Johnson Controls International (NYSE:JCI) Price Target Raised to $90.00

Johnson Controls International (NYSE:JCI) had its price target raised by Wells Fargo & Company from $84.00 to $90.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has an overweight rating on the stock.

Several other research firms have also issued reports on JCI. Barclays increased their target price on Johnson Controls International from $62.00 to $64.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 2nd. Mizuho increased their price objective on Johnson Controls International from $62.00 to $75.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. The Goldman Sachs Group increased their price objective on Johnson Controls International from $73.00 to $81.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Oppenheimer raised their price target on Johnson Controls International from $79.00 to $86.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 2nd. Finally, Robert W. Baird lifted their target price on Johnson Controls International from $72.00 to $78.00 and gave the company a “neutral” rating in a research note on Thursday, August 1st. Eleven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, Johnson Controls International presently has an average rating of “Hold” and a consensus target price of $75.64.

Johnson Controls International Trading Up 3.3 %

NYSE:JCI traded up $2.71 during trading hours on Thursday, hitting $84.62. The company had a trading volume of 4,392,978 shares, compared to its average volume of 3,558,225. The company has a current ratio of 0.94, a quick ratio of 0.73 and a debt-to-equity ratio of 0.46. The company has a 50-day moving average of $75.32 and a 200 day moving average of $70.94. The company has a market cap of $56.53 billion, a P/E ratio of 33.31, a P/E/G ratio of 2.46 and a beta of 1.29. Johnson Controls International has a 1 year low of $50.00 and a 1 year high of $84.79.

Johnson Controls International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Wednesday, September 25th were given a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.75%. The ex-dividend date of this dividend was Wednesday, September 25th. Johnson Controls International’s dividend payout ratio is currently 58.27%.

Insider Activity

In other news, COO Nathan D. Manning sold 1,167 shares of Johnson Controls International stock in a transaction 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 $10,438,752. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, COO Nathan D. Manning sold 1,167 shares of the stock in a transaction dated 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 in the company, valued at approximately $10,438,752. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO George Oliver sold 110,615 shares of the stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $76.79, for a total value of $8,494,125.85. Following the completion of the sale, the chief executive officer now owns 1,243,751 shares of the company’s stock, valued at approximately $95,507,639.29. 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. Company insiders own 0.69% of the company’s stock.

Institutional Trading of Johnson Controls International

Several hedge funds have recently made changes to their positions in the stock. Texas Permanent School Fund Corp increased its position in Johnson Controls International by 0.3% in the 1st quarter. Texas Permanent School Fund Corp now owns 140,880 shares of the company’s stock valued at $9,202,000 after acquiring an additional 406 shares during the period. Advisory Alpha LLC acquired a new position in shares of Johnson Controls International during the 1st quarter valued at $204,000. Envestnet Portfolio Solutions Inc. increased its position in shares of Johnson Controls International by 16.4% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 89,314 shares of the company’s stock valued at $5,834,000 after purchasing an additional 12,561 shares during the period. Empowered Funds LLC increased its position in shares of Johnson Controls International by 206.0% during the 1st quarter. Empowered Funds LLC now owns 30,571 shares of the company’s stock valued at $1,997,000 after purchasing an additional 20,579 shares during the period. Finally, Oppenheimer & Co. Inc. increased its position in shares of Johnson Controls International by 5.8% during the 1st quarter. Oppenheimer & Co. Inc. now owns 92,563 shares of the company’s stock valued at $6,046,000 after purchasing an additional 5,056 shares during the period. 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.