Johnson Controls International (NYSE:JCI) Given New $75.00 Price Target at Mizuho

Johnson Controls International (NYSE:JCI) had its price objective lifted by Mizuho from $62.00 to $75.00 in a research note issued to investors on Thursday, Benzinga reports. They currently have a neutral rating on the stock.

Other equities research analysts have also issued research reports about the stock. Wells Fargo & Company upped their target price on shares of Johnson Controls International from $80.00 to $84.00 and gave the stock an “overweight” rating in a report on Monday, October 7th. The Goldman Sachs Group raised their target price on Johnson Controls International from $73.00 to $81.00 and gave the company a “buy” rating in a report on Friday, August 2nd. StockNews.com downgraded Johnson Controls International from a “buy” rating to a “hold” rating in a report on Thursday, October 10th. Robert W. Baird raised their price objective on Johnson Controls International from $72.00 to $78.00 and gave the company a “neutral” rating in a research note on Thursday, August 1st. Finally, Royal Bank of Canada raised shares of Johnson Controls International from an “underperform” rating to a “sector perform” rating and lifted their price objective for the stock from $61.00 to $69.00 in a report on Wednesday, August 14th. Eleven analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $73.43.

Johnson Controls International Stock Up 0.2 %

Shares of NYSE:JCI opened at $77.44 on Thursday. The firm has a market cap of $51.73 billion, a P/E ratio of 32.40, a PEG ratio of 2.21 and a beta of 1.29. Johnson Controls International has a 52-week low of $47.90 and a 52-week high of $78.23. The business’s 50 day simple moving average is $73.12 and its two-hundred day simple moving average is $69.66. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.73 and a current ratio of 0.96.

Johnson Controls International (NYSE:JCI) last posted its quarterly earnings results on Wednesday, July 31st. The company reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.08 by $0.06. Johnson Controls International had a net margin of 6.02% and a return on equity of 13.64%. The business had revenue of $7.23 billion during the quarter, compared to the consensus estimate of $7.53 billion. During the same quarter last year, the firm posted $1.03 EPS. Johnson Controls International’s revenue was up 1.4% compared to the same quarter last year. As a group, research analysts forecast that Johnson Controls International will post 3.68 EPS for the current fiscal year.

Johnson Controls International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Wednesday, September 25th were paid a dividend of $0.37 per share. The ex-dividend date of this dividend was Wednesday, September 25th. This represents a $1.48 annualized dividend and a dividend yield of 1.91%. Johnson Controls International’s payout ratio is currently 61.92%.

Insider Activity at Johnson Controls International

In other Johnson Controls International news, COO Nathan D. Manning sold 1,167 shares of the stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $72.75, for a total transaction of $84,899.25. Following the completion of the transaction, the chief operating officer now directly owns 143,488 shares of the company’s stock, valued at approximately $10,438,752. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, COO Nathan D. Manning sold 1,167 shares of the company’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $72.75, for a total transaction of $84,899.25. Following the transaction, the chief operating officer now owns 143,488 shares of the company’s stock, valued at $10,438,752. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO George Oliver sold 110,615 shares of the stock in a transaction on Monday, September 16th. The stock was sold at an average price of $72.67, for a total value of $8,038,392.05. Following the transaction, the chief executive officer now owns 1,243,751 shares of the company’s stock, valued at $90,383,385.17. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 227,308 shares of company stock worth $16,984,829. Insiders own 0.69% of the company’s stock.

Institutional Trading of Johnson Controls International

Several hedge funds and other institutional investors have recently modified their holdings of the business. Rise Advisors LLC purchased a new position in Johnson Controls International in the 1st quarter valued at approximately $25,000. Continuum Advisory LLC boosted its holdings in shares of Johnson Controls International by 65.2% in the second quarter. Continuum Advisory LLC now owns 527 shares of the company’s stock worth $35,000 after acquiring an additional 208 shares during the period. Wolff Wiese Magana LLC grew its position in shares of Johnson Controls International by 977.3% in the third quarter. Wolff Wiese Magana LLC now owns 474 shares of the company’s stock valued at $37,000 after purchasing an additional 430 shares in the last quarter. Hexagon Capital Partners LLC raised its stake in shares of Johnson Controls International by 39.7% during the 2nd quarter. Hexagon Capital Partners LLC now owns 711 shares of the company’s stock valued at $47,000 after purchasing an additional 202 shares during the period. Finally, Friedenthal Financial purchased a new stake in Johnson Controls International during the 2nd quarter worth about $47,000. 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.