Brokerages Set Johnson Controls International plc (NYSE:JCI) Price Target at $91.27

Johnson Controls International plc (NYSE:JCI) has been given an average recommendation of “Moderate Buy” by the fifteen ratings firms that are presently covering the firm, Marketbeat.com reports. Seven research analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $91.27.

JCI has been the topic of a number of analyst reports. Wells Fargo & Company upped their price objective on shares of Johnson Controls International from $92.00 to $98.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Morgan Stanley upped their price objective on shares of Johnson Controls International from $95.00 to $105.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Barclays reduced their price objective on shares of Johnson Controls International from $88.00 to $85.00 and set an “equal weight” rating on the stock in a research note on Monday, March 10th. Melius Research reaffirmed a “hold” rating and issued a $95.00 price objective on shares of Johnson Controls International in a research note on Tuesday, January 28th. Finally, JPMorgan Chase & Co. increased their target price on shares of Johnson Controls International from $87.00 to $100.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th.

Johnson Controls International Trading Up 1.6 %

Shares of NYSE JCI opened at $82.91 on Monday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.86 and a current ratio of 1.02. Johnson Controls International has a 52-week low of $59.83 and a 52-week high of $91.14. The firm has a 50 day moving average price of $82.56 and a two-hundred day moving average price of $79.95. The stock has a market cap of $54.73 billion, a P/E ratio of 31.64, a price-to-earnings-growth ratio of 1.96 and a beta of 1.32.

Johnson Controls International (NYSE:JCI) last announced its quarterly earnings results on Wednesday, February 5th. The company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.05. Johnson Controls International had a net margin of 6.83% and a return on equity of 15.11%. As a group, equities analysts forecast that Johnson Controls International will post 3.64 EPS for the current year.

Johnson Controls International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Monday, March 24th will be paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.79%. The ex-dividend date is Monday, March 24th. Johnson Controls International’s dividend payout ratio (DPR) is 56.49%.

Insider Buying and Selling at Johnson Controls International

In other Johnson Controls International news, CEO George Oliver sold 205,168 shares of the firm’s stock in a transaction on Friday, February 7th. The shares were sold at an average price of $88.03, for a total value of $18,060,939.04. Following the transaction, the chief executive officer now directly owns 1,260,527 shares of the company’s stock, valued at approximately $110,964,191.81. This trade represents a 14.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Nathan D. Manning sold 1,421 shares of the stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $76.44, for a total transaction of $108,621.24. Following the completion of the sale, the vice president now owns 148,346 shares of the company’s stock, valued at approximately $11,339,568.24. This represents a 0.95 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 906,050 shares of company stock valued at $77,839,329. Corporate insiders own 0.54% of the company’s stock.

Institutional Trading of Johnson Controls International

Several institutional investors and hedge funds have recently made changes to their positions in JCI. Compass Financial Services Inc purchased a new stake in shares of Johnson Controls International in the fourth quarter valued at about $26,000. SBI Securities Co. Ltd. purchased a new stake in shares of Johnson Controls International in the fourth quarter valued at about $29,000. Synergy Asset Management LLC purchased a new stake in shares of Johnson Controls International in the fourth quarter valued at about $42,000. Crowley Wealth Management Inc. purchased a new stake in shares of Johnson Controls International in the fourth quarter valued at about $42,000. Finally, ST Germain D J Co. Inc. raised its holdings in shares of Johnson Controls International by 32.8% in the fourth quarter. ST Germain D J Co. Inc. now owns 543 shares of the company’s stock valued at $43,000 after purchasing an additional 134 shares during the last quarter. Hedge funds and other 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.