Cowen downgraded shares of Johnson Controls International plc Ordinary Share (NYSE:JCI) from an outperform rating to a market perform rating in a research note published on Thursday morning, Marketbeat.com reports. Cowen currently has $42.00 target price on the auto parts company’s stock, down from their prior target price of $44.00.

JCI has been the subject of a number of other reports. Citigroup reiterated a buy rating and issued a $50.00 price objective (up from $47.00) on shares of Johnson Controls International plc Ordinary Share in a research report on Monday, October 9th. Goldman Sachs Group lowered Johnson Controls International plc Ordinary Share from a neutral rating to a sell rating and lifted their price objective for the stock from $37.36 to $44.00 in a research report on Thursday, December 7th. Robert W. Baird lowered their price objective on Johnson Controls International plc Ordinary Share from $50.00 to $48.00 and set an outperform rating for the company in a research report on Friday, November 10th. Oppenheimer reiterated a buy rating and issued a $45.00 price objective (down from $50.00) on shares of Johnson Controls International plc Ordinary Share in a research report on Friday, November 10th. Finally, Vertical Research lowered Johnson Controls International plc Ordinary Share from a buy rating to a hold rating in a research report on Friday, November 10th. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating and seven have issued a buy rating to the stock. The stock has a consensus rating of Hold and a consensus price target of $46.85.

Shares of Johnson Controls International plc Ordinary Share (NYSE JCI) traded down $0.39 during mid-day trading on Thursday, reaching $38.90. The company had a trading volume of 10,379,994 shares, compared to its average volume of 6,180,000. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.77 and a current ratio of 1.04. The firm has a market capitalization of $36,000.00, a price-to-earnings ratio of 22.75, a price-to-earnings-growth ratio of 1.05 and a beta of 0.90. Johnson Controls International plc Ordinary Share has a 1 year low of $34.51 and a 1 year high of $44.70.

Johnson Controls International plc Ordinary Share (NYSE:JCI) last announced its quarterly earnings data on Thursday, November 9th. The auto parts company reported $0.87 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.87. The firm had revenue of $8.14 billion during the quarter, compared to analyst estimates of $8.10 billion. Johnson Controls International plc Ordinary Share had a return on equity of 11.91% and a net margin of 6.32%. The company’s revenue was up 30.1% on a year-over-year basis. During the same period last year, the company earned $1.21 earnings per share. analysts expect that Johnson Controls International plc Ordinary Share will post 2.79 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, January 12th. Stockholders of record on Monday, December 18th were given a dividend of $0.26 per share. This is a positive change from Johnson Controls International plc Ordinary Share’s previous quarterly dividend of $0.25. This represents a $1.04 annualized dividend and a dividend yield of 2.67%. The ex-dividend date of this dividend was Friday, December 15th. Johnson Controls International plc Ordinary Share’s payout ratio is presently 60.82%.

Johnson Controls International plc Ordinary Share declared that its board has initiated a stock buyback program on Thursday, December 7th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the auto parts company to purchase shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s management believes its shares are undervalued.

In related news, CEO George Oliver bought 27,300 shares of the firm’s stock in a transaction dated Friday, November 24th. The stock was bought at an average cost of $36.80 per share, for a total transaction of $1,004,640.00. Following the transaction, the chief executive officer now owns 634,732 shares of the company’s stock, valued at $23,358,137.60. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Jeffrey M. Williams sold 27,734 shares of the business’s stock in a transaction dated Thursday, January 4th. The stock was sold at an average price of $40.00, for a total value of $1,109,360.00. Following the transaction, the vice president now owns 201,961 shares of the company’s stock, valued at $8,078,440. The disclosure for this sale can be found here. Insiders have bought a total of 59,300 shares of company stock valued at $2,161,560 over the last 90 days. Corporate insiders own 0.48% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the company. Gofen & Glossberg LLC IL lifted its holdings in shares of Johnson Controls International plc Ordinary Share by 1.6% during the 4th quarter. Gofen & Glossberg LLC IL now owns 230,955 shares of the auto parts company’s stock valued at $8,802,000 after purchasing an additional 3,558 shares in the last quarter. Starfire Investment Advisers Inc. bought a new position in shares of Johnson Controls International plc Ordinary Share during the 4th quarter valued at about $274,000. Daiwa SB Investments Ltd. lifted its holdings in shares of Johnson Controls International plc Ordinary Share by 94.9% during the 4th quarter. Daiwa SB Investments Ltd. now owns 33,440 shares of the auto parts company’s stock valued at $1,274,000 after purchasing an additional 16,283 shares in the last quarter. Kempner Capital Management Inc. lifted its holdings in shares of Johnson Controls International plc Ordinary Share by 43.9% during the 4th quarter. Kempner Capital Management Inc. now owns 112,585 shares of the auto parts company’s stock valued at $4,291,000 after purchasing an additional 34,361 shares in the last quarter. Finally, Atlantic Trust Group LLC bought a new position in shares of Johnson Controls International plc Ordinary Share during the 3rd quarter valued at about $26,764,000. Institutional investors and hedge funds own 89.78% of the company’s stock.

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About Johnson Controls International plc Ordinary Share

Johnson Controls, Inc is a technology company. The Company provides products, services and solutions to optimize energy and operational efficiencies of buildings; lead-acid automotive batteries and advanced batteries for hybrid and electric vehicles, and seating and interior systems for automobiles. The Company operates in two segments: Building Efficiency and Power Solutions.

Analyst Recommendations for Johnson Controls International plc Ordinary Share (NYSE:JCI)

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