Johnson Controls International (NYSE:JCI) Upgraded at Wall Street Zen

Johnson Controls International (NYSE:JCI) was upgraded by analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday, Wall Street Zen reports.

JCI has been the topic of a number of other research reports. UBS Group restated a “buy” rating on shares of Johnson Controls International in a research note on Wednesday, October 28th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Johnson Controls International in a report on Wednesday, October 7th. Royal Bank Of Canada upped their target price on Johnson Controls International from $161.00 to $165.00 and gave the company a “sector perform” rating in a research report on Wednesday, October 14th. Argus set a $175.00 target price on Johnson Controls International in a report on Friday, August 7th. Finally, Evercore set a $170.00 price target on Johnson Controls International in a research report on Wednesday, October 28th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $166.76.

Johnson Controls International Stock Performance

Shares of NYSE:JCI opened at $139.18 on Friday. Johnson Controls International has a 12-month low of $108.41 and a 12-month high of $160.41. The company’s 50 day moving average price is $147.32 and its two-hundred day moving average price is $142.14. The firm has a market cap of $84.31 billion, a PE ratio of 29.74, a PEG ratio of 1.45 and a beta of 1.27. The company has a quick ratio of 0.75, a current ratio of 0.90 and a debt-to-equity ratio of 0.55.

Johnson Controls International (NYSE:JCI) last released its quarterly earnings results on Tuesday, October 27th. The company reported $1.66 earnings per share for the quarter, beating analysts’ consensus estimates of $1.59 by $0.07. Johnson Controls International had a net margin of 11.12% and a return on equity of 23.38%. The company had revenue of $7.11 billion during the quarter, compared to the consensus estimate of $7.04 billion. During the same period in the previous year, the business earned $1.26 earnings per share. The firm’s quarterly revenue was up 10.4% on a year-over-year basis. Equities research analysts predict that Johnson Controls International will post 6.29 earnings per share for the current year.

Insider Buying and Selling

In other Johnson Controls International news, Director Juergen Tinggren sold 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 28th. The shares were sold at an average price of $159.19, for a total transaction of $636,760.00. Following the completion of the transaction, the director directly owned 27,236 shares in the company, valued at $4,335,698.84. The trade was a 12.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.29% 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 modified their holdings of the business. State Street Corp raised its holdings in shares of Johnson Controls International by 2.2% during the 2nd quarter. State Street Corp now owns 28,283,873 shares of the company’s stock worth $4,143,674,000 after buying an additional 621,319 shares in the last quarter. Fisher Asset Management LLC boosted its stake in Johnson Controls International by 1.6% in the third quarter. Fisher Asset Management LLC now owns 10,936,713 shares of the company’s stock valued at $1,625,742,000 after buying an additional 167,415 shares in the last quarter. First Trust Advisors LP boosted its stake in Johnson Controls International by 1.3% in the third quarter. First Trust Advisors LP now owns 8,544,179 shares of the company’s stock valued at $1,270,092,000 after buying an additional 110,732 shares in the last quarter. Amundi boosted its stake in Johnson Controls International by 157.2% in the first quarter. Amundi now owns 5,965,212 shares of the company’s stock valued at $781,145,000 after buying an additional 3,646,047 shares in the last quarter. Finally, Pictet Asset Management Holding SA grew its position in Johnson Controls International by 0.9% in the second quarter. Pictet Asset Management Holding SA now owns 2,331,718 shares of the company’s stock valued at $340,501,000 after acquiring an additional 20,780 shares during the last quarter. Institutional investors own 90.05% of the company’s stock.

Johnson Controls International Company Profile

Johnson Controls International plc develops building technologies, products and services for commercial, industrial and institutional customers. Its offerings include heating, ventilation and air conditioning (HVAC) equipment, building automation and controls, fire detection and suppression systems, and security solutions. The company also provides maintenance, modernization and other services to help customers manage building operations. Its products and services support facilities such as offices, hospitals, schools, data centers and manufacturing sites.