Cullen Frost Bankers Inc. Sells 300 Shares of Johnson Controls International plc (NYSE:JCI)

Cullen Frost Bankers Inc. lessened its stake in Johnson Controls International plc (NYSE:JCI) by 5.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 5,645 shares of the company’s stock after selling 300 shares during the period. Cullen Frost Bankers Inc.’s holdings in Johnson Controls International were worth $446,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in JCI. Compass Financial Services Inc bought a new stake in shares of Johnson Controls International in the 4th quarter valued at about $26,000. SBI Securities Co. Ltd. bought a new stake in shares of Johnson Controls International during the 4th quarter valued at about $29,000. Synergy Asset Management LLC bought a new stake in shares of Johnson Controls International during the 4th quarter valued at about $42,000. ST Germain D J Co. Inc. boosted its position in shares of Johnson Controls International by 32.8% during the 4th 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, Heck Capital Advisors LLC bought a new stake in shares of Johnson Controls International during the 4th quarter valued at about $48,000. Institutional investors own 90.05% of the company’s stock.

Insider Activity

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

Wall Street Analysts Forecast Growth

JCI has been the topic of several research analyst reports. Argus upgraded Johnson Controls International from a “hold” rating to a “buy” rating and set a $88.00 target price on the stock in a research report on Friday, December 20th. Barclays upped their target price on Johnson Controls International from $75.00 to $83.00 and gave the company an “equal weight” rating in a research report on Thursday, December 5th. Royal Bank of Canada upped their target price on Johnson Controls International from $86.00 to $93.00 and gave the company a “sector perform” rating in a research report on Thursday, February 6th. Citigroup cut their target price on 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, Melius downgraded Johnson Controls International from a “buy” rating to a “hold” rating and set a $95.00 price target on the stock. in a research note on Tuesday, January 28th. Eight analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $91.13.

Johnson Controls International Stock Performance

Shares of Johnson Controls International stock opened at $80.07 on Friday. The company has a market cap of $52.86 billion, a PE ratio of 30.56, a price-to-earnings-growth ratio of 1.96 and a beta of 1.32. Johnson Controls International plc has a 52 week low of $59.83 and a 52 week high of $91.14. The business has a 50 day moving average price of $82.51 and a 200-day moving average price of $79.48. The company has a quick ratio of 0.86, a current ratio of 1.02 and a debt-to-equity ratio of 0.50.

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