Johnson Controls International (NYSE:JCI) Cut to Neutral at UBS Group

UBS Group lowered shares of Johnson Controls International (NYSE:JCI) from a buy rating to a neutral rating in a research note released on Monday, Marketbeat reports. They currently have $68.00 price objective on the stock, down from their previous price objective of $74.00.

JCI has been the subject of a number of other research reports. Barclays cut their target price on shares of Johnson Controls International from $61.00 to $59.00 and set an equal weight rating for the company in a research report on Thursday, May 2nd. StockNews.com lowered shares of Johnson Controls International from a buy rating to a hold rating in a research report on Thursday, January 25th. Citigroup increased their price target on shares of Johnson Controls International from $59.00 to $68.00 and gave the company a neutral rating in a report on Monday, April 8th. Mizuho lowered shares of Johnson Controls International from a buy rating to a neutral rating and set a $62.00 price objective for the company. in a research report on Friday, February 23rd. Finally, Melius Research restated a hold rating on shares of Johnson Controls International in a research note on Tuesday, January 30th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of Hold and an average target price of $63.00.

Johnson Controls International Price Performance

Shares of NYSE:JCI opened at $65.24 on Monday. The company has a current ratio of 0.87, a quick ratio of 0.65 and a debt-to-equity ratio of 0.44. Johnson Controls International has a 1 year low of $47.90 and a 1 year high of $70.43. The business has a fifty day simple moving average of $63.51 and a 200 day simple moving average of $57.51. The firm has a market cap of $43.95 billion, a price-to-earnings ratio of 26.41, a P/E/G ratio of 1.59 and a beta of 1.23.

Johnson Controls International (NYSE:JCI) last posted its earnings results on Wednesday, May 1st. The company reported $0.78 EPS for the quarter, topping the consensus estimate of $0.75 by $0.03. Johnson Controls International had a net margin of 6.32% and a return on equity of 13.21%. The company had revenue of $6.70 billion during the quarter, compared to the consensus estimate of $7.51 billion. During the same period in the previous year, the firm posted $0.75 earnings per share. The company’s revenue for the quarter was down 6.1% compared to the same quarter last year. As a group, sell-side analysts predict that Johnson Controls International will post 3.61 earnings per share for the current fiscal year.

Johnson Controls International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 19th. Investors of record on Monday, March 25th were issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.27%. The ex-dividend date was Friday, March 22nd. Johnson Controls International’s dividend payout ratio is currently 59.92%.

Insiders Place Their Bets

In related news, Director Juergen Tinggren sold 4,000 shares of the firm’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $62.31, for a total value of $249,240.00. Following the transaction, the director now owns 30,120 shares in the company, valued at $1,876,777.20. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, COO Nathan D. Manning sold 3,000 shares of the company’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $62.86, for a total value of $188,580.00. Following the completion of the sale, the chief operating officer now directly owns 106,891 shares of the company’s stock, valued at approximately $6,719,168.26. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Juergen Tinggren sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $62.31, for a total transaction of $249,240.00. Following the transaction, the director now owns 30,120 shares of the company’s stock, valued at approximately $1,876,777.20. The disclosure for this sale can be found here. In the last quarter, insiders have sold 7,930 shares of company stock valued at $496,328. 0.69% of the stock is currently owned by corporate insiders.

Institutional Trading of Johnson Controls International

A number of large investors have recently made changes to their positions in the company. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its stake in Johnson Controls International by 1.9% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 621,237 shares of the company’s stock valued at $40,579,000 after acquiring an additional 11,730 shares during the period. Bleakley Financial Group LLC lifted its position in Johnson Controls International by 3.4% in the 1st quarter. Bleakley Financial Group LLC now owns 13,696 shares of the company’s stock valued at $895,000 after acquiring an additional 450 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in Johnson Controls International by 0.4% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 149,608 shares of the company’s stock valued at $9,772,000 after acquiring an additional 627 shares in the last quarter. US Bancorp DE raised its stake in shares of Johnson Controls International by 1.3% in the 1st quarter. US Bancorp DE now owns 81,841 shares of the company’s stock valued at $5,346,000 after purchasing an additional 1,063 shares during the period. Finally, QRG Capital Management Inc. lifted its position in shares of Johnson Controls International by 4.7% in the first quarter. QRG Capital Management Inc. now owns 150,463 shares of the company’s stock worth $9,828,000 after purchasing an additional 6,751 shares in 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.