Johnson Controls International (NYSE:JCI) Stock Price Expected to Rise, Royal Bank of Canada Analyst Says

Johnson Controls International (NYSE:JCI) had its target price boosted by equities researchers at Royal Bank of Canada from $81.00 to $86.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage currently has a “sector perform” rating on the stock. Royal Bank of Canada’s price objective indicates a potential upside of 1.63% from the stock’s current price.

Other research analysts have also recently issued reports about the stock. Bank of America lifted their price objective on shares of Johnson Controls International from $80.00 to $95.00 and gave the company a “buy” rating in a research note on Friday, September 27th. Mizuho lifted their price target on Johnson Controls International from $62.00 to $75.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th. Robert W. Baird lifted their target price on shares of Johnson Controls International from $72.00 to $78.00 and gave the stock a “neutral” rating in a research report on Thursday, August 1st. StockNews.com raised shares of Johnson Controls International from a “hold” rating to a “buy” rating in a report on Monday, November 4th. Finally, Morgan Stanley initiated coverage on shares of Johnson Controls International in a research note on Friday, September 6th. They set an “overweight” rating and a $85.00 price target for the company. Eleven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $75.64.

Johnson Controls International Stock Performance

NYSE JCI opened at $84.62 on Thursday. 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. The stock has a market cap of $56.53 billion, a PE ratio of 33.31, a P/E/G ratio of 2.39 and a beta of 1.29. The firm has a 50-day moving average of $75.32 and a 200-day moving average of $70.94.

Insider Activity

In related news, CEO George Oliver sold 110,615 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The stock was 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 trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related 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 transaction, the chief executive officer now directly owns 1,243,751 shares of the company’s stock, valued at $90,383,385.17. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Nathan D. Manning sold 3,000 shares of the firm’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $77.08, for a total transaction of $231,240.00. Following the completion of the sale, the chief operating officer now owns 140,488 shares of the company’s stock, valued at $10,828,815.04. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 226,141 shares of company stock valued at $16,904,519 in the last ninety days. 0.69% of the stock is owned by company insiders.

Hedge Funds Weigh In On Johnson Controls International

Institutional investors have recently modified their holdings of the company. Capital World Investors increased its position in shares of Johnson Controls International by 85.5% during the first quarter. Capital World Investors now owns 14,142,736 shares of the company’s stock worth $923,804,000 after acquiring an additional 6,520,580 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC boosted its stake in Johnson Controls International by 686.4% during the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 4,445,418 shares of the company’s stock valued at $295,487,000 after purchasing an additional 3,880,146 shares during the last quarter. M&G Plc acquired a new position in Johnson Controls International during the 1st quarter valued at about $120,948,000. Toronto Dominion Bank increased its holdings 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 worth $126,425,000 after purchasing an additional 1,558,560 shares in the last quarter. Finally, Ceredex Value Advisors LLC purchased a new stake in shares of Johnson Controls International in the second quarter worth approximately $73,881,000. 90.05% of the stock is owned by institutional investors and hedge funds.

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.