Johnson Controls International (NYSE:JCI) Upgraded to “Buy” at UBS Group

Johnson Controls International (NYSE:JCI) was upgraded by equities research analysts at UBS Group from a “neutral” rating to a “buy” rating in a research note issued to investors on Monday, MarketBeat Ratings reports. The brokerage currently has a $103.00 target price on the stock, up from their prior target price of $90.00. UBS Group’s target price would indicate a potential upside of 17.37% from the company’s previous close.

JCI has been the topic of several other reports. Royal Bank of Canada increased their price objective on shares of Johnson Controls International from $86.00 to $93.00 and gave the company a “sector perform” rating in a research report on Thursday. Melius Research restated a “hold” rating and issued a $95.00 price objective on shares of Johnson Controls International in a report on Tuesday, January 28th. Citigroup reduced their target price 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. Oppenheimer upped 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 lifted their price objective on Johnson Controls International from $62.00 to $75.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th. Eight equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, Johnson Controls International presently has a consensus rating of “Moderate Buy” and a consensus price target of $91.13.

Johnson Controls International Stock Down 0.3 %

NYSE:JCI opened at $87.76 on Monday. Johnson Controls International has a 1-year low of $54.07 and a 1-year high of $88.90. The company has a market capitalization of $57.93 billion, a PE ratio of 33.50, a P/E/G ratio of 2.48 and a beta of 1.32. The firm’s 50-day moving average price is $80.93 and its 200-day moving average price is $77.01. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.02 and a quick ratio of 0.79.

Johnson Controls International (NYSE:JCI) last announced its quarterly earnings data on Wednesday, February 5th. The company reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.59 by $0.05. Johnson Controls International had a return on equity of 15.11% and a net margin of 6.83%. On average, equities analysts predict that Johnson Controls International will post 3.52 EPS for the current fiscal year.

Insider Buying and Selling at Johnson Controls International

In other news, EVP Marlon Sullivan sold 7,230 shares of the business’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $83.35, for a total value of $602,620.50. Following the completion of the sale, the executive vice president now owns 32,246 shares in the company, valued at approximately $2,687,704.10. The trade was a 18.31 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO George Oliver sold 224,152 shares of Johnson Controls International stock in a transaction 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 completion of the transaction, the chief executive officer now owns 1,166,992 shares in the company, valued at $96,533,578.24. This represents a 16.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 856,326 shares of company stock valued at $72,313,086 in the last three months. Company insiders own 0.54% of the company’s stock.

Institutional Trading of Johnson Controls International

Institutional investors have recently modified their holdings of the company. Raymond James Financial Inc. acquired a new stake in Johnson Controls International in the 4th quarter worth approximately $568,309,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Johnson Controls International by 514.9% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,391,562 shares of the company’s stock valued at $418,439,000 after purchasing an additional 4,514,792 shares during the period. Amundi increased its stake in Johnson Controls International by 76.7% during the 4th quarter. Amundi now owns 3,870,478 shares of the company’s stock worth $309,422,000 after buying an additional 1,680,431 shares in the last quarter. AMF Tjanstepension AB lifted its stake in shares of Johnson Controls International by 500.7% in the fourth quarter. AMF Tjanstepension AB now owns 1,048,377 shares of the company’s stock worth $82,797,000 after buying an additional 873,841 shares in the last quarter. Finally, Fisher Asset Management LLC boosted its position in shares of Johnson Controls International by 3.4% during the 3rd quarter. Fisher Asset Management LLC now owns 15,295,506 shares of the company’s stock valued at $1,187,084,000 after acquiring an additional 509,293 shares during the last quarter. 90.05% of the stock is currently owned by institutional investors.

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.