Barclays Lowers Johnson Controls International (NYSE:JCI) Price Target to $85.00

Johnson Controls International (NYSE:JCI - Free Report) had its price objective trimmed by Barclays from $88.00 to $85.00 in a research note released on Monday, Marketbeat.com reports. The firm currently has an equal weight rating on the stock.

A number of other equities analysts have also recently commented on the company. Melius cut Johnson Controls International from a "buy" rating to a "hold" rating and set a $95.00 target price for the company. in a report on Tuesday, January 28th. Wells Fargo & Company boosted their price objective on shares of Johnson Controls International from $92.00 to $98.00 and gave the company an "overweight" rating in a research report on Thursday, February 6th. Melius Research restated a "hold" rating and issued a $95.00 target price on shares of Johnson Controls International in a report on Tuesday, January 28th. Argus upgraded shares of Johnson Controls International from a "hold" rating to a "buy" rating and set a $88.00 price target on the stock in a report on Friday, December 20th. Finally, StockNews.com lowered shares of Johnson Controls International from a "buy" rating to a "hold" rating in a research report on Wednesday, November 20th. Eight analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $91.27.

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Johnson Controls International Price Performance

Shares of NYSE:JCI traded down $0.98 during mid-day trading on Monday, reaching $76.94. The stock had a trading volume of 6,640,767 shares, compared to its average volume of 4,704,688. The company has a market cap of $50.79 billion, a P/E ratio of 29.37, a price-to-earnings-growth ratio of 1.96 and a beta of 1.32. The business's 50 day moving average price is $82.49 and its 200 day moving average price is $79.60. The company has a current ratio of 1.02, a quick ratio of 0.86 and a debt-to-equity ratio of 0.50. Johnson Controls International has a 1 year low of $59.83 and a 1 year high of $91.14.

Johnson Controls International (NYSE:JCI - Get Free Report) last posted its earnings results on Wednesday, February 5th. The company reported $0.64 EPS for the quarter, beating analysts' consensus estimates of $0.59 by $0.05. Johnson Controls International had a return on equity of 15.11% and a net margin of 6.83%. Research analysts expect that Johnson Controls International will post 3.64 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, EVP Marlon Sullivan sold 7,230 shares of the business's stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $83.35, for a total value of $602,620.50. Following the completion of the transaction, the executive vice president now owns 32,246 shares of the company's stock, valued at $2,687,704.10. The trade was a 18.31 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Nathan D. Manning sold 1,421 shares of the stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $76.44, for a total value of $108,621.24. Following the sale, the vice president now directly owns 148,346 shares in the company, valued at $11,339,568.24. This trade represents a 0.95 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 713,280 shares of company stock worth $62,575,288 in the last three months. Corporate insiders own 0.54% of the company's stock.

Institutional Investors Weigh In On Johnson Controls International

A number of hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. raised its holdings in Johnson Controls International by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 68,156,110 shares of the company's stock worth $5,379,562,000 after purchasing an additional 179,743 shares in the last quarter. State Street Corp grew its position in shares of Johnson Controls International by 1.1% in the 3rd quarter. State Street Corp now owns 27,939,766 shares of the company's stock worth $2,178,595,000 after buying an additional 300,712 shares during the last quarter. Franklin Resources Inc. raised its stake in shares of Johnson Controls International by 6.0% during the 4th quarter. Franklin Resources Inc. now owns 23,344,374 shares of the company's stock worth $1,842,571,000 after acquiring an additional 1,325,500 shares in the last quarter. Invesco Ltd. lifted its position in Johnson Controls International by 13.2% during the fourth quarter. Invesco Ltd. now owns 18,407,597 shares of the company's stock valued at $1,452,912,000 after acquiring an additional 2,150,573 shares during the last quarter. Finally, Fisher Asset Management LLC boosted its stake in Johnson Controls International by 2.9% in the fourth quarter. Fisher Asset Management LLC now owns 15,743,019 shares of the company's stock valued at $1,242,597,000 after acquiring an additional 447,513 shares in the last quarter. 90.05% of the stock is currently 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.