Wells Fargo & Company Cuts Johnson Controls International (NYSE:JCI) Price Target to $92.00

Johnson Controls International (NYSE:JCI) had its price target reduced by Wells Fargo & Company from $95.00 to $92.00 in a report issued on Tuesday morning,Benzinga reports. They currently have an overweight rating on the stock.

A number of other research analysts have also commented on the company. Royal Bank of Canada raised their price target 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. StockNews.com downgraded shares of Johnson Controls International from a “buy” rating to a “hold” rating in a research report on Wednesday, November 20th. UBS Group began coverage on shares of Johnson Controls International in a report on Wednesday, November 13th. They issued a “neutral” rating and a $90.00 price objective for the company. Mizuho boosted their target price on Johnson Controls International from $62.00 to $75.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th. Finally, Argus upgraded Johnson Controls International from a “hold” rating to a “buy” rating and set a $88.00 target price for the company in a research report on Friday, December 20th. Ten research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $81.07.

Johnson Controls International Stock Up 1.1 %

JCI opened at $80.06 on Tuesday. The stock’s 50 day moving average price is $81.83 and its 200 day moving average price is $75.15. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.94 and a quick ratio of 0.79. The stock has a market cap of $53.01 billion, a P/E ratio of 31.52, a P/E/G ratio of 2.31 and a beta of 1.32. Johnson Controls International has a 12 month low of $51.71 and a 12 month high of $87.16.

Johnson Controls International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Monday, December 23rd will be given a $0.37 dividend. The ex-dividend date of this dividend is Monday, December 23rd. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.85%. Johnson Controls International’s dividend payout ratio (DPR) is 58.27%.

Insider Buying and Selling

In related news, EVP Marlon Sullivan sold 7,230 shares of the business’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $83.35, for a total transaction of $602,620.50. Following the transaction, the executive vice president now directly owns 32,246 shares of the company’s stock, valued at approximately $2,687,704.10. The trade was a 18.31 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO George Oliver sold 110,615 shares of the business’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $76.79, for a total transaction of $8,494,125.85. Following the transaction, the chief executive officer now owns 1,243,751 shares in the company, valued at approximately $95,507,639.29. This represents a 8.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 758,588 shares of company stock valued at $62,480,987. 0.69% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of JCI. Metis Global Partners LLC boosted its stake in shares of Johnson Controls International by 0.4% during the 3rd quarter. Metis Global Partners LLC now owns 28,446 shares of the company’s stock worth $2,208,000 after acquiring an additional 127 shares in the last quarter. Fulton Bank N.A. boosted its holdings in Johnson Controls International by 1.2% during the fourth quarter. Fulton Bank N.A. now owns 11,845 shares of the company’s stock valued at $935,000 after acquiring an additional 139 shares during the period. Brooklyn Investment Group grew its position in shares of Johnson Controls International by 3.5% in the third quarter. Brooklyn Investment Group now owns 4,309 shares of the company’s stock valued at $334,000 after purchasing an additional 144 shares during the last quarter. Summit Trail Advisors LLC lifted its position in shares of Johnson Controls International by 4.6% during the 2nd quarter. Summit Trail Advisors LLC now owns 3,715 shares of the company’s stock worth $248,000 after purchasing an additional 163 shares during the last quarter. Finally, Miracle Mile Advisors LLC boosted its stake in Johnson Controls International by 1.0% during the 3rd quarter. Miracle Mile Advisors LLC now owns 17,011 shares of the company’s stock valued at $1,320,000 after purchasing an additional 163 shares during the period. 90.05% of the stock is owned by institutional investors and hedge funds.

About Johnson Controls International

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.