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

Johnson Controls International (NYSE:JCI - Get Free Report) had its price objective hoisted by equities research analysts at Wells Fargo & Company from $100.00 to $130.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage currently has an "overweight" rating on the stock. Wells Fargo & Company's price target indicates a potential upside of 27.12% from the company's current price.

JCI has been the subject of several other reports. UBS Group reiterated a "buy" rating and issued a $116.00 price target (up from $103.00) on shares of Johnson Controls International in a research report on Thursday, May 22nd. JPMorgan Chase & Co. lifted their price target on Johnson Controls International from $81.00 to $98.00 and gave the company an "overweight" rating in a research report on Friday, May 16th. Robert W. Baird lifted their price target on Johnson Controls International from $84.00 to $90.00 and gave the company a "neutral" rating in a research report on Thursday, May 8th. Royal Bank of Canada lifted their price target on Johnson Controls International from $82.00 to $98.00 and gave the company a "sector perform" rating in a research report on Thursday, May 8th. Finally, Barclays lifted their price target on Johnson Controls International from $85.00 to $90.00 and gave the company an "equal weight" rating in a research report on Wednesday, May 14th. Eight analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to MarketBeat, Johnson Controls International has an average rating of "Moderate Buy" and an average target price of $97.88.

Johnson Controls International Stock Performance

NYSE:JCI traded down $0.07 during trading hours on Wednesday, reaching $102.27. The stock had a trading volume of 3,363,267 shares, compared to its average volume of 4,284,061. 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 stock has a 50 day simple moving average of $87.01 and a 200 day simple moving average of $83.93. Johnson Controls International has a 12-month low of $64.31 and a 12-month high of $106.00. The stock has a market cap of $67.30 billion, a P/E ratio of 39.03, a price-to-earnings-growth ratio of 1.96 and a beta of 1.28.

Johnson Controls International (NYSE:JCI - Get Free Report) last released its earnings results on Wednesday, May 7th. The company reported $0.82 earnings per share (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 business had revenue of $5.68 billion during the quarter, compared to the consensus estimate of $5.64 billion. During the same period last year, the business posted $0.78 earnings per share. The business's revenue for the quarter was up 1.4% on a year-over-year basis. On average, research analysts forecast that Johnson Controls International will post 3.64 EPS for the current fiscal year.

Insider Transactions at Johnson Controls International

In other news, CFO Marc Vandiepenbeeck sold 28,289 shares of the firm's stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $90.92, for a total value of $2,572,035.88. Following the transaction, the chief financial officer now directly owns 147,673 shares in the company, valued at $13,426,429.16. This trade represents a 16.08% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, 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 value of $1,214,190.81. Following the transaction, the director now owns 1,003,893 shares in the company, valued at $77,791,668.57. This trade represents a 1.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 332,555 shares of company stock worth $27,989,126. Corporate insiders own 0.54% of the company's stock.

Institutional Investors Weigh In On Johnson Controls International

Several large investors have recently made changes to their positions in the company. Raymond James Financial Inc. bought a new stake in Johnson Controls International during the fourth quarter worth approximately $568,309,000. Norges Bank bought a new stake in Johnson Controls International during the fourth quarter worth approximately $560,549,000. Nuveen LLC bought a new stake in Johnson Controls International during the first quarter worth approximately $219,110,000. Invesco Ltd. increased its stake in Johnson Controls International by 13.2% during the fourth quarter. Invesco Ltd. now owns 18,407,597 shares of the company's stock worth $1,452,912,000 after acquiring an additional 2,150,573 shares during the last quarter. Finally, AQR Capital Management LLC increased its stake in Johnson Controls International by 747.6% during the first quarter. AQR Capital Management LLC now owns 2,034,060 shares of the company's stock worth $159,186,000 after acquiring an additional 1,794,089 shares during the last quarter. 90.05% of the stock is owned by institutional investors.

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.