Johnson Controls International Stock Rating Upgraded by StockNews.com

Johnson Controls International (NYSE:JCI) has received an upgrade in its stock rating from equities research analysts at StockNews.com. Previously rated as a "hold," the company now has a "buy" rating as per the report released on Monday.

Recent Analyst Ratings

Along with StockNews.com, several other analysts have also weighed in on Johnson Controls. Mizuho recently raised its price target on the stock from $62.00 to $75.00 while maintaining a "neutral" rating. This adjustment was noted in a research note published on October 17th. Bank of America also increased its price objective from $80.00 to $95.00, giving Johnson Controls a "buy" rating in a report dated September 27th.

Oppenheimer hiked its target price from $79.00 to $86.00 and rated the stock as "outperform" on October 2nd. Additionally, Robert W. Baird raised the price target from $72.00 to $78.00 and kept a "neutral" rating on August 1st. The Goldman Sachs Group also boosted its price objective from $73.00 to $81.00, labeling the stock as a "buy" in a report on August 2nd.

Overall, eleven equity analysts currently rate Johnson Controls as a hold, while six analysts have given it a buy rating. As per MarketBeat data, the average rating stands at "Hold" with a consensus price target of $73.43.

Stock Performance Overview

On Monday, Johnson Controls International's stock fell by $1.27, trading at $74.23, with a total trading volume of 3,410,662 shares. This volume was below the average of 4,941,853 shares. Over the past year, the stock has experienced a low of $50.00 and reached a high of $78.23. Financial indicators for the company showcase a quick ratio of 0.73, a current ratio of 0.96, and a debt-to-equity ratio of 0.46.

The firm currently holds a market capitalization of $49.59 billion, a P/E ratio of 31.06, and a price-to-earnings-growth ratio of 2.16 with a beta of 1.29. The fifty-day moving average price is $74.59, while the 200-day moving average stands at $70.56.

Insider Trading Activity

In recent insider news, COO Nathan D. Manning sold 3,000 shares of Johnson Controls on October 1st at an average price of $77.08, amounting to a total of $231,240. Following this sale, Manning holds 140,488 shares valued at approximately $10.83 million. Additionally, CEO George Oliver sold 110,615 shares on September 16th at an average price of $72.67 for a total of $8,038,392.05, retaining 1,243,751 shares worth around $90.38 million. These insider transactions have led to a minor decrease in their respective positions, as disclosed in filings with the SEC.

Institutional Investors' Insights

Various institutional investors have recently adjusted their positions in Johnson Controls. Fortitude Family Office LLC increased its stake by 195.8% in the third quarter, owning 420 shares valued at $33,000 after acquiring an additional 278 shares. Continuum Advisory LLC also raised its holdings by 65.2% during the second quarter, bringing its total to 527 shares valued at $35,000.

Wolff Wiese Magana LLC saw a substantial increase in its position by 977.3%, now holding 474 shares worth $37,000. Western Pacific Wealth Management LP purchased new shares estimated at around $44,000 in the third quarter, while Hexagon Capital Partners LLC increased its ownership by 39.7% in the second quarter, totaling 711 shares valued at $47,000.

As a whole, hedge funds and institutional investors own approximately 90.05% of Johnson Controls' stocks.

Company Overview

Johnson Controls International plc specializes in engineering, manufacturing, commissioning, and retrofitting building products and systems. The company operates across several regions including the United States, Europe, and Asia, and is divided into four primary segments: Building Solutions North America, Building Solutions EMEA/LA, Building Solutions Asia Pacific, and Global Products.

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