Johnson Controls International (NYSE:JCI) Given New $95.00 Price Target at Bank of America

Johnson Controls International (NYSE:JCI) had its price target increased by Bank of America from $80.00 to $95.00 in a research report report published on Friday morning, Benzinga reports. Bank of America currently has a buy rating on the stock.

Several other brokerages also recently weighed in on JCI. The Goldman Sachs Group lifted their target price on Johnson Controls International from $73.00 to $81.00 and gave the company a buy rating in a research note on Friday, August 2nd. Royal Bank of Canada raised shares of Johnson Controls International from an underperform rating to a sector perform rating and upped their price target for the stock from $61.00 to $69.00 in a research note on Wednesday, August 14th. Morgan Stanley started coverage on shares of Johnson Controls International in a research note on Friday, September 6th. They set an overweight rating and a $85.00 price objective on the stock. Barclays dropped their price target on shares of Johnson Controls International from $62.00 to $61.00 and set an equal weight rating on the stock in a research report on Wednesday, July 10th. Finally, Oppenheimer raised their price objective on shares of Johnson Controls International from $70.00 to $76.00 and gave the company an outperform rating in a research report on Thursday, June 27th. Eleven analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of Hold and a consensus target price of $71.29.

Johnson Controls International Stock Up 0.5 %

NYSE:JCI opened at $77.61 on Friday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.73 and a current ratio of 0.96. The company has a market capitalization of $51.84 billion, a price-to-earnings ratio of 31.42, a price-to-earnings-growth ratio of 2.03 and a beta of 1.29. Johnson Controls International has a one year low of $47.90 and a one year high of $77.71. The stock has a 50-day simple moving average of $70.70 and a 200 day simple moving average of $68.45.

Johnson Controls International (NYSE:JCI) last released its quarterly earnings data on Wednesday, July 31st. The company reported $1.14 earnings per share for the quarter, topping the consensus estimate of $1.08 by $0.06. The firm had revenue of $7.23 billion for the quarter, compared to analyst estimates of $7.53 billion. Johnson Controls International had a net margin of 6.02% and a return on equity of 13.64%. Johnson Controls International’s quarterly revenue was up 1.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.03 earnings per share. Sell-side analysts predict that Johnson Controls International will post 3.67 EPS for the current fiscal year.

Johnson Controls International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 18th. Stockholders of record on Wednesday, September 25th will be given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 1.91%. The ex-dividend date of this dividend is Wednesday, September 25th. Johnson Controls International’s dividend payout ratio is 59.92%.

Insider Buying and Selling at Johnson Controls International

In other Johnson Controls International news, COO Nathan D. Manning sold 1,167 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $72.75, for a total transaction of $84,899.25. Following the sale, the chief operating officer now directly owns 143,488 shares of the company’s stock, valued at approximately $10,438,752. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, COO Nathan D. Manning sold 1,167 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $72.75, for a total value of $84,899.25. Following the completion of the transaction, the chief operating officer now directly owns 143,488 shares of the company’s stock, valued at $10,438,752. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO George Oliver sold 110,615 shares of the stock in a transaction on Monday, September 16th. The shares were sold at an average price of $72.67, for a total transaction of $8,038,392.05. Following the completion of the sale, the chief executive officer now owns 1,243,751 shares of the company’s stock, valued at approximately $90,383,385.17. The disclosure for this sale can be found here. Insiders have sold 113,879 shares of company stock valued at $8,270,529 in the last 90 days. 0.69% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Johnson Controls International

Hedge funds and other institutional investors have recently bought and sold shares of the business. Summit Trail Advisors LLC increased its holdings in shares of Johnson Controls International by 4.6% in the second quarter. Summit Trail Advisors LLC now owns 3,715 shares of the company’s stock valued at $248,000 after purchasing an additional 163 shares during the last quarter. Center for Financial Planning Inc. lifted its holdings in shares of Johnson Controls International by 5.7% during the second quarter. Center for Financial Planning Inc. now owns 3,485 shares of the company’s stock worth $232,000 after buying an additional 187 shares in the last quarter. Wedmont Private Capital boosted its position in shares of Johnson Controls International by 3.1% in the second quarter. Wedmont Private Capital now owns 6,440 shares of the company’s stock valued at $451,000 after acquiring an additional 192 shares during the period. Hexagon Capital Partners LLC grew its stake in shares of Johnson Controls International by 39.7% in the second quarter. Hexagon Capital Partners LLC now owns 711 shares of the company’s stock valued at $47,000 after acquiring an additional 202 shares in the last quarter. Finally, Continuum Advisory LLC raised its stake in Johnson Controls International by 65.2% in the 2nd 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. Institutional investors 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.