Johnson Controls International (NYSE:JCI) Downgraded to “Hold” Rating by Melius

Melius lowered shares of Johnson Controls International (NYSE:JCI) from a buy rating to a hold rating in a report published on Tuesday morning, MarketBeat reports. The brokerage currently has $95.00 price target on the stock.

Other analysts also recently issued reports about the company. Wells Fargo & Company dropped their price objective on Johnson Controls International from $95.00 to $92.00 and set an “overweight” rating for the company in a report on Tuesday, January 7th. Citigroup dropped their price objective on Johnson Controls International from $85.00 to $84.00 and set a “neutral” rating for the company in a report on Monday, January 13th. Robert W. Baird upped their price objective on Johnson Controls International from $80.00 to $85.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Oppenheimer increased their price target on Johnson Controls International from $86.00 to $87.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Finally, Mizuho increased their price target on Johnson Controls International from $62.00 to $75.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. Eleven research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, Johnson Controls International currently has an average rating of “Hold” and a consensus target price of $84.00.

Johnson Controls International Trading Down 1.1 %

JCI stock opened at $76.18 on Tuesday. The company has a market cap of $50.29 billion, a price-to-earnings ratio of 29.99, a PEG ratio of 2.35 and a beta of 1.32. The company has a quick ratio of 0.79, a current ratio of 0.94 and a debt-to-equity ratio of 0.46. The business has a fifty day simple moving average of $81.48 and a 200-day simple moving average of $76.39. Johnson Controls International has a 52 week low of $52.02 and a 52 week high of $87.16.

Johnson Controls International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Monday, December 23rd were given a dividend of $0.37 per share. The ex-dividend date was Monday, December 23rd. This represents a $1.48 annualized dividend and a dividend yield of 1.94%. Johnson Controls International’s payout ratio is 58.27%.

Insider Transactions at Johnson Controls International

In other news, EVP Marlon Sullivan sold 7,230 shares of the business’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $83.35, for a total transaction of $602,620.50. Following the completion of the transaction, the executive vice president now owns 32,246 shares of the company’s stock, valued at approximately $2,687,704.10. The trade was a 18.31 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO George Oliver sold 110,616 shares of the company’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $84.60, for a total transaction of $9,358,113.60. Following the transaction, the chief executive officer now owns 1,244,617 shares of the company’s stock, valued at $105,294,598.20. This represents a 8.16 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 647,787 shares of company stock valued at $53,972,452. Insiders own 0.69% of the company’s stock.

Hedge Funds Weigh In On Johnson Controls International

Several institutional investors have recently modified their holdings of JCI. Public Sector Pension Investment Board grew its position in shares of Johnson Controls International by 65.1% during the second quarter. Public Sector Pension Investment Board now owns 24,821 shares of the company’s stock worth $1,650,000 after acquiring an additional 9,784 shares during the last quarter. Creative Planning grew its position in shares of Johnson Controls International by 14.5% during the second quarter. Creative Planning now owns 66,219 shares of the company’s stock worth $4,402,000 after acquiring an additional 8,364 shares during the last quarter. NewEdge Advisors LLC grew its position in shares of Johnson Controls International by 17.6% during the second quarter. NewEdge Advisors LLC now owns 67,490 shares of the company’s stock worth $4,486,000 after acquiring an additional 10,093 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its position in shares of Johnson Controls International by 8.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 41,322 shares of the company’s stock worth $2,747,000 after acquiring an additional 3,176 shares during the last quarter. Finally, Quarry LP grew its position in Johnson Controls International by 183.5% in the 2nd quarter. Quarry LP now owns 927 shares of the company’s stock valued at $62,000 after buying an additional 600 shares in 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.