Johnson Controls International (NYSE:JCI) Price Target Cut to $92.00 by Analysts at Wells Fargo & Company

Johnson Controls International (NYSE:JCI) had its price target reduced by investment analysts at Wells Fargo & Company from $95.00 to $92.00 in a report released on Tuesday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Wells Fargo & Company‘s price target would indicate a potential upside of 16.41% from the stock’s previous close.

JCI has been the subject of several other research reports. Barclays raised their price objective on shares of Johnson Controls International from $75.00 to $83.00 and gave the company an “equal weight” rating in a research note on Thursday, December 5th. Oppenheimer upped their target price 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. Bank of America raised their price objective on Johnson Controls International from $80.00 to $95.00 and gave the stock a “buy” rating in a report on Friday, September 27th. StockNews.com lowered Johnson Controls International from a “buy” rating to a “hold” rating in a research report on Wednesday, November 20th. Finally, Mizuho upped their price target on shares of Johnson Controls International from $62.00 to $75.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th. Ten research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $81.07.

Johnson Controls International Trading Down 0.3 %

JCI traded down $0.24 during mid-day trading on Tuesday, hitting $79.03. 512,018 shares of the stock were exchanged, compared to its average volume of 1,595,744. The firm’s fifty day moving average is $81.62 and its two-hundred day moving average is $75.00. Johnson Controls International has a 1-year low of $51.71 and a 1-year high of $87.16. The company has a market cap of $52.33 billion, a PE ratio of 31.11, a PEG ratio of 2.31 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.

Insider Buying and Selling at Johnson Controls International

In related news, EVP Marlon Sullivan sold 7,230 shares of the business’s stock in a transaction that occurred 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 sale, the executive vice president now directly owns 32,246 shares in the company, 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO George Oliver sold 110,615 shares of Johnson Controls International stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $76.79, for a total transaction of $8,494,125.85. Following the completion of the transaction, the chief executive officer now owns 1,243,751 shares in the company, valued at approximately $95,507,639.29. This trade represents a 8.17 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 758,588 shares of company stock worth $62,480,987 in the last 90 days. 0.69% of the stock is owned by company insiders.

Hedge Funds Weigh In On Johnson Controls International

A number of large investors have recently modified their holdings of JCI. Private Advisor Group LLC raised its holdings in Johnson Controls International by 27.2% in the second quarter. Private Advisor Group LLC now owns 23,254 shares of the company’s stock valued at $1,546,000 after buying an additional 4,973 shares during the period. Acadian Asset Management LLC acquired a new position in shares of Johnson Controls International during the 2nd quarter valued at $1,046,000. Ballentine Partners LLC boosted its position in Johnson Controls International by 11.3% during the 2nd quarter. Ballentine Partners LLC now owns 11,740 shares of the company’s stock worth $780,000 after purchasing an additional 1,190 shares during the period. Choreo LLC acquired a new stake in Johnson Controls International in the 2nd quarter valued at $2,541,000. Finally, LGT Group Foundation raised its position in Johnson Controls International by 289.9% in the second quarter. LGT Group Foundation now owns 19,050 shares of the company’s stock valued at $1,266,000 after purchasing an additional 14,164 shares during the period. 90.05% of the stock is currently owned by hedge funds and other 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.