Royal Bank of Canada Raises Johnson Controls International (NYSE:JCI) Price Target to $86.00

by · The Cerbat Gem

Johnson Controls International (NYSE:JCI – Free Report) had its target price lifted by Royal Bank of Canada from $81.00 to $86.00 in a research note issued to investors on Thursday morning,Benzinga reports. The firm currently has a sector perform rating on the stock.

A number of other analysts also recently weighed in on JCI. Barclays upped their target price on Johnson Controls International from $62.00 to $64.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 2nd. Oppenheimer upped their price objective on shares of Johnson Controls International from $79.00 to $86.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 2nd. Mizuho raised their target price on shares of Johnson Controls International from $62.00 to $75.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. StockNews.com raised shares of Johnson Controls International from a “hold” rating to a “buy” rating in a report on Monday, November 4th. Finally, Robert W. Baird lifted their price objective on shares of Johnson Controls International from $72.00 to $78.00 and gave the company a “neutral” rating in a research note on Thursday, August 1st. Eleven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, Johnson Controls International presently has an average rating of “Hold” and an average price target of $75.64.

Check Out Our Latest Analysis on Johnson Controls International

Johnson Controls International Stock Up 3.3 %

NYSE JCI opened at $84.62 on Thursday. The company has a current ratio of 0.94, a quick ratio of 0.73 and a debt-to-equity ratio of 0.46. The company has a market cap of $56.53 billion, a price-to-earnings ratio of 33.31, a PEG ratio of 2.46 and a beta of 1.29. The company has a 50 day moving average of $75.32 and a 200-day moving average of $71.02. Johnson Controls International has a 1-year low of $50.00 and a 1-year high of $84.79.

Johnson Controls International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Wednesday, September 25th were paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.75%. The ex-dividend date was Wednesday, September 25th. Johnson Controls International’s payout ratio is 58.27%.

Insider Activity

In related news, COO Nathan D. Manning sold 1,167 shares of Johnson Controls International stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $72.75, for a total transaction of $84,899.25. Following the sale, the chief operating officer now directly owns 143,488 shares in the company, valued at $10,438,752. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, COO Nathan D. Manning sold 1,167 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $72.75, for a total transaction of $84,899.25. Following the completion of the transaction, the chief operating officer now owns 143,488 shares of the company’s stock, valued at approximately $10,438,752. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 transaction of $8,038,392.05. Following the completion of the sale, the chief executive officer now directly owns 1,243,751 shares in the company, valued at approximately $90,383,385.17. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 226,141 shares of company stock valued at $16,904,519 over the last quarter. 0.69% of the stock is owned by company insiders.

Institutional Trading of Johnson Controls International

Several institutional investors have recently added to or reduced their stakes in the stock. Landscape Capital Management L.L.C. lifted its position in shares of Johnson Controls International by 89.5% in the 3rd quarter. Landscape Capital Management L.L.C. now owns 19,969 shares of the company’s stock worth $1,550,000 after purchasing an additional 9,429 shares during the period. Cornerstone Advisors LLC increased its position in shares of Johnson Controls International by 4.0% during the third quarter. Cornerstone Advisors LLC now owns 23,600 shares of the company’s stock worth $1,832,000 after buying an additional 900 shares during the period. Citizens Financial Group Inc. RI bought a new position in Johnson Controls International during the third quarter worth $219,000. Glaxis Capital Management LLC acquired a new position in Johnson Controls International in the third quarter valued at $893,000. Finally, Jennison Associates LLC boosted its position in Johnson Controls International by 4.3% during the third quarter. Jennison Associates LLC now owns 787,964 shares of the company’s stock valued at $61,154,000 after acquiring an additional 32,480 shares during the last quarter. 90.05% of the stock is currently owned by institutional investors.

About Johnson Controls International

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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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