Johnson Controls International (NYSE:JCI) Rating Lowered to Hold at StockNews.com

Johnson Controls International (NYSE:JCI) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued to investors on Tuesday.

Several other brokerages also recently issued reports on JCI. Wells Fargo & Company upped their price target on shares of Johnson Controls International from $84.00 to $90.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. Mizuho raised their price target on Johnson Controls International from $62.00 to $75.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. Royal Bank of Canada upped their price objective on Johnson Controls International from $81.00 to $86.00 and gave the company a “sector perform” rating in a research report on Thursday, November 7th. Robert W. Baird lifted their price objective on Johnson Controls International from $80.00 to $85.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Finally, Barclays upped their target price on shares of Johnson Controls International from $62.00 to $64.00 and gave the company an “equal weight” rating in a report on Wednesday, October 2nd. Twelve research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $77.21.

Johnson Controls International Stock Up 0.6 %

JCI stock opened at $85.71 on Tuesday. Johnson Controls International has a 52 week low of $51.33 and a 52 week high of $87.16. 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 $57.26 billion, a P/E ratio of 33.74, a P/E/G ratio of 2.38 and a beta of 1.29. The company’s 50-day moving average price is $75.88 and its 200 day moving average price is $71.32.

Insider Buying and Selling

In related news, CEO George Oliver sold 110,615 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $72.67, for a total transaction of $8,038,392.05. Following the transaction, the chief executive officer now directly owns 1,243,751 shares of the company’s stock, valued at approximately $90,383,385.17. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Johnson Controls International news, COO Nathan D. Manning sold 3,000 shares of Johnson Controls International stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $77.08, for a total transaction of $231,240.00. Following the sale, the chief operating officer now directly owns 140,488 shares in the company, valued at $10,828,815.04. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO George Oliver sold 110,615 shares of the stock in a transaction that occurred 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 transaction, the chief executive officer now owns 1,243,751 shares of the company’s stock, valued at approximately $90,383,385.17. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 226,141 shares of company stock valued at $16,904,519. Company insiders own 0.69% of the company’s stock.

Institutional Trading of Johnson Controls International

Hedge funds and other institutional investors have recently bought and sold shares of the company. Capital World Investors lifted its holdings in shares of 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 during the last quarter. Barrow Hanley Mewhinney & Strauss LLC boosted its holdings in shares of Johnson Controls International by 686.4% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 4,445,418 shares of the company’s stock valued at $295,487,000 after acquiring an additional 3,880,146 shares during the period. M&G Plc bought a new position in shares of Johnson Controls International during the first quarter worth about $120,948,000. Toronto Dominion Bank grew its position in shares of Johnson Controls International by 413.5% during the first quarter. Toronto Dominion Bank now owns 1,935,465 shares of the company’s stock worth $126,425,000 after acquiring an additional 1,558,560 shares during the last quarter. Finally, Ceredex Value Advisors LLC acquired a new stake in shares of Johnson Controls International in the 2nd quarter worth about $73,881,000. 90.05% of the stock is 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.