Johnson Controls International (NYSE:JCI) Given New $71.00 Price Target at Oppenheimer

Johnson Controls International (NYSE:JCI) had its target price increased by Oppenheimer from $66.00 to $71.00 in a report released on Thursday morning, Benzinga reports. Oppenheimer currently has an outperform rating on the stock.

Other equities research analysts also recently issued reports about the stock. Mizuho downgraded shares of Johnson Controls International from a buy rating to a neutral rating and set a $62.00 price target for the company. in a report on Friday, February 23rd. TheStreet upgraded shares of Johnson Controls International from a c+ rating to a b- rating in a report on Tuesday, December 26th. Melius Research restated a hold rating on shares of Johnson Controls International in a report on Tuesday, January 30th. Citigroup boosted their target price on shares of Johnson Controls International from $59.00 to $68.00 and gave the company a neutral rating in a report on Monday, April 8th. Finally, Argus downgraded shares of Johnson Controls International from a buy rating to a hold rating in a report on Tuesday, February 20th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of Hold and an average target price of $64.50.

Johnson Controls International Stock Performance

Shares of JCI opened at $63.77 on Thursday. The company has a current ratio of 0.97, a quick ratio of 0.73 and a debt-to-equity ratio of 0.45. The stock has a market cap of $43.46 billion, a P/E ratio of 20.77, a PEG ratio of 1.60 and a beta of 1.24. The company has a 50-day moving average of $61.78 and a two-hundred day moving average of $56.35. Johnson Controls International has a 12-month low of $47.90 and a 12-month high of $70.43.

Johnson Controls International (NYSE:JCI) last announced its earnings results on Tuesday, January 30th. The company reported $0.51 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.51. The company had revenue of $6.09 billion during the quarter, compared to analysts’ expectations of $6.94 billion. Johnson Controls International had a net margin of 7.85% and a return on equity of 13.08%. The firm’s quarterly revenue was up .4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.67 earnings per share. As a group, research analysts predict that Johnson Controls International will post 3.61 EPS for the current fiscal year.

Johnson Controls International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, April 19th. Stockholders of record on Monday, March 25th will be given a dividend of $0.37 per share. The ex-dividend date is Friday, March 22nd. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.32%. Johnson Controls International’s payout ratio is currently 48.21%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of Johnson Controls International by 17.3% during the fourth quarter. Vanguard Group Inc. now owns 71,387,169 shares of the company’s stock worth $4,114,756,000 after purchasing an additional 10,522,009 shares in the last quarter. Dodge & Cox raised its holdings in Johnson Controls International by 6.4% in the fourth quarter. Dodge & Cox now owns 67,792,459 shares of the company’s stock valued at $3,907,557,000 after acquiring an additional 4,096,187 shares in the last quarter. Franklin Resources Inc. raised its holdings in Johnson Controls International by 1.9% in the fourth quarter. Franklin Resources Inc. now owns 16,419,338 shares of the company’s stock valued at $946,411,000 after acquiring an additional 305,798 shares in the last quarter. Fisher Asset Management LLC raised its holdings in Johnson Controls International by 4.8% in the fourth quarter. Fisher Asset Management LLC now owns 13,528,240 shares of the company’s stock valued at $779,768,000 after acquiring an additional 618,120 shares in the last quarter. Finally, Invesco Ltd. raised its holdings in Johnson Controls International by 4.7% in the third quarter. Invesco Ltd. now owns 13,063,227 shares of the company’s stock valued at $695,094,000 after acquiring an additional 588,724 shares in the last quarter. 90.05% of the stock is 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.