Johnson Controls International (NYSE:JCI) Downgraded to “Hold” Rating by Melius

Johnson Controls International (NYSE:JCI) was downgraded by analysts at Melius from a “buy” rating to a “hold” rating in a research note issued on Tuesday, MarketBeat reports. They currently have a $95.00 price objective on the stock. Melius’ target price indicates a potential upside of 23.38% from the stock’s current price.

A number of other analysts have also recently weighed in on JCI. Barclays increased their price objective on shares of Johnson Controls International from $75.00 to $83.00 and gave the stock an “equal weight” rating in a report on Thursday, December 5th. Wells Fargo & Company reduced their price objective on 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. Oppenheimer raised their target price on Johnson Controls International from $86.00 to $87.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. UBS Group assumed coverage on Johnson Controls International in a research report on Wednesday, November 13th. They set a “neutral” rating and a $90.00 price target for the company. Finally, StockNews.com cut Johnson Controls International from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th. Eleven research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, Johnson Controls International presently has a consensus rating of “Hold” and an average price target of $83.31.

Johnson Controls International Trading Down 5.6 %

NYSE:JCI opened at $77.00 on Tuesday. Johnson Controls International has a 12-month low of $52.02 and a 12-month high of $87.16. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.94 and a quick ratio of 0.79. The business has a 50 day simple moving average of $81.62 and a 200 day simple moving average of $76.34. The firm has a market capitalization of $50.83 billion, a P/E ratio of 30.31, a P/E/G ratio of 2.35 and a beta of 1.32.

Insiders Place Their Bets

In related news, CEO George Oliver sold 110,616 shares of the stock in a transaction on Friday, November 15th. The stock was sold at an average price of $84.60, for a total value of $9,358,113.60. Following the completion of the transaction, the chief executive officer now owns 1,244,617 shares in the company, valued at $105,294,598.20. This trade represents a 8.16 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Marlon Sullivan sold 7,230 shares of Johnson Controls International stock in a transaction dated 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 $2,687,704.10. This represents a 18.31 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 647,787 shares of company stock worth $53,972,452. 0.69% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in JCI. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Johnson Controls International by 514.9% in the 3rd 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 acquiring an additional 4,514,792 shares in the last quarter. Fisher Asset Management LLC raised its stake in Johnson Controls International by 3.4% during the 3rd quarter. Fisher Asset Management LLC now owns 15,295,506 shares of the company’s stock valued at $1,187,084,000 after purchasing an additional 509,293 shares during the period. Janney Montgomery Scott LLC purchased a new stake in shares of Johnson Controls International in the fourth quarter valued at $32,609,000. Worldquant Millennium Advisors LLC acquired a new stake in shares of Johnson Controls International in the third quarter worth $25,065,000. Finally, State Street Corp grew its holdings in shares of Johnson Controls International by 1.1% during the third quarter. State Street Corp now owns 27,939,766 shares of the company’s stock valued at $2,178,595,000 after buying an additional 300,712 shares in the last quarter. 90.05% of the stock is currently owned by institutional investors and hedge funds.

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.