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

Johnson Controls International (NYSE:JCI) was downgraded by research analysts at Melius from a “buy” rating to a “hold” rating in a research note issued to investors on Tuesday, MarketBeat.com reports. They presently have a $95.00 target price on the stock. Melius’ price objective would suggest a potential upside of 23.38% from the stock’s current price.

A number of other research analysts also recently commented on JCI. JPMorgan Chase & Co. lowered their target price on Johnson Controls International from $88.00 to $87.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 15th. Oppenheimer boosted their price target on Johnson Controls International from $86.00 to $87.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Wells Fargo & Company cut their price objective on shares of Johnson Controls International from $95.00 to $92.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 7th. StockNews.com downgraded shares of Johnson Controls International from a “buy” rating to a “hold” rating in a research report on Wednesday, November 20th. Finally, Argus upgraded shares of Johnson Controls International from a “hold” rating to a “buy” rating and set a $88.00 price target on the stock in a report on Friday, December 20th. Eleven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $83.31.

Johnson Controls International Trading Down 5.6 %

Shares of NYSE:JCI opened at $77.00 on Tuesday. The firm has a fifty day moving average of $81.62 and a two-hundred day moving average of $76.34. 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 has a 12-month low of $52.02 and a 12-month high of $87.16. The firm has a market capitalization of $50.83 billion, a P/E ratio of 30.31, a price-to-earnings-growth ratio of 2.35 and a beta of 1.32.

Insider Transactions at Johnson Controls International

In related news, CEO George Oliver sold 110,616 shares of the business’s stock in a transaction 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 transaction, the chief executive officer now owns 1,244,617 shares of the company’s stock, valued at approximately $105,294,598.20. The trade was a 8.16 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Marlon Sullivan sold 7,230 shares of the company’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $83.35, for a total transaction of $602,620.50. Following the transaction, the executive vice president now 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 disclosure for this sale can be found here. Insiders sold a total of 647,787 shares of company stock worth $53,972,452 over the last three months. 0.69% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Johnson Controls International

Hedge funds have recently made changes to their positions in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Johnson Controls International by 514.9% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,391,562 shares of the company’s stock valued at $418,439,000 after acquiring an additional 4,514,792 shares in the last quarter. Fisher Asset Management LLC increased its position in shares of Johnson Controls International by 3.4% during the third 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. Janney Montgomery Scott LLC acquired a new position in shares of Johnson Controls International in the fourth quarter valued at $32,609,000. Worldquant Millennium Advisors LLC bought a new position in Johnson Controls International in the third quarter worth $25,065,000. Finally, State Street Corp boosted its stake in Johnson Controls International by 1.1% during the third quarter. State Street Corp now owns 27,939,766 shares of the company’s stock worth $2,178,595,000 after buying an additional 300,712 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.