Barclays analysts downgrades an Equal weight rating for Johnson Controls International plc (JCI)


Johnson Controls International plc’s recent filing unveils that its Chairman & CEO Oliver George unloaded Company’s shares for reported $6.12 million on Aug 23. In the deal valued at $59.23 per share,103,332 shares were sold. As a result of this transaction, Oliver George now holds 979,759 shares worth roughly $ 57.44 million.

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Then, MANNING NATHAN D sold 35,478 shares, generating $2,235,437 in total proceeds. Upon selling the shares at $63.01, the COO, Global Field Ops now owns 90,485 shares.

Before that, Donofrio John sold 14,253 shares. Johnson Controls International plc shares valued at $898,247 were divested by the Exec VP & General Counsel at a price of $63.02 per share. As a result of the transaction, Donofrio John now holds 37,090 shares, worth roughly $2.17 million.

Barclays downgraded its Johnson Controls International plc [JCI] rating to an Equal weight from a an Overweight in a research note published on Monday. PT values the company’s stock at a premium of 16.24 to its Monday closing price.

Price Performance Review of JCI

On Monday, Johnson Controls International plc [NYSE:JCI] saw its stock jump 0.17% to $58.63. On the same session, the stock had its day’s lowest price of $58.43, but rose to a high of $59.19. Over the last five days, the stock has lost -0.37%. Johnson Controls International plc shares have fallen nearly -8.39% since the year began. Nevertheless, the stocks have risen 2.82% over the past one year. While a 52-week high of $70.43 was reached on 08/01/23, a 52-week low of $48.82 was recorded on 04/06/23. SMA at 50 days reached $64.91, while 200 days put it at $63.64. A total of 2.31 million shares were traded, compared to the trading of 2.35 million shares in the previous session.

Levels Of Support And Resistance For JCI Stock

The 24-hour chart illustrates a support level at 58.31, which if violated will result in even more drops to 57.99. On the upside, there is a resistance level at 59.07. A further resistance level may holdings at 59.51. The Relative Strength Index (RSI) on the 14-day chart is 28.29, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.65, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 79.63%. Stochastics %K at 12.42% indicates the stock is a buying.

How much short interest is there in Johnson Controls International plc?

A steep rise in short interest was recorded in Johnson Controls International plc stocks on Aug 14, 2023, growing by 30000.0 shares to a total of 5.78 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 5.75 million shares. There was a rise of 0.52%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 0.85% of the overall stock float, the days-to-cover ratio (short ratio) rose to 1.4.

Johnson Controls International plc [JCI] – Who Are The Largest Shareholders?

In filings from Dodge & Cox, it is revealed that the company now owns 61,398,554 shares, or roughly 8.95% of the outstanding JCI shares. In other words, the investor’s shares have fallen by -821,983 from its previous 13-F filing of 62220537.0. Additionally, The Vanguard Group, Inc. increased 1.24% of its stake after which the total value it holdings stand at $4,041,316,256, while Wellington Management Co. LLP reduced -14.11% of its stake to hold $2.92 billion in the firm. Over the last quarter, Massachusetts Financial Services sold -7,270,539 shares of Johnson Controls International plc, while BlackRock Fund Advisors sold -586,882 shares. At present, SSgA Funds Management, Inc. is holding 28,325,223 shares valued at $1.97 billion. Geode Capital Management LLC owned 12,489,830 shares of the company at the time of its most recent 13F filing, worth $868.67 million.

According to FactSet, Johnson Controls International plc’s share price will average $74.25 in the next year, based on opinions of analysts polled by the firm. This is up nearly 24.72 percent from its previous closing price of $58.53. Analysts expect Johnson Controls International plc stock to reach the higher price of $86.00, while the lowest price estimate is $67.00. However, 23 analysts have rated JCI stock as an Overweight in their predictions for 2023.


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