Johnson Controls International plc (NYSE:JCI) Stock Has Average Price Target of $161.67

Key Points

• Analysts rate Johnson Controls “Moderate Buy,” with 12 buy, one strong-buy, 10 hold and one sell rating among 24 firms. The average 12-month price target is $161.67, with recent targets ranging from $161 to $186.
• Johnson Controls reported quarterly EPS of $1.42, beating estimates of $1.30, while revenue rose 9.3% year over year to $6.61 billion. Shares opened at $155.38, near the stock’s 52-week high of $160.41.
• The company declared a quarterly dividend of $0.40 per share, equivalent to a 1.0% annual yield. Separately, a vice president sold 23,417 shares, while institutional investors own 90.05% of the stock.

Johnson Controls International plc (NYSE:JCI - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the twenty-four research firms that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $161.67.

A number of equities research analysts recently issued reports on the company. Wells Fargo & Company began coverage on Johnson Controls International in a research report on Thursday, September 24th. They issued an "overweight" rating and a $186.00 price objective on the stock. Royal Bank Of Canada boosted their target price on Johnson Controls International from $154.00 to $161.00 and gave the stock a "sector perform" rating in a research report on Thursday, July 30th. UBS Group restated a "buy" rating on shares of Johnson Controls International in a research report on Wednesday, September 16th. Citigroup upped their target price on Johnson Controls International from $157.00 to $170.00 and gave the stock a "neutral" rating in a research note on Monday. Finally, Argus set a $175.00 price target on Johnson Controls International in a report on Friday, August 7th.

Insider Buying and Selling at Johnson Controls International

In related news, VP Lei Schlitz sold 23,417 shares of the firm's stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $153.07, for a total value of $3,584,440.19. Following the sale, the vice president directly owned 15,017 shares of the company's stock, valued at $2,298,652.19. This trade represents a 60.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.29% of the company's stock.

Hedge Funds Weigh In On Johnson Controls International

Hedge funds and other institutional investors have recently bought and sold shares of the stock. NBH Bank bought a new position in shares of Johnson Controls International during the 2nd quarter valued at about $29,000. Fourth Dimension Wealth LLC raised its holdings in shares of Johnson Controls International by 51.3% during the 2nd quarter. Fourth Dimension Wealth LLC now owns 230 shares of the company's stock valued at $34,000 after buying an additional 78 shares in the last quarter. First Bancorp Inc ME bought a new stake in Johnson Controls International in the 2nd quarter worth approximately $34,000. Axiom Investment Management LLC bought a new stake in Johnson Controls International in the 2nd quarter worth approximately $41,000. Finally, SJS Investment Consulting Inc. lifted its position in Johnson Controls International by 747.1% in the 1st quarter. SJS Investment Consulting Inc. now owns 288 shares of the company's stock worth $38,000 after buying an additional 254 shares during the last quarter. Hedge funds and other institutional investors own 90.05% of the company's stock.

Johnson Controls International Stock Performance

NYSE JCI opened at $155.38 on Tuesday. Johnson Controls International has a 1 year low of $104.49 and a 1 year high of $160.41. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.00 and a quick ratio of 0.83. The stock has a market capitalization of $94.12 billion, a PE ratio of 27.02, a P/E/G ratio of 1.17 and a beta of 1.27. The company's 50 day simple moving average is $147.62 and its two-hundred day simple moving average is $143.25.

Johnson Controls International (NYSE:JCI - Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The company reported $1.42 EPS for the quarter, beating the consensus estimate of $1.30 by $0.12. The firm had revenue of $6.61 billion during the quarter, compared to the consensus estimate of $6.46 billion. Johnson Controls International had a net margin of 14.32% and a return on equity of 22.11%. The business's quarterly revenue was up 9.3% compared to the same quarter last year. During the same period last year, the firm earned $1.05 EPS. Analysts predict that Johnson Controls International will post 5.08 earnings per share for the current fiscal year.

Johnson Controls International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 16th. Stockholders of record on Monday, September 21st will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, September 21st. This represents a $1.60 annualized dividend and a dividend yield of 1.0%. Johnson Controls International's payout ratio is presently 27.83%.

About Johnson Controls International

Johnson Controls International plc NYSE: JCI is a global provider of building technology, products and services. The company helps commercial, institutional and industrial customers improve building performance, energy efficiency, safety and occupant comfort through integrated solutions.

Its offerings include heating, ventilation and air-conditioning systems; building automation and controls; fire detection and suppression equipment; security systems; energy management technologies; and related service, maintenance and digital solutions.

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