Barclays Lowers Johnson Controls International (NYSE:JCI) Price Target to $85.00

Johnson Controls International (NYSE:JCI) had its price objective trimmed by Barclays from $88.00 to $85.00 in a research report released on Monday, MarketBeat reports. The firm currently has an equal weight rating on the stock.

Several other analysts also recently weighed in on the company. Citigroup dropped their price objective on Johnson Controls International from $85.00 to $84.00 and set a “neutral” rating for the company in a research report on Monday, January 13th. JPMorgan Chase & Co. increased their target price on Johnson Controls International from $87.00 to $100.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. UBS Group upgraded Johnson Controls International from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $90.00 to $103.00 in a research report on Monday, February 10th. Argus raised Johnson Controls International from a “hold” rating to a “buy” rating and set a $88.00 target price for the company in a research note on Friday, December 20th. Finally, Wells Fargo & Company raised their target price on Johnson Controls International from $92.00 to $98.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. Eight research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, Johnson Controls International presently has a consensus rating of “Moderate Buy” and an average price target of $91.27.

Johnson Controls International Price Performance

Shares of JCI stock opened at $78.74 on Monday. The company has a quick ratio of 0.86, a current ratio of 1.02 and a debt-to-equity ratio of 0.50. Johnson Controls International has a twelve month low of $59.83 and a twelve month high of $91.14. The company has a market cap of $51.98 billion, a P/E ratio of 30.05, a P/E/G ratio of 1.96 and a beta of 1.32. The business has a fifty day simple moving average of $82.44 and a 200 day simple moving average of $79.63.

Johnson Controls International (NYSE:JCI) last announced its quarterly earnings data on Wednesday, February 5th. The company reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.05. Johnson Controls International had a return on equity of 15.11% and a net margin of 6.83%. On average, sell-side analysts forecast that Johnson Controls International will post 3.64 EPS for the current fiscal year.

Johnson Controls International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Monday, March 24th will be issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.88%. Johnson Controls International’s dividend payout ratio is presently 56.49%.

Insider Activity

In other news, CEO George Oliver sold 162,894 shares of the firm’s stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $89.28, for a total value of $14,543,176.32. Following the transaction, the chief executive officer now owns 1,203,893 shares in the company, valued at $107,483,567.04. This trade represents a 11.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Daniel C. Mcconeghy sold 1,950 shares of the firm’s stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $87.73, for a total value of $171,073.50. Following the completion of the transaction, the vice president now owns 24,803 shares in the company, valued at $2,175,967.19. This represents a 7.29 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 706,050 shares of company stock worth $61,972,667 over the last 90 days. 0.54% of the stock is currently owned by corporate insiders.

Institutional Trading of Johnson Controls International

Hedge funds have recently made changes to their positions in the company. Raymond James Financial Inc. purchased a new position in shares of Johnson Controls International in the fourth quarter valued at $568,309,000. Norges Bank purchased a new position in shares of Johnson Controls International in the 4th quarter worth about $560,549,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Johnson Controls International by 514.9% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,391,562 shares of the company’s stock worth $418,439,000 after purchasing an additional 4,514,792 shares in the last quarter. Invesco Ltd. boosted its holdings in shares of Johnson Controls International by 13.2% in the 4th quarter. Invesco Ltd. now owns 18,407,597 shares of the company’s stock worth $1,452,912,000 after purchasing an additional 2,150,573 shares in the last quarter. Finally, Amundi boosted its holdings in shares of Johnson Controls International by 76.7% in the 4th quarter. Amundi now owns 3,870,478 shares of the company’s stock worth $309,422,000 after purchasing an additional 1,680,431 shares in the last quarter. 90.05% of the stock is currently owned by institutional investors.

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.