Royal Bank of Canada Issues Positive Forecast for Johnson Controls International (NYSE:JCI) Stock Price

Johnson Controls International (NYSE:JCI) had its price objective lifted by Royal Bank of Canada from $81.00 to $86.00 in a research report report published on Thursday,Benzinga reports. Royal Bank of Canada currently has a sector perform rating on the stock.

JCI has been the topic of several other reports. Mizuho raised their target price on Johnson Controls International from $62.00 to $75.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. Morgan Stanley assumed coverage on Johnson Controls International in a report on Friday, September 6th. They set an “overweight” rating and a $85.00 target price on the stock. Robert W. Baird raised their target price on Johnson Controls International from $72.00 to $78.00 and gave the company a “neutral” rating in a report on Thursday, August 1st. Wells Fargo & Company lifted their price objective on Johnson Controls International from $84.00 to $90.00 and gave the stock an “overweight” rating in a research note on Thursday. Finally, Barclays lifted their price objective 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. Eleven analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, Johnson Controls International currently has an average rating of “Hold” and an average price target of $75.64.

Johnson Controls International Stock Up 3.3 %

Shares of NYSE:JCI traded up $2.71 during midday trading on Thursday, hitting $84.62. 4,338,041 shares of the stock were exchanged, compared to its average volume of 4,949,209. 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 business’s fifty day simple moving average is $74.87 and its two-hundred day simple moving average is $70.72. The company has a market capitalization of $56.53 billion, a PE ratio of 33.31, a P/E/G ratio of 2.39 and a beta of 1.29.

Johnson Controls International (NYSE:JCI) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $1.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.25 by $0.03. Johnson Controls International had a return on equity of 14.51% and a net margin of 6.49%. The business had revenue of $6.25 billion during the quarter, compared to analyst estimates of $7.26 billion. As a group, research analysts predict that Johnson Controls International will post 3.46 earnings per share for the current fiscal year.

Johnson Controls International Dividend Announcement

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

Insider Buying and Selling at Johnson Controls International

In other Johnson Controls International news, CEO George Oliver sold 110,615 shares of Johnson Controls International 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 sale, the chief executive officer now directly owns 1,243,751 shares of the company’s stock, valued at approximately $90,383,385.17. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Johnson Controls International news, CEO George Oliver sold 110,615 shares of Johnson Controls International 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 sale, the chief executive officer now directly owns 1,243,751 shares of the company’s stock, valued at approximately $90,383,385.17. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Nathan D. Manning sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $77.08, for a total value of $231,240.00. Following the completion of the transaction, the chief operating officer now directly owns 140,488 shares in the company, 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. Over the last ninety days, insiders have sold 226,141 shares of company stock valued at $16,904,519. 0.69% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Metis Global Partners LLC boosted its holdings in shares of Johnson Controls International by 0.4% in the 3rd quarter. Metis Global Partners LLC now owns 28,446 shares of the company’s stock worth $2,208,000 after acquiring an additional 127 shares in the last quarter. Summit Trail Advisors LLC boosted its holdings in shares of Johnson Controls International by 4.6% in the 2nd quarter. Summit Trail Advisors LLC now owns 3,715 shares of the company’s stock worth $248,000 after acquiring an additional 163 shares in the last quarter. Miracle Mile Advisors LLC boosted its holdings in shares of Johnson Controls International by 1.0% in the 3rd quarter. Miracle Mile Advisors LLC now owns 17,011 shares of the company’s stock worth $1,320,000 after acquiring an additional 163 shares in the last quarter. Berry Wealth Group LP raised its position in Johnson Controls International by 0.7% in the 3rd quarter. Berry Wealth Group LP now owns 25,978 shares of the company’s stock worth $2,016,000 after purchasing an additional 177 shares during the last quarter. Finally, Commerce Bank raised its position in Johnson Controls International by 0.8% in the 3rd quarter. Commerce Bank now owns 22,984 shares of the company’s stock worth $1,784,000 after purchasing an additional 186 shares during the last quarter. 90.05% of the stock is owned by institutional investors and hedge funds.

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.