Johnson Controls International (NYSE:JCI) Stock Rating Lowered by Melius

Melius downgraded shares of Johnson Controls International (NYSE:JCI) from a buy rating to a hold rating in a research report report published on Tuesday, Marketbeat.com reports. The firm currently has $95.00 target price on the stock.

A number of other equities research analysts also recently weighed in on JCI. StockNews.com downgraded shares of Johnson Controls International from a “buy” rating to a “hold” rating in a report on Wednesday, November 20th. Barclays upped their price target on shares of Johnson Controls International from $75.00 to $83.00 and gave the company an “equal weight” rating in a report on Thursday, December 5th. Wells Fargo & Company cut their price target on shares of Johnson Controls International from $95.00 to $92.00 and set an “overweight” rating for the company in a report on Tuesday, January 7th. Argus raised shares of Johnson Controls International from a “hold” rating to a “buy” rating and set a $88.00 price target for the company in a report on Friday, December 20th. Finally, JPMorgan Chase & Co. cut their price target on shares of Johnson Controls International from $88.00 to $87.00 and set an “overweight” rating for the company in a report on Wednesday, January 15th. Eleven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $84.00.

Johnson Controls International Stock Performance

Shares of JCI opened at $76.18 on Tuesday. Johnson Controls International has a 52-week low of $52.02 and a 52-week high of $87.16. The company has a quick ratio of 0.79, a current ratio of 0.94 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $50.29 billion, a PE ratio of 29.99, a P/E/G ratio of 2.35 and a beta of 1.32. The firm has a 50-day moving average price of $81.48 and a 200 day moving average price of $76.39.

Johnson Controls International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Monday, December 23rd were given a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.94%. The ex-dividend date was Monday, December 23rd. 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 stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $83.35, for a total value of $602,620.50. Following the transaction, the executive vice president now owns 32,246 shares in the company, valued at approximately $2,687,704.10. This represents a 18.31 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO George Oliver sold 110,616 shares of the stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $84.60, for a total value of $9,358,113.60. Following the completion of the transaction, the chief executive officer now owns 1,244,617 shares in the company, valued at $105,294,598.20. This represents a 8.16 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 647,787 shares of company stock worth $53,972,452. Insiders own 0.69% of the company’s stock.

Hedge Funds Weigh In On Johnson Controls International

Hedge funds have recently added to or reduced their stakes in the company. Compass Financial Services Inc acquired a new position in Johnson Controls International during the fourth quarter valued at approximately $26,000. Fortitude Family Office LLC grew its holdings in Johnson Controls International by 195.8% during the third quarter. Fortitude Family Office LLC now owns 420 shares of the company’s stock valued at $33,000 after purchasing an additional 278 shares during the last quarter. Wolff Wiese Magana LLC grew its holdings in 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 purchasing an additional 430 shares during the last quarter. Synergy Asset Management LLC acquired a new position in Johnson Controls International during the fourth quarter valued at approximately $42,000. Finally, ST Germain D J Co. Inc. grew its holdings in Johnson Controls International by 32.8% during the fourth quarter. ST Germain D J Co. Inc. now owns 543 shares of the company’s stock valued at $43,000 after purchasing an additional 134 shares during the last quarter. 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.