Johnson Controls International plc (NYSE:JCI) Stock Has Average Target Price of $166.86 According to Analysts

Shares of Johnson Controls International plc (NYSE:JCI) have been given an average recommendation of “Hold” by the twenty-three ratings firms that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $166.76.

Several analysts have recently weighed in on the company. BNP Paribas Exane raised their target price on Johnson Controls International from $130.00 to $145.00 and gave the company an “underperform” rating in a research note on Wednesday, October 28th. Zacks Research cut Johnson Controls International from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 6th. Wells Fargo & Company boosted their price target on Johnson Controls International from $186.00 to $200.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 28th. Evercore set a $170.00 price target on Johnson Controls International in a report on Wednesday, October 28th. Finally, The Goldman Sachs Group raised their price objective on Johnson Controls International from $186.00 to $191.00 and gave the company a “buy” rating in a research note on Wednesday, September 30th.

Johnson Controls International Price Performance

Shares of JCI stock opened at $144.77 on Friday. The company has a market capitalization of $87.69 billion, a PE ratio of 30.93, a price-to-earnings-growth ratio of 1.44 and a beta of 1.27. The firm has a fifty day simple moving average of $147.32 and a 200-day simple moving average of $141.89. The company has a current ratio of 0.90, a quick ratio of 0.75 and a debt-to-equity ratio of 0.55. Johnson Controls International has a twelve month low of $108.41 and a twelve month high of $160.41.

Johnson Controls International (NYSE:JCI) last released its quarterly earnings results on Tuesday, October 27th. The company reported $1.66 earnings per share for the quarter, beating analysts’ consensus estimates of $1.59 by $0.07. Johnson Controls International had a net margin of 11.12% and a return on equity of 23.38%. The business had revenue of $7.11 billion during the quarter, compared to analyst estimates of $7.04 billion. During the same period last year, the business earned $1.26 EPS. The business’s revenue was up 10.4% on a year-over-year basis. Equities research analysts anticipate that Johnson Controls International will post 6.29 earnings per share for the current fiscal year.

Johnson Controls International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 16th. Shareholders of record on Monday, September 21st were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis 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 is presently 34.19%.

Insider Activity at Johnson Controls International

In other news, Director Juergen Tinggren sold 4,000 shares of the stock in a transaction that occurred on Wednesday, October 28th. The stock was sold at an average price of $159.19, for a total transaction of $636,760.00. Following the completion of the transaction, the director directly owned 27,236 shares in the company, valued at approximately $4,335,698.84. This represents a 12.81% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.29% of the company’s stock.

Institutional Trading of Johnson Controls International

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. NBH Bank bought a new stake in shares of Johnson Controls International in the 2nd quarter worth about $29,000. Signature Equity Partners LLC lifted its position in shares of Johnson Controls International by 96.2% during the third quarter. Signature Equity Partners LLC now owns 206 shares of the company’s stock worth $31,000 after purchasing an additional 101 shares during the last quarter. Virginia Estate & Retirement Planning Advisors Inc. bought a new position in shares of Johnson Controls International during the third quarter worth about $33,000. Fourth Dimension Wealth LLC lifted its position in shares of Johnson Controls International by 51.3% during the second quarter. Fourth Dimension Wealth LLC now owns 230 shares of the company’s stock worth $34,000 after purchasing an additional 78 shares during the last quarter. Finally, First Bancorp Inc ME acquired a new position in Johnson Controls International in the second quarter worth about $34,000. Institutional investors own 90.05% of the company’s stock.

About Johnson Controls International

Johnson Controls International plc develops building technologies, products and services for commercial, industrial and institutional customers. Its offerings include heating, ventilation and air conditioning (HVAC) equipment, building automation and controls, fire detection and suppression systems, and security solutions. The company also provides maintenance, modernization and other services to help customers manage building operations. Its products and services support facilities such as offices, hospitals, schools, data centers and manufacturing sites.