Johnson Controls International (NYSE:JCI) Upgraded at Deutsche Bank Aktiengesellschaft

Johnson Controls International (NYSE:JCI) was upgraded by equities research analysts at Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a report released on Monday,Briefing.com Automated Import reports. The brokerage currently has a $112.00 price target on the stock. Deutsche Bank Aktiengesellschaft’s price objective points to a potential upside of 21.79% from the stock’s previous close.

Several other research analysts also recently weighed in on the company. Citigroup cut their price target on Johnson Controls International from $95.00 to $85.00 and set a “neutral” rating for the company in a research note on Monday, April 14th. Robert W. Baird boosted their target price on Johnson Controls International from $84.00 to $90.00 and gave the stock a “neutral” rating in a research report on Thursday. Melius Research restated a “hold” rating and set a $95.00 price objective on shares of Johnson Controls International in a research report on Tuesday, January 28th. UBS Group raised Johnson Controls International from a “neutral” rating to a “buy” rating and upped their target price for the stock from $90.00 to $103.00 in a research note on Monday, February 10th. Finally, JPMorgan Chase & Co. lowered their target price on Johnson Controls International from $100.00 to $81.00 and set an “overweight” rating for the company in a research note on Tuesday, April 8th. Eight equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $94.06.

Johnson Controls International Stock Performance

NYSE:JCI opened at $91.96 on Monday. The company has a current ratio of 1.02, a quick ratio of 0.86 and a debt-to-equity ratio of 0.50. Johnson Controls International has a 1-year low of $64.31 and a 1-year high of $97.30. The stock’s 50-day moving average is $80.63 and its 200-day moving average is $81.64. The stock has a market cap of $60.51 billion, a P/E ratio of 35.10, a price-to-earnings-growth ratio of 1.96 and a beta of 1.28.

Johnson Controls International (NYSE:JCI) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.05. The firm had revenue of $5.68 billion during the quarter, compared to analyst estimates of $5.64 billion. Johnson Controls International had a return on equity of 15.11% and a net margin of 6.83%. The business’s quarterly revenue was up 1.4% on a year-over-year basis. During the same period last year, the company posted $0.78 EPS. Equities research analysts anticipate that Johnson Controls International will post 3.64 earnings per share for the current year.

Insider Buying and Selling at Johnson Controls International

In related news, Director George Oliver sold 184,331 shares of the firm’s stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $79.49, for a total transaction of $14,652,471.19. Following the completion of the sale, the director now owns 1,019,562 shares of the company’s stock, valued at $81,044,983.38. This trade represents a 15.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Nathan D. Manning sold 1,422 shares of the company’s stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $86.91, for a total value of $123,586.02. Following the completion of the transaction, the vice president now directly owns 144,704 shares in the company, valued at $12,576,224.64. This trade represents a 0.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 523,290 shares of company stock worth $44,018,746. 0.54% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Johnson Controls International

Several institutional investors and hedge funds have recently added to or reduced their stakes in JCI. Vanguard Group Inc. increased its position in shares of Johnson Controls International by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 68,444,686 shares of the company’s stock valued at $5,483,104,000 after purchasing an additional 288,576 shares during the last quarter. Franklin Resources Inc. raised its holdings in Johnson Controls International by 6.0% in the 4th quarter. Franklin Resources Inc. now owns 23,344,374 shares of the company’s stock worth $1,842,571,000 after purchasing an additional 1,325,500 shares during the period. Invesco Ltd. lifted its position in Johnson Controls International by 13.2% during the fourth 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 in the last quarter. Fisher Asset Management LLC lifted its position in Johnson Controls International by 2.9% during the fourth quarter. Fisher Asset Management LLC now owns 15,743,019 shares of the company’s stock valued at $1,242,597,000 after purchasing an additional 447,513 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in Johnson Controls International by 2.5% during the fourth quarter. Geode Capital Management LLC now owns 13,818,777 shares of the company’s stock valued at $1,087,670,000 after purchasing an additional 343,517 shares during the period. Hedge funds and other institutional investors own 90.05% of the company’s stock.

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.