Johnson Controls International (NYSE:JCI) Downgraded to Hold Rating by StockNews.com

Johnson Controls International (NYSE:JCI) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a report issued on Wednesday.

Other analysts have also issued research reports about the stock. Royal Bank of Canada increased their price objective on shares of Johnson Controls International from $81.00 to $86.00 and gave the stock a “sector perform” rating in a research note on Thursday, November 7th. Barclays increased their target price on shares of Johnson Controls International from $62.00 to $64.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 2nd. Mizuho boosted their price objective on Johnson Controls International from $62.00 to $75.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. Oppenheimer boosted their target price on Johnson Controls International from $86.00 to $87.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Finally, Morgan Stanley initiated coverage on Johnson Controls International in a report on Friday, September 6th. They issued an “overweight” rating and a $85.00 price objective on the stock. Twelve research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $77.21.

Johnson Controls International Price Performance

Shares of Johnson Controls International stock traded down $0.55 during trading hours on Wednesday, hitting $82.98. The company’s stock had a trading volume of 3,333,982 shares, compared to its average volume of 4,905,529. The company has a market cap of $55.43 billion, a PE ratio of 32.67, a PEG ratio of 2.36 and a beta of 1.29. Johnson Controls International has a 12-month low of $51.70 and a 12-month high of $87.16. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.79 and a current ratio of 0.94. The business has a 50 day moving average price of $77.65 and a two-hundred day moving average price of $72.16.

Insiders Place Their Bets

In other Johnson Controls International news, CEO George Oliver sold 110,616 shares of Johnson Controls International stock in a transaction on Friday, November 15th. The shares were sold at an average price of $84.60, for a total value of $9,358,113.60. Following the sale, the chief executive officer now directly owns 1,244,617 shares in the company, valued at approximately $105,294,598.20. The trade was a 8.16 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Nathan D. Manning sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $77.08, for a total transaction of $231,240.00. Following the completion of the sale, the chief operating officer now owns 140,488 shares of the company’s stock, valued at $10,828,815.04. This trade represents a 2.09 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 336,943 shares of company stock worth $26,278,184. 0.69% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Cetera Investment Advisers raised its holdings in shares of Johnson Controls International by 470.9% during the 1st quarter. Cetera Investment Advisers now owns 157,980 shares of the company’s stock worth $10,319,000 after acquiring an additional 130,308 shares during the period. Epoch Investment Partners Inc. increased its holdings in Johnson Controls International by 0.9% in the first quarter. Epoch Investment Partners Inc. now owns 1,129,418 shares of the company’s stock valued at $73,774,000 after buying an additional 10,146 shares during the last quarter. International Assets Investment Management LLC acquired a new stake in Johnson Controls International during the third quarter worth approximately $7,692,000. O Shaughnessy Asset Management LLC increased its holdings in shares of Johnson Controls International by 29.1% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 39,436 shares of the company’s stock valued at $2,576,000 after acquiring an additional 8,897 shares during the period. Finally, CIBC Asset Management Inc lifted its stake in shares of Johnson Controls International by 6.8% in the 3rd quarter. CIBC Asset Management Inc now owns 117,328 shares of the company’s stock worth $9,106,000 after acquiring an additional 7,433 shares during the period. 90.05% of the stock is owned by institutional investors and hedge funds.

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.