Johnson Controls International’s (JCI) Hold Rating Reiterated at Melius Research

Melius Research reiterated their hold rating on shares of Johnson Controls International (NYSE:JCI) in a report published on Tuesday morning, Marketbeat reports. Melius Research currently has a $95.00 target price on the stock.

A number of other analysts have also commented on the company. Wells Fargo & Company cut their price target on Johnson Controls International from $95.00 to $92.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 7th. Oppenheimer lifted their price objective on Johnson Controls International from $86.00 to $87.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. UBS Group began coverage on Johnson Controls International in a research note on Wednesday, November 13th. They issued a “neutral” rating and a $90.00 price objective on the stock. Robert W. Baird lifted their price objective on Johnson Controls International from $80.00 to $85.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Finally, Barclays lifted their price objective on Johnson Controls International from $75.00 to $83.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 5th. Eleven research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $84.00.

Johnson Controls International Stock Performance

Shares of JCI stock opened at $78.16 on Tuesday. The business’s 50-day moving average price is $81.20 and its 200-day moving average price is $76.44. Johnson Controls International has a 12 month low of $52.02 and a 12 month high of $87.16. The firm has a market capitalization of $51.60 billion, a price-to-earnings ratio of 30.77, a PEG ratio of 2.35 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.

Johnson Controls International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Monday, December 23rd were issued a dividend of $0.37 per share. The ex-dividend date of this dividend was Monday, December 23rd. This represents a $1.48 annualized dividend and a dividend yield of 1.89%. Johnson Controls International’s dividend payout ratio is 58.27%.

Insider Activity

In other news, EVP Marlon Sullivan sold 7,230 shares of the business’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $83.35, for a total transaction of $602,620.50. Following the completion of the sale, the executive vice president now owns 32,246 shares in the company, valued at $2,687,704.10. The trade was a 18.31 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO George Oliver sold 224,152 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $82.72, for a total value of $18,541,853.44. Following the sale, the chief executive officer now owns 1,166,992 shares of the company’s stock, valued at approximately $96,533,578.24. This represents a 16.11 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 647,787 shares of company stock worth $53,972,452 over the last quarter. 0.69% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Johnson Controls International

Several institutional investors have recently bought and sold shares of the stock. Allworth Financial LP grew its holdings in Johnson Controls International by 6.3% during the fourth quarter. Allworth Financial LP now owns 5,913 shares of the company’s stock worth $485,000 after buying an additional 351 shares in the last quarter. Principal Securities Inc. grew its holdings in Johnson Controls International by 26.0% during the fourth quarter. Principal Securities Inc. now owns 6,880 shares of the company’s stock worth $543,000 after buying an additional 1,419 shares in the last quarter. Vivid Wealth Management LLC bought a new stake in Johnson Controls International during the fourth quarter worth $2,290,000. Bank Pictet & Cie Europe AG grew its holdings in Johnson Controls International by 67.4% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 88,569 shares of the company’s stock worth $6,991,000 after buying an additional 35,655 shares in the last quarter. Finally, Catalyst Financial Partners LLC grew its holdings in Johnson Controls International by 4.8% during the fourth quarter. Catalyst Financial Partners LLC now owns 3,154 shares of the company’s stock worth $249,000 after buying an additional 144 shares in the last quarter. 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.