JPMorgan Chase & Co. Has Lowered Expectations for Johnson Controls International (NYSE:JCI) Stock Price

Johnson Controls International (NYSE:JCI) had its target price reduced by JPMorgan Chase & Co. from $100.00 to $81.00 in a research report released on Tuesday morning,Benzinga reports. They currently have an overweight rating on the stock.

A number of other equities research analysts also recently weighed in on the company. Argus raised Johnson Controls International from a “hold” rating to a “buy” rating and set a $88.00 target price for the company in a report on Friday, December 20th. Wells Fargo & Company increased their target price 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. Citigroup cut their price target on Johnson Controls International from $85.00 to $84.00 and set a “neutral” rating for the company in a research note on Monday, January 13th. Melius lowered Johnson Controls International from a “buy” rating to a “hold” rating and set a $95.00 price objective on the stock. in a research note on Tuesday, January 28th. Finally, Barclays cut their target price on Johnson Controls International from $88.00 to $85.00 and set an “equal weight” rating for the company in a research report on Monday, March 10th. Eight analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $90.00.

Johnson Controls International Stock Performance

NYSE JCI opened at $71.07 on Tuesday. The stock has a market cap of $46.92 billion, a PE ratio of 27.13, a P/E/G ratio of 1.96 and a beta of 1.22. 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 firm has a 50-day moving average of $82.32 and a 200-day moving average of $80.76. Johnson Controls International has a 52-week low of $59.83 and a 52-week high of $91.14.

Johnson Controls International (NYSE:JCI) last issued its quarterly earnings data on Wednesday, February 5th. The company reported $0.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.59 by $0.05. Johnson Controls International had a return on equity of 15.11% and a net margin of 6.83%. On average, sell-side analysts anticipate that Johnson Controls International will post 3.64 EPS for the current year.

Johnson Controls International Dividend Announcement

The business also recently declared 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 annualized dividend and a dividend yield of 2.08%. The ex-dividend date of this dividend is Monday, March 24th. Johnson Controls International’s dividend payout ratio (DPR) is presently 56.49%.

Insider Activity at Johnson Controls International

In other Johnson Controls International news, CEO George Oliver sold 205,168 shares of the company’s stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $88.03, for a total value of $18,060,939.04. Following the completion of the transaction, the chief executive officer now owns 1,260,527 shares of the company’s stock, valued at $110,964,191.81. This represents a 14.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Nathan D. Manning sold 1,421 shares of Johnson Controls International stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $76.44, for a total value 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. The trade was a 0.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 907,286 shares of company stock valued at $77,938,071 in the last quarter. Insiders own 0.54% of the company’s stock.

Hedge Funds Weigh In On Johnson Controls International

Large investors have recently modified their holdings of the business. Vanguard Group Inc. increased its holdings in Johnson Controls International by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 68,156,110 shares of the company’s stock valued at $5,379,562,000 after purchasing an additional 179,743 shares during the period. Franklin Resources Inc. increased its stake in shares of Johnson Controls International by 6.0% in the fourth quarter. Franklin Resources Inc. now owns 23,344,374 shares of the company’s stock valued at $1,842,571,000 after buying an additional 1,325,500 shares during the period. Invesco Ltd. raised its position in shares of Johnson Controls International by 13.2% during the fourth quarter. Invesco Ltd. now owns 18,407,597 shares of the company’s stock worth $1,452,912,000 after acquiring an additional 2,150,573 shares during the last quarter. Fisher Asset Management LLC boosted its holdings in Johnson Controls International by 2.9% in the fourth quarter. Fisher Asset Management LLC now owns 15,743,019 shares of the company’s stock valued at $1,242,597,000 after acquiring an additional 447,513 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in Johnson Controls International by 2.5% during the 4th quarter. Geode Capital Management LLC now owns 13,818,777 shares of the company’s stock valued at $1,087,670,000 after purchasing an additional 343,517 shares during the period. Institutional investors own 90.05% of the company’s stock.

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.