Johnson Controls International (NYSE:JCI) Price Target Raised to $85.00

Johnson Controls International (NYSE:JCI) had its price target lifted by Robert W. Baird from $80.00 to $85.00 in a research report report published on Thursday morning,Benzinga reports. The brokerage currently has a neutral rating on the stock.

JCI has been the subject of a number of other reports. Morgan Stanley began coverage on shares of Johnson Controls International in a report on Friday, September 6th. They issued an “overweight” rating and a $85.00 price objective for the company. Mizuho increased their price objective on Johnson Controls International from $62.00 to $75.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. Barclays raised their price objective on Johnson Controls International from $62.00 to $64.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 2nd. The Goldman Sachs Group upped their target price on Johnson Controls International from $73.00 to $81.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Finally, Royal Bank of Canada boosted their price objective on shares of Johnson Controls International from $81.00 to $86.00 and gave the stock a “sector perform” rating in a research note on Thursday. Eleven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $75.64.

Johnson Controls International Stock Up 3.3 %

Shares of NYSE JCI traded up $2.71 during trading hours on Thursday, hitting $84.62. The stock had a trading volume of 4,392,978 shares, compared to its average volume of 3,558,225. The firm’s 50-day moving average price is $75.32 and its two-hundred day moving average price is $70.94. Johnson Controls International has a 52 week low of $50.00 and a 52 week high of $84.79. The company has a market capitalization of $56.53 billion, a P/E 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 quick ratio of 0.73 and a current ratio of 0.94.

Johnson Controls International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Wednesday, September 25th were given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date was Wednesday, September 25th. Johnson Controls International’s dividend payout ratio (DPR) is presently 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 stock was sold at an average price of $72.75, for a total value of $84,899.25. Following the completion of the sale, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, COO Nathan D. Manning sold 1,167 shares of the company’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 in the company, valued at approximately $10,438,752. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO George Oliver sold 110,615 shares of the company’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $72.67, for a total value of $8,038,392.05. Following the completion of the sale, the chief executive officer now owns 1,243,751 shares in the company, valued at $90,383,385.17. This trade represents a 0.00 % decrease in their ownership of the stock. 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 three months. Company insiders own 0.69% of the company’s stock.

Hedge Funds Weigh In On Johnson Controls International

Several large investors have recently made changes to their positions in JCI. Fortitude Family Office LLC raised its position 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 during the period. Wolff Wiese Magana LLC raised 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 boosted its position in shares of Johnson Controls International by 65.2% during the second quarter. Continuum Advisory LLC now owns 527 shares of the company’s stock worth $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 in the 3rd quarter valued at $44,000. Finally, Friedenthal Financial acquired a new position in shares of Johnson Controls International in the 2nd quarter valued at $47,000. Institutional investors and hedge funds own 90.05% of the company’s stock.

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.