Johnson Controls International (NYSE:JCI) Given New $92.00 Price Target at Wells Fargo & Company

Johnson Controls International (NYSE:JCI) had its price target dropped by Wells Fargo & Company from $95.00 to $92.00 in a research note issued on Tuesday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Wells Fargo & Company‘s target price indicates a potential upside of 16.41% from the company’s current price.

A number of other equities research analysts also recently issued reports on the stock. Barclays increased their target price on shares of Johnson Controls International from $75.00 to $83.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 5th. Royal Bank of Canada upped their price target on shares of 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 cut Johnson Controls International from a “buy” rating to a “hold” rating in a research report on Wednesday, November 20th. Argus raised Johnson Controls International from a “hold” rating to a “buy” rating and set a $88.00 price objective for the company in a research report on Friday, December 20th. Finally, Robert W. Baird increased their price target on shares of Johnson Controls International from $80.00 to $85.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Ten investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, Johnson Controls International presently has an average rating of “Hold” and an average target price of $81.07.

Johnson Controls International Stock Performance

Shares of JCI traded down $0.24 during trading hours on Tuesday, reaching $79.03. 512,018 shares of the company’s stock traded hands, compared to its average volume of 1,595,744. The firm has a market capitalization of $52.33 billion, a price-to-earnings ratio of 31.11, a P/E/G ratio of 2.31 and a beta of 1.32. 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 business’s fifty day simple moving average is $81.62 and its two-hundred day simple moving average is $75.00. Johnson Controls International has a twelve month low of $51.71 and a twelve month high of $87.16.

Insiders Place Their Bets

In other Johnson Controls International news, EVP Marlon Sullivan sold 7,230 shares of the business’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $83.35, for a total value of $602,620.50. Following the completion of 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 legal filing with the SEC, which is accessible through this hyperlink. Also, CEO George Oliver sold 110,616 shares of the stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $84.60, for a total transaction of $9,358,113.60. Following the sale, the chief executive officer now directly owns 1,244,617 shares in the company, valued at $105,294,598.20. This trade represents a 8.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 758,588 shares of company stock valued at $62,480,987. 0.69% of the stock is currently owned by corporate insiders.

Institutional Trading of Johnson Controls International

Institutional investors have recently bought and sold shares of the business. Metis Global Partners LLC raised its holdings in shares of Johnson Controls International by 0.4% in the third quarter. Metis Global Partners LLC now owns 28,446 shares of the company’s stock valued at $2,208,000 after purchasing an additional 127 shares during the last quarter. Brooklyn Investment Group lifted its position in Johnson Controls International by 3.5% during the 3rd quarter. Brooklyn Investment Group now owns 4,309 shares of the company’s stock worth $334,000 after buying an additional 144 shares in the last quarter. Summit Trail Advisors LLC boosted its stake 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 buying an additional 163 shares during the last quarter. Miracle Mile Advisors LLC grew its holdings in shares of Johnson Controls International by 1.0% in the 3rd quarter. Miracle Mile Advisors LLC now owns 17,011 shares of the company’s stock valued at $1,320,000 after acquiring an additional 163 shares in the last quarter. Finally, Berry Wealth Group LP increased 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 worth $2,016,000 after purchasing an additional 177 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.