Johnson Controls International PLC (NYSE:JCI) Stake Boosted by Rational Advisors LLC
Rational Advisors LLC lifted its stake in shares of Johnson Controls International PLC (NYSE:JCI) by 461.6% during the fourth quarter, Holdings Channel reports. The firm owned 6,660 shares of the company’s stock after buying an additional 5,474 shares during the period. Rational Advisors LLC’s holdings in Johnson Controls International were worth $271,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors also recently made changes to their positions in the company. Voya Investment Management LLC grew its stake in Johnson Controls International by 21.1% during the 3rd quarter. Voya Investment Management LLC now owns 373,925 shares of the company’s stock worth $16,412,000 after buying an additional 65,031 shares during the last quarter. Alpine Global Management LLC acquired a new position in shares of Johnson Controls International during the fourth quarter valued at $348,000. First Allied Advisory Services Inc. boosted its holdings in shares of Johnson Controls International by 25.1% during the third quarter. First Allied Advisory Services Inc. now owns 27,813 shares of the company’s stock valued at $1,220,000 after acquiring an additional 5,577 shares during the period. FinTrust Capital Advisors LLC grew its position in shares of Johnson Controls International by 37.6% during the fourth quarter. FinTrust Capital Advisors LLC now owns 2,747 shares of the company’s stock worth $112,000 after acquiring an additional 750 shares during the last quarter. Finally, Assenagon Asset Management S.A. grew its position in shares of Johnson Controls International by 397.0% during the fourth quarter. Assenagon Asset Management S.A. now owns 127,225 shares of the company’s stock worth $5,179,000 after acquiring an additional 101,625 shares during the last quarter. Institutional investors and hedge funds own 92.12% of the company’s stock.
In other Johnson Controls International news, CEO George Oliver sold 21,863 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $42.59, for a total value of $931,145.17. Following the completion of the sale, the chief executive officer now directly owns 889,697 shares in the company, valued at $37,892,195.23. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Jeffrey M. Williams sold 13,598 shares of the company’s stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $42.17, for a total value of $573,427.66. Following the completion of the sale, the vice president now owns 101,195 shares of the company’s stock, valued at $4,267,393.15. The disclosure for this sale can be found here. In the last three months, insiders have sold 88,989 shares of company stock worth $3,684,700. 0.61% of the stock is owned by corporate insiders.
Johnson Controls International (NYSE:JCI) last issued its quarterly earnings data on Friday, January 31st. The company reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.02. The business had revenue of $5.58 billion for the quarter, compared to analysts’ expectations of $5.59 billion. Johnson Controls International had a net margin of 22.75% and a return on equity of 8.43%. The company’s revenue was up 2.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.26 earnings per share. Equities analysts expect that Johnson Controls International PLC will post 2.55 earnings per share for the current fiscal year.
JCI has been the topic of a number of analyst reports. TheStreet cut shares of Johnson Controls International from a “b” rating to a “c+” rating in a report on Friday, January 31st. UBS Group started coverage on shares of Johnson Controls International in a research note on Thursday, December 12th. They set a “sell” rating and a $40.00 target price for the company. Barclays restated a “hold” rating and issued a $43.00 target price on shares of Johnson Controls International in a research report on Sunday, November 10th. Credit Suisse Group upgraded shares of Johnson Controls International from a “neutral” rating to an “outperform” rating and raised their price target for the company from $45.00 to $47.00 in a research note on Monday, January 6th. Finally, Wolfe Research raised Johnson Controls International from a “peer perform” rating to an “outperform” rating in a report on Thursday, January 9th. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the stock. Johnson Controls International presently has an average rating of “Hold” and an average target price of $41.22.
About Johnson Controls International
Johnson Controls International plc operates as a diversified technology and multi industrial company worldwide. The company operates through Building Technologies & Solutions and Power Solutions segments. The company designs, sells, installs, and services heating, ventilating, and air conditioning systems, controls systems, integrated electronic security systems, and integrated fire detection and suppression systems for commercial, industrial, retail, small business, institutional, and governmental customers; and energy efficiency solutions and technical services, including inspection, scheduled maintenance, and repair and replacement of mechanical and control systems, to non-residential building and industrial applications.
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