Johnson Controls International (NYSE:JCI – Get Free Report) was downgraded by equities research analysts at The Goldman Sachs Group from a “conviction-buy” rating to a “buy” rating in a note issued to investors on Monday, FlyOnTheWall reports.
A number of other brokerages have also issued reports on JCI. Oppenheimer decreased their price objective on Johnson Controls International from $79.00 to $78.00 and set an “outperform” rating for the company in a report on Thursday, August 3rd. Royal Bank of Canada decreased their price objective on Johnson Controls International from $68.00 to $67.00 and set a “sector perform” rating for the company in a report on Thursday, August 3rd. Barclays decreased their price objective on Johnson Controls International from $66.00 to $64.00 in a report on Wednesday, September 20th. Wells Fargo & Company upped their price objective on shares of Johnson Controls International from $69.00 to $74.00 in a report on Monday, July 10th. Finally, StockNews.com began coverage on shares of Johnson Controls International in a report on Thursday, August 17th. They issued a “buy” rating for the company. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, Johnson Controls International has an average rating of “Moderate Buy” and an average price target of $70.54.
Get Our Latest Stock Report on JCI
Johnson Controls International Trading Down 1.6 %
Johnson Controls International (NYSE:JCI – Get Free Report) last released its quarterly earnings data on Wednesday, August 2nd. The company reported $1.03 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.03. Johnson Controls International had a net margin of 7.74% and a return on equity of 13.69%. The business had revenue of $7.13 billion for the quarter, compared to analysts’ expectations of $7.20 billion. During the same quarter last year, the company earned $0.85 EPS. The company’s revenue for the quarter was up 7.8% compared to the same quarter last year. Equities research analysts expect that Johnson Controls International will post 3.55 EPS for the current year.
Insider Buying and Selling at Johnson Controls International
In related news, CEO George Oliver sold 103,332 shares of Johnson Controls International stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $59.23, for a total value of $6,120,354.36. Following the transaction, the chief executive officer now owns 979,759 shares of the company’s stock, valued at approximately $58,031,125.57. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.71% of the stock is owned by corporate insiders.
Institutional Investors Weigh In On Johnson Controls International
Several hedge funds have recently bought and sold shares of JCI. Norges Bank acquired a new position in Johnson Controls International in the 4th quarter valued at approximately $419,897,000. Fisher Asset Management LLC increased its stake in Johnson Controls International by 107.3% in the 1st quarter. Fisher Asset Management LLC now owns 11,334,597 shares of the company’s stock valued at $682,569,000 after buying an additional 5,865,996 shares during the period. Cullen Capital Management LLC purchased a new position in Johnson Controls International in the first quarter valued at about $204,537,000. Morgan Stanley grew its stake in Johnson Controls International by 40.7% in the fourth quarter. Morgan Stanley now owns 9,990,590 shares of the company’s stock valued at $639,398,000 after purchasing an additional 2,890,395 shares in the last quarter. Finally, Raymond James & Associates grew its stake in Johnson Controls International by 405.1% in the second quarter. Raymond James & Associates now owns 3,232,338 shares of the company’s stock valued at $220,251,000 after purchasing an additional 2,592,448 shares in the last quarter. 88.64% of the stock is owned by hedge funds and other 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.
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