Johnson Controls International (NYSE:JCI) Price Target Raised to $93.00 at Royal Bank of Canada

Johnson Controls International (NYSE:JCI) had its price objective raised by Royal Bank of Canada from $86.00 to $93.00 in a research report report published on Thursday,Benzinga reports. The firm currently has a sector perform rating on the stock.

Other equities research analysts have also recently issued reports about the stock. StockNews.com cut shares of Johnson Controls International from a “buy” rating to a “hold” rating in a report on Wednesday, November 20th. Mizuho lifted their target price on Johnson Controls International from $62.00 to $75.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. Melius downgraded Johnson Controls International from a “buy” rating to a “hold” rating and set a $95.00 price target for the company. in a report on Tuesday, January 28th. UBS Group began coverage on shares of Johnson Controls International in a research report on Wednesday, November 13th. They issued a “neutral” rating and a $90.00 price objective on the stock. Finally, Citigroup reduced their target price on shares of Johnson Controls International from $85.00 to $84.00 and set a “neutral” rating for the company in a report on Monday, January 13th. Nine analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $90.27.

Johnson Controls International Stock Up 2.4 %

NYSE:JCI opened at $88.09 on Thursday. Johnson Controls International has a twelve month low of $53.34 and a twelve month high of $88.90. The firm has a market capitalization of $58.15 billion, a price-to-earnings ratio of 34.68, a price-to-earnings-growth ratio of 2.24 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. The stock’s 50 day moving average price is $80.77 and its two-hundred day moving average price is $76.76.

Johnson Controls International (NYSE:JCI) last issued its earnings results on Wednesday, February 5th. The company reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates of $0.59 by $0.05. Johnson Controls International had a net margin of 6.49% and a return on equity of 14.51%. Equities research analysts expect that Johnson Controls International will post 3.45 earnings per share for the current fiscal year.

Johnson Controls International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Monday, December 23rd were paid a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 1.68%. The ex-dividend date of this dividend was Monday, December 23rd. Johnson Controls International’s dividend payout ratio (DPR) is currently 58.27%.

Insiders Place Their Bets

In other Johnson Controls International news, VP Nathan D. Manning sold 1,421 shares of the stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $76.44, for a total transaction of $108,621.24. Following the sale, the vice president now directly owns 148,346 shares in the company, valued at $11,339,568.24. This represents a 0.95 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO George Oliver sold 110,616 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $84.60, for a total transaction of $9,358,113.60. Following the completion of the transaction, the chief executive officer now owns 1,244,617 shares of the company’s stock, 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. Insiders have sold a total of 649,208 shares of company stock worth $54,081,073 in the last 90 days. Company insiders own 0.54% of the company’s stock.

Institutional Investors Weigh In On Johnson Controls International

A number of large investors have recently modified their holdings of JCI. Raymond James Financial Inc. acquired a new position in shares of Johnson Controls International during the 4th quarter worth $568,309,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Johnson Controls International by 514.9% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,391,562 shares of the company’s stock valued at $418,439,000 after acquiring an additional 4,514,792 shares during the last quarter. Fisher Asset Management LLC raised its stake in Johnson Controls International by 3.4% during the third quarter. Fisher Asset Management LLC now owns 15,295,506 shares of the company’s stock worth $1,187,084,000 after acquiring an additional 509,293 shares in the last quarter. Proficio Capital Partners LLC lifted its holdings in shares of Johnson Controls International by 9,843.4% in the fourth quarter. Proficio Capital Partners LLC now owns 484,542 shares of the company’s stock worth $38,245,000 after acquiring an additional 479,669 shares during the last quarter. Finally, Janney Montgomery Scott LLC acquired a new stake in shares of Johnson Controls International in the 4th quarter valued at approximately $32,609,000. 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.