Johnson Controls International plc (NYSE:JCI) Receives $82.53 Average Price Target from Brokerages

Shares of Johnson Controls International plc (NYSE:JCIGet Free Report) have earned an average rating of “Hold” from the seventeen analysts that are covering the firm, MarketBeat Ratings reports. Ten research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $84.00.

Several research firms have recently issued reports on JCI. Oppenheimer upped their target price on shares of Johnson Controls International from $86.00 to $87.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. UBS Group assumed coverage on shares of Johnson Controls International in a research note on Wednesday, November 13th. They issued a “neutral” rating and a $90.00 price objective for the company. Royal Bank of Canada boosted their target price on Johnson Controls International from $81.00 to $86.00 and gave the stock a “sector perform” rating in a research note on Thursday, November 7th. Argus raised Johnson Controls International from a “hold” rating to a “buy” rating and set a $88.00 price target for the company in a research report on Friday, December 20th. Finally, Mizuho boosted their price objective on Johnson Controls International from $62.00 to $75.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th.

Get Our Latest Stock Analysis on Johnson Controls International

Insider Buying and Selling

In other news, CEO George Oliver sold 224,152 shares of the stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $82.72, for a total transaction of $18,541,853.44. Following the transaction, the chief executive officer now directly owns 1,166,992 shares in the company, valued at approximately $96,533,578.24. This represents a 16.11 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Marlon Sullivan sold 7,230 shares of the business’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $83.35, for a total value of $602,620.50. Following the completion of the sale, the executive vice president now owns 32,246 shares of the company’s stock, valued at $2,687,704.10. The trade was a 18.31 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 647,787 shares of company stock valued at $53,972,452. Company insiders own 0.69% of the company’s stock.

Institutional Investors Weigh In On Johnson Controls International

A number of institutional investors have recently made changes to their positions in the business. Park Avenue Securities LLC grew its holdings in Johnson Controls International by 101.5% in the 4th quarter. Park Avenue Securities LLC now owns 26,517 shares of the company’s stock worth $2,093,000 after acquiring an additional 13,360 shares during the last quarter. Y Intercept Hong Kong Ltd boosted its holdings in shares of Johnson Controls International by 136.8% during the third quarter. Y Intercept Hong Kong Ltd now owns 91,248 shares of the company’s stock worth $7,082,000 after purchasing an additional 52,719 shares during the period. Geode Capital Management LLC grew its stake in shares of Johnson Controls International by 0.5% in the third quarter. Geode Capital Management LLC now owns 13,475,260 shares of the company’s stock worth $1,041,822,000 after purchasing an additional 71,493 shares during the last quarter. BNC Wealth Management LLC purchased a new position in Johnson Controls International during the 4th quarter valued at about $2,093,000. Finally, International Assets Investment Management LLC bought a new position in Johnson Controls International during the 3rd quarter valued at approximately $7,692,000. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Johnson Controls International Stock Down 1.1 %

Shares of NYSE:JCI opened at $76.18 on Friday. The business’s 50 day moving average is $81.48 and its 200 day moving average is $76.39. Johnson Controls International has a 12-month low of $52.02 and a 12-month high of $87.16. The stock has a market cap of $50.29 billion, a price-to-earnings ratio of 29.99, a PEG ratio of 2.35 and a beta of 1.32. The company has a quick ratio of 0.79, a current ratio of 0.94 and a debt-to-equity ratio of 0.46.

Johnson Controls International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Monday, December 23rd were given a $0.37 dividend. The ex-dividend date of this dividend was Monday, December 23rd. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.94%. Johnson Controls International’s dividend payout ratio (DPR) is currently 58.27%.

Johnson Controls International Company Profile

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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.

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