysts at Barclays

Johnson Controls International (NYSE:JCI) had its price target lowered by Barclays from $61.00 to $59.00 in a research note published on Thursday, Benzinga reports. Barclays currently has an equal weight rating on the stock.

Other equities analysts have also recently issued reports about the company. Wells Fargo & Company raised their price objective on Johnson Controls International from $64.00 to $73.00 and gave the stock an overweight rating in a research note on Tuesday, April 2nd. Mizuho cut Johnson Controls International from a buy rating to a neutral rating and set a $62.00 price objective on the stock. in a research note on Friday, February 23rd. HSBC cut Johnson Controls International from a buy rating to a hold rating and set a $60.00 price objective on the stock. in a research note on Wednesday, January 31st. StockNews.com cut Johnson Controls International from a buy rating to a hold rating in a research note on Thursday, January 25th. Finally, Melius Research restated a hold rating on shares of Johnson Controls International in a research note on Tuesday, January 30th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of Hold and a consensus price target of $64.25.

Johnson Controls International Stock Up 2.7 %

Shares of Johnson Controls International stock traded up $1.63 on Thursday, hitting $62.38. 7,096,178 shares of the company’s stock traded hands, compared to its average volume of 4,978,445. The stock has a market cap of $42.02 billion, a P/E ratio of 25.26, a PEG ratio of 1.59 and a beta of 1.23. The company has a quick ratio of 0.73, a current ratio of 0.87 and a debt-to-equity ratio of 0.44. The firm’s 50-day moving average is $63.31 and its 200 day moving average is $57.22. Johnson Controls International has a 52-week low of $47.90 and a 52-week high of $70.43.

Johnson Controls International (NYSE:JCI) last released its earnings results on Wednesday, May 1st. The company reported $0.78 EPS for the quarter, beating the consensus estimate of $0.75 by $0.03. Johnson Controls International had a return on equity of 13.21% and a net margin of 6.32%. The company had revenue of $6.70 billion during the quarter, compared to analysts’ expectations of $7.51 billion. During the same period in the prior year, the business posted $0.75 EPS. The business’s revenue was down 6.1% on a year-over-year basis. Equities analysts anticipate that Johnson Controls International will post 3.61 earnings per share for the current year.

Johnson Controls International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 19th. Stockholders of record on Monday, March 25th were issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.37%. The ex-dividend date of this dividend was Friday, March 22nd. Johnson Controls International’s dividend payout ratio (DPR) is 59.92%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Commonwealth Equity Services LLC grew its holdings in Johnson Controls International by 7.0% during the third quarter. Commonwealth Equity Services LLC now owns 87,502 shares of the company’s stock worth $4,656,000 after acquiring an additional 5,698 shares during the period. Cambridge Investment Research Advisors Inc. lifted its stake in Johnson Controls International by 103.5% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 62,577 shares of the company’s stock valued at $3,330,000 after purchasing an additional 31,826 shares during the last quarter. Kingswood Wealth Advisors LLC bought a new stake in Johnson Controls International during the third quarter worth approximately $249,000. Dakota Wealth Management grew its position in Johnson Controls International by 13.4% in the third quarter. Dakota Wealth Management now owns 9,029 shares of the company’s stock worth $480,000 after buying an additional 1,068 shares during the last quarter. Finally, FinTrust Capital Advisors LLC increased its holdings in shares of Johnson Controls International by 358.6% in the third quarter. FinTrust Capital Advisors LLC now owns 853 shares of the company’s stock valued at $45,000 after buying an additional 667 shares in the last quarter. 90.05% of the stock is owned by institutional investors and hedge funds.

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.