Analysts Set Johnson Controls International plc (NYSE:JCI) Price Target at $80.93

Johnson Controls International plc (NYSE:JCI) has been given an average recommendation of “Hold” by the fifteen ratings firms that are covering the company, Marketbeat.com reports. Nine equities research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12 month price target among brokers that have covered the stock in the last year is $80.93.

A number of analysts have commented on the stock. StockNews.com downgraded shares of Johnson Controls International from a “buy” rating to a “hold” rating in a research report on Wednesday, November 20th. Wells Fargo & Company upped their target price on Johnson Controls International from $84.00 to $90.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. Oppenheimer lifted their price target on Johnson Controls International from $86.00 to $87.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Barclays boosted their price objective on Johnson Controls International from $75.00 to $83.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 5th. Finally, Robert W. Baird upped their price objective on Johnson Controls International from $80.00 to $85.00 and gave the company a “neutral” rating in a report on Thursday, November 7th.

Johnson Controls International Price Performance

Shares of NYSE JCI opened at $79.92 on Wednesday. The firm’s 50-day simple moving average is $81.59 and its 200 day simple moving average is $74.93. The stock has a market cap of $52.92 billion, a P/E ratio of 31.46, a P/E/G ratio of 2.31 and a beta of 1.32. The company has a quick ratio of 0.79, a current ratio of 0.94 and a debt-to-equity ratio of 0.46. Johnson Controls International has a fifty-two week low of $51.71 and a fifty-two week high of $87.16.

Johnson Controls International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Monday, December 23rd will be given a $0.37 dividend. The ex-dividend date of this dividend is Monday, December 23rd. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.85%. Johnson Controls International’s dividend payout ratio is currently 58.27%.

Insider Activity

In other Johnson Controls International news, EVP Marlon Sullivan sold 7,230 shares of the company’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $83.35, for a total transaction of $602,620.50. Following the completion of the sale, the executive vice president now directly owns 32,246 shares in the company, valued at $2,687,704.10. This represents a 18.31 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO George Oliver sold 110,616 shares of Johnson Controls International stock in a transaction dated Friday, November 15th. The stock was 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 owns 1,244,617 shares in the company, valued at $105,294,598.20. The trade was a 8.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 758,588 shares of company stock valued at $62,480,987. Insiders own 0.69% of the company’s stock.

Institutional Trading of Johnson Controls International

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Fortitude Family Office LLC raised its position in shares of Johnson Controls International by 195.8% during the third quarter. Fortitude Family Office LLC now owns 420 shares of the company’s stock valued at $33,000 after buying an additional 278 shares during the last quarter. Wolff Wiese Magana LLC boosted its stake in Johnson Controls International by 977.3% during the third quarter. Wolff Wiese Magana LLC now owns 474 shares of the company’s stock worth $37,000 after buying an additional 430 shares in the last quarter. Western Pacific Wealth Management LP acquired a new stake in Johnson Controls International during the third quarter worth $44,000. Larson Financial Group LLC increased its holdings in Johnson Controls International by 169.3% in the 3rd quarter. Larson Financial Group LLC now owns 738 shares of the company’s stock valued at $57,000 after buying an additional 464 shares during the period. Finally, Ashton Thomas Securities LLC acquired a new position in shares of Johnson Controls International in the 3rd quarter valued at $61,000. Institutional investors and hedge funds 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.