Robert W. Baird Issues Positive Forecast for Johnson Controls International (NYSE:JCI) Stock Price

Johnson Controls International (NYSE:JCI) had its price objective raised by Robert W. Baird from $80.00 to $85.00 in a research report sent to investors on Thursday,Benzinga reports. They currently have a neutral rating on the stock.

Other research analysts have also recently issued reports about the stock. StockNews.com upgraded shares of Johnson Controls International from a “hold” rating to a “buy” rating in a report on Monday. Barclays lifted their price objective on shares of Johnson Controls International from $62.00 to $64.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 2nd. Mizuho upped their price target on Johnson Controls International from $62.00 to $75.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th. Morgan Stanley began coverage on shares of Johnson Controls International in a research report on Friday, September 6th. They issued an “overweight” rating and a $85.00 price target on the stock. Finally, The Goldman Sachs Group increased their target price on Johnson Controls International from $73.00 to $81.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Eleven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $75.64.

Johnson Controls International Trading Up 3.3 %

Shares of Johnson Controls International stock traded up $2.71 on Thursday, reaching $84.62. 4,338,041 shares of the company’s stock were exchanged, compared to its average volume of 4,949,209. The firm’s 50-day moving average is $75.32 and its two-hundred day moving average is $70.94. The company has a market capitalization of $56.53 billion, a P/E ratio of 33.31, a price-to-earnings-growth ratio of 2.39 and a beta of 1.29. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.73 and a current ratio of 0.94. Johnson Controls International has a 52 week low of $50.00 and a 52 week high of $84.79.

Johnson Controls International (NYSE:JCI) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $1.28 earnings per share for the quarter, beating the consensus estimate of $1.25 by $0.03. The firm had revenue of $6.25 billion for the quarter, compared to analyst estimates of $7.26 billion. Johnson Controls International had a net margin of 6.49% and a return on equity of 14.51%. Sell-side analysts predict that Johnson Controls International will post 3.46 EPS for the current fiscal year.

Johnson Controls International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Wednesday, September 25th were paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 1.75%. The ex-dividend date was Wednesday, September 25th. Johnson Controls International’s dividend payout ratio (DPR) is currently 58.27%.

Insiders Place Their Bets

In related news, COO Nathan D. Manning sold 1,167 shares of the stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $72.75, for a total transaction of $84,899.25. Following the transaction, the chief operating officer now owns 143,488 shares of the company’s stock, valued at approximately $10,438,752. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Johnson Controls International news, CEO George Oliver sold 110,615 shares of the stock in a transaction on Monday, September 16th. The shares were sold at an average price of $72.67, for a total transaction of $8,038,392.05. Following the completion of the sale, the chief executive officer now owns 1,243,751 shares of the company’s stock, valued at $90,383,385.17. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Nathan D. Manning sold 1,167 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $72.75, for a total value of $84,899.25. Following the completion of the sale, the chief operating officer now owns 143,488 shares of the company’s stock, valued at approximately $10,438,752. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 226,141 shares of company stock valued at $16,904,519 over the last quarter. 0.69% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Johnson Controls International

Institutional investors have recently added to or reduced their stakes in the company. Capital World Investors raised its stake in Johnson Controls International by 85.5% during the first quarter. Capital World Investors now owns 14,142,736 shares of the company’s stock valued at $923,804,000 after buying an additional 6,520,580 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC raised its position in shares of Johnson Controls International by 686.4% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 4,445,418 shares of the company’s stock worth $295,487,000 after purchasing an additional 3,880,146 shares during the last quarter. M&G Plc bought a new position in Johnson Controls International in the 1st quarter worth about $120,948,000. Toronto Dominion Bank grew its position in Johnson Controls International by 413.5% during the 1st quarter. Toronto Dominion Bank now owns 1,935,465 shares of the company’s stock valued at $126,425,000 after purchasing an additional 1,558,560 shares during the last quarter. Finally, Ceredex Value Advisors LLC bought a new stake in Johnson Controls International during the 2nd quarter valued at about $73,881,000. Institutional investors 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.