Johnson Controls International (NYSE:JCI) PT Lowered to $59.00 at Barclays

Johnson Controls International (NYSE:JCI) had its price objective lowered by Barclays from $61.00 to $59.00 in a research note released on Thursday morning, Benzinga reports. Barclays currently has an equal weight rating on the stock.

Several other equities analysts also recently weighed in on JCI. Melius Research reaffirmed a hold rating on shares of Johnson Controls International in a report on Tuesday, January 30th. Wells Fargo & Company upped their target price on shares of Johnson Controls International from $64.00 to $73.00 and gave the stock an overweight rating in a report on Tuesday, April 2nd. HSBC cut Johnson Controls International from a buy rating to a hold rating and set a $60.00 price target on the stock. in a report on Wednesday, January 31st. Oppenheimer dropped their price objective on Johnson Controls International from $71.00 to $70.00 and set an outperform rating for the company in a research note on Thursday. Finally, Mizuho downgraded Johnson Controls International from a buy rating to a neutral rating and set a $62.00 target price on the stock. in a research note on Friday, February 23rd. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, Johnson Controls International presently has a consensus rating of Hold and an average target price of $64.25.

Johnson Controls International Trading Up 2.7 %

Shares of JCI stock opened at $62.38 on Thursday. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.87 and a quick ratio of 0.65. The company has a market cap of $42.02 billion, a price-to-earnings ratio of 25.26, a PEG ratio of 1.59 and a beta of 1.23. Johnson Controls International has a 1 year low of $47.90 and a 1 year high of $70.43. The firm has a fifty day moving average price of $63.31 and a 200-day moving average price of $57.30.

Johnson Controls International (NYSE:JCI) last released its quarterly earnings results on Wednesday, May 1st. The company reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.03. Johnson Controls International had a return on equity of 13.21% and a net margin of 6.32%. The business had revenue of $6.70 billion during the quarter, compared to analyst estimates of $7.51 billion. During the same quarter in the previous year, the company posted $0.75 earnings per share. Johnson Controls International’s revenue for the quarter was down 6.1% on a year-over-year basis. As a group, equities analysts predict that Johnson Controls International will post 3.61 earnings per share for the current year.

Johnson Controls International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, April 19th. Investors of record on Monday, March 25th were given a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 2.37%. The ex-dividend date was Friday, March 22nd. Johnson Controls International’s dividend payout ratio is presently 59.92%.

Hedge Funds Weigh In On Johnson Controls International

Institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its position in shares of Johnson Controls International by 17.3% during the 4th quarter. Vanguard Group Inc. now owns 71,387,169 shares of the company’s stock valued at $4,114,756,000 after buying an additional 10,522,009 shares in the last quarter. Franklin Resources Inc. raised its position in Johnson Controls International by 1.9% during the fourth quarter. Franklin Resources Inc. now owns 16,419,338 shares of the company’s stock valued at $946,411,000 after purchasing an additional 305,798 shares during the period. Fisher Asset Management LLC raised its position in Johnson Controls International by 4.8% during the fourth quarter. Fisher Asset Management LLC now owns 13,528,240 shares of the company’s stock valued at $779,768,000 after purchasing an additional 618,120 shares during the period. Invesco Ltd. lifted its stake in shares of Johnson Controls International by 4.7% in the 3rd quarter. Invesco Ltd. now owns 13,063,227 shares of the company’s stock valued at $695,094,000 after purchasing an additional 588,724 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Johnson Controls International by 95.9% in the 1st quarter. Bank of New York Mellon Corp now owns 12,760,120 shares of the company’s stock worth $833,491,000 after purchasing an additional 6,247,250 shares during the period. 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.