Johnson Controls International (NYSE:JCI) Given New $76.00 Price Target at Oppenheimer

Johnson Controls International (NYSE:JCI) had its price objective upped by Oppenheimer from $70.00 to $76.00 in a report published on Thursday morning, Benzinga reports. They currently have an outperform rating on the stock.

Other equities analysts have also recently issued research reports about the stock. Wells Fargo & Company lifted their target price on shares of Johnson Controls International from $64.00 to $73.00 and gave the stock an overweight rating in a research report on Tuesday, April 2nd. UBS Group downgraded Johnson Controls International from a buy rating to a neutral rating and decreased their price objective for the stock from $74.00 to $68.00 in a report on Monday, May 6th. Barclays increased their target price on Johnson Controls International from $59.00 to $62.00 and gave the company an equal weight rating in a report on Friday, June 21st. Finally, Citigroup lifted their price target on Johnson Controls International from $59.00 to $68.00 and gave the stock a neutral rating in a research note on Monday, April 8th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Johnson Controls International presently has a consensus rating of Hold and a consensus price target of $63.82.

Johnson Controls International Trading Down 0.8 %

NYSE JCI opened at $66.47 on Thursday. The company has a quick ratio of 0.65, a current ratio of 0.87 and a debt-to-equity ratio of 0.44. The stock’s 50-day simple moving average is $68.24 and its two-hundred day simple moving average is $62.27. Johnson Controls International has a twelve month low of $47.90 and a twelve month high of $74.23. The company has a market capitalization of $44.78 billion, a price-to-earnings ratio of 26.91, a PEG ratio of 1.71 and a beta of 1.29.

Johnson Controls International (NYSE:JCI) last announced its quarterly earnings data on Wednesday, May 1st. The company reported $0.78 EPS for the quarter, beating the consensus estimate of $0.75 by $0.03. The firm had revenue of $6.70 billion for the quarter, compared to analyst estimates of $7.51 billion. Johnson Controls International had a return on equity of 13.21% and a net margin of 6.32%. The company’s revenue was down 6.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.75 EPS. Research analysts forecast that Johnson Controls International will post 3.59 EPS for the current fiscal year.

Johnson Controls International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, July 19th. Stockholders of record on Monday, June 24th will be given a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 2.23%. The ex-dividend date is Monday, June 24th. Johnson Controls International’s dividend payout ratio is currently 59.92%.

Insider Activity at Johnson Controls International

In other Johnson Controls International news, COO Nathan D. Manning sold 3,000 shares of the stock in a transaction on Monday, May 6th. The stock was sold at an average price of $62.86, for a total value of $188,580.00. Following the completion of the transaction, the chief operating officer now owns 106,891 shares in the company, valued at $6,719,168.26. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, Director Juergen Tinggren sold 4,000 shares of Johnson Controls International stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $62.31, for a total transaction of $249,240.00. Following the completion of the transaction, the director now directly owns 30,120 shares in the company, valued at $1,876,777.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Nathan D. Manning sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $62.86, for a total value of $188,580.00. Following the transaction, the chief operating officer now directly owns 106,891 shares of the company’s stock, valued at approximately $6,719,168.26. The disclosure for this sale can be found here. Insiders have sold 16,900 shares of company stock worth $1,085,145 over the last ninety days. 0.69% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Johnson Controls International

Several institutional investors and hedge funds have recently modified their holdings of JCI. LPL Financial LLC raised its holdings in Johnson Controls International by 5.4% in the third quarter. LPL Financial LLC now owns 366,920 shares of the company’s stock worth $19,524,000 after buying an additional 18,675 shares during the last quarter. Federated Hermes Inc. raised its holdings in Johnson Controls International by 18.5% in the 3rd quarter. Federated Hermes Inc. now owns 77,193 shares of the company’s stock worth $4,107,000 after acquiring an additional 12,042 shares during the last quarter. Trexquant Investment LP lifted its position in Johnson Controls International by 6.5% in the 3rd quarter. Trexquant Investment LP now owns 65,322 shares of the company’s stock valued at $3,476,000 after acquiring an additional 3,974 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in Johnson Controls International by 17.2% during the 3rd quarter. Tower Research Capital LLC TRC now owns 40,692 shares of the company’s stock valued at $2,165,000 after purchasing an additional 5,960 shares during the last quarter. Finally, Itau Unibanco Holding S.A. increased its holdings in shares of Johnson Controls International by 198.6% in the 3rd quarter. Itau Unibanco Holding S.A. now owns 1,651 shares of the company’s stock worth $88,000 after purchasing an additional 1,098 shares in the last quarter. 90.05% of the stock is currently owned by institutional investors.

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.