Johnson Controls International (NYSE:JCI) Rating Increased to Buy at Argus

Johnson Controls International (NYSE:JCI) was upgraded by investment analysts at Argus from a “hold” rating to a “buy” rating in a report issued on Friday, Marketbeat reports. The firm currently has a $88.00 target price on the stock. Argus’ price objective points to a potential upside of 11.80% from the company’s previous close.

Several other research analysts have also weighed in on JCI. Oppenheimer increased their target price on Johnson Controls International from $86.00 to $87.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Mizuho upped their price target on shares of Johnson Controls International from $62.00 to $75.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. UBS Group began coverage on Johnson Controls International in a research report on Wednesday, November 13th. They issued a “neutral” rating and a $90.00 price objective on the stock. Morgan Stanley assumed coverage on Johnson Controls International in a research report on Friday, September 6th. They issued an “overweight” rating and a $85.00 target price for the company. Finally, Barclays raised their target price on Johnson Controls International from $75.00 to $83.00 and gave the company an “equal weight” rating in a report on Thursday, December 5th. Ten analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $80.93.

Johnson Controls International Stock Performance

NYSE JCI opened at $78.71 on Friday. The company has a market capitalization of $52.12 billion, a PE ratio of 30.99, a price-to-earnings-growth ratio of 2.31 and a beta of 1.31. Johnson Controls International has a twelve month low of $51.71 and a twelve month high of $87.16. 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 business’s 50-day moving average price is $80.94 and its 200 day moving average price is $74.13.

Insiders Place Their Bets

In other Johnson Controls International news, CEO George Oliver sold 110,616 shares of the stock in a transaction on Friday, November 15th. The shares were sold at an average price of $84.60, for a total transaction of $9,358,113.60. Following the sale, the chief executive officer now directly owns 1,244,617 shares of the company’s stock, valued at approximately $105,294,598.20. This represents a 8.16 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Marlon Sullivan sold 7,230 shares of Johnson Controls International stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $83.35, for a total transaction of $602,620.50. Following the completion of the transaction, the executive vice president now directly owns 32,246 shares of the company’s stock, valued at $2,687,704.10. This trade represents a 18.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 761,588 shares of company stock valued at $62,711,800 in the last quarter. Insiders own 0.69% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. B. Riley Wealth Advisors Inc. boosted its stake in Johnson Controls International by 12.8% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 20,857 shares of the company’s stock valued at $1,615,000 after purchasing an additional 2,366 shares during the period. Inspire Trust Co. N.A. boosted its position in shares of Johnson Controls International by 34.8% during the third quarter. Inspire Trust Co. N.A. now owns 62,000 shares of the company’s stock worth $4,812,000 after buying an additional 16,000 shares during the period. Peapack Gladstone Financial Corp grew its holdings in Johnson Controls International by 8.6% in the 3rd quarter. Peapack Gladstone Financial Corp now owns 9,669 shares of the company’s stock worth $751,000 after buying an additional 763 shares in the last quarter. Wilmington Savings Fund Society FSB grew its holdings in Johnson Controls International by 27.6% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 223,989 shares of the company’s stock worth $17,384,000 after buying an additional 48,416 shares in the last quarter. Finally, Sfmg LLC acquired a new stake in Johnson Controls International in the 3rd quarter valued at approximately $210,000. 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.