Johnson Controls International (NYSE:JCI) Given New $84.00 Price Target at Citigroup

Johnson Controls International (NYSE:JCI) had its price objective reduced by Citigroup from $85.00 to $84.00 in a research note issued to investors on Monday morning,Benzinga reports. They currently have a neutral rating on the stock.

Other equities analysts have also issued research reports about the company. Bank of America raised their price target on Johnson Controls International from $80.00 to $95.00 and gave the stock a “buy” rating in a report on Friday, September 27th. Royal Bank of Canada lifted their target price on Johnson Controls International from $81.00 to $86.00 and gave the company a “sector perform” rating in a research note on Thursday, November 7th. UBS Group initiated coverage on Johnson Controls International in a research note on Wednesday, November 13th. They set a “neutral” rating and a $90.00 price target for the company. StockNews.com lowered shares of Johnson Controls International from a “buy” rating to a “hold” rating in a research report on Wednesday, November 20th. Finally, Oppenheimer upped their price objective on shares of Johnson Controls International from $86.00 to $87.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Ten investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $82.53.

Johnson Controls International Stock Down 1.0 %

Shares of NYSE:JCI opened at $79.43 on Monday. Johnson Controls International has a 1-year low of $51.71 and a 1-year high of $87.16. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.94 and a quick ratio of 0.79. The stock has a market cap of $52.60 billion, a P/E ratio of 31.27, a P/E/G ratio of 2.31 and a beta of 1.32. The firm has a fifty day moving average price of $82.10 and a 200 day moving average price of $75.52.

Johnson Controls International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Monday, December 23rd will be issued a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 1.86%. The ex-dividend date of this dividend is Monday, December 23rd. Johnson Controls International’s dividend payout ratio (DPR) is 58.27%.

Insider Transactions at Johnson Controls International

In other Johnson Controls International news, EVP Marlon Sullivan sold 7,230 shares of the firm’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 transaction, the executive vice president now directly owns 32,246 shares in the company, valued at approximately $2,687,704.10. This trade represents a 18.31 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO George Oliver sold 224,152 shares of the company’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $82.72, for a total transaction of $18,541,853.44. Following the completion of the sale, the chief executive officer now directly owns 1,166,992 shares in the company, valued at $96,533,578.24. This trade represents a 16.11 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 647,973 shares of company stock valued at $53,986,862 in the last 90 days. 0.69% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Johnson Controls International

A number of large investors have recently bought and sold shares of JCI. Acadian Asset Management LLC purchased a new stake in shares of Johnson Controls International in the second quarter valued at $1,046,000. Parallel Advisors LLC boosted its stake in shares of Johnson Controls International by 26.3% during the 2nd quarter. Parallel Advisors LLC now owns 6,973 shares of the company’s stock worth $464,000 after purchasing an additional 1,452 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of Johnson Controls International by 2.5% during the second quarter. Envestnet Asset Management Inc. now owns 2,401,984 shares of the company’s stock worth $159,660,000 after buying an additional 59,274 shares in the last quarter. Plato Investment Management Ltd acquired a new position in shares of Johnson Controls International in the second quarter valued at approximately $795,000. Finally, Dimensional Fund Advisors LP grew its stake in Johnson Controls International by 8.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 5,855,075 shares of the company’s stock worth $389,214,000 after acquiring an additional 479,548 shares during the period. Institutional investors and hedge funds own 90.05% of the company’s stock.

Johnson Controls International Company Profile

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.