Johnson Controls International plc (NYSE:JCI) Receives $155.50 Average Target Price from Analysts

Shares of Johnson Controls International plc (NYSE:JCIGet Free Report) have been given an average recommendation of “Hold” by the twenty-three ratings firms that are presently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, ten have given a hold rating and twelve have given a buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $155.50.

Several equities research analysts have weighed in on the company. Weiss Ratings reiterated a “buy (b)” rating on shares of Johnson Controls International in a report on Tuesday, June 9th. Morgan Stanley increased their target price on shares of Johnson Controls International from $140.00 to $175.00 and gave the stock an “overweight” rating in a report on Tuesday, June 9th. Mizuho upped their price target on shares of Johnson Controls International from $130.00 to $140.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Wolfe Research reiterated an “outperform” rating and set a $171.00 price objective on shares of Johnson Controls International in a research note on Wednesday, June 3rd. Finally, Wells Fargo & Company boosted their price objective on shares of Johnson Controls International from $145.00 to $160.00 and gave the stock an “overweight” rating in a research note on Thursday, May 7th.

Read Our Latest Research Report on Johnson Controls International

Insider Activity

In other Johnson Controls International news, VP Lei Zhang Schlitz sold 23,417 shares of Johnson Controls International stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $153.07, for a total value of $3,584,440.19. Following the transaction, the vice president owned 15,017 shares in the company, valued at $2,298,652.19. The trade was a 60.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Todd M. Grabowski sold 1,800 shares of the stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $146.20, for a total transaction of $263,160.00. Following the sale, the vice president directly owned 26,215 shares of the company’s stock, valued at approximately $3,832,633. The trade was a 6.43% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.29% of the stock is owned by insiders.

Hedge Funds Weigh In On Johnson Controls International

A number of large investors have recently made changes to their positions in JCI. Mcguire Capital Advisors Inc. acquired a new stake in Johnson Controls International in the fourth quarter worth about $27,000. NBH Bank purchased a new position in shares of Johnson Controls International in the 2nd quarter valued at approximately $29,000. Twin Tree Management LP raised its position in shares of Johnson Controls International by 140.9% in the 4th quarter. Twin Tree Management LP now owns 260 shares of the company’s stock valued at $31,000 after purchasing an additional 895 shares during the last quarter. Fourth Dimension Wealth LLC boosted its stake in Johnson Controls International by 51.3% in the 2nd quarter. Fourth Dimension Wealth LLC now owns 230 shares of the company’s stock worth $34,000 after purchasing an additional 78 shares in the last quarter. Finally, First Bancorp Inc ME purchased a new stake in Johnson Controls International during the 2nd quarter worth approximately $34,000. 90.05% of the stock is owned by institutional investors and hedge funds.

Johnson Controls International Price Performance

JCI opened at $144.52 on Monday. The stock has a market cap of $87.54 billion, a P/E ratio of 25.13, a PEG ratio of 1.36 and a beta of 1.31. Johnson Controls International has a 52-week low of $103.82 and a 52-week high of $157.06. The company has a quick ratio of 0.83, a current ratio of 1.00 and a debt-to-equity ratio of 0.61. The business has a fifty day moving average of $145.10 and a 200 day moving average of $141.21.

Johnson Controls International (NYSE:JCIGet Free Report) last announced its quarterly earnings data on Thursday, July 30th. The company reported $1.42 earnings per share for the quarter, beating analysts’ consensus estimates of $1.30 by $0.12. The company had revenue of $6.61 billion during the quarter, compared to analyst estimates of $6.46 billion. Johnson Controls International had a net margin of 14.32% and a return on equity of 22.11%. The firm’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same quarter last year, the business posted $1.05 EPS. As a group, sell-side analysts anticipate that Johnson Controls International will post 5.08 EPS for the current year.

Johnson Controls International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 10th. Investors of record on Monday, June 15th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Monday, June 15th. Johnson Controls International’s dividend payout ratio is 27.83%.

About Johnson Controls International

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Johnson Controls International plc is a global diversified technology and multi‑industrial company that develops products, services and solutions for buildings and energy storage. The company’s core focus is on improving building efficiency, safety and sustainability through a combination of HVAC equipment, building controls and automation, fire and security systems, and related services. Johnson Controls traces its roots to 1885, when inventor Warren S. Johnson developed an electric room thermostat; over its long history the company has expanded from controls into a broad set of building‑related technologies and, through corporate transactions, into a global provider of integrated building solutions.

Johnson Controls’ product and service portfolio includes heating, ventilation and air‑conditioning equipment, chillers, air handlers and related mechanical systems, together with building automation and control platforms that monitor and manage energy use, indoor environmental quality and security.

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Analyst Recommendations for Johnson Controls International (NYSE:JCI)

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