Johnson Controls International plc Ordinary Share (NYSE:JCI) was downgraded by analysts at Robert W. Baird from an “outperform” rating to a “neutral” rating in a report released on Friday, MarketBeat reports. They presently have a $42.00 price target on the auto parts company’s stock, down from their previous price target of $48.00. Robert W. Baird’s price objective points to a potential upside of 9.32% from the stock’s previous close.
JCI has been the subject of several other reports. Citigroup reiterated a “buy” rating and issued a $50.00 target price (up from $47.00) on shares of Johnson Controls International plc Ordinary Share in a report on Monday, October 9th. Goldman Sachs Group cut shares of Johnson Controls International plc Ordinary Share from a “neutral” rating to a “sell” rating and raised their target price for the stock from $37.36 to $44.00 in a report on Thursday, December 7th. Oppenheimer reiterated a “buy” rating and issued a $45.00 target price (down from $50.00) on shares of Johnson Controls International plc Ordinary Share in a report on Friday, November 10th. Vertical Research cut shares of Johnson Controls International plc Ordinary Share from a “buy” rating to a “hold” rating in a report on Friday, November 10th. Finally, Vertical Group reiterated a “hold” rating on shares of Johnson Controls International plc Ordinary Share in a report on Friday, November 10th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have given a buy rating to the company. Johnson Controls International plc Ordinary Share presently has a consensus rating of “Hold” and an average target price of $47.31.
Shares of Johnson Controls International plc Ordinary Share (NYSE JCI) traded down $1.43 on Friday, hitting $38.42. 9,322,017 shares of the company’s stock traded hands, compared to its average volume of 5,680,000. Johnson Controls International plc Ordinary Share has a one year low of $34.51 and a one year high of $44.70. The firm has a market capitalization of $36,880.00, a PE ratio of 22.47, a price-to-earnings-growth ratio of 1.07 and a beta of 0.90. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.77 and a current ratio of 1.04.
Johnson Controls International plc Ordinary Share declared that its Board of Directors has authorized a stock repurchase plan on Thursday, December 7th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the auto parts company to buy shares of its stock through open market purchases. Shares buyback plans are typically an indication that the company’s board believes its shares are undervalued.
In other Johnson Controls International plc Ordinary Share news, VP William C. Jackson acquired 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 21st. The shares were purchased at an average price of $36.00 per share, with a total value of $720,000.00. Following the completion of the transaction, the vice president now owns 286,842 shares in the company, valued at $10,326,312. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, CEO George Oliver acquired 27,300 shares of the business’s stock in a transaction that occurred on Friday, November 24th. The shares were acquired 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 approximately $23,358,137.60. The disclosure for this purchase can be found here. 0.48% of the stock is currently owned by company insiders.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Harfst & Associates Inc. raised its position in shares of Johnson Controls International plc Ordinary Share by 16.9% in the second quarter. Harfst & Associates Inc. now owns 2,691 shares of the auto parts company’s stock valued at $116,000 after purchasing an additional 389 shares during the period. Perigon Wealth Management LLC raised its position in shares of Johnson Controls International plc Ordinary Share by 171.7% in the second quarter. Perigon Wealth Management LLC now owns 2,663 shares of the auto parts company’s stock valued at $116,000 after purchasing an additional 1,683 shares during the period. Archford Capital Strategies LLC raised its position in shares of Johnson Controls International plc Ordinary Share by 5,344.7% in the second quarter. Archford Capital Strategies LLC now owns 8,167 shares of the auto parts company’s stock valued at $124,000 after purchasing an additional 8,017 shares during the period. Balentine LLC raised its position in shares of Johnson Controls International plc Ordinary Share by 82.0% in the third quarter. Balentine LLC now owns 3,307 shares of the auto parts company’s stock valued at $133,000 after purchasing an additional 1,490 shares during the period. Finally, Cable Hill Partners LLC raised its position in shares of Johnson Controls International plc Ordinary Share by 226.4% in the third quarter. Cable Hill Partners LLC now owns 4,380 shares of the auto parts company’s stock valued at $176,000 after purchasing an additional 3,038 shares during the period. 89.78% of the stock is currently owned by hedge funds and other institutional investors.
Johnson Controls International plc Ordinary Share Company Profile
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.
