Johnson Controls International (NYSE:JCI) Cut to “Hold” at Melius

Melius lowered shares of Johnson Controls International (NYSE:JCI) from a buy rating to a hold rating in a research note released on Tuesday, Marketbeat.com reports. They currently have $95.00 price objective on the stock.

Several other research firms have also recently weighed in on JCI. Oppenheimer upped their price objective on shares of Johnson Controls International from $86.00 to $87.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Argus upgraded shares of Johnson Controls International from a “hold” rating to a “buy” rating and set a $88.00 price target on the stock in a research report on Friday, December 20th. Barclays boosted their price objective on shares of Johnson Controls International from $75.00 to $83.00 and gave the company an “equal weight” rating in a research report on Thursday, December 5th. UBS Group assumed coverage on Johnson Controls International in a report on Wednesday, November 13th. They issued a “neutral” rating and a $90.00 target price on the stock. Finally, Royal Bank of Canada boosted their price target on Johnson Controls International from $81.00 to $86.00 and gave the stock a “sector perform” rating in a report on Thursday, November 7th. Eleven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, Johnson Controls International currently has a consensus rating of “Hold” and an average price target of $84.00.

Johnson Controls International Price Performance

Shares of NYSE JCI opened at $78.16 on Tuesday. The stock has a market capitalization of $51.60 billion, a PE ratio of 30.77, a P/E/G ratio of 2.35 and a beta of 1.32. Johnson Controls International has a fifty-two week low of $52.02 and a fifty-two week high of $87.16. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.94 and a quick ratio of 0.79. The business has a fifty day moving average price of $81.20 and a two-hundred day moving average price of $76.44.

Johnson Controls International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Monday, December 23rd were paid 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 1.89%. Johnson Controls International’s dividend payout ratio is 58.27%.

Insider Activity at Johnson Controls International

In other Johnson Controls International news, CEO George Oliver sold 224,152 shares of the company’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $82.72, for a total transaction 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Marlon Sullivan sold 7,230 shares of the 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 approximately $2,687,704.10. The trade was a 18.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 647,787 shares of company stock worth $53,972,452 over the last three months. Company insiders own 0.69% of the company’s stock.

Hedge Funds Weigh In On Johnson Controls International

A number of institutional investors and hedge funds have recently modified their holdings of the business. Compass Financial Services Inc acquired a new position in shares of Johnson Controls International during the 4th quarter valued at $26,000. Fortitude Family Office LLC raised its holdings in shares of Johnson Controls International by 195.8% during the third quarter. Fortitude Family Office LLC now owns 420 shares of the company’s stock valued at $33,000 after purchasing an additional 278 shares during the period. Wolff Wiese Magana LLC boosted its position in shares of Johnson Controls International by 977.3% during the 3rd quarter. Wolff Wiese Magana LLC now owns 474 shares of the company’s stock worth $37,000 after purchasing an additional 430 shares in the last quarter. Synergy Asset Management LLC bought a new position in shares of Johnson Controls International during the 4th quarter worth about $42,000. Finally, ST Germain D J Co. Inc. increased its position in Johnson Controls International by 32.8% in 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 in the last quarter. 90.05% of the stock is currently owned by institutional investors.

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.