Johnson Controls International (NYSE:JCI) Downgraded by StockNews.com to “Hold”

StockNews.com cut shares of Johnson Controls International (NYSE:JCI) from a buy rating to a hold rating in a report published on Saturday.

A number of other research firms also recently commented on JCI. Oppenheimer increased their price objective on shares of Johnson Controls International from $79.00 to $86.00 and gave the company an “outperform” rating in a report on Wednesday, October 2nd. Bank of America increased their price target on Johnson Controls International from $80.00 to $95.00 and gave the company a “buy” rating in a report on Friday, September 27th. The Goldman Sachs Group upped their target price on Johnson Controls International from $73.00 to $81.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Mizuho lifted their price target on Johnson Controls International from $62.00 to $75.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th. Finally, Robert W. Baird upped their price objective on shares of Johnson Controls International from $72.00 to $78.00 and gave the company a “neutral” rating in a report on Thursday, August 1st. Twelve investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Johnson Controls International currently has a consensus rating of “Hold” and a consensus target price of $73.43.

Johnson Controls International Price Performance

Shares of Johnson Controls International stock opened at $76.74 on Friday. The stock has a market capitalization of $51.26 billion, a P/E ratio of 32.11, a PEG ratio of 2.19 and a beta of 1.29. The business has a 50 day simple moving average of $73.95 and a two-hundred day simple moving average of $70.04. Johnson Controls International has a 12 month low of $48.08 and a 12 month high of $78.23. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.96 and a quick ratio of 0.73.

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

Johnson Controls International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Wednesday, September 25th were given a dividend of $0.37 per share. The ex-dividend date of this dividend was Wednesday, September 25th. This represents a $1.48 annualized dividend and a dividend yield of 1.93%. Johnson Controls International’s dividend payout ratio is currently 61.92%.

Insider Buying and Selling

In other Johnson Controls International news, COO Nathan D. Manning sold 3,000 shares of the business’s stock in a transaction dated Tuesday, October 1st. The shares were 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. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, COO Nathan D. Manning sold 1,167 shares of the business’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $70.71, for a total transaction of $82,518.57. Following the completion of the transaction, the chief operating officer now directly owns 103,866 shares of the company’s stock, valued at $7,344,364.86. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Nathan D. Manning sold 3,000 shares of the 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 completion of the sale, the chief operating officer now directly owns 140,488 shares in the company, valued at $10,828,815.04. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 227,494 shares of company stock valued at $16,999,239. Corporate insiders own 0.69% of the company’s stock.

Institutional Trading of Johnson Controls International

A number of large investors have recently made changes to their positions in JCI. Fortitude Family Office LLC increased its position in shares of Johnson Controls International by 195.8% in the 3rd quarter. Fortitude Family Office LLC now owns 420 shares of the company’s stock valued at $33,000 after purchasing an additional 278 shares during the last quarter. Continuum Advisory LLC raised its stake in Johnson Controls International by 65.2% in the second quarter. Continuum Advisory LLC now owns 527 shares of the company’s stock valued at $35,000 after buying an additional 208 shares in the last quarter. Wolff Wiese Magana LLC lifted its holdings in Johnson Controls International by 977.3% during the 3rd quarter. Wolff Wiese Magana LLC now owns 474 shares of the company’s stock worth $37,000 after buying an additional 430 shares during the last quarter. Hexagon Capital Partners LLC boosted its position in shares of Johnson Controls International by 39.7% during the 2nd quarter. Hexagon Capital Partners LLC now owns 711 shares of the company’s stock worth $47,000 after acquiring an additional 202 shares in the last quarter. Finally, Friedenthal Financial acquired a new position in shares of Johnson Controls International during the 2nd quarter worth about $47,000. 90.05% of the stock is currently owned by hedge funds and other institutional investors.

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.