Johnson Controls International plc (NYSE:JCI) Receives $75.64 Average Price Target from Analysts

Shares of Johnson Controls International plc (NYSE:JCI) have received an average rating of “Hold” from the sixteen research firms that are presently covering the company, Marketbeat Ratings reports. Eleven equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $77.21.

Several research analysts recently commented on the company. Wells Fargo & Company increased their price objective on Johnson Controls International from $84.00 to $90.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. Bank of America increased their target price on shares of Johnson Controls International from $80.00 to $95.00 and gave the company a “buy” rating in a research report on Friday, September 27th. Morgan Stanley started coverage on shares of Johnson Controls International in a research report on Friday, September 6th. They set an “overweight” rating and a $85.00 price target on the stock. StockNews.com downgraded shares of Johnson Controls International from a “buy” rating to a “hold” rating in a report on Tuesday. Finally, The Goldman Sachs Group boosted their target price on Johnson Controls International from $73.00 to $81.00 and gave the stock a “buy” rating in a report on Friday, August 2nd.

Insider Activity at Johnson Controls International

In related news, COO Nathan D. Manning sold 3,000 shares of Johnson Controls International stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $77.08, for a total value of $231,240.00. Following the completion of the transaction, the chief operating officer now directly owns 140,488 shares in the company, valued at approximately $10,828,815.04. This trade represents a 2.09 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO George Oliver sold 110,615 shares of the business’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $72.67, for a total value of $8,038,392.05. Following the transaction, the chief executive officer now directly owns 1,243,751 shares of the company’s stock, valued at $90,383,385.17. The trade was a 8.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 226,141 shares of company stock worth $16,904,519. 0.69% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Johnson Controls International

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Capital World Investors lifted its holdings in Johnson Controls International by 85.5% during the 1st quarter. Capital World Investors now owns 14,142,736 shares of the company’s stock worth $923,804,000 after buying an additional 6,520,580 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Johnson Controls International by 514.9% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,391,562 shares of the company’s stock worth $418,439,000 after purchasing an additional 4,514,792 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC boosted its holdings in Johnson Controls International by 686.4% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 4,445,418 shares of the company’s stock valued at $295,487,000 after purchasing an additional 3,880,146 shares in the last quarter. M&G Plc purchased a new position in Johnson Controls International in the first quarter valued at approximately $120,948,000. Finally, Toronto Dominion Bank increased its stake in Johnson Controls International by 413.5% in the first quarter. Toronto Dominion Bank now owns 1,935,465 shares of the company’s stock valued at $126,425,000 after purchasing an additional 1,558,560 shares during the last quarter. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Johnson Controls International Stock Down 0.7 %

Shares of NYSE JCI opened at $85.12 on Tuesday. The firm has a market cap of $56.86 billion, a price-to-earnings ratio of 33.74, a price-to-earnings-growth ratio of 2.38 and a beta of 1.29. The company’s 50-day simple moving average is $76.20 and its 200-day simple moving average is $71.42. 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 has a 52-week low of $51.40 and a 52-week high of $87.16.

Johnson Controls International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Wednesday, September 25th were paid a $0.37 dividend. The ex-dividend date of this dividend was Wednesday, September 25th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.74%. Johnson Controls International’s payout ratio is presently 58.27%.

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.