PNC Financial Services Group Inc. Has $27.65 Million Stock Position in Johnson Controls International plc (NYSE:JCI)

PNC Financial Services Group Inc. raised its position in shares of Johnson Controls International plc (NYSE:JCI) by 0.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 350,347 shares of the company’s stock after purchasing an additional 145 shares during the period. PNC Financial Services Group Inc. owned approximately 0.05% of Johnson Controls International worth $27,653,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in JCI. Concurrent Investment Advisors LLC raised its position in Johnson Controls International by 24.7% during the third quarter. Concurrent Investment Advisors LLC now owns 6,259 shares of the company’s stock valued at $486,000 after purchasing an additional 1,240 shares in the last quarter. Graypoint LLC acquired a new position in Johnson Controls International during the third quarter valued at approximately $244,000. Assetmark Inc. raised its position in Johnson Controls International by 1.2% during the third quarter. Assetmark Inc. now owns 32,913 shares of the company’s stock valued at $2,554,000 after purchasing an additional 400 shares in the last quarter. Mayflower Financial Advisors LLC acquired a new position in Johnson Controls International during the third quarter valued at approximately $235,000. Finally, Crossmark Global Holdings Inc. raised its position in Johnson Controls International by 9.9% during the third quarter. Crossmark Global Holdings Inc. now owns 33,777 shares of the company’s stock valued at $2,622,000 after purchasing an additional 3,051 shares in the last quarter. 90.05% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Johnson Controls International

In other Johnson Controls International news, CEO George Oliver sold 162,894 shares of the company’s stock in a transaction 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 sale, the chief executive officer now owns 1,203,893 shares of the company’s stock, valued at approximately $107,483,567.04. This represents a 11.92 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Daniel C. Mcconeghy sold 1,950 shares of the company’s stock in a transaction 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 sale, the vice president now directly owns 24,803 shares in the company, valued at $2,175,967.19. This trade represents a 7.29 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 837,777 shares of company stock valued at $72,867,455. 0.54% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

JCI has been the subject of several research analyst reports. Melius downgraded shares of Johnson Controls International from a “buy” rating to a “hold” rating and set a $95.00 price target for the company. in a report on Tuesday, January 28th. UBS Group upgraded shares of Johnson Controls International from a “neutral” rating to a “buy” rating and upped their price target for the stock from $90.00 to $103.00 in a report on Monday, February 10th. Royal Bank of Canada upped 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 report on Thursday, February 6th. Barclays upped their price target on shares of Johnson Controls International from $75.00 to $83.00 and gave the stock an “equal weight” rating in a report on Thursday, December 5th. Finally, Melius Research reiterated a “hold” rating and set a $95.00 price target on shares of Johnson Controls International in a report on Tuesday, January 28th. Eight analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $91.13.

Johnson Controls International Stock Performance

Shares of Johnson Controls International stock opened at $80.07 on Monday. 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 plc has a twelve month low of $59.83 and a twelve month high of $91.14. The stock has a market cap of $52.86 billion, a price-to-earnings ratio of 30.56, a P/E/G ratio of 1.96 and a beta of 1.32. The company’s fifty day moving average is $82.51 and its 200 day moving average is $79.54.

Johnson Controls International (NYSE:JCI) last issued its quarterly earnings results on Wednesday, February 5th. The company reported $0.64 EPS 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%. Sell-side analysts forecast that Johnson Controls International plc will post 3.64 EPS for the current year.

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.