Johnson Controls International (NYSE:JCI) Rating Increased 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 note issued to investors on Friday.

JCI has been the topic of several other reports. Barclays increased their price target on shares of Johnson Controls International from $62.00 to $64.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 2nd. Wells Fargo & Company increased their target price on Johnson Controls International from $80.00 to $84.00 and gave the company an “overweight” rating in a report on Monday, October 7th. Robert W. Baird boosted their price target on Johnson Controls International from $72.00 to $78.00 and gave the stock a “neutral” rating in a report on Thursday, August 1st. Royal Bank of Canada raised Johnson Controls International from an “underperform” rating to a “sector perform” rating and increased their price objective for the company from $61.00 to $69.00 in a research note on Wednesday, August 14th. Finally, Mizuho boosted their target price on shares of Johnson Controls International from $62.00 to $75.00 and gave the company a “neutral” rating in a research note on Thursday. Eleven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $73.43.

Johnson Controls International Stock Performance

NYSE JCI opened at $77.26 on Friday. The business has a 50 day moving average price of $72.92 and a 200 day moving average price of $69.52. The company has a market capitalization of $51.61 billion, a P/E ratio of 32.33, a PEG ratio of 2.09 and a beta of 1.29. Johnson Controls International has a 1-year low of $47.90 and a 1-year high of $78.23. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.96 and a quick ratio of 0.73.

Johnson Controls International (NYSE:JCI) last announced its quarterly earnings results on Wednesday, July 31st. The company reported $1.14 earnings per share for the quarter, beating analysts’ consensus estimates of $1.08 by $0.06. Johnson Controls International had a return on equity of 13.64% and a net margin of 6.02%. The business had revenue of $7.23 billion during the quarter, compared to analysts’ expectations of $7.53 billion. During the same quarter last year, the business posted $1.03 earnings per share. The business’s revenue for the quarter was up 1.4% on a year-over-year basis. Sell-side analysts expect that Johnson Controls International will post 3.68 EPS for the current fiscal year.

Insider Activity

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 of the company’s stock, valued at approximately $10,438,752. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Johnson Controls International news, CEO George Oliver sold 110,615 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $72.67, for a total transaction of $8,038,392.05. Following the completion of the sale, the chief executive officer now directly owns 1,243,751 shares in the company, valued at $90,383,385.17. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 transaction of $84,899.25. Following the completion of the sale, the chief operating officer now directly owns 143,488 shares of the company’s stock, valued at $10,438,752. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 227,494 shares of company stock valued at $16,997,782 in the last ninety days. Company insiders own 0.69% of the company’s stock.

Institutional Trading of Johnson Controls International

Institutional investors have recently added to or reduced their stakes in the business. SageView Advisory Group LLC purchased a new stake in shares of Johnson Controls International in the fourth quarter worth about $262,000. Mather Group LLC. purchased a new position in Johnson Controls International in the 1st quarter worth approximately $106,000. Rise Advisors LLC purchased a new position in Johnson Controls International in the 1st quarter worth approximately $25,000. Wedmont Private Capital boosted its holdings in Johnson Controls International by 8.2% in the 1st quarter. Wedmont Private Capital now owns 6,248 shares of the company’s stock worth $410,000 after acquiring an additional 474 shares during the period. Finally, Park Avenue Securities LLC boosted its holdings in Johnson Controls International by 2.2% in the 1st quarter. Park Avenue Securities LLC now owns 16,043 shares of the company’s stock worth $1,048,000 after acquiring an additional 343 shares during the period. 90.05% of the stock is owned by hedge funds and other 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.