Johnson Controls International (NYSE:JCI) Price Target Increased to $92.00 by Analysts at Morgan Stanley

Johnson Controls International (NYSE:JCI) had its price objective hoisted by Morgan Stanley from $87.00 to $92.00 in a research report released on Friday, Price Targets.com reports. Morgan Stanley currently has an overweight rating on the stock.

A number of other equities analysts have also weighed in on JCI. Deutsche Bank Aktiengesellschaft increased their target price on shares of Johnson Controls International from $84.00 to $85.00 and gave the stock a hold rating in a research report on Friday, December 10th. Citigroup increased their target price on shares of Johnson Controls International from $73.00 to $81.00 and gave the stock a buy rating in a research report on Monday, November 8th. Wells Fargo & Company increased their target price on shares of Johnson Controls International from $82.00 to $83.00 and gave the stock an overweight rating in a research report on Monday, November 8th. Mizuho assumed coverage on shares of Johnson Controls International in a research report on Thursday, December 16th. They set a buy rating and a $93.00 target price for the company. Finally, Credit Suisse Group raised their price objective on shares of Johnson Controls International from $85.00 to $86.00 and gave the company an outperform rating in a research report on Monday, November 8th. Four research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, Johnson Controls International presently has a consensus rating of Buy and an average target price of $80.64.

NYSE JCI opened at $76.56 on Friday. Johnson Controls International has a 52-week low of $48.11 and a 52-week high of $81.77. The company has a 50-day simple moving average of $78.51 and a 200 day simple moving average of $74.26. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.87 and a current ratio of 1.10. The company has a market capitalization of $53.92 billion, a PE ratio of 33.58, a price-to-earnings-growth ratio of 2.99 and a beta of 1.09.

Johnson Controls International (NYSE:JCI) last posted its quarterly earnings data on Friday, November 5th. The company reported $0.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.87 by $0.01. Johnson Controls International had a net margin of 6.92% and a return on equity of 10.16%. The business had revenue of $6.40 billion during the quarter, compared to the consensus estimate of $6.42 billion. During the same quarter last year, the company posted $0.76 earnings per share. The firm’s quarterly revenue was up 7.4% compared to the same quarter last year. As a group, analysts forecast that Johnson Controls International will post 3.28 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, January 14th. Investors of record on Monday, December 20th were paid a $0.34 dividend. This is an increase from Johnson Controls International’s previous quarterly dividend of $0.27. This represents a $1.36 dividend on an annualized basis and a yield of 1.78%. The ex-dividend date of this dividend was Friday, December 17th. Johnson Controls International’s dividend payout ratio (DPR) is currently 59.65%.

In related news, VP Jeffrey M. Williams sold 25,076 shares of the firm’s stock in a transaction that occurred on Friday, December 10th. The shares were sold at an average price of $78.96, for a total value of $1,980,000.96. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP Visal Leng sold 600 shares of the firm’s stock in a transaction that occurred on Wednesday, January 12th. The shares were sold at an average price of $81.00, for a total transaction of $48,600.00. The disclosure for this sale can be found here. Insiders sold 57,460 shares of company stock worth $4,536,359 over the last ninety days. 0.76% of the stock is currently owned by insiders.

Several hedge funds have recently bought and sold shares of JCI. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its stake in shares of Johnson Controls International by 12.3% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 133,361 shares of the company’s stock worth $9,153,000 after acquiring an additional 14,577 shares in the last quarter. Rafferty Asset Management LLC raised its stake in shares of Johnson Controls International by 18.1% during the second quarter. Rafferty Asset Management LLC now owns 16,049 shares of the company’s stock worth $1,101,000 after acquiring an additional 2,454 shares in the last quarter. Rockefeller Capital Management L.P. raised its stake in shares of Johnson Controls International by 62.2% during the second quarter. Rockefeller Capital Management L.P. now owns 8,121 shares of the company’s stock worth $557,000 after acquiring an additional 3,113 shares in the last quarter. Mid Atlantic Financial Management Inc. ADV raised its stake in shares of Johnson Controls International by 14.6% during the second quarter. Mid Atlantic Financial Management Inc. ADV now owns 9,297 shares of the company’s stock worth $638,000 after acquiring an additional 1,183 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. raised its stake in shares of Johnson Controls International by 13.6% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 25,966 shares of the company’s stock worth $1,782,000 after acquiring an additional 3,111 shares in the last quarter. 88.15% of the stock is currently owned by hedge funds and other institutional investors.

About Johnson Controls International

Johnson Controls International Plc engages in the provision of buildings products, energy solutions, integrated infrastructure and next generation transportation systems. Its technology and service capabilities include fire, security, HVAC, power solutions and energy storage to serve various end markets including large institutions, commercial buildings, retail, industrial, small business and residential.

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Analyst Recommendations for Johnson Controls International (NYSE:JCI)

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