UBS Group Begins Coverage on Johnson Controls International (NYSE:JCI)

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

Several other research firms have also weighed in on JCI. Robert W. Baird increased 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. Oppenheimer increased their target price on shares of Johnson Controls International from $86.00 to $87.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Barclays lifted their price target on shares of Johnson Controls International from $62.00 to $64.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 2nd. The Goldman Sachs Group increased their price objective on Johnson Controls International from $73.00 to $81.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Finally, Royal Bank of Canada boosted their target price on Johnson Controls International from $81.00 to $86.00 and gave the company a “sector perform” rating in a research note on Thursday, November 7th. Twelve equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $77.21.

Johnson Controls International Stock Down 0.9 %

JCI stock opened at $84.40 on Wednesday. The stock has a market cap of $56.38 billion, a P/E ratio of 33.23, a P/E/G ratio of 2.36 and a beta of 1.29. 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 stock’s fifty day simple moving average is $76.84 and its two-hundred day simple moving average is $71.69. Johnson Controls International has a 1-year low of $51.40 and a 1-year high of $87.16.

Johnson Controls International Dividend Announcement

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

Insiders Place Their Bets

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 stock was sold at an average price of $72.75, for a total value of $84,899.25. Following the transaction, the chief operating officer now directly owns 143,488 shares in the company, valued at $10,438,752. This represents a 0.81 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO George Oliver sold 110,615 shares of Johnson Controls International stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $76.79, for a total value 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. This trade represents a 8.17 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 226,141 shares of company stock worth $16,904,519 in the last three months. 0.69% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Fortitude Family Office LLC grew its stake in Johnson Controls International by 195.8% in the 3rd quarter. Fortitude Family Office LLC now owns 420 shares of the company’s stock worth $33,000 after buying an additional 278 shares in the last quarter. Wolff Wiese Magana LLC grew its position in Johnson Controls International by 977.3% in 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 in the last quarter. Continuum Advisory LLC raised its position in Johnson Controls International by 65.2% during the second quarter. Continuum Advisory LLC now owns 527 shares of the company’s stock valued at $35,000 after purchasing an additional 208 shares in the last quarter. Western Pacific Wealth Management LP bought a new stake in Johnson Controls International during the third quarter worth about $44,000. Finally, Friedenthal Financial bought a new stake in Johnson Controls International during the second quarter worth about $47,000. 90.05% of the stock is currently owned by institutional investors.

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.