Johnson Controls International (NYSE:JCI) Given New $92.00 Price Target at Wells Fargo & Company

Johnson Controls International (NYSE:JCI) had its target price lowered by Wells Fargo & Company from $95.00 to $92.00 in a report issued on Tuesday morning,Benzinga reports. The brokerage currently has an overweight rating on the stock.

JCI has been the subject of a number of other research reports. Barclays raised their price objective on Johnson Controls International from $75.00 to $83.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 5th. Oppenheimer lifted their price target on shares of Johnson Controls International from $86.00 to $87.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. UBS Group assumed coverage on shares of Johnson Controls International in a research note on Wednesday, November 13th. They issued a “neutral” rating and a $90.00 price objective for the company. Bank of America lifted their target price on shares of Johnson Controls International from $80.00 to $95.00 and gave the company a “buy” rating in a research report on Friday, September 27th. Finally, Mizuho increased their price target on shares of Johnson Controls International from $62.00 to $75.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. Ten equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, Johnson Controls International currently has a consensus rating of “Hold” and an average target price of $81.07.

Johnson Controls International Stock Up 1.1 %

Shares of JCI opened at $80.06 on Tuesday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.79 and a current ratio of 0.94. The company has a 50-day simple moving average of $81.83 and a 200-day simple moving average of $75.15. Johnson Controls International has a 52 week low of $51.71 and a 52 week high of $87.16. The firm has a market capitalization of $53.01 billion, a P/E ratio of 31.52, a P/E/G ratio of 2.31 and a beta of 1.32.

Johnson Controls International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Monday, December 23rd will be issued a $0.37 dividend. The ex-dividend date is Monday, December 23rd. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.85%. Johnson Controls International’s dividend payout ratio is 58.27%.

Insiders Place Their Bets

In other news, CEO George Oliver sold 110,616 shares of the company’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $84.60, for a total transaction of $9,358,113.60. Following the transaction, the chief executive officer now owns 1,244,617 shares of the company’s stock, valued at $105,294,598.20. This represents a 8.16 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Marlon Sullivan sold 7,230 shares of Johnson Controls International stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $83.35, for a total value of $602,620.50. Following the completion of the sale, the executive vice president now owns 32,246 shares of the company’s stock, valued at approximately $2,687,704.10. The trade was a 18.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 758,588 shares of company stock valued at $62,480,987 in the last 90 days. 0.69% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Metis Global Partners LLC grew its position in shares of Johnson Controls International by 0.4% during the 3rd quarter. Metis Global Partners LLC now owns 28,446 shares of the company’s stock worth $2,208,000 after buying an additional 127 shares during the period. Fulton Bank N.A. grew its holdings in Johnson Controls International by 1.2% during the 4th quarter. Fulton Bank N.A. now owns 11,845 shares of the company’s stock worth $935,000 after acquiring an additional 139 shares during the period. Brooklyn Investment Group raised its position in shares of Johnson Controls International by 3.5% during the 3rd quarter. Brooklyn Investment Group now owns 4,309 shares of the company’s stock valued at $334,000 after acquiring an additional 144 shares during the last quarter. Summit Trail Advisors LLC lifted its stake in shares of Johnson Controls International by 4.6% in the 2nd quarter. Summit Trail Advisors LLC now owns 3,715 shares of the company’s stock valued at $248,000 after purchasing an additional 163 shares during the period. Finally, Miracle Mile Advisors LLC grew its stake in shares of Johnson Controls International by 1.0% during the third quarter. Miracle Mile Advisors LLC now owns 17,011 shares of the company’s stock worth $1,320,000 after purchasing an additional 163 shares during the period. 90.05% of the stock is currently owned by institutional investors and hedge funds.

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.