Johnson Controls International (NYSE:JCI) Given New $110.00 Price Target at Robert W. Baird

Johnson Controls International (NYSE:JCI - Get Free Report) had its target price lifted by Robert W. Baird from $90.00 to $110.00 in a report released on Thursday,Benzinga reports. The firm currently has a "neutral" rating on the stock. Robert W. Baird's price target suggests a potential upside of 1.31% from the stock's previous close.

A number of other analysts have also recently weighed in on the stock. UBS Group reissued a "buy" rating and set a $116.00 price objective (up previously from $103.00) on shares of Johnson Controls International in a report on Thursday, May 22nd. Barclays boosted their target price on shares of Johnson Controls International from $90.00 to $100.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 9th. Citigroup reiterated a "neutral" rating and issued a $110.00 price objective (up from $94.00) on shares of Johnson Controls International in a research report on Monday. Royal Bank Of Canada upped their price objective on shares of Johnson Controls International from $82.00 to $98.00 and gave the company a "sector perform" rating in a research note on Thursday, May 8th. Finally, 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 report on Thursday, May 8th. Nine analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $103.18.

Johnson Controls International Trading Up 1.2%

Shares of JCI traded up $1.30 during mid-day trading on Thursday, reaching $108.58. The stock had a trading volume of 1,107,811 shares, compared to its average volume of 4,335,623. 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 52-week low of $64.31 and a 52-week high of $108.94. The business's fifty day moving average is $101.96 and its 200 day moving average is $88.47. The firm has a market cap of $71.45 billion, a price-to-earnings ratio of 28.96, a P/E/G ratio of 1.92 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, sell-side analysts predict that Johnson Controls International will post 3.64 EPS for the current fiscal year.

Johnson Controls International declared that its Board of Directors has authorized a stock buyback plan on Friday, June 13th that permits the company to buyback $9.00 billion in shares. This buyback authorization permits the company to reacquire up to 13.4% of its shares through open market purchases. Shares buyback plans are typically a sign that the company's leadership believes its stock is undervalued.

Insider Transactions at Johnson Controls International

In related news, VP Anuruddha Rathninde sold 15,000 shares of the stock in a transaction on Friday, June 6th. The stock was sold at an average price of $103.13, for a total value of $1,546,950.00. Following the completion of the transaction, the vice president owned 42,574 shares in the company, valued at $4,390,656.62. This trade represents a 26.05% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director George Oliver sold 100,000 shares of the 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 transaction, the director owned 904,305 shares of the company's stock, valued at $82,924,768.50. This trade represents a 9.96% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 147,555 shares of company stock worth $13,705,106. Corporate insiders own 0.54% of the company's stock.

Institutional Investors Weigh In On Johnson Controls International

Hedge funds and other institutional investors have recently made changes to their positions in the company. Truvestments Capital LLC raised its stake in shares of Johnson Controls International by 425.0% in the 1st quarter. Truvestments Capital LLC now owns 315 shares of the company's stock valued at $25,000 after acquiring an additional 255 shares in the last quarter. Accent Capital Management LLC acquired a new stake in shares of Johnson Controls International during the 1st quarter worth approximately $26,000. Cornerstone Planning Group LLC grew its holdings in shares of Johnson Controls International by 74.5% during the 1st quarter. Cornerstone Planning Group LLC now owns 363 shares of the company's stock worth $28,000 after purchasing an additional 155 shares in the last quarter. Activest Wealth Management boosted its stake in Johnson Controls International by 56.4% in the 1st quarter. Activest Wealth Management now owns 369 shares of the company's stock valued at $30,000 after buying an additional 133 shares in the last quarter. Finally, Community Bank N.A. acquired a new stake in Johnson Controls International in the 1st quarter valued at $32,000. 90.05% of the stock is owned by hedge funds and other institutional investors.

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.

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