Johnson Controls International (NYSE:JCI) Receives Hold Rating from Melius Research

Melius Research reissued their hold rating on shares of Johnson Controls International (NYSE:JCI) in a research report sent to investors on Tuesday,Benzinga reports. The brokerage currently has a $95.00 price target on the stock.

JCI has been the topic of a number of other reports. StockNews.com downgraded shares of Johnson Controls International from a “buy” rating to a “hold” rating in a report on Wednesday, November 20th. Oppenheimer increased their target price on shares of Johnson Controls International from $86.00 to $87.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Robert W. Baird raised their price target on shares of Johnson Controls International from $80.00 to $85.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. JPMorgan Chase & Co. dropped their price objective on Johnson Controls International from $88.00 to $87.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 15th. Finally, Barclays raised their target price on Johnson Controls International from $75.00 to $83.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 5th. Eleven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $84.00.

Johnson Controls International Stock Performance

Shares of Johnson Controls International stock opened at $76.18 on Tuesday. The business’s fifty day simple moving average is $81.48 and its 200 day simple moving average is $76.39. 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 has a 12 month low of $52.02 and a 12 month high of $87.16. The firm has a market capitalization of $50.29 billion, a P/E ratio of 29.99, a price-to-earnings-growth ratio of 2.35 and a beta of 1.32.

Johnson Controls International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Monday, December 23rd were issued a $0.37 dividend. The ex-dividend date of this dividend 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 currently 58.27%.

Insiders Place Their Bets

In related news, CEO George Oliver sold 124,497 shares of the company’s stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $82.67, for a total value of $10,292,166.99. Following the transaction, the chief executive officer now directly owns 1,267,716 shares in the company, valued at approximately $104,802,081.72. This represents a 8.94 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 transaction, the executive vice president now directly owns 32,246 shares of the company’s stock, valued at approximately $2,687,704.10. This represents a 18.31 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 647,787 shares of company stock worth $53,972,452 in the last ninety days. 0.69% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Johnson Controls International

Several hedge funds have recently added to or reduced their stakes in JCI. Compass Financial Services Inc purchased a new position in shares of Johnson Controls International during the fourth quarter worth approximately $26,000. Fortitude Family Office LLC grew its holdings in shares of Johnson Controls International by 195.8% in the third quarter. Fortitude Family Office LLC now owns 420 shares of the company’s stock worth $33,000 after purchasing an additional 278 shares during the last quarter. Wolff Wiese Magana LLC increased its stake in shares of Johnson Controls International by 977.3% in the third quarter. Wolff Wiese Magana LLC now owns 474 shares of the company’s stock worth $37,000 after buying an additional 430 shares during the period. Synergy Asset Management LLC bought a new stake in Johnson Controls International during the 4th quarter valued at $42,000. Finally, ST Germain D J Co. Inc. raised its holdings in Johnson Controls International by 32.8% during the 4th quarter. ST Germain D J Co. Inc. now owns 543 shares of the company’s stock valued at $43,000 after buying an additional 134 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.