Johnson Controls International (NYSE:JCI) Rating Lowered to “Hold” at Melius

Johnson Controls International (NYSE:JCI) was downgraded by equities researchers at Melius from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday, MarketBeat.com reports. They presently have a $95.00 price objective on the stock. Melius’ price target points to a potential upside of 24.40% from the stock’s current price.

A number of other equities analysts have also recently issued reports on JCI. JPMorgan Chase & Co. reduced their price target on shares of Johnson Controls International from $88.00 to $87.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 15th. Citigroup lowered their price target on Johnson Controls International from $85.00 to $84.00 and set a “neutral” rating for the company in a report on Monday, January 13th. Royal Bank of Canada lifted their price objective on Johnson Controls International from $81.00 to $86.00 and gave the company a “sector perform” rating in a report on Thursday, November 7th. Oppenheimer boosted their price objective on shares of Johnson Controls International from $86.00 to $87.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Finally, Wells Fargo & Company cut their price target on Johnson Controls International from $95.00 to $92.00 and set an “overweight” rating on the stock in a report on Tuesday, January 7th. Eleven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, Johnson Controls International currently has an average rating of “Hold” and an average price target of $84.00.

Johnson Controls International Price Performance

Shares of JCI stock opened at $76.37 on Tuesday. The company has a quick ratio of 0.79, a current ratio of 0.94 and a debt-to-equity ratio of 0.46. The firm has a market cap of $50.41 billion, a price-to-earnings ratio of 30.06, a PEG ratio of 2.35 and a beta of 1.32. The stock has a 50-day moving average price of $81.34 and a 200 day moving average price of $76.44. Johnson Controls International has a 12 month low of $52.02 and a 12 month high of $87.16.

Insider Activity

In other news, CEO George Oliver sold 224,152 shares of Johnson Controls International stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $82.72, for a total value of $18,541,853.44. Following the completion of the transaction, the chief executive officer now directly owns 1,166,992 shares of the company’s stock, valued at approximately $96,533,578.24. This trade represents a 16.11 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Marlon Sullivan sold 7,230 shares of the firm’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $83.35, for a total value of $602,620.50. Following the sale, the executive vice president now directly owns 32,246 shares of the company’s stock, valued at $2,687,704.10. This represents a 18.31 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 647,787 shares of company stock valued at $53,972,452. Company insiders own 0.69% of the company’s stock.

Hedge Funds Weigh In On Johnson Controls International

Institutional investors and 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% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,391,562 shares of the company’s stock worth $418,439,000 after buying an additional 4,514,792 shares during the last quarter. Fisher Asset Management LLC lifted its position in Johnson Controls International by 3.4% in the 3rd quarter. Fisher Asset Management LLC now owns 15,295,506 shares of the company’s stock valued at $1,187,084,000 after acquiring an additional 509,293 shares in the last quarter. Janney Montgomery Scott LLC acquired a new position in Johnson Controls International during the 4th quarter valued at about $32,609,000. Worldquant Millennium Advisors LLC bought a new stake in Johnson Controls International during the 3rd quarter worth approximately $25,065,000. Finally, State Street Corp raised its stake in shares of Johnson Controls International by 1.1% in the third quarter. State Street Corp now owns 27,939,766 shares of the company’s stock worth $2,178,595,000 after purchasing an additional 300,712 shares during the last quarter. Institutional investors own 90.05% of the company’s stock.

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.