Brokerages Set Johnson Controls International plc (NYSE:JCI) Target Price at $155.75

by · The Markets Daily

Johnson Controls International plc (NYSE:JCI – Get Free Report) has been given a consensus recommendation of “Hold” by the twenty-three brokerages that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, ten have issued a hold recommendation and twelve have issued a buy recommendation on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $155.75.

Several analysts recently issued reports on JCI shares. The Goldman Sachs Group boosted their price objective on shares of Johnson Controls International from $169.00 to $178.00 and gave the company a “buy” rating in a report on Tuesday, June 2nd. Morgan Stanley lifted their price target on shares of Johnson Controls International from $175.00 to $180.00 and gave the company an “overweight” rating in a research report on Wednesday, September 2nd. Oppenheimer reissued a “market perform” rating on shares of Johnson Controls International in a research note on Tuesday, June 2nd. UBS Group restated a “buy” rating on shares of Johnson Controls International in a report on Wednesday. Finally, Zacks Research cut shares of Johnson Controls International from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 6th.

Read Our Latest Report on Johnson Controls International

Johnson Controls International Trading Up 0.0%

Shares of Johnson Controls International stock opened at $143.32 on Friday. The firm has a market capitalization of $86.81 billion, a price-to-earnings ratio of 24.92, a PEG ratio of 1.38 and a beta of 1.29. Johnson Controls International has a fifty-two week low of $104.49 and a fifty-two week high of $157.06. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.83 and a current ratio of 1.00. The stock has a 50 day moving average of $144.81 and a 200 day moving average of $141.26.

Johnson Controls International (NYSE:JCI – Get Free Report) last posted its 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. The company had revenue of $6.61 billion for the quarter, compared to the consensus estimate of $6.46 billion. Johnson Controls International had a return on equity of 22.11% and a net margin of 14.32%.The company’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.05 earnings per share. As a group, research analysts predict that Johnson Controls International will post 5.08 earnings per share for the current year.

Johnson Controls International Announces Dividend

The company also recently declared 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 annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Monday, September 21st. Johnson Controls International’s dividend payout ratio (DPR) is currently 27.83%.

Insider Buying and Selling at Johnson Controls International

In other news, VP Lei Schlitz sold 23,417 shares of Johnson Controls International stock in a transaction on 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 approximately $2,298,652.19. The trade was a 60.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.29% of the company’s stock.

Hedge Funds Weigh In On Johnson Controls International

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Natural Investments LLC lifted its holdings in shares of Johnson Controls International by 2.5% during the second quarter. Natural Investments LLC now owns 3,008 shares of the company’s stock worth $439,000 after purchasing an additional 72 shares during the period. Baron Wealth Management LLC increased its stake in Johnson Controls International by 1.6% in the 2nd quarter. Baron Wealth Management LLC now owns 4,705 shares of the company’s stock valued at $687,000 after buying an additional 75 shares during the period. Diversify Wealth Management LLC increased its stake in Johnson Controls International by 2.0% in the 2nd quarter. Diversify Wealth Management LLC now owns 3,868 shares of the company’s stock valued at $555,000 after buying an additional 76 shares during the period. Resonant Capital Advisors LLC raised its position in Johnson Controls International by 1.5% during the 2nd 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 last quarter. Finally, Fourth Dimension Wealth LLC raised its position in Johnson Controls International by 51.3% during the 2nd quarter. Fourth Dimension Wealth LLC now owns 230 shares of the company’s stock worth $34,000 after buying an additional 78 shares during the last quarter. 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 (NYSE:JCI) is a global company focused on building technologies and solutions that improve the efficiency, safety and sustainability of buildings. Its offerings include heating, ventilation and air-conditioning systems, building automation and controls, fire detection and suppression equipment, security systems, and related digital technologies and services.

The company serves commercial, institutional, industrial and residential customers, helping organizations manage building operations, energy use, indoor air quality and physical security.

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