Johnson Controls International (NYSE:JCI) Stock Rating Lowered by Melius

Melius cut shares of Johnson Controls International (NYSE:JCI) from a buy rating to a hold rating in a research report sent to investors on Tuesday, Marketbeat reports. They currently have $95.00 price target on the stock.

A number of other analysts also recently commented on JCI. Royal Bank of Canada increased their price target on Johnson Controls International from $81.00 to $86.00 and gave the company a “sector perform” rating in a research report on Thursday, November 7th. Citigroup decreased their target price on Johnson Controls International from $85.00 to $84.00 and set a “neutral” rating for the company in a research report on Monday, January 13th. Wells Fargo & Company reduced their price target on shares of Johnson Controls International from $95.00 to $92.00 and set an “overweight” rating for the company in a research report on Tuesday, January 7th. UBS Group initiated coverage on shares of Johnson Controls International in a report on Wednesday, November 13th. They set a “neutral” rating and a $90.00 price objective for the company. Finally, JPMorgan Chase & Co. dropped their target price on shares of 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. Eleven investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $84.00.

Johnson Controls International Trading Up 2.5 %

Shares of JCI stock opened at $78.16 on Tuesday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.79 and a current ratio of 0.94. The company 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. Johnson Controls International has a 52-week low of $52.02 and a 52-week high of $87.16. The company has a 50-day simple moving average of $81.20 and a two-hundred day simple moving average of $76.44.

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. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date of this dividend was Monday, December 23rd. Johnson Controls International’s payout ratio is 58.27%.

Insider Activity at Johnson Controls International

In other Johnson Controls International news, EVP Marlon Sullivan sold 7,230 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $83.35, for a total value of $602,620.50. Following the sale, the executive vice president now owns 32,246 shares of the company’s stock, valued at $2,687,704.10. This trade represents a 18.31 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO George Oliver sold 224,152 shares of the business’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $82.72, for a total value of $18,541,853.44. Following the transaction, the chief executive officer now directly owns 1,166,992 shares of the company’s stock, valued at $96,533,578.24. The trade was a 16.11 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 647,787 shares of company stock valued at $53,972,452. Corporate insiders own 0.69% of the company’s stock.

Hedge Funds Weigh In On Johnson Controls International

A number of hedge funds and other institutional investors have recently bought and sold shares of JCI. Public Sector Pension Investment Board lifted its stake in 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 purchasing an additional 9,784 shares during the last quarter. Creative Planning lifted its position in Johnson Controls International by 14.5% in the 2nd quarter. Creative Planning now owns 66,219 shares of the company’s stock worth $4,402,000 after buying an additional 8,364 shares during the last quarter. NewEdge Advisors LLC boosted its stake in Johnson Controls International by 17.6% in the second quarter. NewEdge Advisors LLC now owns 67,490 shares of the company’s stock worth $4,486,000 after buying an additional 10,093 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its position in 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 valued at $2,747,000 after acquiring an additional 3,176 shares during the last quarter. Finally, Quarry LP raised its stake in shares of Johnson Controls International by 183.5% during the second quarter. Quarry LP now owns 927 shares of the company’s stock worth $62,000 after acquiring an additional 600 shares in the last quarter. Hedge funds and other 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.