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

Johnson Controls International (NYSE:JCI) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a report released on Tuesday.

A number of other equities analysts also recently weighed in on the stock. Royal Bank of Canada boosted their target price on shares of Johnson Controls International from $81.00 to $86.00 and gave the stock a “sector perform” rating in a report on Thursday, November 7th. Morgan Stanley assumed coverage on shares of Johnson Controls International in a report on Friday, September 6th. They issued an “overweight” rating and a $85.00 price objective on the stock. Oppenheimer upped their price objective on shares of Johnson Controls International from $86.00 to $87.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Wells Fargo & Company upped their price objective 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. Finally, Robert W. Baird upped their price target on shares of Johnson Controls International from $80.00 to $85.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Twelve investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $75.64.

Johnson Controls International Stock Performance

Shares of JCI opened at $86.60 on Tuesday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.73 and a current ratio of 0.94. Johnson Controls International has a twelve month low of $50.60 and a twelve month high of $87.16. The firm’s 50 day moving average price is $75.32 and its two-hundred day moving average price is $71.02. The firm has a market cap of $57.85 billion, a P/E ratio of 34.09, a PEG ratio of 2.46 and a beta of 1.29.

Insider Transactions at Johnson Controls International

In related news, COO Nathan D. Manning sold 1,167 shares of the 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 trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, COO Nathan D. Manning sold 1,167 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $72.75, for a total value of $84,899.25. Following the sale, the chief operating officer now directly owns 143,488 shares in the company, valued at approximately $10,438,752. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO George Oliver sold 110,615 shares of the business’s stock in a transaction dated 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 completion of the sale, the chief executive officer now owns 1,243,751 shares in the company, valued at $90,383,385.17. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 226,141 shares of company stock valued at $16,904,519 in the last quarter. 0.69% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Fortitude Family Office LLC boosted its stake in Johnson Controls International by 195.8% in the third quarter. Fortitude Family Office LLC now owns 420 shares of the company’s stock worth $33,000 after buying an additional 278 shares in the last quarter. Continuum Advisory LLC boosted its stake in shares of Johnson Controls International by 65.2% during the second quarter. Continuum Advisory LLC now owns 527 shares of the company’s stock valued at $35,000 after purchasing an additional 208 shares during the period. Wolff Wiese Magana LLC boosted its stake in shares of Johnson Controls International by 977.3% during the third quarter. Wolff Wiese Magana LLC now owns 474 shares of the company’s stock valued at $37,000 after purchasing an additional 430 shares during the period. Western Pacific Wealth Management LP purchased a new stake in shares of Johnson Controls International during the third quarter valued at approximately $44,000. Finally, Hexagon Capital Partners LLC boosted its stake in shares of Johnson Controls International by 39.7% during the second quarter. Hexagon Capital Partners LLC now owns 711 shares of the company’s stock valued at $47,000 after purchasing an additional 202 shares during the period. 90.05% of the stock is currently 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.