Johnson Controls International (NYSE:JCI) Now Covered by Wells Fargo & Company

Wells Fargo & Company started coverage on shares of Johnson Controls International (NYSE:JCI) in a note issued to investors on Thursday, Marketbeat reports. The firm set an “overweight” rating on the stock.

Other analysts also recently issued reports about the stock. Weiss Ratings restated a “buy (b)” rating on shares of Johnson Controls International in a research report on Friday, September 4th. Citigroup increased their price target on Johnson Controls International from $155.00 to $157.00 and gave the stock a “neutral” rating in a research note on Thursday, July 30th. UBS Group restated a “buy” rating on shares of Johnson Controls International in a research report on Wednesday, September 16th. The Goldman Sachs Group upped their price objective on Johnson Controls International from $169.00 to $178.00 and gave the stock a “buy” rating in a research note on Tuesday, June 2nd. Finally, Wolfe Research reiterated an “outperform” rating and set a $171.00 target price on shares of Johnson Controls International in a research report on Wednesday, June 3rd. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $157.05.

Johnson Controls International Trading Down 0.0%

Shares of NYSE:JCI opened at $150.19 on Thursday. The stock has a 50 day moving average of $145.20 and a 200 day moving average of $141.61. The company has a market cap of $90.98 billion, a PE ratio of 26.12, a price-to-earnings-growth ratio of 1.44 and a beta of 1.29. Johnson Controls International has a 12-month low of $104.49 and a 12-month high of $157.06. The company has a current ratio of 1.00, a quick ratio of 0.83 and a debt-to-equity ratio of 0.61.

Johnson Controls International (NYSE:JCI) last released its earnings results on Thursday, July 30th. The company reported $1.42 EPS for the quarter, topping analysts’ consensus estimates of $1.30 by $0.12. The company had revenue of $6.61 billion for the quarter, compared to analysts’ expectations of $6.46 billion. Johnson Controls International had a net margin of 14.32% and a return on equity of 22.11%. The firm’s revenue was up 9.3% compared to the same quarter last year. During the same quarter last year, the business earned $1.05 EPS. As a group, equities research analysts expect that Johnson Controls International will post 5.08 EPS for the current year.

Insiders Place Their Bets

In other Johnson Controls International news, VP Lei Schlitz sold 23,417 shares of Johnson Controls International stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $153.07, for a total value 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. The trade was a 60.93% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.29% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. QRG Capital Management Inc. lifted its position in Johnson Controls International by 4.7% during the second quarter. QRG Capital Management Inc. now owns 222,168 shares of the company’s stock valued at $32,461,000 after purchasing an additional 9,988 shares during the last quarter. Envestnet Portfolio Solutions Inc. increased its holdings in shares of Johnson Controls International by 14.2% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 49,499 shares of the company’s stock worth $7,232,000 after buying an additional 6,173 shares during the last quarter. State Street Corp raised its position in shares of Johnson Controls International by 2.2% during the 2nd quarter. State Street Corp now owns 28,283,873 shares of the company’s stock valued at $4,143,674,000 after buying an additional 621,319 shares in the last quarter. Sequoia Financial Advisors LLC raised its position in shares of Johnson Controls International by 17.5% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 37,970 shares of the company’s stock valued at $5,548,000 after buying an additional 5,650 shares in the last quarter. Finally, Engineers Gate Manager LP lifted its holdings in shares of Johnson Controls International by 82.5% in the 2nd quarter. Engineers Gate Manager LP now owns 116,133 shares of the company’s stock valued at $16,968,000 after acquiring an additional 52,484 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 (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.