Johnson Controls International plc (NYSE:JCI) Receives $80.93 Consensus PT from Analysts

Johnson Controls International plc (NYSE:JCI) has been given a consensus rating of “Hold” by the fifteen ratings firms that are presently covering the firm, MarketBeat Ratings reports. Nine analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $80.93.

JCI has been the topic of several research analyst reports. Morgan Stanley assumed coverage on shares of Johnson Controls International in a report on Friday, September 6th. They issued an “overweight” rating and a $85.00 price objective on the stock. Mizuho increased their price objective on shares of Johnson Controls International from $62.00 to $75.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. Bank of America upped their price target on Johnson Controls International from $80.00 to $95.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. Argus raised Johnson Controls International from a “hold” rating to a “buy” rating and set a $88.00 price objective for the company in a research note on Friday, December 20th. Finally, Royal Bank of Canada increased their target price on Johnson Controls International from $81.00 to $86.00 and gave the stock a “sector perform” rating in a research note on Thursday, November 7th.

Johnson Controls International Trading Up 1.2 %

JCI opened at $79.92 on Wednesday. The business’s 50 day moving average price is $81.53 and its 200 day moving average price is $74.77. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.79 and a current ratio of 0.94. The stock has a market capitalization of $52.92 billion, a PE ratio of 31.46, a P/E/G ratio of 2.31 and a beta of 1.32. Johnson Controls International has a one year low of $51.71 and a one year high of $87.16.

Johnson Controls International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Monday, December 23rd will be issued a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 1.85%. The ex-dividend date is Monday, December 23rd. Johnson Controls International’s payout ratio is 58.27%.

Insider Activity

In related news, EVP Marlon Sullivan sold 7,230 shares of Johnson Controls International stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $83.35, for a total value of $602,620.50. Following the sale, the executive vice president now directly owns 32,246 shares in the company, valued at $2,687,704.10. The trade was a 18.31 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO George Oliver sold 224,152 shares of the stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $82.72, for a total value of $18,541,853.44. Following the completion of the transaction, the chief executive officer now owns 1,166,992 shares of the company’s stock, valued at $96,533,578.24. The trade was a 16.11 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 758,588 shares of company stock valued at $62,480,987. 0.69% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Johnson Controls International

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Fortitude Family Office LLC raised its position in Johnson Controls International by 195.8% during the third quarter. Fortitude Family Office LLC now owns 420 shares of the company’s stock worth $33,000 after acquiring an additional 278 shares during the last quarter. Wolff Wiese Magana LLC increased its stake in Johnson Controls International by 977.3% in the third quarter. Wolff Wiese Magana LLC now owns 474 shares of the company’s stock valued at $37,000 after purchasing an additional 430 shares during the last quarter. Western Pacific Wealth Management LP purchased a new stake in Johnson Controls International in the 3rd quarter valued at about $44,000. Larson Financial Group LLC raised its stake in Johnson Controls International by 169.3% during the third quarter. Larson Financial Group LLC now owns 738 shares of the company’s stock worth $57,000 after purchasing an additional 464 shares during the period. Finally, Ashton Thomas Securities LLC purchased a new stake in Johnson Controls International during the third quarter valued at about $61,000. 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.