Barclays Cuts Johnson Controls International (NYSE:JCI) Price Target to $85.00

Johnson Controls International (NYSE:JCI) had its price objective cut by Barclays from $88.00 to $85.00 in a research report released on Monday, Marketbeat.com reports. They currently have an equal weight rating on the stock.

Several other equities research analysts have also recently commented on JCI. Citigroup cut their target price on Johnson Controls International from $85.00 to $84.00 and set a “neutral” rating on the stock in a research note on Monday, January 13th. Royal Bank of Canada boosted their target price on Johnson Controls International from $86.00 to $93.00 and gave the company a “sector perform” rating in a research note on Thursday, February 6th. Melius Research restated a “hold” rating and issued a $95.00 target price on shares of Johnson Controls International in a research note on Tuesday, January 28th. StockNews.com cut Johnson Controls International from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th. Finally, Argus upgraded Johnson Controls International from a “hold” rating to a “buy” rating and set a $88.00 price objective on the stock in a research note on Friday, December 20th. Eight research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $91.27.

Johnson Controls International Price Performance

Shares of JCI opened at $78.74 on Monday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.86 and a current ratio of 1.02. The stock has a 50 day simple moving average of $82.44 and a 200 day simple moving average of $79.63. Johnson Controls International has a 52-week low of $59.83 and a 52-week high of $91.14. The firm has a market capitalization of $51.98 billion, a PE ratio of 30.05, a P/E/G ratio of 1.96 and a beta of 1.32.

Johnson Controls International (NYSE:JCI) last released its earnings results on Wednesday, February 5th. The company reported $0.64 EPS for the quarter, beating the consensus estimate of $0.59 by $0.05. Johnson Controls International had a return on equity of 15.11% and a net margin of 6.83%. Sell-side analysts predict that Johnson Controls International will post 3.64 EPS for the current fiscal year.

Johnson Controls International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Monday, March 24th will be issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.88%. Johnson Controls International’s payout ratio is presently 56.49%.

Insider Buying and Selling

In other Johnson Controls International news, CEO George Oliver sold 162,894 shares of the company’s stock in a transaction on Friday, February 14th. The stock was sold at an average price of $89.28, for a total value of $14,543,176.32. Following the transaction, the chief executive officer now directly owns 1,203,893 shares of the company’s stock, valued at $107,483,567.04. This represents a 11.92 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Daniel C. Mcconeghy sold 1,950 shares of the company’s stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $87.73, for a total value of $171,073.50. Following the completion of the transaction, the vice president now directly owns 24,803 shares in the company, valued at approximately $2,175,967.19. This represents a 7.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 706,050 shares of company stock valued at $61,972,667. 0.54% of the stock is owned by insiders.

Institutional Trading of Johnson Controls International

Several large investors have recently modified their holdings of JCI. Assetmark Inc. grew its holdings in shares of Johnson Controls International by 1.2% during the 3rd quarter. Assetmark Inc. now owns 32,913 shares of the company’s stock worth $2,554,000 after purchasing an additional 400 shares in the last quarter. Mayflower Financial Advisors LLC acquired a new stake in shares of Johnson Controls International during the 3rd quarter worth $235,000. Crossmark Global Holdings Inc. grew its holdings in shares of Johnson Controls International by 9.9% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 33,777 shares of the company’s stock worth $2,622,000 after purchasing an additional 3,051 shares in the last quarter. Los Angeles Capital Management LLC grew its holdings in shares of Johnson Controls International by 1,350.3% during the 3rd quarter. Los Angeles Capital Management LLC now owns 49,498 shares of the company’s stock worth $3,842,000 after purchasing an additional 46,085 shares in the last quarter. Finally, Ashton Thomas Securities LLC acquired a new stake in shares of Johnson Controls International during the 3rd quarter worth $61,000. 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.