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

SPC Financial Inc. lifted its holdings in Johnson Controls International plc (NYSE:JCI) by 3.0% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,079 shares of the company’s stock after buying 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 modified their holdings of the company. Park Avenue Securities LLC raised its holdings in shares of Johnson Controls International by 101.5% in the 4th quarter. Park Avenue Securities LLC now owns 26,517 shares of the company’s stock worth $2,093,000 after purchasing an additional 13,360 shares during the period. Certuity LLC bought a new stake in shares of Johnson Controls International in the 4th quarter worth approximately $243,000. Y Intercept Hong Kong Ltd raised its holdings in shares of Johnson Controls International by 136.8% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 91,248 shares of the company’s stock worth $7,082,000 after purchasing an additional 52,719 shares during the period. Geode Capital Management LLC raised its holdings in shares of Johnson Controls International by 0.5% in the 3rd quarter. Geode Capital Management LLC now owns 13,475,260 shares of the company’s stock worth $1,041,822,000 after purchasing an additional 71,493 shares during the period. Finally, BNC Wealth Management LLC bought a new stake in Johnson Controls International during the 4th quarter valued at $2,093,000. Institutional investors own 90.05% of the company’s stock.

Insider Activity

In other news, CEO George Oliver sold 162,894 shares of Johnson Controls International stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $89.28, for a total transaction of $14,543,176.32. Following the completion of the transaction, the chief executive officer now directly owns 1,203,893 shares in the company, valued at approximately $107,483,567.04. This trade represents a 11.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Daniel C. Mcconeghy sold 1,950 shares of Johnson Controls International stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $87.73, for a total transaction of $171,073.50. Following the transaction, the vice president now owns 24,803 shares of the company’s stock, valued at $2,175,967.19. The trade was a 7.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 837,777 shares of company stock worth $72,867,455. Insiders own 0.54% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Oppenheimer boosted their target price on shares of Johnson Controls International from $86.00 to $87.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Melius cut shares of Johnson Controls International from a “buy” rating to a “hold” rating and set a $95.00 target price on the stock. in a report on Tuesday, January 28th. Argus raised shares of Johnson Controls International from a “hold” rating to a “buy” rating and set a $88.00 target price on the stock in a report on Friday, December 20th. Melius Research reissued a “hold” rating and set a $95.00 target price on shares of Johnson Controls International in a report on Tuesday, January 28th. Finally, Royal Bank of Canada boosted their target price on shares of Johnson Controls International from $86.00 to $93.00 and gave the company a “sector perform” rating in a report on Thursday, February 6th. Eight equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, Johnson Controls International currently has a consensus rating of “Moderate Buy” and an average price target of $91.13.

Johnson Controls International Price Performance

JCI stock opened at $82.29 on Thursday. Johnson Controls International plc has a 1 year low of $59.83 and a 1 year high of $91.14. The company has a market cap of $54.32 billion, a P/E ratio of 31.41, a PEG ratio of 1.96 and a beta of 1.32. The firm has a 50-day moving average of $82.50 and a 200 day moving average of $79.34. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.02 and a quick ratio of 0.86.

Johnson Controls International (NYSE:JCI) last released its quarterly earnings results on Wednesday, February 5th. The company reported $0.64 earnings per share (EPS) for the quarter, topping 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 EPS for the current year.

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.