Gables Capital Management Inc. Boosts Stake in Johnson Controls International plc (NYSE:JCI)

Gables Capital Management Inc. raised its position in Johnson Controls International plc (NYSE:JCI) by 132.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 580 shares of the company’s stock after purchasing an additional 330 shares during the quarter. Gables Capital Management Inc.’s holdings in Johnson Controls International were worth $46,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in JCI. Assetmark Inc. raised its position in Johnson Controls International by 1.2% in the 3rd quarter. Assetmark Inc. now owns 32,913 shares of the company’s stock worth $2,554,000 after purchasing an additional 400 shares during the period. Mayflower Financial Advisors LLC purchased a new stake in Johnson Controls International in the 3rd quarter worth about $235,000. Crossmark Global Holdings Inc. raised its position in Johnson Controls International by 9.9% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 33,777 shares of the company’s stock worth $2,622,000 after purchasing an additional 3,051 shares during the period. Los Angeles Capital Management LLC raised its position in Johnson Controls International by 1,350.3% in the 3rd quarter. Los Angeles Capital Management LLC now owns 49,498 shares of the company’s stock worth $3,842,000 after purchasing an additional 46,085 shares during the period. Finally, Ashton Thomas Securities LLC purchased a new position in shares of Johnson Controls International during the third quarter worth approximately $61,000. 90.05% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Johnson Controls International

In other Johnson Controls International news, CEO George Oliver sold 205,168 shares of the firm’s stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $88.03, for a total value of $18,060,939.04. Following the completion of the sale, the chief executive officer now directly owns 1,260,527 shares in the company, valued at $110,964,191.81. This trade represents a 14.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Marlon Sullivan sold 7,230 shares of the firm’s stock in a transaction that occurred on Wednesday, December 11th. The shares were 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 trade represents a 18.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 713,280 shares of company stock worth $62,575,288 over the last three months. Corporate insiders own 0.54% of the company’s stock.

Johnson Controls International Price Performance

NYSE JCI opened at $77.96 on Tuesday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.86 and a current ratio of 1.02. The firm’s 50 day moving average price is $82.49 and its 200-day moving average price is $79.60. Johnson Controls International plc has a 52-week low of $59.83 and a 52-week high of $91.14. The company has a market cap of $51.47 billion, a PE ratio of 29.76, a P/E/G ratio of 1.96 and a beta of 1.32.

Johnson Controls International (NYSE:JCI) last announced its earnings results on Wednesday, February 5th. The company reported $0.64 earnings per share for the quarter, beating the consensus estimate 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 fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Melius lowered 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 research report on Tuesday, January 28th. Morgan Stanley raised their target price on shares of Johnson Controls International from $95.00 to $105.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Royal Bank of Canada raised their target price 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. StockNews.com lowered shares of Johnson Controls International from a “buy” rating to a “hold” rating in a research report on Wednesday, November 20th. Finally, Citigroup reduced their target price 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. Eight equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target 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.