Johnson Controls International (NYSE:JCI) Stock Rating Upgraded by Zacks Research

Johnson Controls International (NYSE:JCI) was upgraded by investment analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued on Thursday,Zacks.com reports.

Other analysts also recently issued research reports about the company. HSBC lifted their price objective on Johnson Controls International from $127.00 to $136.00 in a research note on Thursday, May 7th. Barclays boosted their target price on Johnson Controls International from $136.00 to $144.00 and gave the company an “equal weight” rating in a research report on Thursday, May 7th. BNP Paribas Exane began coverage on Johnson Controls International in a report on Tuesday, April 14th. They issued an “underperform” rating and a $120.00 price target on the stock. Wall Street Zen upgraded Johnson Controls International from a “hold” rating to a “buy” rating in a research note on Sunday, May 3rd. Finally, UBS Group lifted their target price on Johnson Controls International from $170.00 to $180.00 and gave the stock a “buy” rating in a research report on Tuesday, June 2nd. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $152.85.

Johnson Controls International Price Performance

JCI stock opened at $138.62 on Thursday. The firm has a 50 day moving average price of $141.69 and a 200-day moving average price of $132.76. The firm has a market capitalization of $84.57 billion, a price-to-earnings ratio of 24.80, a PEG ratio of 1.56 and a beta of 1.32. Johnson Controls International has a 52-week low of $102.09 and a 52-week high of $149.38. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.85 and a current ratio of 1.04.

Johnson Controls International (NYSE:JCI) last posted its earnings results on Tuesday, March 31st. The company reported $1.19 EPS for the quarter. The business had revenue of $6.14 billion during the quarter. Johnson Controls International had a return on equity of 19.50% and a net margin of 14.45%. Equities research analysts forecast that Johnson Controls International will post 4.89 EPS for the current fiscal year.

Insider Buying and Selling at Johnson Controls International

In other news, VP Lei Zhang Schlitz sold 88,809 shares of the stock in a transaction on Friday, May 8th. The shares were sold at an average price of $140.99, for a total value of $12,521,180.91. Following the sale, the vice president owned 57,059 shares in the company, valued at $8,044,748.41. This represents a 60.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Todd M. Grabowski sold 1,800 shares of the stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $146.20, for a total value of $263,160.00. Following the sale, the vice president directly owned 26,215 shares in the company, valued at $3,832,633. This represents a 6.43% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.29% of the company’s stock.

Hedge Funds Weigh In On Johnson Controls International

Institutional investors and hedge funds have recently modified their holdings of the business. Maseco LLP lifted its position in shares of Johnson Controls International by 102.9% during the 4th quarter. Maseco LLP now owns 211 shares of the company’s stock valued at $25,000 after buying an additional 107 shares in the last quarter. Mcguire Capital Advisors Inc. acquired a new stake in Johnson Controls International in the 4th quarter valued at $27,000. Roxbury Financial LLC increased its holdings in Johnson Controls International by 71.9% in the 4th quarter. Roxbury Financial LLC now owns 239 shares of the company’s stock worth $29,000 after acquiring an additional 100 shares in the last quarter. Twin Tree Management LP increased its holdings in Johnson Controls International by 140.9% in the 4th quarter. Twin Tree Management LP now owns 260 shares of the company’s stock worth $31,000 after acquiring an additional 895 shares in the last quarter. Finally, YANKCOM Partnership acquired a new position in Johnson Controls International during the fourth quarter worth $34,000. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Johnson Controls International Company Profile

Johnson Controls International plc is a global diversified technology and multi‑industrial company that develops products, services and solutions for buildings and energy storage. The company’s core focus is on improving building efficiency, safety and sustainability through a combination of HVAC equipment, building controls and automation, fire and security systems, and related services. Johnson Controls traces its roots to 1885, when inventor Warren S. Johnson developed an electric room thermostat; over its long history the company has expanded from controls into a broad set of building‑related technologies and, through corporate transactions, into a global provider of integrated building solutions.

Johnson Controls’ product and service portfolio includes heating, ventilation and air‑conditioning equipment, chillers, air handlers and related mechanical systems, together with building automation and control platforms that monitor and manage energy use, indoor environmental quality and security.