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

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

JCI has been the subject of several other reports. Robert W. Baird boosted their price target on Johnson Controls International from $80.00 to $85.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Bank of America upped their target price on Johnson Controls International from $80.00 to $95.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. Barclays upped their price target on shares of Johnson Controls International from $62.00 to $64.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 2nd. Royal Bank of Canada upped their price target on shares of Johnson Controls International from $81.00 to $86.00 and gave the stock a “sector perform” rating in a report on Thursday, November 7th. Finally, Oppenheimer upped their price target on shares of Johnson Controls International from $86.00 to $87.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Twelve research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $77.21.

Johnson Controls International Trading Down 0.9 %

Shares of NYSE:JCI opened at $84.40 on Tuesday. Johnson Controls International has a 12-month low of $51.40 and a 12-month high of $87.16. The stock has a market cap of $56.38 billion, a PE ratio of 33.46, a P/E/G ratio of 2.39 and a beta of 1.29. The business has a 50 day moving average of $76.51 and a 200-day moving average of $71.51. The company has a quick ratio of 0.79, a current ratio of 0.94 and a debt-to-equity ratio of 0.46.

Johnson Controls International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Wednesday, September 25th were paid a $0.37 dividend. The ex-dividend date of this dividend was Wednesday, September 25th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.75%. Johnson Controls International’s payout ratio is presently 58.27%.

Insider Transactions at Johnson Controls International

In related news, COO Nathan D. Manning sold 3,000 shares of Johnson Controls International stock in a transaction that occurred 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 of the company’s stock, valued at approximately $10,828,815.04. The trade was a 2.09 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO George Oliver sold 110,615 shares of Johnson Controls International stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $72.67, for a total transaction of $8,038,392.05. Following the completion of the sale, the chief executive officer now directly owns 1,243,751 shares in the company, valued at $90,383,385.17. This trade represents a 8.17 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 226,141 shares of company stock worth $16,904,519 in the last 90 days. Insiders own 0.69% of the company’s stock.

Institutional Investors Weigh In On Johnson Controls International

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Metis Global Partners LLC raised its holdings in Johnson Controls International by 0.4% during the 3rd quarter. Metis Global Partners LLC now owns 28,446 shares of the company’s stock valued at $2,208,000 after acquiring an additional 127 shares during the period. Brooklyn Investment Group grew its position in shares of Johnson Controls International by 3.5% during the 3rd quarter. Brooklyn Investment Group now owns 4,309 shares of the company’s stock valued at $334,000 after purchasing an additional 144 shares in the last quarter. Summit Trail Advisors LLC grew 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 valued at $248,000 after purchasing an additional 163 shares in the last quarter. Miracle Mile Advisors LLC grew its position in shares of 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 in the last quarter. Finally, Berry Wealth Group LP grew its position in shares of Johnson Controls International by 0.7% during the 3rd quarter. Berry Wealth Group LP now owns 25,978 shares of the company’s stock valued at $2,016,000 after purchasing an additional 177 shares in the last quarter. Institutional investors own 90.05% of the company’s stock.

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.