Ashton Thomas Private Wealth LLC Grows Stock Holdings in Johnson Controls International plc (NYSE:JCI)

Ashton Thomas Private Wealth LLC grew its stake in shares of Johnson Controls International plc (NYSE:JCI) by 13.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,288 shares of the company’s stock after acquiring an additional 870 shares during the period. Ashton Thomas Private Wealth LLC’s holdings in Johnson Controls International were worth $578,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in JCI. Park Avenue Securities LLC lifted its holdings in Johnson Controls International by 101.5% during 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 in the last quarter. Certuity LLC bought a new stake in shares of Johnson Controls International during the fourth quarter valued at about $243,000. Y Intercept Hong Kong Ltd lifted its holdings in shares of Johnson Controls International by 136.8% in the third quarter. Y Intercept Hong Kong Ltd now owns 91,248 shares of the company’s stock worth $7,082,000 after buying an additional 52,719 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Johnson Controls International by 0.5% in the third quarter. Geode Capital Management LLC now owns 13,475,260 shares of the company’s stock valued at $1,041,822,000 after acquiring an additional 71,493 shares during the period. Finally, BNC Wealth Management LLC purchased a new position in Johnson Controls International during the fourth quarter valued at approximately $2,093,000. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Insider Activity at Johnson Controls International

In other news, EVP Marlon Sullivan sold 7,230 shares of the stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $83.35, for a total transaction of $602,620.50. Following the completion of the sale, the executive vice president now owns 32,246 shares of the company’s stock, valued at approximately $2,687,704.10. This represents a 18.31 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO George Oliver sold 205,168 shares of the company’s stock in a transaction on Friday, February 7th. The shares were sold at an average price of $88.03, for a total transaction of $18,060,939.04. Following the sale, the chief executive officer now owns 1,260,527 shares of the company’s stock, valued at $110,964,191.81. This represents a 14.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 713,280 shares of company stock worth $62,575,288 in the last ninety days. 0.54% of the stock is owned by company insiders.

Johnson Controls International Trading Down 2.6 %

JCI stock opened at $77.96 on Tuesday. The company has a market capitalization of $51.47 billion, a PE ratio of 29.76, a price-to-earnings-growth ratio of 1.96 and a beta of 1.32. 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 one year low of $59.83 and a one year high of $91.14. The company’s 50 day moving average price is $82.49 and its two-hundred day moving average price is $79.60.

Johnson Controls International (NYSE:JCI) last issued its earnings results on Wednesday, February 5th. The company reported $0.64 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%. As a group, analysts predict that Johnson Controls International plc will post 3.64 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

JCI has been the topic of several recent analyst reports. UBS Group upgraded shares of Johnson Controls International from a “neutral” rating to a “buy” rating and increased their target price for the stock from $90.00 to $103.00 in a research note on Monday, February 10th. Citigroup lowered their price objective 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. StockNews.com cut Johnson Controls International from a “buy” rating to a “hold” rating in a research report on Wednesday, November 20th. Morgan Stanley raised their price target on Johnson Controls International from $95.00 to $105.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Finally, Argus upgraded Johnson Controls International from a “hold” rating to a “buy” rating and set a $88.00 price target for the company in a research report on Friday, December 20th. Eight analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, Johnson Controls International currently has a consensus rating of “Moderate Buy” and a consensus target price of $91.27.

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.