Johnson Controls International plc Ordinary Share (JCI) Rating Lowered to Hold at ValuEngine

ValuEngine cut shares of Johnson Controls International plc Ordinary Share (NYSE:JCI) from a buy rating to a hold rating in a research note published on Friday, February 2nd.

Other equities research analysts also recently issued research reports about the company. Oppenheimer restated a buy rating and set a $50.00 price objective (down previously from $52.00) on shares of Johnson Controls International plc Ordinary Share in a report on Tuesday, October 31st. JMP Securities set a $50.00 price objective on Johnson Controls International plc Ordinary Share and gave the company a buy rating in a report on Monday, October 23rd. Citigroup reiterated a buy rating and set a $50.00 price target (up previously from $47.00) on shares of Johnson Controls International plc Ordinary Share in a report on Monday, October 9th. Cowen reiterated a buy rating and set a $48.00 price target on shares of Johnson Controls International plc Ordinary Share in a report on Thursday, November 9th. Finally, Robert W. Baird downgraded Johnson Controls International plc Ordinary Share from an outperform rating to a neutral rating and decreased their price target for the stock from $48.00 to $42.00 in a report on Friday, January 5th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have assigned a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus target price of $46.50.

Johnson Controls International plc Ordinary Share (NYSE:JCI) opened at $37.70 on Friday. The company has a quick ratio of 0.80, a current ratio of 1.11 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $33,610.00, a P/E ratio of 23.83, a P/E/G ratio of 1.20 and a beta of 0.81. Johnson Controls International plc Ordinary Share has a 12 month low of $34.51 and a 12 month high of $44.37.

Johnson Controls International plc Ordinary Share (NYSE:JCI) last issued its earnings results on Wednesday, January 31st. The auto parts company reported $0.54 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.51 by $0.03. The business had revenue of $7.44 billion during the quarter, compared to the consensus estimate of $7.19 billion. Johnson Controls International plc Ordinary Share had a return on equity of 11.73% and a net margin of 5.92%. The firm’s revenue for the quarter was up 4.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.53 earnings per share. analysts predict that Johnson Controls International plc Ordinary Share will post 2.79 EPS for the current year.

Johnson Controls International plc Ordinary Share declared that its Board of Directors has authorized a share repurchase program on Thursday, December 7th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the auto parts company to purchase shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.

In other Johnson Controls International plc Ordinary Share news, VP William C. Jackson bought 20,000 shares of the firm’s stock in a transaction on Tuesday, November 21st. The shares were acquired at an average cost of $36.00 per share, for a total transaction of $720,000.00. Following the purchase, the vice president now directly owns 286,842 shares of the company’s stock, valued at $10,326,312. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Jeffrey M. Williams sold 27,734 shares of the company’s stock in a transaction dated Thursday, January 4th. The stock was sold at an average price of $40.00, for a total value of $1,109,360.00. Following the completion of the transaction, the vice president now owns 201,961 shares in the company, valued at $8,078,440. The disclosure for this sale can be found here. Insiders acquired a total of 59,300 shares of company stock worth $2,161,560 over the last 90 days. Corporate insiders own 0.43% of the company’s stock.

Institutional investors have recently made changes to their positions in the company. Perigon Wealth Management LLC increased its position in shares of Johnson Controls International plc Ordinary Share by 171.7% during the 2nd 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 last quarter. Balentine LLC increased its position in shares of Johnson Controls International plc Ordinary Share by 82.0% during the 3rd 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 last quarter. Calton & Associates Inc. bought a new position in shares of Johnson Controls International plc Ordinary Share during the 4th quarter valued at about $155,000. Cable Hill Partners LLC increased its position in shares of Johnson Controls International plc Ordinary Share by 226.4% during the 3rd 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 last quarter. Finally, Field & Main Bank bought a new position in shares of Johnson Controls International plc Ordinary Share during the 4th quarter valued at about $172,000. Hedge funds and other institutional investors own 89.19% of the company’s stock.

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About Johnson Controls International plc Ordinary Share

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.

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