Johnson Controls International (NYSE:JCI) Upgraded by StockNews.com to “Buy”

StockNews.com upgraded shares of Johnson Controls International (NYSE:JCI) from a hold rating to a buy rating in a research report released on Friday morning.

JCI has been the subject of several other reports. UBS Group downgraded Johnson Controls International from a buy rating to a neutral rating and reduced their price objective for the stock from $74.00 to $68.00 in a research report on Monday, May 6th. Wells Fargo & Company boosted their target price on shares of Johnson Controls International from $75.00 to $80.00 and gave the company an overweight rating in a research note on Thursday. Citigroup boosted their price target on shares of Johnson Controls International from $59.00 to $68.00 and gave the company a neutral rating in a report on Monday, April 8th. Barclays decreased their price objective on shares of Johnson Controls International from $62.00 to $61.00 and set an equal weight rating for the company in a report on Wednesday, July 10th. Finally, Royal Bank of Canada upped their price target on shares of Johnson Controls International from $54.00 to $61.00 and gave the company an underperform rating in a report on Thursday. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of Hold and a consensus target price of $67.69.

Johnson Controls International Trading Down 4.1 %

NYSE:JCI opened at $67.42 on Friday. The business’s 50-day moving average is $69.25 and its two-hundred day moving average is $64.31. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.96 and a quick ratio of 0.65. Johnson Controls International has a 12 month low of $47.90 and a 12 month high of $75.36. The firm has a market capitalization of $45.04 billion, a PE ratio of 27.30, a price-to-earnings-growth ratio of 1.79 and a beta of 1.28.

Johnson Controls International (NYSE:JCI) last announced its earnings results 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 business had revenue of $7.23 billion for the quarter, compared to analyst estimates 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 revenue for the quarter was up 1.4% compared to the same quarter last year. During the same period in the previous year, the company earned $1.03 earnings per share. Research analysts predict that Johnson Controls International will post 3.67 earnings per share for the current fiscal year.

Johnson Controls International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 19th. Shareholders of record on Monday, June 24th were given a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 2.20%. The ex-dividend date was Monday, June 24th. Johnson Controls International’s dividend payout ratio is 59.92%.

Insider Activity at Johnson Controls International

In other Johnson Controls International news, COO Nathan D. Manning sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $62.86, for a total value of $188,580.00. Following the completion of the transaction, the chief operating officer now owns 106,891 shares of the company’s stock, valued at approximately $6,719,168.26. The transaction was disclosed in a filing with the SEC, which is available through this link. In other Johnson Controls International news, COO Nathan D. Manning sold 3,000 shares of the company’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $62.86, for a total value of $188,580.00. Following the completion of the transaction, the chief operating officer now directly owns 106,891 shares in the company, valued at approximately $6,719,168.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Juergen Tinggren sold 4,000 shares of the company’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $62.31, for a total transaction of $249,240.00. Following the completion of the sale, the director now directly owns 30,120 shares in the company, valued at $1,876,777.20. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 19,048 shares of company stock valued at $1,234,530. Corporate insiders own 0.69% of the company’s stock.

Institutional Investors Weigh In On Johnson Controls International

A number of institutional investors and hedge funds have recently added to or reduced their stakes in JCI. Turtle Creek Wealth Advisors LLC purchased a new stake in Johnson Controls International during the 4th quarter valued at approximately $25,000. Rise Advisors LLC purchased a new position in shares of Johnson Controls International in the first quarter valued at $25,000. EdgeRock Capital LLC purchased a new position in shares of Johnson Controls International in the fourth quarter valued at $27,000. Hexagon Capital Partners LLC grew its holdings in shares of Johnson Controls International by 114.0% in the fourth quarter. Hexagon Capital Partners LLC now owns 503 shares of the company’s stock valued at $29,000 after purchasing an additional 268 shares in the last quarter. Finally, Continuum Advisory LLC grew its holdings in shares of 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 purchasing an additional 208 shares in 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.