Johnson Controls International plc (NYSE:JCI) Receives $152.85 Consensus Price Target from Analysts

Shares of Johnson Controls International plc (NYSE:JCI) have received a consensus recommendation of “Moderate Buy” from the twenty-three analysts that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, eleven have given a buy rating and two have issued a strong buy rating on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $152.85.

JCI has been the topic of several analyst reports. HSBC raised their price objective on Johnson Controls International from $127.00 to $136.00 in a report on Thursday, May 7th. The Goldman Sachs Group increased their target price on Johnson Controls International from $169.00 to $178.00 and gave the stock a “buy” rating in a research report on Tuesday, June 2nd. Weiss Ratings reissued a “buy (b)” rating on shares of Johnson Controls International in a research note on Tuesday, June 9th. Zacks Research upgraded Johnson Controls International from a “hold” rating to a “strong-buy” rating in a report on Thursday, June 25th. Finally, Evercore assumed coverage on shares of Johnson Controls International in a research note on Monday, April 13th. They set a “hold” rating and a $155.00 price objective for the company.

Johnson Controls International Stock Performance

JCI opened at $140.56 on Friday. Johnson Controls International has a 1-year low of $102.09 and a 1-year high of $151.18. The stock has a market cap of $85.76 billion, a P/E ratio of 25.15, a P/E/G ratio of 1.53 and a beta of 1.31. The stock’s 50 day simple moving average is $141.97 and its 200 day simple moving average is $134.16. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.04 and a quick ratio of 0.85.

Johnson Controls International (NYSE:JCI) last posted its earnings results on Tuesday, March 31st. The company reported $1.19 earnings per share for the quarter. Johnson Controls International had a net margin of 14.45% and a return on equity of 19.50%. The firm had revenue of $6.14 billion during the quarter. As a group, equities analysts anticipate that Johnson Controls International will post 4.92 EPS for the current fiscal year.

Johnson Controls International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Monday, June 15th will be paid a dividend of $0.40 per share. The ex-dividend date is Monday, June 15th. This represents a $1.60 annualized dividend and a yield of 1.1%. Johnson Controls International’s dividend payout ratio is currently 28.62%.

Insider Activity at Johnson Controls International

In related news, VP Lei Zhang Schlitz sold 88,809 shares of the stock in a transaction on Friday, May 8th. The stock was sold at an average price of $140.99, for a total value of $12,521,180.91. Following the completion of the sale, the vice president directly owned 57,059 shares in the company, valued at approximately $8,044,748.41. This represents a 60.88% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Todd M. Grabowski sold 1,800 shares of Johnson Controls International stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $146.20, for a total transaction of $263,160.00. Following the sale, the vice president owned 26,215 shares in the company, valued at $3,832,633. This represents a 6.43% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 0.29% of the company’s stock.

Institutional Investors Weigh In On Johnson Controls International

A number of institutional investors have recently modified their holdings of JCI. Nordea Investment Management AB grew its position in shares of Johnson Controls International by 6.7% during the 4th quarter. Nordea Investment Management AB now owns 2,276,753 shares of the company’s stock valued at $274,235,000 after buying an additional 142,429 shares during the last quarter. Kepler Cheuvreux Suisse SA bought a new position in Johnson Controls International in the third quarter worth about $2,345,000. First Trust Advisors LP boosted its stake in Johnson Controls International by 23.3% in the third quarter. First Trust Advisors LP now owns 3,519,724 shares of the company’s stock valued at $386,994,000 after acquiring an additional 665,782 shares during the period. Clear Trail Advisors LLC acquired a new position in Johnson Controls International in the fourth quarter valued at approximately $5,104,000. Finally, Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Johnson Controls International by 14.7% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 112,411 shares of the company’s stock valued at $13,461,000 after purchasing an additional 14,446 shares during the last quarter. Institutional investors and hedge funds own 90.05% of the company’s stock.

About Johnson Controls International

Johnson Controls International plc is a global diversified technology and multi‑industrial company that develops products, services and solutions for buildings and energy storage. The company’s core focus is on improving building efficiency, safety and sustainability through a combination of HVAC equipment, building controls and automation, fire and security systems, and related services. Johnson Controls traces its roots to 1885, when inventor Warren S. Johnson developed an electric room thermostat; over its long history the company has expanded from controls into a broad set of building‑related technologies and, through corporate transactions, into a global provider of integrated building solutions.

Johnson Controls’ product and service portfolio includes heating, ventilation and air‑conditioning equipment, chillers, air handlers and related mechanical systems, together with building automation and control platforms that monitor and manage energy use, indoor environmental quality and security.