Johnson Controls International (NYSE:JCI) Price Target Raised to $115.00

Johnson Controls International (NYSE:JCI) had its price objective boosted by Morgan Stanley from $105.00 to $115.00 in a research note published on Friday,Benzinga reports. They currently have an overweight rating on the stock.

A number of other analysts have also recently issued reports on JCI. UBS Group upgraded Johnson Controls International from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $90.00 to $103.00 in a research report on Monday, February 10th. Melius Research restated a “hold” rating and set a $95.00 price objective on shares of Johnson Controls International in a research report on Tuesday, January 28th. Vertical Research upgraded Johnson Controls International from a “hold” rating to a “buy” rating and set a $105.00 price target on the stock in a research report on Thursday. Citigroup lowered their price target on Johnson Controls International from $95.00 to $85.00 and set a “neutral” rating on the stock in a research report on Monday, April 14th. Finally, JPMorgan Chase & Co. lowered their price target on Johnson Controls International from $100.00 to $81.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 8th. Eight analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $92.94.

Johnson Controls International Stock Performance

JCI opened at $91.96 on Friday. The stock has a market cap of $60.51 billion, a PE ratio of 35.10, a P/E/G ratio of 1.96 and a beta of 1.28. 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 has a 1 year low of $64.31 and a 1 year high of $92.41. The stock’s 50 day simple moving average is $80.63 and its 200-day simple moving average is $81.64.

Johnson Controls International (NYSE:JCI) last released its quarterly earnings data on Wednesday, May 7th. The company reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $0.05. The business had revenue of $5.68 billion for the quarter, compared to analysts’ expectations of $5.64 billion. Johnson Controls International had a return on equity of 15.11% and a net margin of 6.83%. Johnson Controls International’s quarterly revenue was up 1.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.78 earnings per share. Sell-side analysts forecast that Johnson Controls International will post 3.64 EPS for the current year.

Johnson Controls International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Monday, March 24th were issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 1.61%. The ex-dividend date of this dividend was Monday, March 24th. Johnson Controls International’s payout ratio is presently 39.47%.

Insider Transactions at Johnson Controls International

In other news, CEO George Oliver sold 162,894 shares of the stock in a transaction on Friday, February 14th. The stock was sold at an average price of $89.28, for a total transaction of $14,543,176.32. Following the sale, the chief executive officer now owns 1,203,893 shares in the company, valued at approximately $107,483,567.04. This represents a 11.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Nathan D. Manning sold 1,422 shares of the stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $79.72, for a total value of $113,361.84. Following the sale, the vice president now owns 145,502 shares in the company, valued at $11,599,419.44. The trade was a 0.97% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 523,290 shares of company stock worth $44,018,746. Insiders own 0.54% of the company’s stock.

Hedge Funds Weigh In On Johnson Controls International

Several large investors have recently made changes to their positions in the company. TIAA Trust National Association lifted its stake in shares of Johnson Controls International by 1.0% during the first quarter. TIAA Trust National Association now owns 11,339 shares of the company’s stock valued at $908,000 after acquiring an additional 115 shares during the period. Strategic Blueprint LLC lifted its stake in shares of Johnson Controls International by 4.3% during the first quarter. Strategic Blueprint LLC now owns 2,980 shares of the company’s stock valued at $239,000 after acquiring an additional 123 shares during the period. HighPoint Advisor Group LLC lifted its stake in shares of Johnson Controls International by 1.4% during the first quarter. HighPoint Advisor Group LLC now owns 8,976 shares of the company’s stock valued at $739,000 after acquiring an additional 124 shares during the period. Sfmg LLC lifted its stake in shares of Johnson Controls International by 4.5% during the first quarter. Sfmg LLC now owns 2,913 shares of the company’s stock valued at $233,000 after acquiring an additional 125 shares during the period. Finally, Gilbert & Cook Inc. lifted its stake in shares of Johnson Controls International by 2.0% during the fourth quarter. Gilbert & Cook Inc. now owns 6,458 shares of the company’s stock valued at $510,000 after acquiring an additional 127 shares during the period. 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.