Johnson Controls International (NYSE:JCI) Raised to “Buy” at StockNews.com

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

JCI has been the subject of a number of other research reports. Royal Bank of Canada raised Johnson Controls International from an “underperform” rating to a “sector perform” rating and upped their price objective for the stock from $61.00 to $69.00 in a research note on Wednesday, August 14th. Mizuho increased their price objective on shares of Johnson Controls International from $62.00 to $75.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. Wells Fargo & Company boosted their target price on shares of Johnson Controls International from $80.00 to $84.00 and gave the stock an “overweight” rating in a report on Monday, October 7th. Oppenheimer raised their target price on shares of Johnson Controls International from $79.00 to $86.00 and gave the company an “outperform” rating in a research note on Wednesday, October 2nd. Finally, Barclays increased their price objective on shares of Johnson Controls International from $62.00 to $64.00 and gave the company an “equal weight” rating in a report on Wednesday, October 2nd. Eleven investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, Johnson Controls International has a consensus rating of “Hold” and an average target price of $73.43.

Johnson Controls International Price Performance

Shares of JCI traded down $1.27 during trading hours on Monday, reaching $74.23. 3,410,662 shares of the stock traded hands, compared to its average volume of 4,941,853. The company has a market cap of $49.59 billion, a P/E ratio of 31.06, a price-to-earnings-growth ratio of 2.16 and a beta of 1.29. The company has a current ratio of 0.96, a quick ratio of 0.73 and a debt-to-equity ratio of 0.46. The company’s 50-day moving average price is $74.59 and its two-hundred day moving average price is $70.56. Johnson Controls International has a 52-week low of $50.00 and a 52-week high of $78.23.

Insider Activity

In other Johnson Controls International news, COO Nathan D. Manning sold 1,167 shares of the business’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 transaction, the chief operating officer now owns 143,488 shares in the company, valued at $10,438,752. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, COO Nathan D. Manning sold 3,000 shares of the company’s 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 transaction, the chief operating officer now directly owns 140,488 shares in the company, valued at approximately $10,828,815.04. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Nathan D. Manning sold 1,167 shares of the firm’s stock in a transaction dated 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 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. Over the last quarter, insiders have sold 226,141 shares of company stock valued at $16,904,519. 0.69% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Johnson Controls International

Large investors have recently added to or reduced their stakes in the stock. Fortitude Family Office LLC raised its stake in shares of Johnson Controls International by 195.8% during the third quarter. Fortitude Family Office LLC now owns 420 shares of the company’s stock valued at $33,000 after acquiring an additional 278 shares in the last quarter. Continuum Advisory LLC grew 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 worth $35,000 after purchasing an additional 208 shares in the last quarter. Wolff Wiese Magana LLC increased 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 purchasing an additional 430 shares during the period. Western Pacific Wealth Management LP bought a new stake in Johnson Controls International during the 3rd quarter valued at $44,000. Finally, Hexagon Capital Partners LLC raised its position in Johnson Controls International by 39.7% during the 2nd quarter. Hexagon Capital Partners LLC now owns 711 shares of the company’s stock valued at $47,000 after purchasing an additional 202 shares in the last quarter. 90.05% of the stock is 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.