Johnson Controls International (NYSE:JCI) Coverage Initiated at UBS Group

UBS Group initiated coverage on shares of Johnson Controls International (NYSE:JCI) in a research report released on Wednesday morning, Marketbeat.com reports. The firm issued a neutral rating and a $90.00 price objective on the stock.

JCI has been the subject of several other reports. Robert W. Baird raised their price target on Johnson Controls International from $80.00 to $85.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Morgan Stanley began coverage on shares of Johnson Controls International in a research note on Friday, September 6th. They set an “overweight” rating and a $85.00 price objective for the company. Oppenheimer upped 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 note on Thursday, November 7th. The Goldman Sachs Group increased their price target on shares of Johnson Controls International from $73.00 to $81.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Finally, Bank of America upped their price objective on Johnson Controls International from $80.00 to $95.00 and gave the company a “buy” rating in a research report on Friday, September 27th. Twelve equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, Johnson Controls International presently has an average rating of “Hold” and an average price target of $77.21.

Johnson Controls International Stock Performance

Shares of JCI opened at $84.40 on Wednesday. Johnson Controls International has a 52 week low of $51.40 and a 52 week high of $87.16. The company has a quick ratio of 0.79, a current ratio of 0.94 and a debt-to-equity ratio of 0.46. 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 business’s 50 day moving average price is $76.84 and its 200-day moving average price is $71.69.

Johnson Controls International Dividend Announcement

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

Insider Buying and Selling

In other news, COO Nathan D. Manning sold 1,167 shares of the company’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $72.75, for a total transaction of $84,899.25. Following the transaction, the chief operating officer now directly owns 143,488 shares of the company’s stock, valued at approximately $10,438,752. This represents a 0.81 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO George Oliver sold 110,615 shares of the company’s 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 transaction, the chief executive officer now directly owns 1,243,751 shares in the company, valued at $95,507,639.29. This represents a 8.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 226,141 shares of company stock worth $16,904,519 in the last three months. 0.69% of the stock is owned by insiders.

Hedge Funds Weigh In On Johnson Controls International

Institutional investors have recently bought and sold shares of the business. Capital World Investors boosted its position in Johnson Controls International by 85.5% in the 1st quarter. Capital World Investors now owns 14,142,736 shares of the company’s stock worth $923,804,000 after purchasing an additional 6,520,580 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Johnson Controls International by 514.9% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,391,562 shares of the company’s stock valued at $418,439,000 after purchasing an additional 4,514,792 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC lifted its stake in shares of Johnson Controls International by 686.4% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 4,445,418 shares of the company’s stock valued at $295,487,000 after purchasing an additional 3,880,146 shares during the period. M&G Plc purchased a new stake in Johnson Controls International during the first quarter worth $120,948,000. Finally, Toronto Dominion Bank grew its position in Johnson Controls International by 413.5% during the first quarter. Toronto Dominion Bank now owns 1,935,465 shares of the company’s stock valued at $126,425,000 after buying an additional 1,558,560 shares during the period. 90.05% of the stock is owned by hedge funds and other 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.