Johnson Controls International (NYSE:JCI) Price Target Raised to $165.00

Johnson Controls International (NYSE:JCI) had its price objective hoisted by Royal Bank Of Canada from $161.00 to $165.00 in a research report sent to investors on Wednesday morning,Benzinga reports. They currently have a sector perform rating on the stock.

Several other equities analysts also recently weighed in on the company. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Johnson Controls International in a research note on Wednesday, October 7th. Wells Fargo & Company started coverage on shares of Johnson Controls International in a research report on Thursday, September 24th. They issued an “overweight” rating and a $186.00 price objective for the company. Citigroup upped their target price on Johnson Controls International from $157.00 to $170.00 and gave the company a “neutral” rating in a research note on Monday, October 12th. Argus set a $175.00 price target on Johnson Controls International in a report on Friday, August 7th. Finally, Bank of America lifted their price target on Johnson Controls International from $152.00 to $175.00 and gave the company a “buy” rating in a report on Thursday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $163.05.

Johnson Controls International Stock Down 1.7%

Shares of NYSE JCI opened at $145.19 on Wednesday. The business has a 50-day moving average price of $147.36 and a 200 day moving average price of $143.66. The stock has a market cap of $87.95 billion, a PE ratio of 31.01, a price-to-earnings-growth ratio of 1.10 and a beta of 1.27. The company has a quick ratio of 0.83, a current ratio of 1.00 and a debt-to-equity ratio of 0.61. Johnson Controls International has a 52-week low of $107.77 and a 52-week high of $160.41.

Johnson Controls International (NYSE:JCI) last released its quarterly earnings results on Thursday, July 30th. The company reported $1.42 EPS for the quarter, topping the consensus estimate of $1.30 by $0.12. The company had revenue of $6.61 billion for the quarter, compared to analyst estimates of $6.46 billion. Johnson Controls International had a return on equity of 22.11% and a net margin of 14.32%. The firm’s revenue was up 9.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.05 earnings per share. 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 company also recently announced a quarterly dividend, which was paid on Friday, October 16th. Investors of record on Monday, September 21st were given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend was Monday, September 21st. Johnson Controls International’s dividend payout ratio (DPR) is 27.83%.

Insiders Place Their Bets

In other Johnson Controls International news, VP Lei Schlitz sold 23,417 shares of the business’s stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $153.07, for a total transaction of $3,584,440.19. Following the completion of the sale, the vice president 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.29% of the company’s stock.

Hedge Funds Weigh In On Johnson Controls International

A number of large investors have recently modified their holdings of JCI. State Street Corp grew its holdings in shares of Johnson Controls International by 2.2% during the 2nd quarter. State Street Corp now owns 28,283,873 shares of the company’s stock worth $4,143,674,000 after purchasing an additional 621,319 shares during the period. Invesco Ltd. raised its holdings in Johnson Controls International by 13.0% in the fourth quarter. Invesco Ltd. now owns 16,003,486 shares of the company’s stock valued at $1,916,417,000 after buying an additional 1,837,220 shares during the period. Amundi raised its holdings in Johnson Controls International by 157.2% in the first quarter. Amundi now owns 5,965,212 shares of the company’s stock valued at $781,145,000 after buying an additional 3,646,047 shares during the period. First Trust Advisors LP raised its holdings in Johnson Controls International by 28.3% in the first quarter. First Trust Advisors LP now owns 5,761,677 shares of the company’s stock valued at $754,492,000 after buying an additional 1,270,849 shares during the period. Finally, Pictet Asset Management Holding SA lifted its position in Johnson Controls International by 0.9% during the second quarter. Pictet Asset Management Holding SA now owns 2,331,718 shares of the company’s stock valued at $340,501,000 after buying an additional 20,780 shares in the last quarter. 90.05% of the stock is currently owned by hedge funds and other institutional investors.

About Johnson Controls International

Johnson Controls International plc (NYSE: JCI) is a global provider of building technology, products and services. The company helps commercial, institutional and industrial customers improve building performance, energy efficiency, safety and occupant comfort through integrated solutions.

Its offerings include heating, ventilation and air-conditioning systems; building automation and controls; fire detection and suppression equipment; security systems; energy management technologies; and related service, maintenance and digital solutions.