Johnson Controls International (NYSE:JCI) Stock Rating Lowered by StockNews.com

StockNews.com cut shares of Johnson Controls International (NYSE:JCI - Free Report) from a buy rating to a hold rating in a research note published on Tuesday.

JCI has been the subject of several other research reports. Bank of America lifted their price target 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. Mizuho lifted their price target on shares of Johnson Controls International from $62.00 to $75.00 and gave the company a "neutral" rating in a research note on Thursday, October 17th. Morgan Stanley started 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 target for the company. Oppenheimer lifted their price target on shares of Johnson Controls International from $86.00 to $87.00 and gave the company an "outperform" rating in a research note on Thursday, November 7th. Finally, Wells Fargo & Company lifted their price objective on shares of Johnson Controls International from $84.00 to $90.00 and gave the company an "overweight" rating in a report on Thursday, November 7th. Twelve research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $75.64.

Johnson Controls International Trading Down 1.7 %

NYSE JCI traded down $1.44 during trading on Tuesday, hitting $85.16. The stock had a trading volume of 3,420,012 shares, compared to its average volume of 4,945,722. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.73 and a current ratio of 0.94. The stock has a market capitalization of $56.89 billion, a price-to-earnings ratio of 34.09, a P/E/G ratio of 2.46 and a beta of 1.29. Johnson Controls International has a one year low of $50.60 and a one year high of $87.16. The stock has a 50 day simple moving average of $75.60 and a 200 day simple moving average of $71.18.

Johnson Controls International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Wednesday, September 25th were issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.74%. The ex-dividend date of this dividend was Wednesday, September 25th. Johnson Controls International's dividend payout ratio (DPR) is presently 58.27%.

Insider Activity

In other news, COO Nathan D. Manning sold 1,167 shares of the business's stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $72.75, for a total transaction of $84,899.25. Following the sale, the chief operating officer now directly owns 143,488 shares of the company's stock, valued at $10,438,752. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO George Oliver sold 110,615 shares of the business's stock in a transaction on Monday, September 16th. The shares were sold at an average price of $72.67, for a total transaction of $8,038,392.05. Following the completion of the transaction, the chief executive officer now directly owns 1,243,751 shares in the company, valued at $90,383,385.17. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Nathan D. Manning sold 1,167 shares of the business's stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $72.75, for a total transaction of $84,899.25. Following the transaction, the chief operating officer now owns 143,488 shares of the company's stock, valued at $10,438,752. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 226,141 shares of company stock valued at $16,904,519 over the last ninety days. 0.69% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of JCI. Capital World Investors increased its stake in shares of Johnson Controls International by 85.5% during the first 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. Dimensional Fund Advisors LP increased its stake in shares of Johnson Controls International by 8.9% during the second quarter. Dimensional Fund Advisors LP now owns 5,855,075 shares of the company's stock worth $389,214,000 after purchasing an additional 479,548 shares in the last quarter. Raymond James & Associates increased its stake in shares of Johnson Controls International by 5.6% during the third quarter. Raymond James & Associates now owns 4,735,147 shares of the company's stock worth $367,495,000 after purchasing an additional 249,405 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC increased its stake in shares of Johnson Controls International by 686.4% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 4,445,418 shares of the company's stock worth $295,487,000 after purchasing an additional 3,880,146 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its stake in shares of Johnson Controls International by 2.5% during the second quarter. Envestnet Asset Management Inc. now owns 2,401,984 shares of the company's stock worth $159,660,000 after purchasing an additional 59,274 shares in the last quarter. Institutional investors and hedge funds own 90.05% of the company's stock.

Johnson Controls International Company Profile

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.