Johnson Controls International (NYSE:JCI) Price Target Raised to $75.00 at Mizuho

Johnson Controls International (NYSE:JCI) had its target price raised by Mizuho from $62.00 to $75.00 in a report published on Thursday morning, Benzinga reports. Mizuho currently has a neutral rating on the stock.

JCI has been the subject of a number of other research reports. The Goldman Sachs Group boosted their price target on shares of Johnson Controls International from $73.00 to $81.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Royal Bank of Canada raised Johnson Controls International from an “underperform” rating to a “sector perform” rating and increased their target price for the company from $61.00 to $69.00 in a research note on Wednesday, August 14th. Bank of America upped their price objective on Johnson Controls International from $80.00 to $95.00 and gave the stock a “buy” rating in a report on Friday, September 27th. StockNews.com cut Johnson Controls International from a “buy” rating to a “hold” rating in a report on Thursday, October 10th. Finally, Wells Fargo & Company upped their target price on Johnson Controls International from $80.00 to $84.00 and gave the stock an “overweight” rating in a research note on Monday, October 7th. Eleven research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, Johnson Controls International currently has an average rating of “Hold” and a consensus target price of $73.43.

Johnson Controls International Trading Up 0.2 %

Johnson Controls International stock opened at $77.44 on Thursday. The stock has a market cap of $51.73 billion, a P/E ratio of 32.40, a PEG ratio of 2.21 and a beta of 1.29. Johnson Controls International has a fifty-two week low of $47.90 and a fifty-two week high of $78.23. The firm’s fifty day moving average price is $73.12 and its 200-day moving average price is $69.66. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.73 and a current ratio of 0.96.

Johnson Controls International (NYSE:JCI) last announced its earnings results on Wednesday, July 31st. The company reported $1.14 earnings per share for the quarter, topping analysts’ consensus estimates of $1.08 by $0.06. The business had revenue of $7.23 billion for the quarter, compared to analyst estimates of $7.53 billion. Johnson Controls International had a return on equity of 13.64% and a net margin of 6.02%. The company’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same period in the prior year, the company earned $1.03 EPS. Equities research analysts forecast that Johnson Controls International will post 3.68 earnings per share for the current fiscal year.

Johnson Controls International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Wednesday, September 25th were given a dividend of $0.37 per share. The ex-dividend date was Wednesday, September 25th. This represents a $1.48 annualized dividend and a yield of 1.91%. Johnson Controls International’s payout ratio is currently 61.92%.

Insider Buying and Selling at Johnson Controls International

In other news, COO Nathan D. Manning sold 1,167 shares of the stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $72.75, for a total transaction of $84,899.25. Following the completion of the sale, the chief operating officer now directly owns 143,488 shares in the company, valued at approximately $10,438,752. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, COO Nathan D. Manning sold 3,000 shares of Johnson Controls International stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $77.08, for a total value of $231,240.00. Following the sale, the chief operating officer now directly owns 140,488 shares in the company, valued at approximately $10,828,815.04. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Nathan D. Manning sold 1,167 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $72.75, for a total value of $84,899.25. Following the transaction, the chief operating officer now owns 143,488 shares of the company’s stock, valued at approximately $10,438,752. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 227,308 shares of company stock worth $16,984,829. 0.69% of the stock is currently owned by company insiders.

Institutional Trading of Johnson Controls International

Several large investors have recently added to or reduced their stakes in the stock. Rise Advisors LLC bought a new position in Johnson Controls International in the 1st quarter worth $25,000. Continuum Advisory LLC increased its position in shares of Johnson Controls International by 65.2% during the second quarter. Continuum Advisory LLC now owns 527 shares of the company’s stock valued at $35,000 after buying an additional 208 shares during the period. Wolff Wiese Magana LLC raised its stake in Johnson Controls International by 977.3% in the third quarter. Wolff Wiese Magana LLC now owns 474 shares of the company’s stock worth $37,000 after buying an additional 430 shares in the last quarter. Hexagon Capital Partners LLC lifted its holdings in Johnson Controls International by 39.7% in the second quarter. Hexagon Capital Partners LLC now owns 711 shares of the company’s stock worth $47,000 after buying an additional 202 shares during the period. Finally, Friedenthal Financial bought a new stake in Johnson Controls International during the 2nd quarter valued at approximately $47,000. 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.