Johnson Controls International (NYSE:JCI) Stock Rating Lowered by UBS Group

UBS Group lowered shares of Johnson Controls International (NYSE:JCI) from a buy rating to a neutral rating in a research note published on Monday morning, MarketBeat Ratings reports. The firm currently has $68.00 target price on the stock, down from their previous target price of $74.00.

Other research analysts have also issued research reports about the company. Mizuho lowered Johnson Controls International from a buy rating to a neutral rating and set a $62.00 price objective on the stock. in a report on Friday, February 23rd. Melius Research reiterated a hold rating on shares of Johnson Controls International in a research note on Tuesday, January 30th. Argus lowered shares of Johnson Controls International from a buy rating to a hold rating in a research report on Tuesday, February 20th. HSBC cut shares of Johnson Controls International from a buy rating to a hold rating and set a $60.00 target price for the company. in a research note on Wednesday, January 31st. Finally, Deutsche Bank Aktiengesellschaft restated a hold rating and set a $60.00 price target (down from $65.00) on shares of Johnson Controls International in a research note on Wednesday, January 31st. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, Johnson Controls International currently has an average rating of Hold and a consensus target price of $63.00.

Johnson Controls International Stock Performance

Shares of JCI stock opened at $65.24 on Monday. The firm has a market cap of $43.95 billion, a P/E ratio of 26.41, a PEG ratio of 1.59 and a beta of 1.23. The stock’s 50-day moving average is $63.51 and its two-hundred day moving average is $57.51. Johnson Controls International has a fifty-two week low of $47.90 and a fifty-two week high of $70.43. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.87 and a quick ratio of 0.65.

Johnson Controls International (NYSE:JCI) last issued its quarterly earnings data on Wednesday, May 1st. The company reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.03. The firm had revenue of $6.70 billion for the quarter, compared to analyst estimates of $7.51 billion. Johnson Controls International had a net margin of 6.32% and a return on equity of 13.21%. The company’s revenue for the quarter was down 6.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.75 earnings per share. Analysts predict that Johnson Controls International will post 3.61 earnings per share for the current fiscal year.

Johnson Controls International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 19th. Investors of record on Monday, March 25th were given a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 2.27%. The ex-dividend date was Friday, March 22nd. Johnson Controls International’s dividend payout ratio (DPR) is presently 59.92%.

Insiders Place Their Bets

In other news, Director Juergen Tinggren sold 4,000 shares of Johnson Controls International stock in a transaction on Monday, May 6th. The stock was sold at an average price of $62.31, for a total value of $249,240.00. Following the completion of the sale, the director now directly owns 30,120 shares of the company’s stock, valued at approximately $1,876,777.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, COO Nathan D. Manning sold 3,000 shares of Johnson Controls International stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $62.86, for a total transaction of $188,580.00. Following the completion of the sale, the chief operating officer now owns 106,891 shares in the company, valued at approximately $6,719,168.26. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Juergen Tinggren sold 4,000 shares of the stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $62.31, for a total transaction of $249,240.00. Following the completion of the transaction, the director now owns 30,120 shares in the company, valued at $1,876,777.20. The disclosure for this sale can be found here. In the last quarter, insiders have sold 7,930 shares of company stock valued at $496,328. 0.69% of the stock is currently owned by corporate insiders.

Institutional Trading of Johnson Controls International

Several institutional investors and hedge funds have recently made changes to their positions in JCI. Rise Advisors LLC bought a new stake in shares of Johnson Controls International in the first quarter worth $25,000. Turtle Creek Wealth Advisors LLC acquired a new position in shares of Johnson Controls International during the 4th quarter worth about $25,000. EdgeRock Capital LLC bought a new position in shares of Johnson Controls International in the fourth quarter valued at $27,000. NBC Securities Inc. acquired a new position in Johnson Controls International during the third quarter worth $26,000. Finally, Hexagon Capital Partners LLC lifted its stake in Johnson Controls International by 114.0% in the 4th quarter. Hexagon Capital Partners LLC now owns 503 shares of the company’s stock valued at $29,000 after purchasing an additional 268 shares during the last quarter. 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.