Johnson Controls International (NYSE:JCI) Price Target Raised to $105.00 at Morgan Stanley

Johnson Controls International (NYSE:JCI) had its price objective upped by Morgan Stanley from $95.00 to $105.00 in a report published on Thursday,Benzinga reports. They currently have an overweight rating on the stock.

Other equities research analysts have also issued reports about the stock. Barclays increased their target price on shares of Johnson Controls International from $75.00 to $83.00 and gave the stock an “equal weight” rating in a report on Thursday, December 5th. StockNews.com cut Johnson Controls International from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th. Melius Research reaffirmed a “hold” rating and set a $95.00 price target on shares of Johnson Controls International in a research report on Tuesday, January 28th. JPMorgan Chase & Co. decreased their price objective on Johnson Controls International from $88.00 to $87.00 and set an “overweight” rating for the company in a research report on Wednesday, January 15th. Finally, Argus upgraded shares of Johnson Controls International from a “hold” rating to a “buy” rating and set a $88.00 target price on the stock in a report on Friday, December 20th. Nine analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, Johnson Controls International presently has a consensus rating of “Hold” and an average target price of $90.27.

Johnson Controls International Price Performance

JCI opened at $88.09 on Thursday. The company has a fifty day moving average price of $80.77 and a two-hundred day moving average price of $76.76. The firm has a market capitalization of $58.15 billion, a PE ratio of 34.68, a P/E/G ratio of 2.24 and a beta of 1.32. Johnson Controls International has a 52 week low of $53.34 and a 52 week high of $88.90. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.79 and a current ratio of 0.94.

Johnson Controls International (NYSE:JCI) last released its earnings results on Wednesday, February 5th. The company reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.05. Johnson Controls International had a return on equity of 14.51% and a net margin of 6.49%. As a group, analysts anticipate that Johnson Controls International will post 3.45 earnings per share for the current year.

Johnson Controls International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Monday, December 23rd were given a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 1.68%. The ex-dividend date was Monday, December 23rd. Johnson Controls International’s dividend payout ratio (DPR) is presently 58.27%.

Insider Buying and Selling

In related news, CEO George Oliver sold 110,616 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $84.60, for a total value of $9,358,113.60. Following the completion of the transaction, the chief executive officer now directly owns 1,244,617 shares of the company’s stock, valued at approximately $105,294,598.20. This trade represents a 8.16 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Nathan D. Manning sold 1,421 shares of Johnson Controls International stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $76.44, for a total value of $108,621.24. Following the transaction, the vice president now directly owns 148,346 shares of the company’s stock, valued at $11,339,568.24. The trade was a 0.95 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 649,208 shares of company stock valued at $54,081,073 over the last ninety days. 0.54% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Johnson Controls International

Institutional investors and hedge funds have recently bought and sold shares of the stock. Compass Financial Services Inc purchased a new position in shares of Johnson Controls International in the fourth quarter worth about $26,000. SBI Securities Co. Ltd. purchased a new stake in shares of Johnson Controls International in the 4th quarter worth about $29,000. Fortitude Family Office LLC grew its stake in Johnson Controls International by 195.8% in the third quarter. Fortitude Family Office LLC now owns 420 shares of the company’s stock worth $33,000 after purchasing an additional 278 shares during the period. Wolff Wiese Magana LLC grew its stake in shares of Johnson Controls International by 977.3% in the 3rd quarter. Wolff Wiese Magana LLC now owns 474 shares of the company’s stock worth $37,000 after buying an additional 430 shares during the last quarter. Finally, Synergy Asset Management LLC purchased a new stake in shares of Johnson Controls International in the fourth quarter worth $42,000. 90.05% of the stock is owned by hedge funds and other institutional investors.

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.