Citigroup Lowers Johnson Controls International (NYSE:JCI) Price Target to $84.00

Johnson Controls International (NYSE:JCI) had its price target trimmed by Citigroup from $85.00 to $84.00 in a research report sent to investors on Monday morning,Benzinga reports. The brokerage currently has a neutral rating on the stock.

Several other equities analysts also recently issued reports on JCI. Oppenheimer boosted their price target on shares of Johnson Controls International from $86.00 to $87.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Robert W. Baird boosted their target price on shares of Johnson Controls International from $80.00 to $85.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Wells Fargo & Company dropped their price target on shares of Johnson Controls International from $95.00 to $92.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 7th. Mizuho lifted their price target on Johnson Controls International from $62.00 to $75.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. Finally, StockNews.com cut Johnson Controls International from a “buy” rating to a “hold” rating in a research report on Wednesday, November 20th. Ten investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $82.21.

Johnson Controls International Trading Up 0.9 %

NYSE:JCI opened at $79.37 on Monday. The firm has a market capitalization of $52.56 billion, a P/E ratio of 31.25, a P/E/G ratio of 2.31 and a beta of 1.32. The business has a 50 day simple moving average of $81.99 and a 200 day simple moving average of $75.43. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.94 and a quick ratio of 0.79. Johnson Controls International has a 12-month low of $51.71 and a 12-month high of $87.16.

Johnson Controls International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Monday, December 23rd will be paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 1.86%. The ex-dividend date of this dividend is Monday, December 23rd. Johnson Controls International’s dividend payout ratio is presently 58.27%.

Insider Transactions at Johnson Controls International

In other news, CEO George Oliver sold 110,616 shares of Johnson Controls International stock in a transaction on Friday, November 15th. The stock was sold at an average price of $84.60, for a total transaction of $9,358,113.60. Following the transaction, the chief executive officer now owns 1,244,617 shares in the company, valued at approximately $105,294,598.20. The trade was a 8.16 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Marlon Sullivan sold 7,230 shares of the company’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $83.35, for a total value of $602,620.50. Following the transaction, the executive vice president now directly owns 32,246 shares in the company, valued at $2,687,704.10. The trade was a 18.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 647,973 shares of company stock valued at $53,986,862 over the last ninety days. Corporate insiders own 0.69% of the company’s stock.

Institutional Trading of Johnson Controls International

Several institutional investors have recently made changes to their positions in the stock. Metis Global Partners LLC increased its stake in shares of Johnson Controls International by 0.4% during the 3rd quarter. Metis Global Partners LLC now owns 28,446 shares of the company’s stock worth $2,208,000 after purchasing an additional 127 shares during the last quarter. Graypoint LLC increased its holdings in shares of Johnson Controls International by 4.1% during the 4th quarter. Graypoint LLC now owns 3,277 shares of the company’s stock valued at $259,000 after acquiring an additional 130 shares during the last quarter. ST Germain D J Co. Inc. raised its stake in shares of Johnson Controls International by 32.8% in the 4th quarter. ST Germain D J Co. Inc. now owns 543 shares of the company’s stock valued at $43,000 after acquiring an additional 134 shares in the last quarter. Fulton Bank N.A. lifted its holdings in Johnson Controls International by 1.2% in the 4th quarter. Fulton Bank N.A. now owns 11,845 shares of the company’s stock worth $935,000 after purchasing an additional 139 shares during the last quarter. Finally, Brooklyn Investment Group boosted its position in Johnson Controls International by 3.5% during the third quarter. Brooklyn Investment Group now owns 4,309 shares of the company’s stock worth $334,000 after purchasing an additional 144 shares during the period. 90.05% of the stock is currently 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.