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

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

Other equities analysts also recently issued reports about the company. Barclays lifted their target price on Johnson Controls International from $62.00 to $64.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 2nd. Wells Fargo & Company lifted their target price on Johnson Controls International from $80.00 to $84.00 and gave the company an “overweight” rating in a research report on Monday, October 7th. Royal Bank of Canada raised Johnson Controls International from an “underperform” rating to a “sector perform” rating and lifted their target price for the company from $61.00 to $69.00 in a research report on Wednesday, August 14th. Robert W. Baird lifted their target price on Johnson Controls International from $72.00 to $78.00 and gave the company a “neutral” rating in a research report on Thursday, August 1st. Finally, Morgan Stanley started coverage on Johnson Controls International in a research report on Friday, September 6th. They issued an “overweight” rating and a $85.00 target price for the company. Twelve equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $72.50.

Johnson Controls International Stock Up 0.9 %

NYSE JCI opened at $77.60 on Thursday. Johnson Controls International has a 52 week low of $47.90 and a 52 week high of $78.23. The company has a quick ratio of 0.73, a current ratio of 0.96 and a debt-to-equity ratio of 0.46. The business’s fifty day simple moving average is $72.08 and its 200-day simple moving average is $69.18. The firm has a market cap of $52.28 billion, a PE ratio of 31.42, a P/E/G ratio of 2.11 and a beta of 1.29.

Johnson Controls International (NYSE:JCI) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $1.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.08 by $0.06. The firm had revenue of $7.23 billion during the quarter, compared to the consensus estimate of $7.53 billion. Johnson Controls International had a return on equity of 13.64% and a net margin of 6.02%. The company’s quarterly revenue was up 1.4% on a year-over-year basis. During the same period last year, the company earned $1.03 EPS. As a group, equities analysts anticipate that Johnson Controls International will post 3.68 earnings per share for the current year.

Insider Transactions at Johnson Controls International

In other news, COO Nathan D. Manning sold 1,167 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $72.75, for a total transaction of $84,899.25. Following the completion of the sale, the chief operating officer now owns 143,488 shares in the company, valued at $10,438,752. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, CEO George Oliver sold 110,615 shares of the company’s stock in a transaction 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 owns 1,243,751 shares of the company’s stock, valued at $90,383,385.17. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Nathan D. Manning sold 1,167 shares of the company’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $72.75, for a total value of $84,899.25. Following the transaction, the chief operating officer now directly owns 143,488 shares in the company, valued at $10,438,752. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 116,879 shares of company stock worth $8,503,656 over the last 90 days. 0.69% of the stock is currently owned by insiders.

Institutional Trading of Johnson Controls International

Several large investors have recently bought and sold shares of the company. Rise Advisors LLC purchased a new stake in shares of Johnson Controls International in the first quarter valued at $25,000. Continuum Advisory LLC lifted its position in Johnson Controls International by 65.2% during the second quarter. Continuum Advisory LLC now owns 527 shares of the company’s stock worth $35,000 after buying an additional 208 shares during the period. Hexagon Capital Partners LLC lifted its position in Johnson Controls International by 39.7% during the second quarter. Hexagon Capital Partners LLC now owns 711 shares of the company’s stock worth $47,000 after buying an additional 202 shares during the period. Friedenthal Financial purchased a new position in Johnson Controls International during the second quarter worth about $47,000. Finally, Centerpoint Advisors LLC lifted its position in Johnson Controls International by 126.8% during the first quarter. Centerpoint Advisors LLC now owns 737 shares of the company’s stock worth $48,000 after buying an additional 412 shares during the period. Institutional investors and hedge funds 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.