Johnson Controls International (NYSE:JCI) Given New $85.00 Price Target at Barclays

Johnson Controls International (NYSE:JCI) had its target price lowered by Barclays from $88.00 to $85.00 in a report released on Monday, Marketbeat Ratings reports. The firm currently has an equal weight rating on the stock.

JCI has been the subject of a number of other reports. Melius Research restated a “hold” rating and issued a $95.00 price objective on shares of Johnson Controls International in a research note on Tuesday, January 28th. StockNews.com cut shares of Johnson Controls International from a “buy” rating to a “hold” rating in a report on Wednesday, November 20th. Wells Fargo & Company raised their price target on Johnson Controls International from $92.00 to $98.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Morgan Stanley boosted their price objective on Johnson Controls International from $95.00 to $105.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Finally, Citigroup lowered their target price on Johnson Controls International from $85.00 to $84.00 and set a “neutral” rating on the stock in a report on Monday, January 13th. Eight investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $91.27.

Johnson Controls International Stock Performance

JCI stock opened at $77.96 on Monday. The firm has a 50 day moving average of $82.49 and a two-hundred day moving average of $79.60. Johnson Controls International has a 12 month low of $59.83 and a 12 month high of $91.14. The company has a market capitalization of $51.47 billion, a price-to-earnings ratio of 29.76, a P/E/G ratio of 1.96 and a beta of 1.32. The company has a quick ratio of 0.86, a current ratio of 1.02 and a debt-to-equity ratio of 0.50.

Johnson Controls International (NYSE:JCI) last posted its earnings results on Wednesday, February 5th. The company reported $0.64 EPS for the quarter, topping the consensus estimate of $0.59 by $0.05. Johnson Controls International had a net margin of 6.83% and a return on equity of 15.11%. As a group, equities analysts anticipate that Johnson Controls International will post 3.64 EPS for the current fiscal year.

Insider Activity

In other news, CEO George Oliver sold 205,168 shares of the stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $88.03, for a total value of $18,060,939.04. Following the completion of the transaction, the chief executive officer now directly owns 1,260,527 shares of the company’s stock, valued at approximately $110,964,191.81. This represents a 14.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Nathan D. Manning sold 1,421 shares of the business’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $76.44, for a total value of $108,621.24. Following the completion of the sale, the vice president now directly owns 148,346 shares in the company, valued at approximately $11,339,568.24. This represents a 0.95 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 713,280 shares of company stock worth $62,575,288. 0.54% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Johnson Controls International

Several large investors have recently made changes to their positions in the company. Assetmark Inc. increased its holdings in shares of Johnson Controls International by 1.2% during the third quarter. Assetmark Inc. now owns 32,913 shares of the company’s stock worth $2,554,000 after buying an additional 400 shares in the last quarter. Mayflower Financial Advisors LLC bought a new stake in Johnson Controls International during the 3rd quarter worth approximately $235,000. Crossmark Global Holdings Inc. increased its holdings in Johnson Controls International by 9.9% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 33,777 shares of the company’s stock valued at $2,622,000 after purchasing an additional 3,051 shares in the last quarter. Los Angeles Capital Management LLC raised its position in Johnson Controls International by 1,350.3% in the 3rd quarter. Los Angeles Capital Management LLC now owns 49,498 shares of the company’s stock valued at $3,842,000 after purchasing an additional 46,085 shares during the last quarter. Finally, Ashton Thomas Securities LLC acquired a new position in Johnson Controls International in the third quarter worth $61,000. Institutional investors 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.