Johnson Controls International (NYSE:JCI) Reaches New 1-Year High Following Analyst Upgrade

Johnson Controls International plc (NYSE:JCI - Get Free Report)'s stock price hit a new 52-week high on Wednesday after Wells Fargo & Company raised their price target on the stock from $100.00 to $130.00. Wells Fargo & Company currently has an overweight rating on the stock. Johnson Controls International traded as high as $102.38 and last traded at $101.88, with a volume of 465107 shares changing hands. The stock had previously closed at $101.18.

Other equities research analysts have also recently issued reports about the stock. Royal Bank of Canada upped their price objective on shares of Johnson Controls International from $82.00 to $98.00 and gave the stock a "sector perform" rating in a report on Thursday, May 8th. Barclays increased their price target on shares of Johnson Controls International from $85.00 to $90.00 and gave the company an "equal weight" rating in a research note on Wednesday, May 14th. Oppenheimer raised their price objective on shares of Johnson Controls International from $90.00 to $96.00 and gave the company an "outperform" rating in a research note on Thursday, May 8th. Vertical Research raised shares of Johnson Controls International from a "hold" rating to a "buy" rating and set a $105.00 price objective on the stock in a research note on Thursday, May 8th. Finally, Robert W. Baird increased their target price on shares of Johnson Controls International from $84.00 to $90.00 and gave the stock a "neutral" rating in a report on Thursday, May 8th. Eight analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $97.88.

Insider Activity

In other Johnson Controls International news, Director George Oliver sold 15,669 shares of Johnson Controls International stock in a transaction on Friday, March 14th. The shares were sold at an average price of $77.49, for a total transaction of $1,214,190.81. Following the completion of the transaction, the director now directly owns 1,003,893 shares of the company's stock, valued at $77,791,668.57. The trade was a 1.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Nathan D. Manning sold 1,422 shares of Johnson Controls International stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $86.91, for a total value of $123,586.02. Following the completion of the sale, the vice president now owns 144,704 shares of the company's stock, valued at $12,576,224.64. The trade was a 0.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 332,555 shares of company stock valued at $27,989,126 in the last 90 days. 0.54% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Johnson Controls International

Several hedge funds have recently bought and sold shares of JCI. Strs Ohio acquired a new position in Johnson Controls International in the 1st quarter valued at $13,766,000. Acadian Asset Management LLC purchased a new position in Johnson Controls International during the 1st quarter valued at about $55,000. Belpointe Asset Management LLC raised its position in Johnson Controls International by 99.9% in the 1st quarter. Belpointe Asset Management LLC now owns 7,116 shares of the company's stock valued at $570,000 after purchasing an additional 3,557 shares in the last quarter. Focus Partners Wealth raised its position in Johnson Controls International by 15.4% in the 1st quarter. Focus Partners Wealth now owns 29,052 shares of the company's stock valued at $2,328,000 after purchasing an additional 3,881 shares in the last quarter. Finally, Integrity Alliance LLC. acquired a new stake in shares of Johnson Controls International during the 1st quarter worth about $223,000. Hedge funds and other institutional investors own 90.05% of the company's stock.

Johnson Controls International Stock Down 0.1%

The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.86 and a current ratio of 1.02. The firm has a market cap of $67.30 billion, a price-to-earnings ratio of 39.03, a price-to-earnings-growth ratio of 1.96 and a beta of 1.28. The firm has a 50-day moving average price of $87.01 and a two-hundred day moving average price of $83.93.

Johnson Controls International (NYSE:JCI - Get Free Report) last announced its earnings results on Wednesday, May 7th. The company reported $0.82 earnings per share for the quarter, beating the consensus estimate 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 the consensus estimate of $5.64 billion. During the same period last year, the business posted $0.78 EPS. The company's revenue was up 1.4% on a year-over-year basis. On average, sell-side analysts forecast that Johnson Controls International plc will post 3.64 earnings per share for the current year.

Johnson Controls International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Monday, March 24th were paid a $0.37 dividend. The ex-dividend date of this dividend was Monday, March 24th. This represents a $1.48 annualized dividend and a yield of 1.45%. Johnson Controls International's payout ratio is currently 39.47%.

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.