Argus Upgrades Johnson Controls International (NYSE:JCI) to Buy

Johnson Controls International (NYSE:JCI) was upgraded by equities research analysts at Argus from a “hold” rating to a “buy” rating in a note issued to investors on Friday, Marketbeat reports. The firm presently has a $88.00 price target on the stock. Argus’ target price would suggest a potential upside of 9.13% from the company’s current price.

Other equities research analysts have also issued reports about the stock. Robert W. Baird increased their target price on shares of Johnson Controls International from $80.00 to $85.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Bank of America raised their price objective on Johnson Controls International from $80.00 to $95.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. UBS Group initiated coverage on Johnson Controls International in a research note on Wednesday, November 13th. They issued a “neutral” rating and a $90.00 target price for the company. Mizuho raised their price target on Johnson Controls International from $62.00 to $75.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. Finally, Wells Fargo & Company boosted their price objective on Johnson Controls International from $84.00 to $90.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. Ten investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $80.93.

Johnson Controls International Stock Performance

Shares of JCI stock opened at $80.64 on Friday. The stock has a market cap of $53.40 billion, a PE ratio of 31.75, a price-to-earnings-growth ratio of 2.31 and a beta of 1.31. The stock has a 50-day moving average of $81.00 and a 200-day moving average of $74.21. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.94 and a quick ratio of 0.79. Johnson Controls International has a one year low of $51.71 and a one year high of $87.16.

Insider Buying and Selling at Johnson Controls International

In other Johnson Controls International news, EVP Marlon Sullivan sold 7,230 shares of the stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $83.35, for a total value of $602,620.50. Following the completion of the sale, the executive vice president now owns 32,246 shares in the company, valued at $2,687,704.10. This trade represents a 18.31 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Nathan D. Manning sold 3,000 shares of the business’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $77.08, for a total transaction of $231,240.00. Following the transaction, the chief operating officer now owns 140,488 shares in the company, valued at $10,828,815.04. This represents a 2.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 761,588 shares of company stock worth $62,711,800 over the last ninety days. 0.69% of the stock is currently owned by corporate insiders.

Institutional Trading of Johnson Controls International

A number of hedge funds have recently made changes to their positions in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Johnson Controls International by 514.9% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,391,562 shares of the company’s stock valued at $418,439,000 after acquiring an additional 4,514,792 shares during the period. Barrow Hanley Mewhinney & Strauss LLC raised its position in shares of Johnson Controls International by 686.4% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 4,445,418 shares of the company’s stock valued at $295,487,000 after purchasing an additional 3,880,146 shares during the period. Point72 Asset Management L.P. lifted its stake in shares of Johnson Controls International by 263.9% during the 2nd quarter. Point72 Asset Management L.P. now owns 1,341,919 shares of the company’s stock worth $89,197,000 after buying an additional 973,145 shares during the last quarter. Electron Capital Partners LLC boosted its holdings in shares of Johnson Controls International by 81.3% during the 2nd quarter. Electron Capital Partners LLC now owns 1,432,335 shares of the company’s stock worth $95,207,000 after buying an additional 642,315 shares during the period. Finally, Interval Partners LP raised its holdings in Johnson Controls International by 601.5% in the 2nd quarter. Interval Partners LP now owns 676,676 shares of the company’s stock valued at $44,979,000 after acquiring an additional 580,212 shares during the period. 90.05% of the stock is owned by institutional investors and hedge funds.

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.