Johnson Controls International (NYSE:JCI) Upgraded at StockNews.com

StockNews.com upgraded shares of Johnson Controls International (NYSE:JCI) from a hold rating to a buy rating in a research report sent to investors on Monday.

A number of other equities analysts have also weighed in on the company. Morgan Stanley assumed coverage on Johnson Controls International in a research report on Friday, September 6th. They issued an “overweight” rating and a $85.00 price target for the company. Oppenheimer lifted their target price on shares of Johnson Controls International from $79.00 to $86.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 2nd. Wells Fargo & Company boosted their price target on shares of Johnson Controls International from $80.00 to $84.00 and gave the company an “overweight” rating in a report on Monday, October 7th. Bank of America raised their price objective on shares of Johnson Controls International from $80.00 to $95.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. Finally, Mizuho boosted their target price on shares of Johnson Controls International from $62.00 to $75.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th. Eleven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, Johnson Controls International presently has a consensus rating of “Hold” and a consensus target price of $73.43.

Johnson Controls International Price Performance

Shares of NYSE:JCI opened at $81.49 on Monday. The company has a market capitalization of $54.44 billion, a PE ratio of 34.10, a price-to-earnings-growth ratio of 2.12 and a beta of 1.29. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.73 and a current ratio of 0.96. The stock has a fifty day moving average of $74.87 and a 200-day moving average of $70.72. Johnson Controls International has a one year low of $50.00 and a one year high of $81.98.

Johnson Controls International Announces Dividend

The firm also recently announced 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 1.82%. The ex-dividend date of this dividend was Wednesday, September 25th. Johnson Controls International’s dividend payout ratio is 61.92%.

Insider Transactions at Johnson Controls International

In related news, COO Nathan D. Manning sold 1,167 shares of the company’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $72.75, for a total value of $84,899.25. Following the completion of the sale, the chief operating officer now directly owns 143,488 shares in the company, valued at approximately $10,438,752. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other news, CEO George Oliver sold 110,615 shares of the business’s stock in a transaction 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 directly owns 1,243,751 shares in the company, valued at approximately $90,383,385.17. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Nathan D. Manning sold 1,167 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $72.75, for a total transaction of $84,899.25. Following the completion of the transaction, the chief operating officer now owns 143,488 shares in the company, valued at $10,438,752. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 226,141 shares of company stock worth $16,904,519 in the last 90 days. 0.69% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. 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 acquiring an additional 278 shares during the period. Wolff Wiese Magana LLC lifted its holdings in shares of 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 acquiring an additional 430 shares during the period. Continuum Advisory LLC lifted its holdings in Johnson Controls International by 65.2% during the 2nd quarter. Continuum Advisory LLC now owns 527 shares of the company’s stock valued at $35,000 after purchasing an additional 208 shares during the last quarter. Western Pacific Wealth Management LP bought a new position in shares of Johnson Controls International in the third quarter valued at approximately $44,000. Finally, Friedenthal Financial acquired a new position in Johnson Controls International in the second quarter worth $47,000. Institutional investors and hedge funds 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.