Johnson Controls International (NYSE:JCI) Given New $100.00 Price Target at Barclays

Johnson Controls International (NYSE:JCI - Get Free Report) had its target price increased by equities research analysts at Barclays from $90.00 to $100.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm currently has an "equal weight" rating on the stock. Barclays's price target would indicate a potential downside of 5.50% from the company's current price.

A number of other brokerages also recently issued reports on JCI. JPMorgan Chase & Co. lifted their price target on shares of Johnson Controls International from $81.00 to $98.00 and gave the stock an "overweight" rating in a research note on Friday, May 16th. Morgan Stanley lifted their price target on shares of Johnson Controls International from $105.00 to $115.00 and gave the stock an "overweight" rating in a research note on Friday, May 9th. Citigroup decreased their price target on shares of Johnson Controls International from $95.00 to $85.00 and set a "neutral" rating for the company in a research note on Monday, April 14th. Royal Bank Of Canada lifted their price target on shares of Johnson Controls International from $82.00 to $98.00 and gave the stock a "sector perform" rating in a research note on Thursday, May 8th. Finally, Vertical Research upgraded shares of Johnson Controls International from a "hold" rating to a "buy" rating and set a $105.00 price target for the company in a research note on Thursday, May 8th. Nine equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $100.53.

Johnson Controls International Stock Down 0.5%

Shares of NYSE JCI traded down $0.51 during midday trading on Wednesday, hitting $105.82. The company's stock had a trading volume of 2,234,200 shares, compared to its average volume of 4,340,706. The business's fifty day simple moving average is $100.92 and its two-hundred day simple moving average is $87.93. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.96 and a quick ratio of 0.81. Johnson Controls International has a 1 year low of $64.31 and a 1 year high of $107.20. The firm has a market capitalization of $69.63 billion, a price-to-earnings ratio of 28.22, a price-to-earnings-growth ratio of 1.95 and a beta of 1.31.

Johnson Controls International (NYSE:JCI - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $0.82 EPS for the quarter, beating the consensus estimate of $0.77 by $0.05. Johnson Controls International had a net margin of 10.19% and a return on equity of 15.13%. The business had revenue of $5.68 billion during the quarter, compared to analyst estimates of $5.64 billion. During the same quarter last year, the firm posted $0.78 earnings per share. The business's revenue for the quarter was up 1.4% compared to the same quarter last year. On average, equities analysts predict that Johnson Controls International will post 3.64 EPS for the current year.

Johnson Controls International announced that its board has approved a stock repurchase plan on Friday, June 13th that allows the company to repurchase $9.00 billion in shares. This repurchase authorization allows the company to reacquire up to 13.4% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's board of directors believes its shares are undervalued.

Insider Buying and Selling at Johnson Controls International

In related news, Director George Oliver sold 100,000 shares of the company's stock in a transaction on Friday, May 9th. The shares were sold at an average price of $91.70, for a total value of $9,170,000.00. Following the completion of the sale, the director owned 904,305 shares in the company, valued at $82,924,768.50. This represents a 9.96% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Marc Vandiepenbeeck sold 28,289 shares of the company's 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 owned 147,673 shares of the company's stock, valued at approximately $13,426,429.16. This trade represents a 16.08% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 147,555 shares of company stock worth $13,705,106 in the last 90 days. Company insiders own 0.54% of the company's stock.

Institutional Trading of Johnson Controls International

Several institutional investors and hedge funds have recently bought and sold shares of the business. Brighton Jones LLC acquired a new position in Johnson Controls International in the 4th quarter valued at $222,000. Bank Pictet & Cie Europe AG grew its stake in shares of Johnson Controls International by 67.4% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 88,569 shares of the company's stock worth $6,991,000 after purchasing an additional 35,655 shares during the period. SBI Securities Co. Ltd. acquired a new position in shares of Johnson Controls International during the 4th quarter worth $29,000. Proficio Capital Partners LLC grew its stake in shares of Johnson Controls International by 26.0% during the 4th quarter. Proficio Capital Partners LLC now owns 6,139 shares of the company's stock worth $485,000 after purchasing an additional 1,266 shares during the period. Finally, Larson Financial Group LLC grew its stake in shares of Johnson Controls International by 25.1% during the 4th quarter. Larson Financial Group LLC now owns 923 shares of the company's stock worth $73,000 after purchasing an additional 185 shares during the period. Hedge funds and other institutional investors own 90.05% of the company's stock.

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.