Johnson Controls International (NYSE:JCI) Stock Rating Lowered by StockNews.com

StockNews.com lowered shares of Johnson Controls International (NYSE:JCI) from a buy rating to a hold rating in a research note published on Wednesday.

Other equities research analysts also recently issued reports about the company. UBS Group began coverage on Johnson Controls International in a report on Wednesday, November 13th. They set a “neutral” rating and a $90.00 target price on the stock. Royal Bank of Canada increased 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. Wells Fargo & Company lifted their price objective on Johnson Controls International from $84.00 to $90.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. Oppenheimer increased their price objective on shares of Johnson Controls International from $86.00 to $87.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Finally, Mizuho boosted their target price on shares of Johnson Controls International from $62.00 to $75.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. Twelve equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $77.21.

Johnson Controls International Stock Performance

Shares of JCI stock opened at $82.98 on Wednesday. The company has a current ratio of 0.94, a quick ratio of 0.79 and a debt-to-equity ratio of 0.46. The company has a market cap of $55.43 billion, a PE ratio of 32.67, a P/E/G ratio of 2.33 and a beta of 1.29. The company’s fifty day simple moving average is $77.65 and its 200-day simple moving average is $72.16. Johnson Controls International has a 52 week low of $51.70 and a 52 week high of $87.16.

Johnson Controls International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Wednesday, September 25th were issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 1.78%. The ex-dividend date of this dividend was Wednesday, September 25th. Johnson Controls International’s dividend payout ratio (DPR) is 58.27%.

Insider Transactions at Johnson Controls International

In other Johnson Controls International news, CEO George Oliver sold 110,616 shares of the stock in a transaction on Friday, November 15th. The stock was sold at an average price of $84.60, for a total transaction of $9,358,113.60. Following the completion of the transaction, the chief executive officer now directly owns 1,244,617 shares of the company’s stock, valued at approximately $105,294,598.20. This trade represents a 8.16 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Nathan D. Manning sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $77.08, for a total value of $231,240.00. Following the transaction, the chief operating officer now directly owns 140,488 shares of the company’s stock, valued at $10,828,815.04. This represents a 2.09 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 336,943 shares of company stock valued at $26,278,184. 0.69% of the stock is currently owned by corporate insiders.

Institutional Trading of Johnson Controls International

Large investors have recently added to or reduced their stakes in the business. State Street Corp boosted its stake in shares of Johnson Controls International by 1.1% during the 3rd quarter. State Street Corp now owns 27,939,766 shares of the company’s stock worth $2,178,595,000 after acquiring an additional 300,712 shares in the last quarter. Fisher Asset Management LLC boosted its position in shares of Johnson Controls International by 3.4% in the 3rd quarter. Fisher Asset Management LLC now owns 15,295,506 shares of the company’s stock valued at $1,187,084,000 after purchasing an additional 509,293 shares during the period. Capital World Investors increased its stake in Johnson Controls International by 85.5% in the 1st quarter. Capital World Investors now owns 14,142,736 shares of the company’s stock worth $923,804,000 after purchasing an additional 6,520,580 shares in the last quarter. Geode Capital Management LLC raised its holdings in Johnson Controls International by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 13,475,260 shares of the company’s stock worth $1,041,822,000 after buying an additional 71,493 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in Johnson Controls International by 8.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 5,855,075 shares of the company’s stock worth $389,214,000 after buying an additional 479,548 shares during the period. 90.05% of the stock is currently owned by institutional investors.

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.