Oppenheimer Raises Johnson Controls International (NYSE:JCI) Price Target to $76.00

Johnson Controls International (NYSE:JCI) had its price objective increased by Oppenheimer from $70.00 to $76.00 in a report issued on Thursday, Benzinga reports. The firm currently has an outperform rating on the stock.

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

Johnson Controls International Trading Down 0.8 %

NYSE:JCI opened at $66.47 on Thursday. The company has a current ratio of 0.87, a quick ratio of 0.65 and a debt-to-equity ratio of 0.44. The firm has a fifty day simple moving average of $68.24 and a 200-day simple moving average of $62.27. Johnson Controls International has a 12 month low of $47.90 and a 12 month high of $74.23. The company has a market capitalization of $44.78 billion, a P/E 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 earnings per share for the quarter, beating analysts’ consensus estimates of $0.75 by $0.03. Johnson Controls International had a return on equity of 13.21% and a net margin of 6.32%. The business had revenue of $6.70 billion for the quarter, compared to analyst estimates of $7.51 billion. During the same period in the prior year, the company earned $0.75 earnings per share. The company’s revenue was down 6.1% on a year-over-year basis. On average, equities research analysts anticipate that Johnson Controls International will post 3.59 earnings per share for the current year.

Johnson Controls International Dividend Announcement

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

Insider Activity

In related news, COO Nathan D. Manning sold 3,000 shares of the firm’s stock in a transaction dated 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Johnson Controls International news, COO Nathan D. Manning sold 3,000 shares of the firm’s 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 transaction, the chief operating officer now owns 106,891 shares in the company, valued at approximately $6,719,168.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Daniel C. Mcconeghy sold 9,342 shares of the company’s stock in a transaction on Friday, May 10th. The stock was sold at an average price of $65.50, for a total transaction of $611,901.00. Following the sale, the vice president now directly owns 25,378 shares of the company’s stock, valued at approximately $1,662,259. The disclosure for this sale can be found here. Insiders have sold a total of 16,900 shares of company stock worth $1,085,145 over the last 90 days. 0.69% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of JCI. Turtle Creek Wealth Advisors LLC purchased a new position in Johnson Controls International during the fourth quarter worth approximately $25,000. Rise Advisors LLC acquired a new stake in shares of Johnson Controls International in the 1st quarter worth $25,000. EdgeRock Capital LLC purchased a new position in shares of Johnson Controls International during the 4th quarter worth $27,000. Hexagon Capital Partners LLC boosted its position in shares of Johnson Controls International by 114.0% during the 4th quarter. Hexagon Capital Partners LLC now owns 503 shares of the company’s stock valued at $29,000 after acquiring an additional 268 shares during the last quarter. Finally, Headinvest LLC purchased a new stake in shares of Johnson Controls International in the third quarter valued at about $30,000. 90.05% of the stock is owned by hedge funds and other 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.