Johnson Controls International (NYSE:JCI) Stock Rating Upgraded by StockNews.com

Johnson Controls International (NYSE:JCI) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued on Monday.

A number of other equities analysts have also commented on JCI. Mizuho boosted their price objective on Johnson Controls International from $62.00 to $75.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. Bank of America increased their price target 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. Oppenheimer lifted their target price on Johnson Controls International from $79.00 to $86.00 and gave the stock an “outperform” rating in a report on Wednesday, October 2nd. Robert W. Baird upped their price target on shares of Johnson Controls International from $72.00 to $78.00 and gave the company a “neutral” rating in a report on Thursday, August 1st. Finally, The Goldman Sachs Group increased their price objective on Johnson Controls International from $73.00 to $81.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Eleven research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $73.43.

Johnson Controls International Stock Performance

Johnson Controls International stock traded down $1.27 on Monday, hitting $74.23. The company’s stock had a trading volume of 3,410,662 shares, compared to its average volume of 4,941,853. Johnson Controls International has a one year low of $50.00 and a one year high of $78.23. The company has a quick ratio of 0.73, a current ratio of 0.96 and a debt-to-equity ratio of 0.46. The firm has a market cap of $49.59 billion, a P/E ratio of 31.06, a price-to-earnings-growth ratio of 2.16 and a beta of 1.29. The company has a fifty day moving average price of $74.59 and a 200-day moving average price of $70.56.

Insiders Place Their Bets

In related news, COO Nathan D. Manning sold 3,000 shares of Johnson Controls International stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $77.08, for a total transaction of $231,240.00. Following the completion of the transaction, the chief operating officer now directly owns 140,488 shares of the company’s stock, valued at $10,828,815.04. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, CEO George Oliver sold 110,615 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $72.67, for a total value of $8,038,392.05. Following the completion of the transaction, the chief executive officer now directly owns 1,243,751 shares in the company, valued at $90,383,385.17. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Nathan D. Manning sold 3,000 shares of the stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $77.08, for a total value of $231,240.00. Following the sale, the chief operating officer now owns 140,488 shares in the company, valued at approximately $10,828,815.04. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 226,141 shares of company stock worth $16,904,519. Company insiders own 0.69% of the company’s stock.

Institutional Investors Weigh In On Johnson Controls International

Several institutional investors and hedge funds have recently added to or reduced their stakes in JCI. Fortitude Family Office LLC increased its position in shares of Johnson Controls International by 195.8% during the 3rd quarter. Fortitude Family Office LLC now owns 420 shares of the company’s stock valued at $33,000 after purchasing an additional 278 shares during the last quarter. Continuum Advisory LLC increased its holdings in Johnson Controls International by 65.2% during the second quarter. Continuum Advisory LLC now owns 527 shares of the company’s stock valued at $35,000 after buying an additional 208 shares during the last quarter. Wolff Wiese Magana LLC increased its holdings in Johnson Controls International by 977.3% during the third quarter. Wolff Wiese Magana LLC now owns 474 shares of the company’s stock valued at $37,000 after buying an additional 430 shares during the last quarter. Western Pacific Wealth Management LP bought a new position in Johnson Controls International in the third quarter worth approximately $44,000. Finally, Hexagon Capital Partners LLC boosted its stake in shares of Johnson Controls International by 39.7% during the 2nd quarter. Hexagon Capital Partners LLC now owns 711 shares of the company’s stock worth $47,000 after acquiring an additional 202 shares during the last quarter. Hedge funds and other institutional investors own 90.05% of the company’s stock.

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.