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

Shares of Johnson Controls International plc (NYSE:JCI) have earned a consensus recommendation of “Hold” from the fifteen brokerages that are currently covering the stock, MarketBeat reports. Nine analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $81.07.

Several brokerages recently issued reports on JCI. Barclays raised their target price on shares of Johnson Controls International from $75.00 to $83.00 and gave the company an “equal weight” rating in a research note on Thursday, December 5th. 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. Oppenheimer increased their price target on Johnson Controls International from $86.00 to $87.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Robert W. Baird lifted their price objective on shares of Johnson Controls International from $80.00 to $85.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Finally, Royal Bank of Canada increased their price objective on shares of Johnson Controls International from $81.00 to $86.00 and gave the company a “sector perform” rating in a research report on Thursday, November 7th.

Johnson Controls International Stock Performance

NYSE JCI opened at $79.27 on Wednesday. The firm has a market capitalization of $52.49 billion, a P/E ratio of 31.21, a price-to-earnings-growth ratio of 2.31 and a beta of 1.32. The company has a current ratio of 0.94, a quick ratio of 0.79 and a debt-to-equity ratio of 0.46. The firm’s fifty day moving average price is $81.66 and its two-hundred day moving average price is $75.08. Johnson Controls International has a 1 year low of $51.71 and a 1 year high of $87.16.

Johnson Controls International Dividend Announcement

The business also recently disclosed 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. The ex-dividend date is Monday, December 23rd. This represents a $1.48 annualized dividend and a yield of 1.87%. Johnson Controls International’s dividend payout ratio is presently 58.27%.

Insider Transactions at Johnson Controls International

In other news, CEO George Oliver sold 110,616 shares of the company’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 sale, the chief executive officer now owns 1,244,617 shares of the company’s stock, valued at approximately $105,294,598.20. This represents a 8.16 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Marlon Sullivan sold 7,230 shares of the stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $83.35, for a total transaction of $602,620.50. Following the sale, the executive vice president now owns 32,246 shares in the company, valued at $2,687,704.10. This represents a 18.31 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 758,588 shares of company stock valued at $62,480,987. 0.69% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Johnson Controls International

Several institutional investors and hedge funds have recently added to or reduced their stakes in JCI. Norway Savings Bank lifted its position in shares of Johnson Controls International by 3.3% during the 4th quarter. Norway Savings Bank now owns 13,795 shares of the company’s stock worth $1,089,000 after buying an additional 445 shares during the last quarter. Diversified Trust Co acquired a new position in Johnson Controls International during the fourth quarter worth about $215,000. Boltwood Capital Management lifted its holdings in shares of Johnson Controls International by 13.3% in the fourth quarter. Boltwood Capital Management now owns 6,318 shares of the company’s stock worth $499,000 after acquiring an additional 740 shares during the last quarter. Nordea Investment Management AB boosted its stake in shares of Johnson Controls International by 5.1% in the 4th quarter. Nordea Investment Management AB now owns 60,970 shares of the company’s stock valued at $4,817,000 after purchasing an additional 2,953 shares in the last quarter. Finally, GAMMA Investing LLC grew its holdings in shares of Johnson Controls International by 14.1% during the 4th quarter. GAMMA Investing LLC now owns 11,519 shares of the company’s stock valued at $909,000 after purchasing an additional 1,427 shares during the last quarter. 90.05% of the stock is currently owned by institutional investors.

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.