Johnson Controls International (NYSE:JCI) Rating Lowered to “Hold” at StockNews.com

StockNews.com cut shares of Johnson Controls International (NYSE:JCI) from a buy rating to a hold rating in a research note released on Tuesday morning.

Other research analysts have also issued research reports about the company. Wells Fargo & Company increased their price objective on Johnson Controls International from $84.00 to $90.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. Bank of America increased their price objective on Johnson Controls International from $80.00 to $95.00 and gave the company a “buy” rating in a report on Friday, September 27th. Barclays increased 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. Mizuho raised their target price on Johnson Controls International from $62.00 to $75.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. Finally, Royal Bank of Canada raised their target price on Johnson Controls International from $81.00 to $86.00 and gave the company a “sector perform” rating in a report on Thursday, November 7th. Twelve research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Johnson Controls International presently has a consensus rating of “Hold” and an average target price of $77.21.

Johnson Controls International Stock Performance

Shares of NYSE JCI opened at $85.12 on Tuesday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.79 and a current ratio of 0.94. The firm has a market cap of $56.86 billion, a price-to-earnings ratio of 33.51, a P/E/G ratio of 2.39 and a beta of 1.29. The business’s 50-day simple moving average is $76.20 and its 200-day simple moving average is $71.42. Johnson Controls International has a 52 week low of $51.40 and a 52 week high of $87.16.

Johnson Controls International Announces Dividend

The firm 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. The ex-dividend date of this dividend was Wednesday, September 25th. This represents a $1.48 annualized dividend and a yield of 1.74%. Johnson Controls International’s payout ratio is 58.27%.

Insider Activity

In other news, COO Nathan D. Manning sold 1,167 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $72.75, for a total value of $84,899.25. Following the sale, the chief operating officer now directly owns 143,488 shares in the company, valued at $10,438,752. The trade was a 0.81 % 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. Also, CEO George Oliver sold 110,615 shares of the company’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $76.79, for a total value of $8,494,125.85. Following the sale, the chief executive officer now owns 1,243,751 shares in the company, valued at $95,507,639.29. The trade was a 8.17 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 226,141 shares of company stock valued at $16,904,519. Company insiders own 0.69% of the company’s stock.

Hedge Funds Weigh In On Johnson Controls International

Institutional investors have recently bought and sold shares of the business. Fortitude Family Office LLC increased its position in Johnson Controls International by 195.8% during the third quarter. Fortitude Family Office LLC now owns 420 shares of the company’s stock worth $33,000 after buying an additional 278 shares during the last quarter. Wolff Wiese Magana LLC lifted its stake in Johnson Controls International by 977.3% during the third quarter. Wolff Wiese Magana LLC now owns 474 shares of the company’s stock worth $37,000 after purchasing an additional 430 shares during the last quarter. Continuum Advisory LLC lifted its stake in Johnson Controls International by 65.2% during the second quarter. Continuum Advisory LLC now owns 527 shares of the company’s stock worth $35,000 after purchasing an additional 208 shares during the last quarter. Western Pacific Wealth Management LP bought a new stake in Johnson Controls International during the third quarter worth $44,000. Finally, Friedenthal Financial bought a new stake in Johnson Controls International during the second quarter worth $47,000. Institutional investors and hedge funds 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.