Barclays Has Lowered Expectations for Johnson Controls International (NYSE:JCI) Stock Price

Johnson Controls International (NYSE:JCI) had its target price decreased by research analysts at Barclays from $88.00 to $85.00 in a note issued to investors on Monday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Barclays‘s target price suggests a potential upside of 9.13% from the company’s current price.

JCI has been the subject of several other research reports. Argus raised Johnson Controls International from a “hold” rating to a “buy” rating and set a $88.00 target price for the company in a research report on Friday, December 20th. Royal Bank of Canada upped their price target on Johnson Controls International from $86.00 to $93.00 and gave the stock a “sector perform” rating in a report on Thursday, February 6th. Morgan Stanley boosted their target price on shares of Johnson Controls International from $95.00 to $105.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. StockNews.com lowered shares of Johnson Controls International from a “buy” rating to a “hold” rating in a report on Wednesday, November 20th. Finally, UBS Group upgraded Johnson Controls International from a “neutral” rating to a “buy” rating and raised their target price for the company from $90.00 to $103.00 in a research note on Monday, February 10th. Eight analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $91.27.

Johnson Controls International Trading Down 2.7 %

Shares of JCI opened at $77.89 on Monday. Johnson Controls International has a fifty-two week low of $59.83 and a fifty-two week high of $91.14. The stock has a fifty day moving average of $82.51 and a two-hundred day moving average of $79.54. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.86 and a current ratio of 1.02. The company has a market capitalization of $51.42 billion, a PE ratio of 29.66, a price-to-earnings-growth ratio of 1.96 and a beta of 1.32.

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

Insiders Place Their Bets

In related news, CEO George Oliver sold 129,263 shares of the business’s stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $83.55, for a total value of $10,799,923.65. Following the completion of the sale, the chief executive officer now directly owns 1,203,893 shares in the company, valued at approximately $100,585,260.15. The trade was a 9.70 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Daniel C. Mcconeghy sold 1,950 shares of the firm’s stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $87.73, for a total transaction of $171,073.50. Following the completion of the transaction, the vice president now owns 24,803 shares in the company, valued at $2,175,967.19. The trade was a 7.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 837,777 shares of company stock worth $72,867,455 in the last quarter. 0.54% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Johnson Controls International

Hedge funds and other institutional investors have recently made changes to their positions in the business. Raymond James Financial Inc. acquired a new position in shares of Johnson Controls International in the 4th quarter worth approximately $568,309,000. Norges Bank acquired a new stake in shares of Johnson Controls International in the 4th quarter valued at $560,549,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings 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 worth $418,439,000 after purchasing an additional 4,514,792 shares during the last quarter. Invesco Ltd. lifted its holdings in Johnson Controls International by 13.2% during the 4th quarter. Invesco Ltd. now owns 18,407,597 shares of the company’s stock valued at $1,452,912,000 after purchasing an additional 2,150,573 shares during the last quarter. Finally, Amundi increased its holdings in shares of Johnson Controls International by 76.7% during the fourth quarter. Amundi now owns 3,870,478 shares of the company’s stock worth $309,422,000 after buying an additional 1,680,431 shares in the last quarter. 90.05% of the stock is owned by institutional investors.

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.