Johnson Controls International (NYSE:JCI) Price Target Raised to $175.00

Johnson Controls International (NYSE:JCI) had its target price upped by Bank of America from $152.00 to $175.00 in a report released on Thursday morning,Benzinga reports. Bank of America currently has a buy rating on the stock.

JCI has been the subject of several other reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Johnson Controls International in a research report on Friday, September 4th. Morgan Stanley boosted their price target on shares of Johnson Controls International from $175.00 to $180.00 and gave the stock an “overweight” rating in a report on Wednesday, September 2nd. Citigroup restated a “buy” rating on shares of Johnson Controls International in a research report on Thursday. UBS Group restated a “buy” rating on shares of Johnson Controls International in a report on Wednesday, September 16th. Finally, 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 on the stock. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Johnson Controls International currently has an average rating of “Moderate Buy” and an average target price of $161.05.

Johnson Controls International Price Performance

Shares of NYSE JCI opened at $157.42 on Thursday. Johnson Controls International has a twelve month low of $104.49 and a twelve month high of $160.41. The stock’s 50 day moving average price is $147.45 and its 200-day moving average price is $143.05. The company has a market capitalization of $95.36 billion, a PE ratio of 27.38, a PEG ratio of 1.20 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 (NYSE:JCI) last issued its quarterly earnings results on Thursday, July 30th. The company reported $1.42 EPS for the quarter, beating analysts’ consensus estimates of $1.30 by $0.12. The company had revenue of $6.61 billion during the quarter, compared to the consensus estimate of $6.46 billion. Johnson Controls International had a return on equity of 22.11% and a net margin of 14.32%. Johnson Controls International’s revenue was up 9.3% on a year-over-year basis. During the same period last year, the business posted $1.05 earnings per share. On average, equities analysts anticipate that Johnson Controls International will post 5.08 EPS for the current year.

Johnson Controls International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 16th. Stockholders of record on Monday, September 21st will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend is Monday, September 21st. Johnson Controls International’s dividend payout ratio is currently 27.83%.

Insider Buying and Selling at Johnson Controls International

In other news, VP Lei Schlitz sold 23,417 shares of the stock in a transaction on 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 transaction, the vice president owned 15,017 shares in the company, valued at approximately $2,298,652.19. This represents a 60.93% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.29% of the company’s stock.

Institutional Investors Weigh In On Johnson Controls International

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in JCI. NBH Bank bought a new position in Johnson Controls International during the second quarter worth about $29,000. Fourth Dimension Wealth LLC increased 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 valued at $34,000 after buying an additional 78 shares during the period. First Bancorp Inc ME bought a new stake in shares of Johnson Controls International during the second quarter valued at about $34,000. SJS Investment Consulting Inc. boosted its position in shares of Johnson Controls International by 747.1% in the first quarter. SJS Investment Consulting Inc. now owns 288 shares of the company’s stock valued at $38,000 after acquiring an additional 254 shares during the period. Finally, Axiom Investment Management LLC purchased a new position in Johnson Controls International during the second quarter valued at approximately $41,000. 90.05% of the stock is currently owned by 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.