Johnson Controls International (NYSE:JCI) Price Target Raised to $191.00

Johnson Controls International (NYSE:JCI) had its target price upped by The Goldman Sachs Group from $186.00 to $191.00 in a research note released on Wednesday morning. The Goldman Sachs Group currently has a buy rating on the stock.

A number of other research firms have also commented on JCI. Royal Bank Of Canada upped their price objective on shares of Johnson Controls International from $154.00 to $161.00 and gave the company a “sector perform” rating in a research note on Thursday, July 30th. Oppenheimer reissued a “market perform” rating on shares of Johnson Controls International in a research note on Tuesday, June 2nd. Wolfe Research restated an “outperform” rating and issued a $171.00 target price on shares of Johnson Controls International in a report on Wednesday, June 3rd. Deutsche Bank Aktiengesellschaft cut their price target on shares of Johnson Controls International from $180.00 to $178.00 and set a “buy” rating on the stock in a research report on Wednesday. Finally, UBS Group reiterated a “buy” rating on shares of Johnson Controls International in a report on Wednesday, September 16th. Twelve analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $160.35.

Johnson Controls International Stock Up 2.9%

Shares of NYSE:JCI opened at $156.18 on Wednesday. The firm has a market cap of $94.61 billion, a P/E ratio of 27.16, a P/E/G ratio of 1.16 and a beta of 1.27. Johnson Controls International has a 12-month low of $104.49 and a 12-month high of $157.06. The business has a fifty day simple moving average of $146.09 and a 200 day simple moving average of $142.20. The company has a quick ratio of 0.83, a current ratio of 1.00 and a debt-to-equity ratio of 0.61.

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

Johnson Controls International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 16th. Stockholders of record on Monday, September 21st will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend is Monday, September 21st. Johnson Controls International’s dividend payout ratio is 27.83%.

Insider Activity at Johnson Controls International

In related news, VP Lei Schlitz sold 23,417 shares of the business’s 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 completion of the sale, the vice president directly owned 15,017 shares of the company’s stock, valued at $2,298,652.19. The trade was a 60.93% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.29% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in JCI. Natural Investments LLC grew its position in Johnson Controls International by 2.5% in the second quarter. Natural Investments LLC now owns 3,008 shares of the company’s stock worth $439,000 after acquiring an additional 72 shares in the last quarter. Baron Wealth Management LLC raised its position in Johnson Controls International by 1.6% during the second quarter. Baron Wealth Management LLC now owns 4,705 shares of the company’s stock valued at $687,000 after purchasing an additional 75 shares during the period. Diversify Wealth Management LLC boosted its holdings in shares of Johnson Controls International by 2.0% in the 2nd quarter. Diversify Wealth Management LLC now owns 3,868 shares of the company’s stock worth $555,000 after purchasing an additional 76 shares during the period. Resonant Capital Advisors LLC boosted its stake in Johnson Controls International by 1.5% during the second quarter. Resonant Capital Advisors LLC now owns 5,063 shares of the company’s stock worth $742,000 after buying an additional 77 shares during the period. Finally, Fourth Dimension Wealth LLC increased its position in Johnson Controls International by 51.3% during the second quarter. Fourth Dimension Wealth LLC now owns 230 shares of the company’s stock valued at $34,000 after acquiring an additional 78 shares during the last quarter. Institutional investors own 90.05% of the company’s stock.

About Johnson Controls International

Johnson Controls International plc (NYSE: JCI) is a global provider of building technology, products and services. The company helps commercial, institutional and industrial customers improve building performance, energy efficiency, safety and occupant comfort through integrated solutions.

Its offerings include heating, ventilation and air-conditioning systems; building automation and controls; fire detection and suppression equipment; security systems; energy management technologies; and related service, maintenance and digital solutions.