Analysts Set Johnson Controls International plc (NYSE:JCI) Price Target at $155.50

Shares of Johnson Controls International plc (NYSE:JCI) have earned an average rating of “Hold” from the twenty-three research firms that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and twelve have given a buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $155.50.

A number of analysts have recently weighed in on JCI shares. Wells Fargo & Company increased their price objective on Johnson Controls International from $145.00 to $160.00 and gave the company an “overweight” rating in a research note on Thursday, May 7th. Morgan Stanley raised their target price on Johnson Controls International from $140.00 to $175.00 and gave the stock an “overweight” rating in a research note on Tuesday, June 9th. The Goldman Sachs Group lifted their price objective on Johnson Controls International from $169.00 to $178.00 and gave the stock a “buy” rating in a research report on Tuesday, June 2nd. JPMorgan Chase & Co. boosted their target price on Johnson Controls International from $158.00 to $162.00 in a research note on Thursday, May 7th. Finally, Argus set a $175.00 price target on Johnson Controls International in a research note on Friday, August 7th.

Insider Activity

In related news, VP Lei Zhang Schlitz sold 23,417 shares of the company’s 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 sale, the vice president directly owned 15,017 shares of the company’s stock, valued at $2,298,652.19. This represents a 60.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Todd M. Grabowski sold 1,800 shares of the firm’s stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $146.20, for a total value of $263,160.00. Following the transaction, the vice president directly owned 26,215 shares of the company’s stock, valued at $3,832,633. This represents a 6.43% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.29% of the company’s stock.

Institutional Investors Weigh In On Johnson Controls International

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Mcguire Capital Advisors Inc. bought a new position in Johnson Controls International during the 4th quarter valued at approximately $27,000. NBH Bank bought a new position in Johnson Controls International in the 2nd quarter worth about $29,000. Twin Tree Management LP grew its position in Johnson Controls International by 140.9% during the 4th quarter. Twin Tree Management LP now owns 260 shares of the company’s stock valued at $31,000 after purchasing an additional 895 shares during the last quarter. Fourth Dimension Wealth LLC raised its holdings in Johnson Controls International by 51.3% in the second 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. Finally, First Bancorp Inc ME purchased a new stake in shares of Johnson Controls International during the second quarter valued at approximately $34,000. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Johnson Controls International Trading Down 0.2%

Shares of JCI opened at $139.33 on Monday. The firm has a market cap of $84.40 billion, a price-to-earnings ratio of 24.23, a PEG ratio of 1.34 and a beta of 1.31. The firm has a 50 day moving average price of $144.93 and a 200-day moving average price of $141.25. Johnson Controls International has a fifty-two week low of $103.82 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.

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

Johnson Controls International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, July 10th. Investors of record on Monday, June 15th were given a dividend of $0.40 per share. The ex-dividend date was Monday, June 15th. This represents a $1.60 annualized dividend and a dividend yield of 1.1%. Johnson Controls International’s payout ratio is currently 27.83%.

About Johnson Controls International

Johnson Controls International plc is a global diversified technology and multi‑industrial company that develops products, services and solutions for buildings and energy storage. The company’s core focus is on improving building efficiency, safety and sustainability through a combination of HVAC equipment, building controls and automation, fire and security systems, and related services. Johnson Controls traces its roots to 1885, when inventor Warren S. Johnson developed an electric room thermostat; over its long history the company has expanded from controls into a broad set of building‑related technologies and, through corporate transactions, into a global provider of integrated building solutions.

Johnson Controls’ product and service portfolio includes heating, ventilation and air‑conditioning equipment, chillers, air handlers and related mechanical systems, together with building automation and control platforms that monitor and manage energy use, indoor environmental quality and security.