Johnson Controls International (NYSE:JCI) Raised to "Buy" at UBS Group

UBS Group upgraded shares of Johnson Controls International (NYSE:JCI - Free Report) from a neutral rating to a buy rating in a research note published on Monday morning, MarketBeat reports. UBS Group currently has $103.00 price objective on the stock, up from their previous price objective of $90.00.

Several other equities research analysts have also recently weighed in on JCI. Wells Fargo & Company boosted their target price on Johnson Controls International from $92.00 to $98.00 and gave the stock an "overweight" rating in a research note on Thursday, February 6th. Melius Research restated a "hold" rating and set a $95.00 target price on shares of Johnson Controls International in a research note on Tuesday, January 28th. JPMorgan Chase & Co. boosted their target price on Johnson Controls International from $87.00 to $100.00 and gave the stock an "overweight" rating in a research note on Thursday, February 6th. StockNews.com cut Johnson Controls International from a "buy" rating to a "hold" rating in a research note on Wednesday, November 20th. Finally, Citigroup decreased their target price on Johnson Controls International from $85.00 to $84.00 and set a "neutral" rating for the company in a research note on Monday, January 13th. Eight research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat, Johnson Controls International currently has a consensus rating of "Moderate Buy" and an average target price of $91.13.

Johnson Controls International Stock Down 0.6 %

Shares of JCI traded down $0.51 during midday trading on Monday, hitting $88.52. The company had a trading volume of 3,231,697 shares, compared to its average volume of 4,707,748. The company's 50-day simple moving average is $81.29 and its 200-day simple moving average is $77.47. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.79 and a current ratio of 1.02. The firm has a market capitalization of $58.44 billion, a P/E ratio of 33.79, a P/E/G ratio of 2.48 and a beta of 1.32. Johnson Controls International has a 1 year low of $55.07 and a 1 year high of $89.95.

Johnson Controls International (NYSE:JCI - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.05. Johnson Controls International had a return on equity of 15.11% and a net margin of 6.83%. As a group, sell-side analysts expect that Johnson Controls International will post 3.52 EPS for the current year.

Johnson Controls International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Monday, December 23rd were issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 1.67%. The ex-dividend date was Monday, December 23rd. Johnson Controls International's dividend payout ratio is presently 56.49%.

Insider Buying and Selling

In other Johnson Controls International news, VP Nathan D. Manning sold 1,421 shares of the company's stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $76.44, for a total value of $108,621.24. Following the sale, the vice president now owns 148,346 shares of the company's stock, valued at approximately $11,339,568.24. This represents a 0.95 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO George Oliver sold 224,152 shares of the company's stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $82.72, for a total value of $18,541,853.44. Following the completion of the sale, the chief executive officer now directly owns 1,166,992 shares in the company, valued at $96,533,578.24. This trade represents a 16.11 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,061,494 shares of company stock valued at $90,587,400 over the last quarter. Company insiders own 0.54% of the company's stock.

Institutional Trading of Johnson Controls International

Several large investors have recently bought and sold shares of JCI. Park Avenue Securities LLC lifted its position in shares of Johnson Controls International by 101.5% in the fourth quarter. Park Avenue Securities LLC now owns 26,517 shares of the company's stock valued at $2,093,000 after acquiring an additional 13,360 shares in the last quarter. Y Intercept Hong Kong Ltd lifted its position in shares of Johnson Controls International by 136.8% in the third quarter. Y Intercept Hong Kong Ltd now owns 91,248 shares of the company's stock valued at $7,082,000 after acquiring an additional 52,719 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Johnson Controls International by 0.5% in the third quarter. Geode Capital Management LLC now owns 13,475,260 shares of the company's stock valued at $1,041,822,000 after acquiring an additional 71,493 shares in the last quarter. BNC Wealth Management LLC purchased a new stake in shares of Johnson Controls International in the fourth quarter valued at $2,093,000. Finally, International Assets Investment Management LLC purchased a new stake in shares of Johnson Controls International in the third quarter valued at $7,692,000. 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.