Johnson Controls International (NYSE:JCI) Upgraded at Argus

Argus upgraded shares of Johnson Controls International (NYSE:JCI) from a hold rating to a buy rating in a report released on Friday morning, MarketBeat Ratings reports. They currently have $88.00 target price on the stock.

Several other brokerages also recently weighed in on JCI. StockNews.com downgraded Johnson Controls International from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th. Royal Bank of Canada boosted their price target on Johnson Controls International from $81.00 to $86.00 and gave the stock a “sector perform” rating in a research note on Thursday, November 7th. Oppenheimer increased 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. Barclays lifted their target price on shares of Johnson Controls International from $75.00 to $83.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 5th. Finally, Morgan Stanley started coverage on shares of Johnson Controls International in a research note on Friday, September 6th. They set an “overweight” rating and a $85.00 price target on the stock. Ten investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $80.93.

Johnson Controls International Price Performance

Shares of JCI opened at $80.64 on Friday. The company has a 50 day moving average of $81.00 and a two-hundred day moving average of $74.21. The company has a quick ratio of 0.79, a current ratio of 0.94 and a debt-to-equity ratio of 0.46. Johnson Controls International has a twelve month low of $51.71 and a twelve month high of $87.16. The company has a market cap of $53.40 billion, a price-to-earnings ratio of 31.75, a price-to-earnings-growth ratio of 2.31 and a beta of 1.31.

Johnson Controls International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Monday, December 23rd will be issued a $0.37 dividend. The ex-dividend date of this dividend is Monday, December 23rd. This represents a $1.48 annualized dividend and a dividend yield of 1.84%. Johnson Controls International’s dividend payout ratio (DPR) is presently 58.27%.

Insider Transactions at Johnson Controls International

In other Johnson Controls International news, EVP Marlon Sullivan sold 7,230 shares of Johnson Controls International stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $83.35, for a total value of $602,620.50. Following the completion of the transaction, the executive vice president now owns 32,246 shares of the company’s stock, valued at approximately $2,687,704.10. The trade was a 18.31 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Nathan D. Manning sold 3,000 shares of the stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $77.08, for a total transaction of $231,240.00. Following the sale, the chief operating officer now directly owns 140,488 shares in the company, valued at approximately $10,828,815.04. The trade was a 2.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 761,588 shares of company stock worth $62,711,800 over the last quarter. 0.69% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Johnson Controls International

Several institutional investors and hedge funds have recently modified their holdings of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Johnson Controls International by 514.9% in 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 valued at $418,439,000 after purchasing an additional 4,514,792 shares during the period. Barrow Hanley Mewhinney & Strauss LLC grew its stake in Johnson Controls International by 686.4% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 4,445,418 shares of the company’s stock valued at $295,487,000 after acquiring an additional 3,880,146 shares during the period. Point72 Asset Management L.P. grew its stake in Johnson Controls International by 263.9% in the 2nd quarter. Point72 Asset Management L.P. now owns 1,341,919 shares of the company’s stock valued at $89,197,000 after acquiring an additional 973,145 shares during the period. Electron Capital Partners LLC increased its holdings in Johnson Controls International by 81.3% in the 2nd quarter. Electron Capital Partners LLC now owns 1,432,335 shares of the company’s stock worth $95,207,000 after acquiring an additional 642,315 shares in the last quarter. Finally, Interval Partners LP raised its position in Johnson Controls International by 601.5% during the second quarter. Interval Partners LP now owns 676,676 shares of the company’s stock worth $44,979,000 after acquiring an additional 580,212 shares during the period. Hedge funds and other 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.