Analysts Set Johnson Controls International plc (NYSE:JCI) Price Target at $90.00

Shares of Johnson Controls International plc (NYSE:JCI) have been given a consensus recommendation of “Moderate Buy” by the fifteen research firms that are currently covering the firm, Marketbeat Ratings reports. Seven analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $90.00.

Several equities analysts recently commented on the company. Barclays reduced 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. Citigroup reduced their target price on shares of Johnson Controls International from $85.00 to $84.00 and set a “neutral” rating on the stock in a research report on Monday, January 13th. Melius Research reissued a “hold” rating and set a $95.00 price target on shares of Johnson Controls International in a research report on Tuesday, January 28th. Royal Bank of Canada upped their price objective on shares of Johnson Controls International from $86.00 to $93.00 and gave the stock a “sector perform” rating in a report on Thursday, February 6th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Johnson Controls International from $100.00 to $81.00 and set an “overweight” rating for the company in a report on Tuesday, April 8th.

Johnson Controls International Stock Up 1.9 %

Johnson Controls International stock opened at $77.68 on Friday. The firm has a market capitalization of $51.28 billion, a price-to-earnings ratio of 29.65, a P/E/G ratio of 1.96 and a beta of 1.22. The firm has a 50 day simple moving average of $82.34 and a 200 day simple moving average of $80.82. Johnson Controls International has a 1-year low of $59.83 and a 1-year high of $91.14. The company has a current ratio of 1.02, a quick ratio of 0.86 and a debt-to-equity ratio of 0.50.

Johnson Controls International (NYSE:JCI) last released its quarterly earnings data on Wednesday, February 5th. The company reported $0.64 earnings per share (EPS) for the quarter, beating 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, analysts predict that Johnson Controls International will post 3.64 earnings per share for the current year.

Johnson Controls International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Monday, March 24th will be issued a dividend of $0.37 per share. The ex-dividend date of this dividend is Monday, March 24th. This represents a $1.48 dividend on an annualized basis and a yield of 1.91%. Johnson Controls International’s dividend payout ratio is currently 56.49%.

Insider Transactions at Johnson Controls International

In related news, VP Daniel C. Mcconeghy sold 1,950 shares of the company’s stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $87.73, for a total transaction of $171,073.50. Following the completion of the transaction, the vice president now owns 24,803 shares in the company, valued at approximately $2,175,967.19. This represents a 7.29 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Nathan D. Manning sold 1,421 shares of the firm’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $76.44, for a total transaction of $108,621.24. Following the transaction, the vice president now directly owns 148,346 shares of the company’s stock, 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 have sold 907,286 shares of company stock worth $77,938,071 in the last 90 days. 0.54% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in JCI. Orion Portfolio Solutions LLC grew its holdings in shares of Johnson Controls International by 4.5% in the third quarter. Orion Portfolio Solutions LLC now owns 29,361 shares of the company’s stock valued at $2,279,000 after purchasing an additional 1,262 shares in the last quarter. Continuum Advisory LLC increased its holdings in shares of Johnson Controls International by 79.1% in the 3rd quarter. Continuum Advisory LLC now owns 944 shares of the company’s stock worth $80,000 after buying an additional 417 shares during the last quarter. Barclays PLC raised its position in shares of Johnson Controls International by 6.7% during the 3rd quarter. Barclays PLC now owns 1,685,322 shares of the company’s stock valued at $130,797,000 after buying an additional 105,194 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Johnson Controls International by 0.5% in the 3rd quarter. Geode Capital Management LLC now owns 13,475,260 shares of the company’s stock valued at $1,041,822,000 after acquiring an additional 71,493 shares during the last quarter. Finally, Coldstream Capital Management Inc. lifted its holdings in shares of Johnson Controls International by 13.7% in the 3rd quarter. Coldstream Capital Management Inc. now owns 11,020 shares of the company’s stock valued at $862,000 after acquiring an additional 1,327 shares during the last quarter. Institutional investors own 90.05% of the company’s stock.

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.