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

StockNews.com downgraded shares of Johnson Controls International (NYSE:JCI) from a buy rating to a hold rating in a report issued on Wednesday morning.

Several other brokerages have also recently issued reports on JCI. 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 note on Thursday, November 7th. Morgan Stanley began coverage on shares of Johnson Controls International in a report on Friday, September 6th. They set an “overweight” rating and a $85.00 price target for the company. Robert W. Baird lifted their price objective on Johnson Controls International from $80.00 to $85.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Wells Fargo & Company increased their target price on Johnson Controls International from $84.00 to $90.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. Finally, Mizuho upped their price objective on Johnson Controls International from $62.00 to $75.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th. Twelve 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 presently has an average rating of “Hold” and an average price target of $77.21.

Johnson Controls International Trading Down 0.7 %

Shares of JCI stock opened at $82.98 on Wednesday. The company has a market capitalization of $55.43 billion, a P/E ratio of 32.67, a price-to-earnings-growth ratio of 2.33 and a beta of 1.29. The company has a current ratio of 0.94, a quick ratio of 0.79 and a debt-to-equity ratio of 0.46. The business’s 50 day moving average is $77.65 and its two-hundred day moving average is $72.16. Johnson Controls International has a twelve month low of $51.70 and a twelve month high of $87.16.

Johnson Controls International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Wednesday, September 25th were paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 1.78%. The ex-dividend date was Wednesday, September 25th. Johnson Controls International’s payout ratio is currently 58.27%.

Insiders Place Their Bets

In other Johnson Controls International 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 2.09 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO George Oliver sold 110,616 shares of Johnson Controls International stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $84.60, for a total transaction of $9,358,113.60. Following the sale, the chief executive officer now owns 1,244,617 shares of the company’s stock, valued at approximately $105,294,598.20. This trade represents a 8.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 336,943 shares of company stock valued at $26,278,184. Corporate insiders own 0.69% of the company’s stock.

Institutional Trading of Johnson Controls International

A number of hedge funds have recently bought and sold shares of JCI. Metis Global Partners LLC grew its position in shares of Johnson Controls International by 0.4% in the third quarter. Metis Global Partners LLC now owns 28,446 shares of the company’s stock valued at $2,208,000 after purchasing an additional 127 shares during the period. Brooklyn Investment Group boosted its position in shares of Johnson Controls International by 3.5% in the third quarter. Brooklyn Investment Group now owns 4,309 shares of the company’s stock worth $334,000 after acquiring an additional 144 shares during the last quarter. Summit Trail Advisors LLC grew its holdings in Johnson Controls International by 4.6% in the second quarter. Summit Trail Advisors LLC now owns 3,715 shares of the company’s stock valued at $248,000 after purchasing an additional 163 shares during the period. Miracle Mile Advisors LLC increased its holdings in shares of Johnson Controls International by 1.0% during the 3rd quarter. Miracle Mile Advisors LLC now owns 17,011 shares of the company’s stock worth $1,320,000 after buying an additional 163 shares during the last quarter. Finally, Berry Wealth Group LP grew its position in Johnson Controls International by 0.7% during the third quarter. Berry Wealth Group LP now owns 25,978 shares of the company’s stock valued at $2,016,000 after acquiring an additional 177 shares during the period. Institutional investors and hedge funds own 90.05% of the company’s stock.

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.