JPMorgan Chase & Co. Has Lowered Expectations for Johnson Controls International (NYSE:JCI) Stock Price

Johnson Controls International (NYSE:JCI) had its price target cut by research analysts at JPMorgan Chase & Co. from $88.00 to $87.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price suggests a potential upside of 8.29% from the company’s current price.

Other analysts have also issued reports about the stock. Wells Fargo & Company reduced their price target on shares of Johnson Controls International from $95.00 to $92.00 and set an “overweight” rating for the company in a research report on Tuesday, January 7th. Royal Bank of Canada increased their target price on shares of Johnson Controls International from $81.00 to $86.00 and gave the stock a “sector perform” rating in a research report on Thursday, November 7th. Oppenheimer boosted their price target on shares of Johnson Controls International from $86.00 to $87.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Robert W. Baird increased their price objective on Johnson Controls International from $80.00 to $85.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Finally, Argus raised Johnson Controls International from a “hold” rating to a “buy” rating and set a $88.00 price objective for the company in a research report on Friday, December 20th. Ten research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $82.53.

Johnson Controls International Stock Up 1.1 %

NYSE:JCI opened at $80.34 on Wednesday. Johnson Controls International has a 1-year low of $51.71 and a 1-year high of $87.16. The firm has a market capitalization of $53.20 billion, a price-to-earnings ratio of 31.63, a PEG ratio of 2.20 and a beta of 1.32. 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 fifty day moving average price is $82.06 and its 200 day moving average price is $75.55.

Insider Activity

In related news, CEO George Oliver sold 124,497 shares of the stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $82.67, for a total transaction of $10,292,166.99. Following the completion of the sale, the chief executive officer now owns 1,267,716 shares in the company, valued at $104,802,081.72. This represents a 8.94 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Marlon Sullivan sold 7,230 shares of Johnson Controls International stock in a transaction that occurred on Wednesday, December 11th. The stock was 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 directly owns 32,246 shares in the company, valued at approximately $2,687,704.10. This represents a 18.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 647,973 shares of company stock valued at $53,986,862 over the last 90 days. 0.69% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Johnson Controls International

Hedge funds and other institutional investors have recently modified their holdings of the stock. Fortitude Family Office LLC boosted its holdings in Johnson Controls International by 195.8% in the 3rd quarter. Fortitude Family Office LLC now owns 420 shares of the company’s stock valued at $33,000 after purchasing an additional 278 shares during the period. Wolff Wiese Magana LLC lifted its stake in shares of Johnson Controls International by 977.3% in the third quarter. Wolff Wiese Magana LLC now owns 474 shares of the company’s stock valued at $37,000 after buying an additional 430 shares during the period. ST Germain D J Co. Inc. grew its position in Johnson Controls International by 32.8% during the fourth quarter. ST Germain D J Co. Inc. now owns 543 shares of the company’s stock worth $43,000 after buying an additional 134 shares in the last quarter. Western Pacific Wealth Management LP bought a new position in Johnson Controls International during the third quarter valued at about $44,000. Finally, Friedenthal Financial acquired a new position in Johnson Controls International in the 4th quarter valued at approximately $49,000. Institutional investors and hedge funds 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.