Johnson Controls International (NYSE:JCI) Raised to “Strong-Buy” at Wells Fargo & Company

Johnson Controls International (NYSE:JCI) was upgraded by equities research analysts at Wells Fargo & Company to a “strong-buy” rating in a research report issued to clients and investors on Thursday, Zacks reports.

Several other analysts also recently weighed in on JCI. Oppenheimer reissued a “market perform” rating on shares of Johnson Controls International in a research report on Tuesday, June 2nd. Sanford C. Bernstein raised their price target on shares of Johnson Controls International from $173.00 to $190.00 and gave the stock an “outperform” rating in a report on Friday, August 14th. Morgan Stanley lifted their price objective on shares of Johnson Controls International from $175.00 to $180.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 2nd. Wolfe Research reissued an “outperform” rating and set a $171.00 price objective on shares of Johnson Controls International in a report on Wednesday, June 3rd. Finally, Zacks Research downgraded Johnson Controls International from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $157.05.

Johnson Controls International Trading Up 3.3%

Johnson Controls International stock opened at $150.19 on Thursday. The stock has a 50-day moving average of $145.20 and a two-hundred day moving average of $141.55. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.83 and a current ratio of 1.00. Johnson Controls International has a one year low of $104.49 and a one year high of $157.06. The stock has a market cap of $90.97 billion, a PE ratio of 26.12, a price-to-earnings-growth ratio of 1.40 and a beta of 1.29.

Johnson Controls International (NYSE:JCI) last issued its quarterly earnings results on Thursday, July 30th. The company reported $1.42 earnings per share for the quarter, topping the consensus estimate of $1.30 by $0.12. Johnson Controls International had a return on equity of 22.11% and a net margin of 14.32%.The business had revenue of $6.61 billion during the quarter, compared to the consensus estimate of $6.46 billion. During the same quarter last year, the company earned $1.05 earnings per share. The company’s quarterly revenue was up 9.3% on a year-over-year basis. On average, research analysts anticipate that Johnson Controls International will post 5.08 EPS for the current fiscal year.

Insiders Place Their Bets

In other Johnson Controls International news, VP Lei Schlitz sold 23,417 shares of the stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $153.07, for a total transaction of $3,584,440.19. Following the transaction, the vice president directly owned 15,017 shares of the company’s stock, valued at $2,298,652.19. This trade represents a 60.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.29% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. State Street Corp boosted its holdings in Johnson Controls International by 2.2% in the 2nd quarter. State Street Corp now owns 28,283,873 shares of the company’s stock worth $4,143,674,000 after buying an additional 621,319 shares during the last quarter. Franklin Resources Inc. lifted its position in shares of Johnson Controls International by 3.3% in the fourth quarter. Franklin Resources Inc. now owns 22,655,105 shares of the company’s stock valued at $2,712,949,000 after acquiring an additional 718,245 shares in the last quarter. Invesco Ltd. lifted its position in shares of Johnson Controls International by 13.0% in the fourth quarter. Invesco Ltd. now owns 16,003,486 shares of the company’s stock valued at $1,916,417,000 after acquiring an additional 1,837,220 shares in the last quarter. Norges Bank acquired a new stake in shares of Johnson Controls International in the fourth quarter worth approximately $927,739,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Johnson Controls International by 1.0% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 7,179,181 shares of the company’s stock worth $859,707,000 after acquiring an additional 71,296 shares during 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 (NYSE:JCI) is a global company focused on building technologies and solutions that improve the efficiency, safety and sustainability of buildings. Its offerings include heating, ventilation and air-conditioning systems, building automation and controls, fire detection and suppression equipment, security systems, and related digital technologies and services.

The company serves commercial, institutional, industrial and residential customers, helping organizations manage building operations, energy use, indoor air quality and physical security.