Johnson Controls International plc (NYSE:JCI) Shares Sold by Davis Selected Advisers

Davis Selected Advisers decreased its position in shares of Johnson Controls International plc (NYSE:JCI) by 13.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 403,534 shares of the company’s stock after selling 60,135 shares during the quarter. Davis Selected Advisers’ holdings in Johnson Controls International were worth $31,851,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Compass Financial Services Inc bought a new stake in shares of Johnson Controls International during the fourth quarter valued at about $26,000. SBI Securities Co. Ltd. bought a new stake in shares of Johnson Controls International during the fourth quarter valued at about $29,000. Synergy Asset Management LLC bought a new stake in shares of Johnson Controls International during the fourth quarter valued at about $42,000. ST Germain D J Co. Inc. raised its stake in shares of Johnson Controls International by 32.8% during the fourth quarter. ST Germain D J Co. Inc. now owns 543 shares of the company’s stock valued at $43,000 after purchasing an additional 134 shares in the last quarter. Finally, Western Pacific Wealth Management LP bought a new stake in shares of Johnson Controls International during the third quarter valued at about $44,000. 90.05% of the stock is currently owned by institutional investors.

Johnson Controls International Trading Down 1.2 %

Shares of JCI opened at $80.07 on Friday. The business’s 50-day moving average price is $82.51 and its 200 day moving average price is $79.42. The stock has a market capitalization of $52.86 billion, a P/E ratio of 30.56, a P/E/G ratio of 1.96 and a beta of 1.32. Johnson Controls International plc has a 1-year low of $59.83 and a 1-year high of $91.14. The company has a current ratio of 1.02, a quick ratio of 0.86 and a debt-to-equity ratio of 0.50.

Johnson Controls International (NYSE:JCI) last issued its quarterly earnings results on Wednesday, February 5th. The company reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates of $0.59 by $0.05. Johnson Controls International had a return on equity of 15.11% and a net margin of 6.83%. Analysts expect that Johnson Controls International plc will post 3.64 earnings per share for the current year.

Insider Buying and Selling at Johnson Controls International

In other Johnson Controls International news, CEO George Oliver sold 162,894 shares of Johnson Controls International stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $89.28, for a total transaction of $14,543,176.32. Following the transaction, the chief executive officer now owns 1,203,893 shares of the company’s stock, valued at $107,483,567.04. The trade was a 11.92 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Marlon Sullivan sold 7,230 shares of Johnson Controls International stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $83.35, for a total value of $602,620.50. Following the transaction, the executive vice president now directly owns 32,246 shares in the company, valued at approximately $2,687,704.10. This trade represents a 18.31 % 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 valued at $72,867,455 in the last 90 days. 0.54% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on JCI shares. UBS Group upgraded shares of Johnson Controls International from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $90.00 to $103.00 in a research note on Monday, February 10th. Morgan Stanley lifted their price objective on shares of Johnson Controls International from $95.00 to $105.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Argus upgraded shares of Johnson Controls International from a “hold” rating to a “buy” rating and set a $88.00 price target on the stock in a research report on Friday, December 20th. Citigroup dropped their price target on shares of Johnson Controls International from $85.00 to $84.00 and set a “neutral” rating on the stock in a research report on Monday, January 13th. Finally, Royal Bank of Canada boosted their price target 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. Eight investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Johnson Controls International has an average rating of “Moderate Buy” and a consensus target price of $91.13.

Johnson Controls International Company 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.