Johnson Controls International (NYSE:JCI) Given “Hold” Rating at Melius Research

Johnson Controls International (NYSE:JCI)‘s stock had its “hold” rating restated by investment analysts at Melius Research in a research note issued on Tuesday,Benzinga reports. They currently have a $95.00 price objective on the stock. Melius Research’s price objective suggests a potential upside of 25.07% from the company’s current price.

A number of other analysts have also weighed in on JCI. Oppenheimer raised their price target on shares of Johnson Controls International from $86.00 to $87.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. JPMorgan Chase & Co. lowered their price target on shares of Johnson Controls International from $88.00 to $87.00 and set an “overweight” rating for the company in a report on Wednesday, January 15th. Melius cut shares of Johnson Controls International from a “buy” rating to a “hold” rating and set a $95.00 price objective on the stock. in a research note on Tuesday. Royal Bank of Canada lifted their target price on shares of Johnson Controls International from $81.00 to $86.00 and gave the stock a “sector perform” rating in a report on Thursday, November 7th. Finally, StockNews.com lowered shares of Johnson Controls International from a “buy” rating to a “hold” rating in a report on Wednesday, November 20th. Eleven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, Johnson Controls International has a consensus rating of “Hold” and a consensus price target of $84.00.

Johnson Controls International Price Performance

Shares of Johnson Controls International stock traded down $1.10 during midday trading on Tuesday, reaching $75.96. The company had a trading volume of 2,665,636 shares, compared to its average volume of 3,441,193. The company has a current ratio of 0.94, a quick ratio of 0.79 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $50.14 billion, a price-to-earnings ratio of 29.89, a price-to-earnings-growth ratio of 2.35 and a beta of 1.32. The stock has a fifty day simple moving average of $81.48 and a 200 day simple moving average of $76.39. Johnson Controls International has a 1-year low of $52.02 and a 1-year high of $87.16.

Insider Buying and Selling

In other Johnson Controls International news, EVP Marlon Sullivan sold 7,230 shares of the business’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $83.35, for a total transaction of $602,620.50. Following the sale, the executive vice president now directly owns 32,246 shares of the company’s stock, valued at $2,687,704.10. The trade was a 18.31 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO George Oliver sold 124,497 shares of the business’s stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $82.67, for a total transaction of $10,292,166.99. Following the sale, the chief executive officer now directly owns 1,267,716 shares in the company, valued at $104,802,081.72. This trade represents a 8.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 647,787 shares of company stock valued at $53,972,452. Company insiders own 0.69% of the company’s stock.

Institutional Investors Weigh In On Johnson Controls International

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Realta Investment Advisors bought a new stake in shares of Johnson Controls International in the 4th quarter valued at about $492,000. Golden State Wealth Management LLC bought a new stake in shares of Johnson Controls International in the 4th quarter valued at about $64,000. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in shares of Johnson Controls International by 1.6% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 72,698 shares of the company’s stock valued at $5,738,000 after purchasing an additional 1,160 shares during the period. Klein Pavlis & Peasley Financial Inc. raised its holdings in shares of Johnson Controls International by 2.8% in the 4th quarter. Klein Pavlis & Peasley Financial Inc. now owns 39,968 shares of the company’s stock valued at $3,155,000 after purchasing an additional 1,072 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Johnson Controls International by 21.1% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 78,327 shares of the company’s stock valued at $6,243,000 after purchasing an additional 13,670 shares during the period. 90.05% of the stock is owned by 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.