Johnson Controls International (NYSE:JCI) Receives Hold Rating from Melius Research

Melius Research reaffirmed their hold rating on shares of Johnson Controls International (NYSE:JCI) in a research note published on Tuesday morning, MarketBeat Ratings reports. They currently have a $95.00 price objective on the stock.

JCI has been the topic of a number of other research reports. Mizuho upped their price target on Johnson Controls International from $62.00 to $75.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th. Wells Fargo & Company dropped their price target on Johnson Controls International from $95.00 to $92.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 7th. UBS Group began coverage on Johnson Controls International in a research report on Wednesday, November 13th. They set a “neutral” rating and a $90.00 price target on the stock. Oppenheimer upped their price target on Johnson Controls International from $86.00 to $87.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Finally, Melius cut Johnson Controls International from a “buy” rating to a “hold” rating and set a $95.00 price target on the stock. in a research report on Tuesday. Eleven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Johnson Controls International currently has an average rating of “Hold” and a consensus target price of $84.00.

Johnson Controls International Stock Up 2.5 %

JCI stock opened at $78.16 on Tuesday. The stock’s fifty day simple moving average is $81.20 and its two-hundred day simple moving average is $76.44. The company has a current ratio of 0.94, a quick ratio of 0.79 and a debt-to-equity ratio of 0.46. Johnson Controls International has a 1-year low of $52.02 and a 1-year high of $87.16. The stock has a market cap of $51.60 billion, a P/E ratio of 30.77, a P/E/G ratio of 2.35 and a beta of 1.32.

Johnson Controls International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Monday, December 23rd were paid a $0.37 dividend. The ex-dividend date of this dividend was Monday, December 23rd. This represents a $1.48 dividend on an annualized basis and a yield of 1.89%. Johnson Controls International’s dividend payout ratio is currently 58.27%.

Insider Activity

In other news, EVP Marlon Sullivan sold 7,230 shares of the stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $83.35, for a total transaction of $602,620.50. Following the transaction, the executive vice president now directly owns 32,246 shares in the company, valued at approximately $2,687,704.10. This represents a 18.31 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO George Oliver sold 224,152 shares of Johnson Controls International stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $82.72, for a total value of $18,541,853.44. Following the completion of the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 647,787 shares of company stock worth $53,972,452. 0.69% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Johnson Controls International

Large investors have recently bought and sold shares of the stock. Compass Financial Services Inc purchased a new position in Johnson Controls International in the 4th quarter worth approximately $26,000. Fortitude Family Office LLC increased its stake in Johnson Controls International by 195.8% in the 3rd quarter. Fortitude Family Office LLC now owns 420 shares of the company’s stock worth $33,000 after purchasing an additional 278 shares during the period. Wolff Wiese Magana LLC increased its stake in Johnson Controls International by 977.3% in the 3rd quarter. Wolff Wiese Magana LLC now owns 474 shares of the company’s stock worth $37,000 after purchasing an additional 430 shares during the period. Synergy Asset Management LLC purchased a new position in Johnson Controls International in the 4th quarter worth approximately $42,000. Finally, ST Germain D J Co. Inc. increased its stake in Johnson Controls International by 32.8% in the 4th quarter. ST Germain D J Co. Inc. now owns 543 shares of the company’s stock worth $43,000 after purchasing an additional 134 shares during the period. 90.05% of the stock is owned by hedge funds and other institutional investors.

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.