Johnson Controls International (NYSE:JCI – Get Free Report) was upgraded by Wells Fargo & Company to a “strong-buy” rating in a research report issued to clients and investors on Thursday, Zacks reports.
A number of other equities analysts have also recently commented on JCI. Morgan Stanley boosted their price target on Johnson Controls International from $175.00 to $180.00 and gave the stock an “overweight” rating in a report on Wednesday, September 2nd. Zacks Research lowered Johnson Controls International from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 6th. Royal Bank Of Canada lifted their target price on Johnson Controls International from $154.00 to $161.00 and gave the company a “sector perform” rating in a research report on Thursday, July 30th. Argus set a $175.00 target price on Johnson Controls International in a research note on Friday, August 7th. Finally, Sanford C. Bernstein boosted their target price on Johnson Controls International from $173.00 to $190.00 and gave the stock an “outperform” rating in a research note on Friday, August 14th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $157.05.
Read Our Latest Research Report on JCI
Johnson Controls International Stock Up 3.3%
Johnson Controls International (NYSE:JCI – Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The company reported $1.42 EPS for the quarter, beating analysts’ consensus estimates of $1.30 by $0.12. The business had revenue of $6.61 billion during the quarter, compared to the consensus estimate of $6.46 billion. Johnson Controls International had a return on equity of 22.11% and a net margin of 14.32%.Johnson Controls International’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.05 earnings per share. Equities research analysts forecast that Johnson Controls International will post 5.08 EPS for the current year.
Insider Activity at Johnson Controls International
In related news, VP Lei Schlitz sold 23,417 shares of the firm’s stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $153.07, for a total transaction of $3,584,440.19. Following the sale, the vice president owned 15,017 shares of the company’s stock, valued at $2,298,652.19. This trade represents a 60.93% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.29% of the company’s stock.
Hedge Funds Weigh In On Johnson Controls International
Large investors have recently bought and sold shares of the company. Rokos Capital Management LLP bought a new stake in shares of Johnson Controls International during the first quarter worth about $45,833,000. ABN Amro Investment Solutions bought a new position in Johnson Controls International in the 1st quarter valued at approximately $8,863,000. MUFG Securities EMEA plc raised its holdings in Johnson Controls International by 100.0% in the 4th quarter. MUFG Securities EMEA plc now owns 25,054 shares of the company’s stock valued at $3,000,000 after buying an additional 12,529 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its holdings in Johnson Controls International by 49.7% in the 1st quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 140,488 shares of the company’s stock valued at $18,397,000 after buying an additional 46,650 shares during the last quarter. Finally, Franklin Resources Inc. boosted its position in Johnson Controls International by 3.3% during the 4th quarter. Franklin Resources Inc. now owns 22,655,105 shares of the company’s stock worth $2,712,949,000 after buying an additional 718,245 shares during the period. 90.05% of the stock is currently owned by institutional investors.
Johnson Controls International Company Profile
Johnson Controls International plc (NYSE:JCI) is a global company focused on building technologies and solutions that improve the efficiency, safety and sustainability of buildings. Its offerings include heating, ventilation and air-conditioning systems, building automation and controls, fire detection and suppression equipment, security systems, and related digital technologies and services.
The company serves commercial, institutional, industrial and residential customers, helping organizations manage building operations, energy use, indoor air quality and physical security.
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