Johnson Controls International (NYSE:JCI) Price Target Raised to $130.00 at Wells Fargo & Company

Johnson Controls International (NYSE:JCI) had its price target lifted by Wells Fargo & Company from $100.00 to $130.00 in a report published on Wednesday morning,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the stock.

JCI has been the subject of several other research reports. Deutsche Bank Aktiengesellschaft raised shares of Johnson Controls International from a “hold” rating to a “buy” rating and increased their price objective for the stock from $101.00 to $112.00 in a research report on Monday, May 12th. Vertical Research raised shares of Johnson Controls International from a “hold” rating to a “buy” rating and set a $105.00 target price for the company in a research note on Thursday, May 8th. Barclays increased their target price on Johnson Controls International from $85.00 to $90.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 14th. Oppenheimer boosted their price target on Johnson Controls International from $90.00 to $96.00 and gave the company an “outperform” rating in a report on Thursday, May 8th. Finally, JPMorgan Chase & Co. upped their price objective on Johnson Controls International from $81.00 to $98.00 and gave the stock an “overweight” rating in a research report on Friday, May 16th. Eight equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $97.88.

Johnson Controls International Price Performance

JCI opened at $103.81 on Wednesday. The stock has a market cap of $68.31 billion, a P/E ratio of 39.62, a P/E/G ratio of 1.96 and a beta of 1.33. Johnson Controls International has a 12 month low of $64.31 and a 12 month high of $103.84. The company has a quick ratio of 0.86, a current ratio of 1.02 and a debt-to-equity ratio of 0.50. The company has a fifty day simple moving average of $87.90 and a 200 day simple moving average of $84.19.

Johnson Controls International (NYSE:JCI) last released its quarterly earnings results on Wednesday, May 7th. The company reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.05. Johnson Controls International had a return on equity of 15.11% and a net margin of 6.83%. The company had revenue of $5.68 billion for the quarter, compared to analyst estimates of $5.64 billion. During the same quarter last year, the firm posted $0.78 earnings per share. Johnson Controls International’s revenue was up 1.4% compared to the same quarter last year. On average, research analysts expect that Johnson Controls International will post 3.64 EPS for the current year.

Johnson Controls International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Monday, March 24th were given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 1.43%. The ex-dividend date was Monday, March 24th. Johnson Controls International’s dividend payout ratio (DPR) is 39.47%.

Insider Transactions at Johnson Controls International

In related news, VP Nathan D. Manning sold 1,422 shares of the business’s stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $79.72, for a total transaction of $113,361.84. Following the transaction, the vice president now directly owns 145,502 shares in the company, valued at approximately $11,599,419.44. The trade was a 0.97% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Marc Vandiepenbeeck sold 28,289 shares of the stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $90.92, for a total transaction of $2,572,035.88. Following the completion of the sale, the chief financial officer now owns 147,673 shares of the company’s stock, valued at approximately $13,426,429.16. This represents a 16.08% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 347,555 shares of company stock worth $29,536,076 in the last 90 days. Corporate insiders own 0.54% of the company’s stock.

Institutional Trading of Johnson Controls International

Institutional investors and hedge funds have recently bought and sold shares of the business. Certuity LLC acquired a new stake in Johnson Controls International during the 4th quarter valued at $243,000. Vivid Wealth Management LLC bought a new position in shares of Johnson Controls International in the fourth quarter valued at about $2,290,000. Stratos Wealth Partners LTD. lifted its stake in shares of Johnson Controls International by 6.5% during the 4th quarter. Stratos Wealth Partners LTD. now owns 7,139 shares of the company’s stock worth $564,000 after buying an additional 433 shares during the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of Johnson Controls International during the 4th quarter worth about $29,000. Finally, Regents Gate Capital LLP acquired a new position in Johnson Controls International in the 4th quarter valued at about $1,092,000. Institutional investors own 90.05% of the company’s stock.

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.