Johnson Controls International (NYSE:JCI) Downgraded to "Market Perform" Rating by Oppenheimer

Johnson Controls International (NYSE:JCI - Get Free Report) was downgraded by Oppenheimer from an "outperform" rating to a "market perform" rating in a research report issued to clients and investors on Friday,Finviz reports.

A number of other equities research analysts have also issued reports on the company. Royal Bank Of Canada upped their price target on Johnson Controls International from $82.00 to $98.00 and gave the company a "sector perform" rating in a research report on Thursday, May 8th. Citigroup reduced their price objective on Johnson Controls International from $95.00 to $85.00 and set a "neutral" rating on the stock in a research note on Monday, April 14th. JPMorgan Chase & Co. increased their target price on Johnson Controls International from $81.00 to $98.00 and gave the company an "overweight" rating in a report on Friday, May 16th. Morgan Stanley raised their price objective on Johnson Controls International from $105.00 to $115.00 and gave the stock an "overweight" rating in a report on Friday, May 9th. Finally, Barclays increased their target price on shares of Johnson Controls International from $85.00 to $90.00 and gave the stock an "equal weight" rating in a research note on Wednesday, May 14th. Nine research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $97.88.

Johnson Controls International Price Performance

Shares of Johnson Controls International stock opened at $103.42 on Friday. The company has a quick ratio of 0.81, a current ratio of 0.96 and a debt-to-equity ratio of 0.48. Johnson Controls International has a twelve month low of $64.31 and a twelve month high of $105.19. The business has a 50-day moving average price of $92.90 and a 200 day moving average price of $85.42. The firm has a market cap of $68.06 billion, a PE ratio of 27.58, a P/E/G ratio of 2.26 and a beta of 1.33.

Johnson Controls International (NYSE:JCI - Get Free Report) last announced its earnings results on Wednesday, May 7th. The company reported $0.82 EPS for the quarter, beating analysts' consensus estimates of $0.77 by $0.05. Johnson Controls International had a return on equity of 15.13% and a net margin of 10.19%. The business had revenue of $5.68 billion during the quarter, compared to analysts' expectations of $5.64 billion. During the same quarter in the prior year, the firm earned $0.78 earnings per share. The business's revenue was up 1.4% compared to the same quarter last year. Sell-side analysts predict that Johnson Controls International will post 3.64 earnings per share for the current fiscal year.

Johnson Controls International announced that its board has approved a stock buyback program on Friday, June 13th that permits the company to repurchase $9.00 billion in shares. This repurchase authorization permits the company to repurchase up to 13.4% of its shares through open market purchases. Shares repurchase programs are often a sign that the company's board believes its shares are undervalued.

Insiders Place Their Bets

In related news, VP Anuruddha Rathninde sold 15,000 shares of Johnson Controls International stock in a transaction on Friday, June 6th. The shares were sold at an average price of $103.13, for a total transaction of $1,546,950.00. Following the transaction, the vice president now owns 42,574 shares in the company, valued at approximately $4,390,656.62. The trade was a 26.05% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Nathan D. Manning sold 1,422 shares of the business's stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $79.72, for a total transaction of $113,361.84. Following the completion of the transaction, the vice president now owns 145,502 shares in the company, valued at $11,599,419.44. This represents a 0.97% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 147,555 shares of company stock valued at $13,669,414. Company insiders own 0.54% of the company's stock.

Hedge Funds Weigh In On Johnson Controls International

Institutional investors have recently added to or reduced their stakes in the company. Truvestments Capital LLC lifted its holdings in Johnson Controls International by 425.0% in the 1st quarter. Truvestments Capital LLC now owns 315 shares of the company's stock worth $25,000 after buying an additional 255 shares in the last quarter. Accent Capital Management LLC bought a new stake in shares of Johnson Controls International in the 1st quarter worth about $26,000. Cornerstone Planning Group LLC increased its position in shares of Johnson Controls International by 74.5% in the 1st quarter. Cornerstone Planning Group LLC now owns 363 shares of the company's stock worth $28,000 after purchasing an additional 155 shares during the last quarter. Activest Wealth Management increased its position in shares of Johnson Controls International by 56.4% in the 1st quarter. Activest Wealth Management now owns 369 shares of the company's stock worth $30,000 after purchasing an additional 133 shares during the last quarter. Finally, SBI Securities Co. Ltd. bought a new stake in shares of Johnson Controls International in the 4th quarter worth about $29,000. Institutional investors and hedge funds own 90.05% of the company's stock.

About Johnson Controls International

Johnson Controls International plc, together with its subsidiaries, engages in engineering, manufacturing, commissioning, and retrofitting building products and systems in the United States, Europe, the Asia Pacific, and internationally. It operates in four segments: Building Solutions North America, Building Solutions EMEA/LA, Building Solutions Asia Pacific, and Global Products.

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