Johnson Controls International (NYSE:JCI) Price Target Raised to $83.00

Johnson Controls International (NYSE:JCI) had its target price raised by Barclays from $75.00 to $83.00 in a research report sent to investors on Thursday,Benzinga reports. Barclays currently has an equal weight rating on the stock.

A number of other analysts have also recently weighed in on JCI. Oppenheimer raised their target price on shares of Johnson Controls International from $86.00 to $87.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Robert W. Baird raised their target price on shares of Johnson Controls International from $80.00 to $85.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. StockNews.com cut shares of Johnson Controls International from a “buy” rating to a “hold” rating in a report on Wednesday, November 20th. Wells Fargo & Company upped their price target on shares of Johnson Controls International from $84.00 to $90.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. Finally, Mizuho upped their price target on shares of Johnson Controls International from $62.00 to $75.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th. Twelve equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $78.57.

Johnson Controls International Trading Up 1.5 %

Shares of NYSE:JCI opened at $84.34 on Thursday. The stock has a market capitalization of $55.85 billion, a price-to-earnings ratio of 33.20, a PEG ratio of 2.34 and a beta of 1.31. Johnson Controls International has a 1-year low of $51.70 and a 1-year high of $87.16. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.79 and a current ratio of 0.94. The company has a 50 day moving average price of $79.91 and a 200 day moving average price of $73.54.

Johnson Controls International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Monday, December 23rd will be given a $0.37 dividend. The ex-dividend date is Monday, December 23rd. This represents a $1.48 dividend on an annualized basis and a yield of 1.75%. Johnson Controls International’s payout ratio is 58.27%.

Insiders Place Their Bets

In other news, CEO George Oliver sold 170,430 shares of the stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $83.70, for a total transaction of $14,264,991.00. Following the transaction, the chief executive officer now owns 1,166,992 shares in the company, valued at $97,677,230.40. This represents a 12.74 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Nathan D. Manning sold 3,000 shares of the stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $77.08, for a total transaction of $231,240.00. Following the transaction, the chief operating officer now owns 140,488 shares in the company, valued at approximately $10,828,815.04. This trade represents a 2.09 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 740,662 shares of company stock worth $59,869,133 in the last quarter. 0.69% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Fortitude Family Office LLC increased its stake in shares of Johnson Controls International by 195.8% during the 3rd quarter. Fortitude Family Office LLC now owns 420 shares of the company’s stock worth $33,000 after purchasing an additional 278 shares during the last quarter. Wolff Wiese Magana LLC grew its stake in Johnson Controls International by 977.3% in the 3rd quarter. Wolff Wiese Magana LLC now owns 474 shares of the company’s stock valued at $37,000 after buying an additional 430 shares during the last quarter. Continuum Advisory LLC grew its stake in Johnson Controls International by 65.2% in the 2nd 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 last quarter. Western Pacific Wealth Management LP acquired a new position in Johnson Controls International in the 3rd quarter valued at $44,000. Finally, Friedenthal Financial acquired a new position in Johnson Controls International in the 2nd quarter valued at $47,000. Institutional investors and hedge funds 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.