Johnson Controls International (NYSE:JCI) Upgraded at UBS Group

UBS Group upgraded shares of Johnson Controls International (NYSE:JCI) from a neutral rating to a buy rating in a research note released on Monday morning, MarketBeat reports. The brokerage currently has $103.00 price objective on the stock, up from their previous price objective of $90.00.

JCI has been the topic of a number of other research reports. Wells Fargo & Company increased their price target on Johnson Controls International from $92.00 to $98.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Morgan Stanley upped their price objective on Johnson Controls International from $95.00 to $105.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. StockNews.com cut Johnson Controls International from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th. Citigroup decreased their price objective on Johnson Controls International from $85.00 to $84.00 and set a “neutral” rating for the company in a research note on Monday, January 13th. Finally, Melius cut Johnson Controls International from a “buy” rating to a “hold” rating and set a $95.00 price objective for the company. in a research note on Tuesday, January 28th. Eight research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $91.13.

Johnson Controls International Price Performance

JCI opened at $89.02 on Monday. Johnson Controls International has a 12-month low of $54.07 and a 12-month high of $89.95. The company has a current ratio of 1.02, a quick ratio of 0.79 and a debt-to-equity ratio of 0.50. The business’s fifty day simple moving average is $81.18 and its 200-day simple moving average is $77.38. The company has a market capitalization of $58.77 billion, a price-to-earnings ratio of 33.98, a PEG ratio of 2.48 and a beta of 1.32.

Johnson Controls International (NYSE:JCI) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $0.64 earnings per share (EPS) for the quarter, topping 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 research analysts anticipate that Johnson Controls International will post 3.52 earnings per share for the current fiscal year.

Johnson Controls International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Monday, December 23rd were paid a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 1.66%. The ex-dividend date was Monday, December 23rd. Johnson Controls International’s payout ratio is 56.49%.

Insider Transactions at Johnson Controls International

In other news, CEO George Oliver sold 224,152 shares of the firm’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 completion of the transaction, the chief executive officer now directly owns 1,166,992 shares in the company, valued at $96,533,578.24. This trade represents a 16.11 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Daniel C. Mcconeghy sold 1,950 shares of the firm’s stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $87.73, for a total value of $171,073.50. Following the completion of the transaction, the vice president now owns 24,803 shares of the company’s stock, valued at approximately $2,175,967.19. The trade was a 7.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,061,494 shares of company stock worth $90,587,400 over the last three months. 0.54% of the stock is currently owned by insiders.

Institutional Trading of Johnson Controls International

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Compass Financial Services Inc acquired a new stake in Johnson Controls International during the fourth quarter worth about $26,000. SBI Securities Co. Ltd. acquired a new stake in Johnson Controls International during the fourth quarter worth about $29,000. Fortitude Family Office LLC grew its holdings in Johnson Controls International by 195.8% during the third quarter. Fortitude Family Office LLC now owns 420 shares of the company’s stock worth $33,000 after acquiring an additional 278 shares during the period. Wolff Wiese Magana LLC grew its holdings in Johnson Controls International by 977.3% during the third quarter. Wolff Wiese Magana LLC now owns 474 shares of the company’s stock worth $37,000 after acquiring an additional 430 shares during the period. Finally, Crowley Wealth Management Inc. acquired a new stake in Johnson Controls International during the fourth quarter worth about $42,000. 90.05% of the stock is owned by institutional investors and hedge funds.

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.