Johnson Controls International Price Target Increase

Johnson Controls International (NYSE:JCI) has seen its price target raised from $80.00 to $85.00 by analysts at Robert W. Baird, as reported in a research update provided to clients and investors on Thursday. This adjustment comes with a "neutral" rating for the stock, indicating a modest outlook. The new target price suggests a potential upside of approximately 3.71% based on the current stock price.

Recent Analyst Activity

Other investment firms have also recently updated their assessments of Johnson Controls International. Barclays increased their price target from $62.00 to $64.00 while maintaining an "equal weight" rating. Similarly, Oppenheimer raised their price estimate from $79.00 to $86.00, giving the stock an "outperform" rating. Additionally, Bank of America set a target price of $95.00 after increasing it from $80.00, rating the stock as a "buy." Wells Fargo also raised its target from $84.00 to $90.00 and assigned an "overweight" rating. Royal Bank of Canada raised its target from $81.00 to $86.00 with a "sector perform" rating. Overall, 11 analysts suggest holding the stock, while 6 recommend buying it, resulting in a consensus rating of "hold" with an average target price of $75.57, according to MarketBeat.

Current Stock Performance

On Thursday, NYSE:JCI shares rose by $0.49, reaching $81.96. The stock traded around 2,262,842 shares, notably lower than its average volume of roughly 4,939,359 shares. Financial indicators for Johnson Controls include a debt-to-equity ratio of 0.46, a quick ratio of 0.73, and a current ratio of 0.96. The company's 50-day and 200-day simple moving averages are $74.87 and $70.72, respectively. Over the past year, the stock has fluctuated between a low of $50.00 and a high of $82.21. With a market capitalization of $54.75 billion, the stock has a price-to-earnings (P/E) ratio of 34.26 and a price-to-earnings-growth (PEG) ratio of 2.12, alongside a beta value of 1.29.

Quarterly Earnings Overview

Johnson Controls International recently announced its quarterly earnings on November 6th, revealing earnings per share (EPS) of $1.28, surpassing the consensus estimate of $1.25 by $0.03. The company reported a net margin of 6.02%, with a return on equity of 13.64%. Despite this positive EPS result, revenue for the quarter was $6.25 billion, falling short of analysts' predictions that estimated $7.26 billion. For the current fiscal year, analysts predict an EPS of 3.68 for Johnson Controls International.

Insider Transactions

In other, more personal financial news, CEO George Oliver recently sold 110,615 shares of the company on September 16th at an average price of $72.67, totaling about $8.04 million. Following this transaction, he retains ownership of 1,243,751 shares, valued at approximately $90.38 million. Furthermore, COO Nathan D. Manning sold 1,167 shares on September 3rd at an average price of $72.75, bringing in roughly $84,899. The overall trend over the past three months shows that insiders have sold 226,141 shares worth about $16.90 million, with insiders owning around 0.69% of the stock.

Institutional Investor Activity

Looking at institutional involvement, several investors have recently bought or sold shares in Johnson Controls International. Capital World Investors increased its stake by a significant 85.5% in the first quarter, amassing 14,142,736 shares valued at approximately $923.80 million. Dimensional Fund Advisors LP raised its holdings by 8.9% in the second quarter, bringing their total to 5,855,075 shares valued at around $389.21 million. Also notable is Raymond James & Associates who raised their holdings by 5.6% in the third quarter, now owning 4,735,147 shares valued at $367.50 million. Notably, Barrow Hanley Mewhinney & Strauss LLC grew its position by an impressive 686.4%, holding 4,445,418 shares valued at around $295.49 million after acquiring 3,880,146 additional shares. Institutional investments comprise about 90.05% of the company's total stock.

Company Overview

Johnson Controls International, headquartered in Ireland, focuses on engineering, manufacturing, commissioning, and retrofitting building products and systems. It operates across the globe and is structured into four business segments: Building Solutions North America, Building Solutions EMEA/LA, Building Solutions Asia Pacific, and Global Products.

Johnson, Controls, Stock