Johnson Controls International (NYSE:JCI) Research Coverage Started at UBS Group

UBS Group assumed coverage on shares of Johnson Controls International (NYSE:JCI) in a research note released on Wednesday, Marketbeat Ratings reports. The brokerage issued a neutral rating and a $90.00 target price on the stock.

A number of other equities research analysts have also recently weighed in on the stock. Robert W. Baird boosted their price target on shares of Johnson Controls International from $80.00 to $85.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Bank of America boosted their target price on Johnson Controls International from $80.00 to $95.00 and gave the company a “buy” rating in a report on Friday, September 27th. Royal Bank of Canada raised their price target on Johnson Controls International from $81.00 to $86.00 and gave the stock a “sector perform” rating in a research note on Thursday, November 7th. The Goldman Sachs Group boosted their price objective on Johnson Controls International from $73.00 to $81.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Finally, Mizuho raised their target price on shares of Johnson Controls International from $62.00 to $75.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. Twelve investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $77.21.

Johnson Controls International Stock Down 0.9 %

Shares of NYSE:JCI opened at $84.40 on Wednesday. The firm has a 50 day simple moving average of $76.84 and a 200-day simple moving average of $71.65. Johnson Controls International has a twelve month low of $51.40 and a twelve month high of $87.16. The company has a current ratio of 0.94, a quick ratio of 0.79 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $56.38 billion, a PE ratio of 33.23, a P/E/G ratio of 2.39 and a beta of 1.29.

Johnson Controls International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Wednesday, September 25th were issued a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 1.75%. The ex-dividend date of this dividend was Wednesday, September 25th. Johnson Controls International’s payout ratio is 58.27%.

Insider Buying and Selling

In other Johnson Controls International news, COO Nathan D. Manning sold 1,167 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $72.75, for a total transaction of $84,899.25. Following the transaction, the chief operating officer now directly owns 143,488 shares in the company, valued at approximately $10,438,752. This represents a 0.81 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO George Oliver sold 110,615 shares of Johnson Controls International stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $76.79, for a total transaction of $8,494,125.85. Following the sale, the chief executive officer now owns 1,243,751 shares of the company’s stock, valued at approximately $95,507,639.29. The trade was a 8.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 226,141 shares of company stock valued at $16,904,519 over the last ninety days. Corporate insiders own 0.69% of the company’s stock.

Hedge Funds Weigh In On Johnson Controls International

Several hedge funds have recently bought and sold shares of the company. US Bancorp DE raised its stake in shares of Johnson Controls International by 1.3% during the 1st quarter. US Bancorp DE now owns 81,841 shares of the company’s stock worth $5,346,000 after buying an additional 1,063 shares during the last quarter. Bleakley Financial Group LLC lifted its holdings in shares of Johnson Controls International by 3.4% in the first quarter. Bleakley Financial Group LLC now owns 13,696 shares of the company’s stock valued at $895,000 after purchasing an additional 450 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of Johnson Controls International by 18.7% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 806,718 shares of the company’s stock valued at $52,695,000 after purchasing an additional 126,855 shares during the last quarter. Orion Portfolio Solutions LLC increased its stake in shares of Johnson Controls International by 15.8% during the 1st quarter. Orion Portfolio Solutions LLC now owns 27,191 shares of the company’s stock worth $1,776,000 after purchasing an additional 3,717 shares in the last quarter. Finally, Horizon Family Wealth Inc. acquired a new position in shares of Johnson Controls International during the 1st quarter worth approximately $248,000. 90.05% of the stock is owned by hedge funds and other 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.