Johnson Controls International plc (NYSE:JCI) Receives $80.93 Average Target Price from Analysts

Johnson Controls International plc (NYSE:JCI) has been given a consensus rating of “Hold” by the fifteen analysts that are currently covering the firm, MarketBeat reports. Nine investment analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $80.93.

Several research firms have recently commented on JCI. Royal Bank of Canada upped their price objective on shares of Johnson Controls International from $81.00 to $86.00 and gave the company a “sector perform” rating in a report on Thursday, November 7th. UBS Group started coverage on Johnson Controls International in a research report on Wednesday, November 13th. They set a “neutral” rating and a $90.00 price target on the stock. Bank of America boosted their price objective on Johnson Controls International from $80.00 to $95.00 and gave the company a “buy” rating in a report on Friday, September 27th. StockNews.com downgraded 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 target for the company in a research report on Friday, December 20th.

Johnson Controls International Trading Up 1.2 %

Shares of NYSE:JCI opened at $79.92 on Wednesday. The company has a quick ratio of 0.79, a current ratio of 0.94 and a debt-to-equity ratio of 0.46. Johnson Controls International has a 52-week low of $51.71 and a 52-week high of $87.16. The stock has a market cap of $52.92 billion, a price-to-earnings ratio of 31.46, a PEG ratio of 2.31 and a beta of 1.32. The business has a 50-day moving average price of $81.53 and a 200-day moving average price of $74.77.

Johnson Controls International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Monday, December 23rd will be issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 1.85%. The ex-dividend date is Monday, December 23rd. Johnson Controls International’s payout ratio is 58.27%.

Insider Transactions at Johnson Controls International

In other Johnson Controls International news, CEO George Oliver sold 124,497 shares of Johnson Controls International stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $82.67, for a total transaction of $10,292,166.99. Following the sale, the chief executive officer now owns 1,267,716 shares of the company’s stock, valued at $104,802,081.72. The trade was a 8.94 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Marlon Sullivan sold 7,230 shares of the company’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $83.35, for a total transaction of $602,620.50. Following the sale, the executive vice president now directly owns 32,246 shares of the company’s stock, valued at $2,687,704.10. The trade was a 18.31 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 758,588 shares of company stock valued at $62,480,987 over the last 90 days. Corporate insiders own 0.69% of the company’s stock.

Hedge Funds Weigh In On Johnson Controls International

Hedge funds and other institutional investors have recently modified their holdings of the business. Rothschild Investment LLC acquired a new position in shares of Johnson Controls International during the 2nd quarter worth approximately $162,000. Concurrent Investment Advisors LLC boosted its stake in Johnson Controls International by 24.0% during the second quarter. Concurrent Investment Advisors LLC now owns 5,019 shares of the company’s stock worth $334,000 after buying an additional 973 shares during the last quarter. Commonwealth Equity Services LLC grew its holdings in Johnson Controls International by 3.4% in the 2nd quarter. Commonwealth Equity Services LLC now owns 129,468 shares of the company’s stock valued at $8,606,000 after buying an additional 4,246 shares in the last quarter. Van ECK Associates Corp increased its stake in shares of Johnson Controls International by 7.6% in the 2nd quarter. Van ECK Associates Corp now owns 39,086 shares of the company’s stock worth $2,598,000 after acquiring an additional 2,764 shares during the last quarter. Finally, Farther Finance Advisors LLC raised its holdings in shares of Johnson Controls International by 60.8% during the 2nd quarter. Farther Finance Advisors LLC now owns 5,761 shares of the company’s stock worth $377,000 after acquiring an additional 2,178 shares during the period. 90.05% of the stock is owned by hedge funds and other institutional investors.

Johnson Controls International Company Profile

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.