Johnson Controls International (NYSE:JCI) Price Target Raised to $90.00

Johnson Controls International (NYSE:JCI) had its price target increased by Wells Fargo & Company from $84.00 to $90.00 in a research report released on Thursday,Benzinga reports. They currently have an overweight rating on the stock.

JCI has been the topic of a number of other reports. Oppenheimer raised their price target on Johnson Controls International from $79.00 to $86.00 and gave the company an “outperform” rating in a report on Wednesday, October 2nd. Mizuho lifted their target price on Johnson Controls International from $62.00 to $75.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th. Barclays upped their price target on Johnson Controls International from $62.00 to $64.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 2nd. Royal Bank of Canada upgraded shares of Johnson Controls International from an “underperform” rating to a “sector perform” rating and lifted their price objective for the company from $61.00 to $69.00 in a research report on Wednesday, August 14th. Finally, Bank of America upped their target price on shares of Johnson Controls International from $80.00 to $95.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. Eleven research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $75.64.

Johnson Controls International Price Performance

Shares of NYSE:JCI opened at $84.62 on Thursday. The firm’s 50 day simple moving average is $75.32 and its two-hundred day simple moving average is $70.98. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.94 and a quick ratio of 0.73. The company has a market capitalization of $56.53 billion, a P/E ratio of 33.31, a P/E/G ratio of 2.46 and a beta of 1.29. Johnson Controls International has a 1-year low of $50.00 and a 1-year high of $84.79.

Johnson Controls International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Wednesday, September 25th were paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 1.75%. The ex-dividend date of this dividend was Wednesday, September 25th. Johnson Controls International’s payout ratio is 58.27%.

Insider Buying and Selling at Johnson Controls International

In related news, COO Nathan D. Manning sold 1,167 shares of Johnson Controls International stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $72.75, for a total transaction of $84,899.25. Following the completion of the transaction, the chief operating officer now directly owns 143,488 shares of the company’s stock, valued at approximately $10,438,752. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Johnson Controls International news, COO Nathan D. Manning sold 1,167 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $72.75, for a total value of $84,899.25. Following the completion of the sale, the chief operating officer now owns 143,488 shares of the company’s stock, valued at $10,438,752. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Nathan D. Manning sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $77.08, for a total value of $231,240.00. Following the transaction, the chief operating officer now directly owns 140,488 shares in the company, valued at approximately $10,828,815.04. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 226,141 shares of company stock worth $16,904,519 over the last quarter. Insiders own 0.69% 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. Metis Global Partners LLC increased its stake in Johnson Controls International by 0.4% in the 3rd quarter. Metis Global Partners LLC now owns 28,446 shares of the company’s stock worth $2,208,000 after buying an additional 127 shares during the period. Summit Trail Advisors LLC increased its position in shares of Johnson Controls International by 4.6% during the second quarter. Summit Trail Advisors LLC now owns 3,715 shares of the company’s stock worth $248,000 after acquiring an additional 163 shares during the period. Miracle Mile Advisors LLC raised its stake in shares of Johnson Controls International by 1.0% during the third quarter. Miracle Mile Advisors LLC now owns 17,011 shares of the company’s stock valued at $1,320,000 after acquiring an additional 163 shares in the last quarter. Berry Wealth Group LP boosted its holdings in shares of Johnson Controls International by 0.7% in the third quarter. Berry Wealth Group LP now owns 25,978 shares of the company’s stock valued at $2,016,000 after purchasing an additional 177 shares during the period. Finally, Commerce Bank grew its stake in Johnson Controls International by 0.8% in the third quarter. Commerce Bank now owns 22,984 shares of the company’s stock worth $1,784,000 after purchasing an additional 186 shares in the last quarter. 90.05% of the stock is currently owned by institutional investors.

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.