Johnson Controls International (NYSE:JCI) Stock Rating Lowered by Oppenheimer

Johnson Controls International (NYSE:JCI) was downgraded by equities researchers at Oppenheimer from an “outperform” rating to a “market perform” rating in a report issued on Friday, Marketbeat reports.

A number of other research analysts have also commented on the stock. JPMorgan Chase & Co. upped their price objective on shares of Johnson Controls International from $81.00 to $98.00 and gave the company an “overweight” rating in a research report on Friday, May 16th. UBS Group reaffirmed a “buy” rating and set a $116.00 price objective (up previously from $103.00) on shares of Johnson Controls International in a research report on Thursday, May 22nd. Robert W. Baird upped their price objective on shares of Johnson Controls International from $84.00 to $90.00 and gave the company a “neutral” rating in a research report on Thursday, May 8th. Morgan Stanley upped their price objective on shares of Johnson Controls International from $105.00 to $115.00 and gave the company an “overweight” rating in a research report on Friday, May 9th. Finally, Citigroup cut their price objective on shares of Johnson Controls International from $95.00 to $85.00 and set a “neutral” rating for the company in a research report on Monday, April 14th. Nine equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $97.88.

Johnson Controls International Stock Down 1.3%

Johnson Controls International stock opened at $102.10 on Friday. The firm has a market cap of $67.18 billion, a price-to-earnings ratio of 27.23, a P/E/G ratio of 2.24 and a beta of 1.33. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.96 and a quick ratio of 0.81. Johnson Controls International has a fifty-two week low of $64.31 and a fifty-two week high of $105.19. The firm has a fifty day moving average price of $93.39 and a two-hundred day moving average price of $85.56.

Johnson Controls International (NYSE:JCI) last released its earnings results on Wednesday, May 7th. The company reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.77 by $0.05. The firm had revenue of $5.68 billion during the quarter, compared to analyst estimates of $5.64 billion. Johnson Controls International had a net margin of 10.19% and a return on equity of 15.13%. The business’s revenue was up 1.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.78 EPS. As a group, analysts forecast that Johnson Controls International will post 3.64 earnings per share for the current year.

Johnson Controls International declared that its Board of Directors has initiated a share buyback program on Friday, June 13th that authorizes the company to repurchase $9.00 billion in shares. This repurchase authorization authorizes the company to purchase up to 13.4% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s management believes its stock is undervalued.

Insider Transactions at Johnson Controls International

In related news, VP Nathan D. Manning sold 1,422 shares of the stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $79.72, for a total transaction of $113,361.84. Following the sale, the vice president now directly owns 145,502 shares in the company, valued at $11,599,419.44. This represents a 0.97% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Marc Vandiepenbeeck sold 28,289 shares of the stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $90.92, for a total value of $2,572,035.88. Following the sale, the chief financial officer now owns 147,673 shares in the company, valued at approximately $13,426,429.16. This trade represents a 16.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 147,555 shares of company stock valued at $13,669,414. Corporate insiders own 0.54% of the company’s stock.

Institutional Investors Weigh In On Johnson Controls International

A number of large investors have recently bought and sold shares of JCI. Brighton Jones LLC bought a new stake in Johnson Controls International during the 4th quarter worth approximately $222,000. Bank Pictet & Cie Europe AG grew its position in Johnson Controls International by 67.4% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 88,569 shares of the company’s stock worth $6,991,000 after acquiring an additional 35,655 shares during the last quarter. Principal Securities Inc. boosted its position in Johnson Controls International by 26.0% in the 4th quarter. Principal Securities Inc. now owns 6,880 shares of the company’s stock valued at $543,000 after buying an additional 1,419 shares during the last quarter. Allworth Financial LP boosted its position in Johnson Controls International by 6.3% in the 4th quarter. Allworth Financial LP now owns 5,913 shares of the company’s stock valued at $485,000 after buying an additional 351 shares during the last quarter. Finally, J.W. Cole Advisors Inc. boosted its position in Johnson Controls International by 9.6% in the 4th quarter. J.W. Cole Advisors Inc. now owns 3,539 shares of the company’s stock valued at $279,000 after buying an additional 309 shares during the last quarter. 90.05% of the stock is currently owned by institutional investors.

Johnson Controls International Company Profile

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.