Wells Fargo & Company Lowers Johnson Controls International (NYSE:JCI) Price Target to $92.00

Johnson Controls International (NYSE:JCI) had its target price reduced by equities researchers at Wells Fargo & Company from $95.00 to $92.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Wells Fargo & Company‘s target price points to a potential upside of 14.91% from the company’s current price.

JCI has been the topic of several other reports. Oppenheimer raised their target price on shares of Johnson Controls International from $86.00 to $87.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Bank of America boosted their price objective on shares of Johnson Controls International from $80.00 to $95.00 and gave the company a “buy” rating in a research note on Friday, September 27th. Royal Bank of Canada increased their target price on Johnson Controls International from $81.00 to $86.00 and gave the stock a “sector perform” rating in a research report on Thursday, November 7th. Argus raised Johnson Controls International from a “hold” rating to a “buy” rating and set a $88.00 price target for the company in a research report on Friday, December 20th. Finally, UBS Group assumed coverage on Johnson Controls International in a report on Wednesday, November 13th. They issued a “neutral” rating and a $90.00 price objective on the stock. Ten investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, Johnson Controls International presently has a consensus rating of “Hold” and an average target price of $81.07.

Johnson Controls International Stock Performance

Johnson Controls International stock opened at $80.06 on Tuesday. The stock has a fifty day moving average price of $81.74 and a 200 day moving average price of $75.12. Johnson Controls International has a 52 week low of $51.71 and a 52 week high of $87.16. The firm has a market capitalization of $53.01 billion, a P/E ratio of 31.52, a PEG ratio of 2.31 and a beta of 1.32. The company has a current ratio of 0.94, a quick ratio of 0.79 and a debt-to-equity ratio of 0.46.

Insider Buying and Selling

In related news, EVP Marlon Sullivan sold 7,230 shares of the stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $83.35, for a total value of $602,620.50. Following the sale, the executive vice president now owns 32,246 shares of the company’s stock, valued at $2,687,704.10. This trade represents a 18.31 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO George Oliver sold 224,152 shares of the business’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $82.72, for a total transaction of $18,541,853.44. Following the transaction, the chief executive officer now directly owns 1,166,992 shares of the company’s stock, valued at $96,533,578.24. The trade was a 16.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 758,588 shares of company stock worth $62,480,987 over the last quarter. 0.69% of the stock is owned by company insiders.

Hedge Funds Weigh In On Johnson Controls International

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Fortitude Family Office LLC raised its stake in Johnson Controls International by 195.8% during the 3rd quarter. Fortitude Family Office LLC now owns 420 shares of the company’s stock valued at $33,000 after acquiring an additional 278 shares in the last quarter. Wolff Wiese Magana LLC lifted its holdings 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 purchasing an additional 430 shares during the period. Western Pacific Wealth Management LP acquired a new position in Johnson Controls International during the 3rd quarter valued at about $44,000. Larson Financial Group LLC raised its position in shares of Johnson Controls International by 169.3% during the 3rd quarter. Larson Financial Group LLC now owns 738 shares of the company’s stock worth $57,000 after buying an additional 464 shares in the last quarter. Finally, Ashton Thomas Securities LLC acquired a new stake in shares of Johnson Controls International in the 3rd quarter worth approximately $61,000. 90.05% of the stock is 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.