UBS Group Begins Coverage on Johnson Controls International (NYSE:JCI)

UBS Group assumed coverage on shares of Johnson Controls International (NYSE:JCI) in a research note published on Wednesday, MarketBeat reports. The brokerage issued a neutral rating and a $90.00 price objective on the stock.

Several other equities research analysts also recently issued reports on the stock. Morgan Stanley initiated coverage on shares of Johnson Controls International in a research report on Friday, September 6th. They set an “overweight” rating and a $85.00 price objective for the company. Wells Fargo & Company increased their price objective on Johnson Controls International from $84.00 to $90.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. StockNews.com cut Johnson Controls International from a “buy” rating to a “hold” rating in a research note on Tuesday. Oppenheimer upped their price target on Johnson Controls International from $86.00 to $87.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Finally, Robert W. Baird lifted their price target on shares of Johnson Controls International from $80.00 to $85.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Twelve analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $77.21.

Johnson Controls International Stock Up 0.1 %

Shares of Johnson Controls International stock opened at $85.79 on Wednesday. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.94 and a quick ratio of 0.79. The company has a market capitalization of $57.31 billion, a P/E ratio of 33.74, a price-to-earnings-growth ratio of 2.38 and a beta of 1.29. The business has a 50-day moving average of $76.20 and a two-hundred day moving average of $71.42. Johnson Controls International has a 1 year low of $51.40 and a 1 year high of $87.16.

Johnson Controls International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Wednesday, September 25th were issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 1.73%. The ex-dividend date of this dividend was Wednesday, September 25th. Johnson Controls International’s dividend payout ratio is currently 58.27%.

Insider Transactions at Johnson Controls International

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

Hedge Funds Weigh In On Johnson Controls International

A number of institutional investors and hedge funds have recently bought and sold shares of the company. M&G Plc acquired a new position in shares of Johnson Controls International in the first quarter valued at approximately $120,948,000. Cetera Investment Advisers lifted its holdings in shares of Johnson Controls International by 470.9% during the first quarter. Cetera Investment Advisers now owns 157,980 shares of the company’s stock worth $10,319,000 after purchasing an additional 130,308 shares during the period. Epoch Investment Partners Inc. grew its stake in shares of Johnson Controls International by 0.9% in the first quarter. Epoch Investment Partners Inc. now owns 1,129,418 shares of the company’s stock worth $73,774,000 after purchasing an additional 10,146 shares during the last quarter. International Assets Investment Management LLC acquired a new stake in Johnson Controls International in the third quarter valued at $7,692,000. Finally, Orion Portfolio Solutions LLC raised its position in Johnson Controls International by 15.8% during the 1st quarter. Orion Portfolio Solutions LLC now owns 27,191 shares of the company’s stock worth $1,776,000 after purchasing an additional 3,717 shares during the last quarter. Institutional investors and hedge funds own 90.05% of the company’s stock.

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.