Johnson Controls International’s (JCI) Sector Perform Rating Reaffirmed at Royal Bank Of Canada

Johnson Controls International (NYSE:JCI)‘s stock had its “sector perform” rating reissued by investment analysts at Royal Bank Of Canada in a research note issued to investors on Wednesday,Benzinga reports. They currently have a $154.00 price objective on the stock. Royal Bank Of Canada’s price objective suggests a potential upside of 11.41% from the company’s previous close.

Several other research firms also recently commented on JCI. HSBC increased their target price on Johnson Controls International from $127.00 to $136.00 in a research report on Thursday, May 7th. Wolfe Research lowered their price objective on Johnson Controls International from $161.00 to $160.00 and set an “outperform” rating for the company in a research note on Wednesday, April 8th. The Goldman Sachs Group raised their price objective on shares of Johnson Controls International from $154.00 to $158.00 and gave the company a “buy” rating in a report on Tuesday, April 7th. Citigroup boosted their target price on shares of Johnson Controls International from $150.00 to $155.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. Finally, Jefferies Financial Group upped their price target on shares of Johnson Controls International from $125.00 to $135.00 and gave the company a “hold” rating in a research report on Wednesday, April 15th. Eleven investment 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 presently has an average rating of “Hold” and a consensus target price of $147.63.

Johnson Controls International Price Performance

Shares of NYSE JCI traded down $1.99 during midday trading on Wednesday, reaching $138.23. 537,290 shares of the company were exchanged, compared to its average volume of 4,451,009. The stock’s 50-day moving average price is $138.01 and its 200-day moving average price is $128.68. The stock has a market cap of $84.34 billion, a P/E ratio of 24.73, a PEG ratio of 1.52 and a beta of 1.37. Johnson Controls International has a one year low of $99.11 and a one year high of $147.32. The company has a quick ratio of 0.85, a current ratio of 1.04 and a debt-to-equity ratio of 0.64.

Johnson Controls International (NYSE:JCI) last announced its quarterly earnings results on Tuesday, March 31st. The company reported $1.19 EPS for the quarter. Johnson Controls International had a return on equity of 19.50% and a net margin of 14.45%.The company had revenue of $6.14 billion during the quarter. On average, sell-side analysts anticipate that Johnson Controls International will post 4.87 earnings per share for the current fiscal year.

Insider Transactions at Johnson Controls International

In other news, VP Lei Zhang Schlitz sold 88,809 shares of the business’s stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $140.99, for a total value of $12,521,180.91. Following the transaction, the vice president owned 57,059 shares in the company, valued at approximately $8,044,748.41. The trade was a 60.88% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.29% of the company’s stock.

Institutional Trading of Johnson Controls International

Large investors have recently bought and sold shares of the business. Norges Bank acquired a new position in shares of Johnson Controls International in the 4th quarter valued at about $927,739,000. Viking Global Investors LP increased its holdings in Johnson Controls International by 368.5% in the third quarter. Viking Global Investors LP now owns 6,796,942 shares of the company’s stock worth $747,324,000 after purchasing an additional 5,346,130 shares in the last quarter. Amundi lifted its stake in Johnson Controls International by 157.2% in the first quarter. Amundi now owns 5,965,212 shares of the company’s stock valued at $781,145,000 after buying an additional 3,646,047 shares during the period. Ameriprise Financial Inc. lifted its position in shares of Johnson Controls International by 140.8% during the 2nd quarter. Ameriprise Financial Inc. now owns 4,575,414 shares of the company’s stock valued at $483,281,000 after acquiring an additional 2,675,157 shares during the period. Finally, Invesco Ltd. increased its stake in Johnson Controls International by 13.0% in the fourth 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 in the last quarter. 90.05% of the stock is currently owned by institutional investors and hedge funds.

Johnson Controls International Company Profile

Johnson Controls International plc is a global diversified technology and multi‑industrial company that develops products, services and solutions for buildings and energy storage. The company’s core focus is on improving building efficiency, safety and sustainability through a combination of HVAC equipment, building controls and automation, fire and security systems, and related services. Johnson Controls traces its roots to 1885, when inventor Warren S. Johnson developed an electric room thermostat; over its long history the company has expanded from controls into a broad set of building‑related technologies and, through corporate transactions, into a global provider of integrated building solutions.

Johnson Controls’ product and service portfolio includes heating, ventilation and air‑conditioning equipment, chillers, air handlers and related mechanical systems, together with building automation and control platforms that monitor and manage energy use, indoor environmental quality and security.