Johnson Controls International (NYSE:JCI) Price Target Raised to $86.00

Johnson Controls International (NYSE:JCI) had its price target lifted by Royal Bank of Canada from $81.00 to $86.00 in a research report sent to investors on Thursday morning,Benzinga reports. They currently have a sector perform rating on the stock.

A number of other research firms have also recently commented on JCI. Mizuho boosted their price target on Johnson Controls International from $62.00 to $75.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th. Wells Fargo & Company increased their target price on shares of Johnson Controls International from $84.00 to $90.00 and gave the stock an “overweight” rating in a report on Thursday. Bank of America lifted their price target on shares of Johnson Controls International from $80.00 to $95.00 and gave the company a “buy” rating in a report on Friday, September 27th. Morgan Stanley began coverage on shares of Johnson Controls International in a research note on Friday, September 6th. They issued an “overweight” rating and a $85.00 price objective for the company. Finally, Robert W. Baird boosted their target price on shares of Johnson Controls International from $72.00 to $78.00 and gave the stock 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 issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $75.64.

Johnson Controls International Price Performance

NYSE:JCI traded up $2.71 during mid-day trading on Thursday, reaching $84.62. The stock had a trading volume of 4,392,978 shares, compared to its average volume of 3,558,225. Johnson Controls International has a 12 month low of $50.00 and a 12 month high of $84.79. The stock has a market capitalization of $56.53 billion, a PE ratio of 33.31, a P/E/G ratio of 2.46 and a beta of 1.29. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.94 and a quick ratio of 0.73. The stock has a 50-day simple moving average of $75.32 and a two-hundred day simple moving average of $70.94.

Johnson Controls International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Wednesday, September 25th were given a dividend of $0.37 per share. 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 1.75%. Johnson Controls International’s dividend payout ratio (DPR) is 58.27%.

Insider Activity at Johnson Controls International

In other Johnson Controls International news, COO Nathan D. Manning sold 1,167 shares of the firm’s 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 completion of the transaction, the chief operating officer now owns 143,488 shares in the company, valued at approximately $10,438,752. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO George Oliver sold 110,615 shares of the company’s stock in a transaction dated 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 sale, the chief executive officer now owns 1,243,751 shares in the company, valued at $90,383,385.17. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Nathan D. Manning sold 1,167 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was 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 $10,438,752. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 226,141 shares of company stock worth $16,904,519 over the last ninety days. Insiders own 0.69% of the company’s stock.

Hedge Funds Weigh In On Johnson Controls International

Institutional investors have recently added to or reduced their stakes in the business. Fortitude Family Office LLC increased its stake in shares of Johnson Controls International by 195.8% in the 3rd quarter. Fortitude Family Office LLC now owns 420 shares of the company’s stock valued at $33,000 after acquiring an additional 278 shares in the last quarter. Wolff Wiese Magana LLC grew its holdings in Johnson Controls International by 977.3% in the third quarter. Wolff Wiese Magana LLC now owns 474 shares of the company’s stock worth $37,000 after purchasing an additional 430 shares during the period. Continuum Advisory LLC increased its stake in Johnson Controls International by 65.2% in the second quarter. Continuum Advisory LLC now owns 527 shares of the company’s stock valued at $35,000 after purchasing an additional 208 shares in the last quarter. Western Pacific Wealth Management LP acquired a new position in shares of Johnson Controls International during the third quarter valued at about $44,000. Finally, Friedenthal Financial acquired a new position in shares of Johnson Controls International during the second quarter valued at about $47,000. 90.05% of the stock is owned by institutional investors and hedge funds.

About Johnson Controls International

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.