JPMorgan Chase & Co. Has Lowered Expectations for Johnson Controls International (NYSE:JCI) Stock Price

Johnson Controls International (NYSE:JCI) had its target price cut by equities research analysts at JPMorgan Chase & Co. from $88.00 to $87.00 in a research report issued on Wednesday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target suggests a potential upside of 8.49% from the stock’s previous close.

A number of other equities analysts have also recently commented on the stock. Robert W. Baird lifted their price objective on shares of Johnson Controls International from $80.00 to $85.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Argus raised Johnson Controls International from a “hold” rating to a “buy” rating and set a $88.00 price target for the company in a report on Friday, December 20th. Royal Bank of Canada upped their price target on shares of Johnson Controls International from $81.00 to $86.00 and gave the company a “sector perform” rating in a research note on Thursday, November 7th. Oppenheimer boosted their price target on Johnson Controls International from $86.00 to $87.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Finally, Barclays increased their price objective on shares of Johnson Controls International from $75.00 to $83.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 5th. Ten analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $82.53.

Johnson Controls International Trading Up 1.1 %

Johnson Controls International stock opened at $80.19 on Wednesday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.79 and a current ratio of 0.94. The stock has a 50-day simple moving average of $82.10 and a 200 day simple moving average of $75.52. The stock has a market capitalization of $53.10 billion, a P/E ratio of 31.57, a PEG ratio of 2.31 and a beta of 1.32. Johnson Controls International has a 52 week low of $51.71 and a 52 week high of $87.16.

Insider Activity at Johnson Controls International

In related news, CEO George Oliver sold 224,152 shares of the firm’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $82.72, for a total transaction of $18,541,853.44. Following the transaction, the chief executive officer now directly owns 1,166,992 shares of the company’s stock, valued at approximately $96,533,578.24. This trade represents a 16.11 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Marlon Sullivan sold 7,230 shares of the company’s stock in a transaction that occurred on Wednesday, December 11th. The stock was 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 directly owns 32,246 shares of the company’s stock, valued at approximately $2,687,704.10. This represents a 18.31 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 647,973 shares of company stock worth $53,986,862. Corporate insiders own 0.69% of the company’s stock.

Institutional Investors Weigh In On Johnson Controls International

Institutional investors have recently made changes to their positions in the business. Fortitude Family Office LLC increased its stake in Johnson Controls International by 195.8% in the 3rd quarter. Fortitude Family Office LLC now owns 420 shares of the company’s stock worth $33,000 after purchasing an additional 278 shares during the period. Wolff Wiese Magana LLC raised its stake in shares of Johnson Controls International by 977.3% during the third quarter. Wolff Wiese Magana LLC now owns 474 shares of the company’s stock valued at $37,000 after acquiring an additional 430 shares during the last quarter. ST Germain D J Co. Inc. grew its position in shares of Johnson Controls International by 32.8% in the 4th quarter. ST Germain D J Co. Inc. now owns 543 shares of the company’s stock worth $43,000 after buying an additional 134 shares during the last quarter. Western Pacific Wealth Management LP purchased a new stake in Johnson Controls International in the third quarter worth $44,000. Finally, Friedenthal Financial bought a new stake in Johnson Controls International in the fourth quarter valued at $49,000. Hedge funds and other institutional investors 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.