Deutsche Bank Aktiengesellschaft Cuts Johnson Controls International (NYSE:JCI) Price Target to $178.00

by · The Markets Daily

Johnson Controls International (NYSE:JCI – Free Report) had its target price lowered by Deutsche Bank Aktiengesellschaft from $180.00 to $178.00 in a report issued on Wednesday. The brokerage currently has a buy rating on the stock.

A number of other research analysts have also weighed in on the stock. Sanford C. Bernstein raised their price target on shares of Johnson Controls International from $173.00 to $190.00 and gave the company an “outperform” rating in a research note on Friday, August 14th. Oppenheimer reiterated a “market perform” rating on shares of Johnson Controls International in a research note on Tuesday, June 2nd. Zacks Research cut Johnson Controls International from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 6th. Wall Street Zen downgraded Johnson Controls International from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Finally, Morgan Stanley lifted their price target on Johnson Controls International from $175.00 to $180.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 2nd. Twelve equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $160.35.

View Our Latest Report on Johnson Controls International

Johnson Controls International Stock Up 2.9%

Shares of JCI opened at $156.18 on Wednesday. The stock’s 50 day moving average is $146.09 and its two-hundred day moving average is $142.20. Johnson Controls International has a 12 month low of $104.49 and a 12 month high of $157.06. The firm has a market cap of $94.61 billion, a P/E ratio of 27.16, a PEG ratio of 1.16 and a beta of 1.27. The company has a current ratio of 1.00, a quick ratio of 0.83 and a debt-to-equity ratio of 0.61.

Johnson Controls International (NYSE:JCI – Get Free Report) last announced its earnings results on Thursday, July 30th. The company reported $1.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.30 by $0.12. The business had revenue of $6.61 billion for the quarter, compared to analyst estimates of $6.46 billion. Johnson Controls International had a net margin of 14.32% and a return on equity of 22.11%. The company’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same quarter last year, the business earned $1.05 earnings per share. Analysts predict that Johnson Controls International will post 5.08 earnings per share for the current fiscal year.

Johnson Controls International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 16th. Stockholders of record on Monday, September 21st will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend is Monday, September 21st. Johnson Controls International’s dividend payout ratio is 27.83%.

Insider Buying and Selling at Johnson Controls International

In related news, VP Lei Schlitz sold 23,417 shares of the firm’s stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $153.07, for a total transaction of $3,584,440.19. Following the completion of the sale, the vice president directly owned 15,017 shares of the company’s stock, valued at approximately $2,298,652.19. This trade represents a 60.93% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.29% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Amundi raised its stake in shares of Johnson Controls International by 157.2% in the 1st quarter. Amundi now owns 5,965,212 shares of the company’s stock valued at $781,145,000 after acquiring an additional 3,646,047 shares during the period. Invesco Ltd. increased its holdings in Johnson Controls International by 13.0% in the 4th quarter. Invesco Ltd. now owns 16,003,486 shares of the company’s stock valued at $1,916,417,000 after purchasing an additional 1,837,220 shares during the last quarter. Balyasny Asset Management L.P. raised its position in Johnson Controls International by 93,932.4% in the fourth quarter. Balyasny Asset Management L.P. now owns 1,809,184 shares of the company’s stock valued at $216,650,000 after purchasing an additional 1,807,260 shares during the period. Hsbc Holdings PLC lifted its stake in Johnson Controls International by 702.5% during the first quarter. Hsbc Holdings PLC now owns 1,962,770 shares of the company’s stock worth $256,820,000 after purchasing an additional 1,718,179 shares in the last quarter. Finally, Cullen Capital Management LLC purchased a new position in shares of Johnson Controls International during the second quarter worth $244,214,000. Institutional investors and hedge funds own 90.05% of the company’s stock.

About Johnson Controls International

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Johnson Controls International plc (NYSE: JCI) is a global provider of building technology, products and services. The company helps commercial, institutional and industrial customers improve building performance, energy efficiency, safety and occupant comfort through integrated solutions.

Its offerings include heating, ventilation and air-conditioning systems; building automation and controls; fire detection and suppression equipment; security systems; energy management technologies; and related service, maintenance and digital solutions.

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