Johnson Controls International (NYSE:JCI) Price Target Raised to $90.00 at Wells Fargo & Company

by · The Cerbat Gem

Johnson Controls International (NYSE:JCI – Free Report) had its price target hoisted by Wells Fargo & Company from $84.00 to $90.00 in a research report report published on Thursday,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the stock.

A number of other brokerages have also recently commented on JCI. Mizuho increased their price objective on shares of Johnson Controls International from $62.00 to $75.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th. Robert W. Baird increased their price target on shares of Johnson Controls International from $72.00 to $78.00 and gave the company a “neutral” rating in a research report on Thursday, August 1st. StockNews.com raised shares of Johnson Controls International from a “hold” rating to a “buy” rating in a research note on Monday. Morgan Stanley initiated coverage on shares of Johnson Controls International in a report on Friday, September 6th. They issued an “overweight” rating and a $85.00 target price on the stock. Finally, The Goldman Sachs Group lifted their price objective on Johnson Controls International from $73.00 to $81.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Eleven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, Johnson Controls International currently has a consensus rating of “Hold” and an average target price of $75.64.

View Our Latest Stock Analysis on Johnson Controls International

Johnson Controls International Price Performance

Shares of NYSE JCI traded up $2.71 during midday trading on Thursday, hitting $84.62. The company had a trading volume of 4,338,041 shares, compared to its average volume of 4,949,066. The firm has a market capitalization of $56.53 billion, a price-to-earnings ratio of 33.31, a price-to-earnings-growth ratio of 2.39 and a beta of 1.29. Johnson Controls International has a twelve month low of $50.00 and a twelve month high of $84.79. The business has a 50-day simple moving average of $74.87 and a two-hundred day simple moving average of $70.72. The company has a quick ratio of 0.73, a current ratio of 0.94 and a debt-to-equity ratio of 0.46.

Johnson Controls International (NYSE:JCI – Get Free Report) last released its quarterly earnings data on Wednesday, November 6th. The company reported $1.28 earnings per share for the quarter, beating the consensus estimate of $1.25 by $0.03. The firm had revenue of $6.25 billion during the quarter, compared to the consensus estimate of $7.26 billion. Johnson Controls International had a return on equity of 14.51% and a net margin of 6.49%. Equities research analysts anticipate that Johnson Controls International will post 3.46 earnings per share for the current year.

Johnson Controls International Announces Dividend

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

Insider Buying and Selling at Johnson Controls International

In other news, COO Nathan D. Manning sold 1,167 shares of the company’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 sale, the chief operating officer now directly owns 143,488 shares of the company’s stock, valued at approximately $10,438,752. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, COO Nathan D. Manning sold 1,167 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $72.75, for a total transaction of $84,899.25. Following 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 position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO George Oliver sold 110,615 shares of the firm’s stock in a transaction dated 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 owns 1,243,751 shares of the company’s stock, valued at $90,383,385.17. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 226,141 shares of company stock valued at $16,904,519 in the last 90 days. 0.69% of the stock is currently owned by company insiders.

Institutional Trading of Johnson Controls International

A number of institutional investors have recently modified their holdings of the business. M&G Plc bought a new position in shares of Johnson Controls International in the 1st quarter worth $120,948,000. Cetera Investment Advisers lifted its stake in shares of Johnson Controls International by 470.9% in the first quarter. Cetera Investment Advisers now owns 157,980 shares of the company’s stock worth $10,319,000 after buying an additional 130,308 shares in the last quarter. Epoch Investment Partners Inc. increased its holdings in shares of Johnson Controls International by 0.9% in the 1st quarter. Epoch Investment Partners Inc. now owns 1,129,418 shares of the company’s stock worth $73,774,000 after purchasing an additional 10,146 shares in the last quarter. Orion Portfolio Solutions LLC raised its position in Johnson Controls International by 15.8% in the 1st quarter. Orion Portfolio Solutions LLC now owns 27,191 shares of the company’s stock worth $1,776,000 after buying an additional 3,717 shares during the last quarter. Finally, International Assets Investment Management LLC bought a new position in Johnson Controls International during the third quarter valued at approximately $7,692,000. 90.05% of the stock is currently owned by hedge funds and other institutional investors.

About Johnson Controls International

(Get Free Report)

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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