Johnson Controls International (NYSE:JCI) Downgraded by StockNews.com to “Hold”

StockNews.com lowered shares of Johnson Controls International (NYSE:JCI) from a buy rating to a hold rating in a research report report published on Tuesday.

A number of other equities research analysts also recently weighed in on JCI. The Goldman Sachs Group lifted their price target on shares of Johnson Controls International from $73.00 to $81.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Oppenheimer upped their target price on shares of Johnson Controls International from $86.00 to $87.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Mizuho raised their price target on shares of Johnson Controls International from $62.00 to $75.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. Barclays lifted their price objective on Johnson Controls International from $62.00 to $64.00 and gave the company an “equal weight” rating in a report on Wednesday, October 2nd. Finally, Bank of America increased their target price on Johnson Controls International from $80.00 to $95.00 and gave the stock a “buy” rating in a report on Friday, September 27th. Twelve equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $75.64.

Johnson Controls International Price Performance

Shares of JCI stock opened at $85.16 on Tuesday. Johnson Controls International has a 12 month low of $50.60 and a 12 month high of $87.16. The company has a market capitalization of $56.89 billion, a P/E ratio of 33.53, a P/E/G ratio of 2.42 and a beta of 1.29. The stock has a 50 day moving average of $75.60 and a two-hundred day moving average of $71.18. The company has a current ratio of 0.94, a quick ratio of 0.79 and a debt-to-equity ratio of 0.46.

Johnson Controls International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Wednesday, September 25th were given a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 1.74%. The ex-dividend date was Wednesday, September 25th. Johnson Controls International’s payout ratio is presently 58.27%.

Insider Transactions at Johnson Controls International

In related news, CEO George Oliver sold 110,615 shares of the firm’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 sale, the chief executive officer now owns 1,243,751 shares of the company’s stock, valued at $90,383,385.17. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CEO George Oliver sold 110,615 shares of the firm’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $72.67, for a total value of $8,038,392.05. Following the transaction, the chief executive officer now owns 1,243,751 shares in the company, valued at $90,383,385.17. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction 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 Johnson Controls International stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $77.08, for a total value of $231,240.00. Following the completion of the sale, the chief operating officer now owns 140,488 shares of the company’s stock, valued at approximately $10,828,815.04. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 226,141 shares of company stock worth $16,904,519. Corporate insiders own 0.69% of the company’s stock.

Hedge Funds Weigh In On Johnson Controls International

Several large investors have recently bought and sold shares of the business. Fortitude Family Office LLC raised 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 acquiring an additional 278 shares during the last quarter. Continuum Advisory LLC lifted its stake in Johnson Controls International by 65.2% in 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 period. Wolff Wiese Magana LLC lifted its stake in Johnson Controls International by 977.3% in 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 period. Western Pacific Wealth Management LP bought a new position in Johnson Controls International during the third quarter worth about $44,000. Finally, Hexagon Capital Partners LLC grew its position 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 buying an additional 202 shares during the period. 90.05% of the stock is currently 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.