Johnson Controls International plc (NYSE:JCI) Receives $75.64 Consensus Price Target from Analysts

Shares of Johnson Controls International plc (NYSE:JCI) have received an average rating of “Hold” from the sixteen research firms that are presently covering the stock, Marketbeat reports. Eleven investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $77.21.

Several equities research analysts have recently issued reports on JCI shares. Wells Fargo & Company raised their target price on shares of Johnson Controls International from $84.00 to $90.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. UBS Group initiated coverage on shares of Johnson Controls International in a research note on Wednesday. They issued a “neutral” rating and a $90.00 price objective for the company. The Goldman Sachs Group upped their target price on Johnson Controls International from $73.00 to $81.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Robert W. Baird increased their price target on Johnson Controls International from $80.00 to $85.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Finally, Mizuho boosted their price objective on Johnson Controls International from $62.00 to $75.00 and gave the company a “neutral” rating in a report on Thursday, October 17th.

Johnson Controls International Stock Performance

NYSE JCI opened at $85.12 on Tuesday. The business’s 50 day moving average price is $76.20 and its 200-day moving average price is $71.42. Johnson Controls International has a fifty-two week low of $51.40 and a fifty-two week high of $87.16. The company has a market cap of $56.86 billion, a P/E ratio of 33.74, a P/E/G ratio of 2.38 and a beta of 1.29. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.79 and a current ratio of 0.94.

Johnson Controls International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Wednesday, September 25th were issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.74%. The ex-dividend date of this dividend was Wednesday, September 25th. Johnson Controls International’s dividend payout ratio is currently 58.27%.

Insider Transactions at Johnson Controls International

In other news, COO Nathan D. Manning sold 3,000 shares of Johnson Controls International stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $77.08, for a total transaction of $231,240.00. Following the completion of the sale, the chief operating officer now directly owns 140,488 shares in the company, valued at approximately $10,828,815.04. The trade was a 2.09 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO George Oliver sold 110,615 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $72.67, for a total value of $8,038,392.05. Following the completion of the sale, the chief executive officer now owns 1,243,751 shares in the company, valued at approximately $90,383,385.17. This represents a 8.17 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 226,141 shares of company stock valued at $16,904,519 in the last 90 days. Insiders own 0.69% of the company’s stock.

Institutional Investors Weigh In On Johnson Controls International

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Alethea Capital Management LLC purchased a new stake in shares of Johnson Controls International in the third quarter worth about $428,000. Widmann Financial Services Inc. grew its stake in shares of Johnson Controls International by 16.4% during the 3rd quarter. Widmann Financial Services Inc. now owns 7,672 shares of the company’s stock worth $595,000 after purchasing an additional 1,080 shares during the period. Edgestream Partners L.P. acquired a new position in shares of Johnson Controls International in the 3rd quarter valued at $3,641,000. Fred Alger Management LLC raised its position in shares of Johnson Controls International by 19.1% in the third quarter. Fred Alger Management LLC now owns 49,233 shares of the company’s stock worth $3,821,000 after acquiring an additional 7,881 shares during the period. Finally, Rockefeller Capital Management L.P. raised its holdings in Johnson Controls International by 3.1% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 411,373 shares of the company’s stock worth $31,920,000 after purchasing an additional 12,547 shares during the period. 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.