SPC Financial Inc. Increases Stock Position in Johnson Controls International plc (NYSE:JCI)

SPC Financial Inc. increased its position in Johnson Controls International plc (NYSE:JCI) by 3.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 8,079 shares of the company’s stock after acquiring an additional 234 shares during the period. SPC Financial Inc.’s holdings in Johnson Controls International were worth $638,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Compass Financial Services Inc purchased a new position in Johnson Controls International in the 4th quarter worth approximately $26,000. SBI Securities Co. Ltd. bought a new stake in Johnson Controls International in the 4th quarter worth approximately $29,000. Synergy Asset Management LLC bought a new stake in Johnson Controls International in the 4th quarter worth approximately $42,000. ST Germain D J Co. Inc. grew its position in Johnson Controls International by 32.8% in the 4th quarter. ST Germain D J Co. Inc. now owns 543 shares of the company’s stock worth $43,000 after purchasing an additional 134 shares during the period. Finally, Western Pacific Wealth Management LP bought a new stake in Johnson Controls International in the 3rd quarter worth approximately $44,000. 90.05% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have commented on JCI shares. Royal Bank of Canada lifted their target price on shares of Johnson Controls International from $86.00 to $93.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 6th. JPMorgan Chase & Co. lifted their target price on shares of Johnson Controls International from $87.00 to $100.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Melius downgraded shares of Johnson Controls International from a “buy” rating to a “hold” rating and set a $95.00 target price for the company. in a research report on Tuesday, January 28th. Barclays lifted their target price on shares of Johnson Controls International from $75.00 to $83.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 5th. Finally, Citigroup cut their target price on shares of Johnson Controls International from $85.00 to $84.00 and set a “neutral” rating for the company in a research report on Monday, January 13th. Eight equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $91.13.

Insiders Place Their Bets

In other Johnson Controls International news, VP Nathan D. Manning sold 1,421 shares of the business’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $76.44, for a total value of $108,621.24. Following the sale, the vice president now owns 148,346 shares in the company, valued at $11,339,568.24. The trade was a 0.95 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Daniel C. Mcconeghy sold 1,950 shares of the business’s stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $87.73, for a total transaction of $171,073.50. Following the completion of the sale, the vice president now owns 24,803 shares in the company, valued at approximately $2,175,967.19. The trade was a 7.29 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 837,777 shares of company stock worth $72,867,455 in the last 90 days. 0.54% of the stock is currently owned by corporate insiders.

Johnson Controls International Stock Up 1.7 %

JCI opened at $82.29 on Thursday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.86 and a current ratio of 1.02. Johnson Controls International plc has a fifty-two week low of $59.83 and a fifty-two week high of $91.14. The firm’s fifty day moving average is $82.50 and its 200 day moving average is $79.34. The stock has a market cap of $54.32 billion, a price-to-earnings ratio of 31.41, a price-to-earnings-growth ratio of 1.96 and a beta of 1.32.

Johnson Controls International (NYSE:JCI) last released its earnings results on Wednesday, February 5th. The company reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.59 by $0.05. Johnson Controls International had a net margin of 6.83% and a return on equity of 15.11%. On average, sell-side analysts forecast that Johnson Controls International plc will post 3.64 earnings per share for the current fiscal year.

Johnson Controls International Profile

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.