Johnson Controls International (NYSE:JCI) had its price objective increased by equities researchers at Barclays from $56.00 to $59.00 in a note issued to investors on Tuesday, The Fly reports. The brokerage presently has an “equal weight” rating on the stock. Barclays‘s target price indicates a potential downside of 1.91% from the stock’s previous close.
Other analysts have also recently issued reports about the stock. Atlantic Securities upgraded shares of Johnson Controls International from a “neutral” rating to an “overweight” rating and set a $56.00 target price for the company in a report on Wednesday, December 9th. Smith Barney Citigroup cut shares of Johnson Controls International from a “buy” rating to a “neutral” rating and set a $51.00 target price for the company. in a report on Monday, December 14th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell cut shares of Johnson Controls International from a “buy” rating to a “neutral” rating and set a $51.00 target price for the company. in a report on Monday, December 14th. Credit Suisse Group raised their price objective on shares of Johnson Controls International from $55.00 to $60.00 in a research note on Thursday, February 18th. Finally, Deutsche Bank Aktiengesellschaft lowered shares of Johnson Controls International from a “buy” rating to a “hold” rating in a research note on Monday, December 14th. Ten equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Johnson Controls International currently has an average rating of “Buy” and an average price target of $49.05.
Johnson Controls International stock opened at $60.15 on Tuesday. The firm has a 50 day simple moving average of $58.81 and a 200-day simple moving average of $49.37. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.22 and a quick ratio of 1.00. The stock has a market capitalization of $43.28 billion, a PE ratio of 70.77, a price-to-earnings-growth ratio of 2.64 and a beta of 1.00. Johnson Controls International has a 12-month low of $26.23 and a 12-month high of $62.40.
Johnson Controls International announced that its board has initiated a share repurchase program on Thursday, March 11th that authorizes the company to repurchase $4.00 billion in shares. This repurchase authorization authorizes the company to buy up to 9% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s leadership believes its shares are undervalued.
In other news, VP Robert M. Vanhimbergen sold 13,500 shares of the firm’s stock in a transaction on Wednesday, March 3rd. The shares were sold at an average price of $57.67, for a total transaction of $778,545.00. Following the transaction, the vice president now owns 46,923 shares in the company, valued at approximately $2,706,049.41. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Sreeganesh Ramaswamy sold 5,000 shares of the firm’s stock in a transaction on Friday, February 19th. The shares were sold at an average price of $56.09, for a total transaction of $280,450.00. Following the transaction, the vice president now owns 61,864 shares in the company, valued at approximately $3,469,951.76. The disclosure for this sale can be found here. In the last quarter, insiders sold 28,500 shares of company stock valued at $1,573,345. Insiders own 0.61% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the company. Lenox Wealth Advisors LLC raised its holdings in shares of Johnson Controls International by 209.6% during the 4th quarter. Lenox Wealth Advisors LLC now owns 610 shares of the company’s stock valued at $28,000 after purchasing an additional 413 shares in the last quarter. Capstone Triton Financial Group LLC acquired a new position in Johnson Controls International in the 4th quarter valued at $29,000. Glassman Wealth Services acquired a new position in Johnson Controls International in the 4th quarter valued at $30,000. Regent Peak Wealth Advisors LLC acquired a new position in Johnson Controls International in the 4th quarter valued at $34,000. Finally, Berman Capital Advisors LLC grew its stake in Johnson Controls International by 289.4% in the 4th quarter. Berman Capital Advisors LLC now owns 810 shares of the company’s stock valued at $37,000 after buying an additional 602 shares during the last quarter. Institutional investors and hedge funds own 89.61% of the company’s stock.
About Johnson Controls International
Johnson Controls International plc operates as a diversified technology and multi industrial company worldwide. It operates through Building Solutions North America, Building Solutions EMEA/LA, Building Solutions Asia Pacific, and Global Products segments. The company designs, sells, installs, and services heating, ventilating, air conditioning, controls, refrigeration, integrated electronic security, and integrated fire detection and suppression systems for commercial, industrial, retail, small business, institutional, and governmental customers; and energy efficiency solutions and technical services, including inspection, scheduled maintenance, and repair and replacement of mechanical and control systems, as well as data-driven smart building solutions to non-residential building and industrial applications.
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