Johnson Controls International (NYSE:JCI) Stock Rating Upgraded by UBS Group

UBS Group upgraded shares of Johnson Controls International (NYSE:JCI) from a neutral rating to a buy rating in a report released on Monday, MarketBeat.com reports. UBS Group currently has $103.00 price target on the stock, up from their prior price target of $90.00.

Several other research firms also recently weighed in on JCI. Argus upgraded Johnson Controls International from a “hold” rating to a “buy” rating and set a $88.00 target price on the stock in a research report on Friday, December 20th. Barclays lifted their price objective on Johnson Controls International from $75.00 to $83.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 5th. Citigroup reduced their price objective on Johnson Controls International from $85.00 to $84.00 and set a “neutral” rating on the stock in a research report on Monday, January 13th. Melius Research reiterated a “hold” rating and set a $95.00 price objective on shares of Johnson Controls International in a research report on Tuesday, January 28th. Finally, Morgan Stanley lifted their price objective on Johnson Controls International from $95.00 to $105.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Eight research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, Johnson Controls International has an average rating of “Moderate Buy” and a consensus target price of $91.13.

Johnson Controls International Stock Down 0.2 %

Shares of JCI opened at $89.02 on Monday. The company has a current ratio of 1.02, a quick ratio of 0.79 and a debt-to-equity ratio of 0.50. Johnson Controls International has a 12 month low of $54.07 and a 12 month high of $89.95. The stock’s 50 day moving average is $81.18 and its two-hundred day moving average is $77.38. The firm has a market cap of $58.77 billion, a P/E ratio of 33.98, a PEG ratio of 2.48 and a beta of 1.32.

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

Johnson Controls International Announces Dividend

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

Insider Buying and Selling

In other news, VP Nathan D. Manning sold 1,421 shares of the business’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $76.44, for a total value of $108,621.24. Following the completion of the sale, the vice president now directly owns 148,346 shares of the company’s stock, valued at approximately $11,339,568.24. The trade was a 0.95 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO George Oliver sold 205,168 shares of the company’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $89.07, for a total value of $18,274,313.76. Following the sale, the chief executive officer now directly owns 1,260,527 shares of the company’s stock, valued at approximately $112,275,139.89. This represents a 14.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,061,494 shares of company stock valued at $90,587,400 in the last three months. 0.54% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Johnson Controls International

Several institutional investors and hedge funds have recently added to or reduced their stakes in JCI. Raymond James Financial Inc. acquired a new stake in shares of Johnson Controls International in the 4th quarter worth approximately $568,309,000. Norges Bank acquired a new stake in shares of Johnson Controls International in the 4th quarter worth approximately $560,549,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Johnson Controls International by 514.9% during 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 worth $418,439,000 after buying an additional 4,514,792 shares in the last quarter. Amundi increased its position in Johnson Controls International by 76.7% during the fourth 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. Finally, Franklin Resources Inc. increased its position in Johnson Controls International by 6.0% during the fourth quarter. Franklin Resources Inc. now owns 23,344,374 shares of the company’s stock worth $1,842,571,000 after buying an additional 1,325,500 shares in the last quarter. Institutional investors and hedge funds own 90.05% of the company’s stock.

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.