Johnson Controls International (NYSE:JCI) Price Target Lowered to $59.00 at Barclays

Johnson Controls International (NYSE:JCI) had its price target cut by Barclays from $61.00 to $59.00 in a report published on Thursday, Benzinga reports. They currently have an equal weight rating on the stock.

A number of other equities research analysts also recently weighed in on JCI. Mizuho downgraded shares of Johnson Controls International from a buy rating to a neutral rating and set a $62.00 price target for the company. in a report on Friday, February 23rd. Melius Research restated a hold rating on shares of Johnson Controls International in a report on Tuesday, January 30th. Argus cut Johnson Controls International from a buy rating to a hold rating in a report on Tuesday, February 20th. Wells Fargo & Company increased their price objective on Johnson Controls International from $64.00 to $73.00 and gave the company an overweight rating in a research report on Tuesday, April 2nd. Finally, HSBC cut Johnson Controls International from a buy rating to a hold rating and set a $60.00 target price on the stock. in a report on Wednesday, January 31st. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, Johnson Controls International currently has a consensus rating of Hold and an average price target of $64.25.

Johnson Controls International Price Performance

Shares of NYSE JCI traded up $1.63 during mid-day trading on Thursday, reaching $62.38. 7,096,178 shares of the company traded hands, compared to its average volume of 4,978,445. Johnson Controls International has a fifty-two week low of $47.90 and a fifty-two week high of $70.43. The firm has a market cap of $42.02 billion, a PE ratio of 25.26, a price-to-earnings-growth ratio of 1.55 and a beta of 1.23. The stock has a fifty day simple moving average of $63.31 and a 200-day simple moving average of $57.22. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.87 and a quick ratio of 0.73.

Johnson Controls International (NYSE:JCI) last issued its quarterly earnings results on Wednesday, May 1st. The company reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.03. Johnson Controls International had a return on equity of 13.21% and a net margin of 6.32%. The company had revenue of $6.70 billion for the quarter, compared to analysts’ expectations of $7.51 billion. During the same period last year, the firm earned $0.75 EPS. The firm’s revenue for the quarter was down 6.1% on a year-over-year basis. Equities research analysts anticipate that Johnson Controls International will post 3.61 EPS for the current fiscal year.

Johnson Controls International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 19th. Shareholders of record on Monday, March 25th were given a dividend of $0.37 per share. The ex-dividend date of this dividend was Friday, March 22nd. This represents a $1.48 dividend on an annualized basis and a yield of 2.37%. Johnson Controls International’s payout ratio is presently 59.92%.

Hedge Funds Weigh In On Johnson Controls International

Large investors have recently made changes to their positions in the business. Optimum Investment Advisors grew its position in Johnson Controls International by 17.5% during the fourth quarter. Optimum Investment Advisors now owns 1,175 shares of the company’s stock valued at $68,000 after purchasing an additional 175 shares in the last quarter. Raleigh Capital Management Inc. boosted its stake in shares of Johnson Controls International by 3.9% during the 3rd quarter. Raleigh Capital Management Inc. now owns 4,767 shares of the company’s stock valued at $254,000 after buying an additional 179 shares during the period. Glassy Mountain Advisors Inc. grew its holdings in shares of Johnson Controls International by 0.4% during the 1st quarter. Glassy Mountain Advisors Inc. now owns 50,282 shares of the company’s stock valued at $3,284,000 after acquiring an additional 181 shares in the last quarter. BSW Wealth Partners increased its stake in shares of Johnson Controls International by 4.3% in the fourth quarter. BSW Wealth Partners now owns 4,494 shares of the company’s stock worth $259,000 after acquiring an additional 185 shares during the last quarter. Finally, HCR Wealth Advisors raised its holdings in shares of Johnson Controls International by 1.2% during the fourth quarter. HCR Wealth Advisors now owns 16,225 shares of the company’s stock worth $935,000 after acquiring an additional 185 shares in the last quarter. Institutional investors and hedge funds own 90.05% of the company’s stock.

Johnson Controls International Company Profile

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.