Johnson Controls International (NYSE:JCI) Price Target Raised to $90.00

Johnson Controls International (NYSE:JCI) had its target price upped by Wells Fargo & Company from $84.00 to $90.00 in a report released on Thursday morning,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the stock.

Several other brokerages have also issued reports on JCI. Royal Bank of Canada upgraded shares of Johnson Controls International from an “underperform” rating to a “sector perform” rating and lifted their target price for the company from $61.00 to $69.00 in a research report on Wednesday, August 14th. Mizuho upped their price target on shares of Johnson Controls International from $62.00 to $75.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. StockNews.com raised shares of Johnson Controls International from a “hold” rating to a “buy” rating in a research report on Monday, November 4th. Robert W. Baird boosted their price objective on shares of Johnson Controls International from $72.00 to $78.00 and gave the company a “neutral” rating in a research report on Thursday, August 1st. Finally, Morgan Stanley initiated coverage on shares of Johnson Controls International in a research report on Friday, September 6th. They issued an “overweight” rating and a $85.00 target price on the stock. Eleven analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, Johnson Controls International presently has a consensus rating of “Hold” and a consensus target price of $75.64.

Johnson Controls International Stock Performance

Shares of JCI stock traded up $2.71 during trading hours on Thursday, hitting $84.62. 4,392,978 shares of the company were exchanged, compared to its average volume of 3,558,225. The firm has a fifty day simple moving average of $75.32 and a 200 day simple moving average of $70.94. The company has a current ratio of 0.94, a quick ratio of 0.73 and a debt-to-equity ratio of 0.46. Johnson Controls International has a 52-week low of $50.00 and a 52-week high of $84.79. The stock has a market capitalization of $56.53 billion, a price-to-earnings ratio of 33.31, a P/E/G ratio of 2.46 and a beta of 1.29.

Johnson Controls International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Wednesday, September 25th were issued a $0.37 dividend. The ex-dividend date was Wednesday, September 25th. This represents a $1.48 annualized dividend and a dividend yield of 1.75%. Johnson Controls International’s payout ratio is currently 58.27%.

Insider Activity at Johnson Controls International

In other Johnson Controls International news, CEO George Oliver sold 110,615 shares of Johnson Controls International stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $72.67, for a total value of $8,038,392.05. Following the transaction, the chief executive officer now owns 1,243,751 shares in the company, valued at $90,383,385.17. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, COO Nathan D. Manning sold 1,167 shares of Johnson Controls International stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $72.75, for a total transaction of $84,899.25. Following the completion of the sale, the chief operating officer now owns 143,488 shares of the company’s stock, valued at $10,438,752. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO George Oliver sold 110,615 shares of Johnson Controls International stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $72.67, for a total value of $8,038,392.05. Following the sale, the chief executive officer now directly owns 1,243,751 shares of the company’s stock, valued at $90,383,385.17. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 226,141 shares of company stock worth $16,904,519 over the last three months. 0.69% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Texas Permanent School Fund Corp raised its stake in shares of Johnson Controls International by 0.3% during the 1st quarter. Texas Permanent School Fund Corp now owns 140,880 shares of the company’s stock worth $9,202,000 after buying an additional 406 shares during the period. Advisory Alpha LLC acquired a new position in shares of Johnson Controls International during the 1st quarter worth approximately $204,000. Envestnet Portfolio Solutions Inc. raised its stake in shares of Johnson Controls International by 16.4% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 89,314 shares of the company’s stock worth $5,834,000 after buying an additional 12,561 shares during the period. Empowered Funds LLC raised its stake in shares of Johnson Controls International by 206.0% during the 1st quarter. Empowered Funds LLC now owns 30,571 shares of the company’s stock worth $1,997,000 after buying an additional 20,579 shares during the period. Finally, Oppenheimer & Co. Inc. raised its stake in shares of Johnson Controls International by 5.8% during the 1st quarter. Oppenheimer & Co. Inc. now owns 92,563 shares of the company’s stock worth $6,046,000 after buying an additional 5,056 shares during the period. 90.05% of the stock is owned by institutional investors and hedge funds.

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.