Creative Planning Decreases Stake in Johnson Controls International PLC (NYSE:JCI)

Creative Planning lessened its holdings in shares of Johnson Controls International PLC (NYSE:JCI) by 3.9% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 46,259 shares of the company’s stock after selling 1,882 shares during the period. Creative Planning’s holdings in Johnson Controls International were worth $2,030,000 at the end of the most recent reporting period.

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Several other hedge funds and other institutional investors have also modified their holdings of JCI. Nuveen Asset Management LLC raised its position in shares of Johnson Controls International by 13,437.3% during the 2nd quarter. Nuveen Asset Management LLC now owns 3,103,696 shares of the company’s stock worth $128,213,000 after acquiring an additional 3,080,769 shares in the last quarter. Prudential Financial Inc. raised its position in shares of Johnson Controls International by 254.1% during the 2nd quarter. Prudential Financial Inc. now owns 3,988,710 shares of the company’s stock worth $164,774,000 after acquiring an additional 2,862,413 shares in the last quarter. National Pension Service acquired a new stake in shares of Johnson Controls International during the 2nd quarter worth about $45,311,000. APG Asset Management N.V. raised its position in shares of Johnson Controls International by 61.5% during the 2nd quarter. APG Asset Management N.V. now owns 2,056,848 shares of the company’s stock worth $74,612,000 after acquiring an additional 783,200 shares in the last quarter. Finally, Schafer Cullen Capital Management Inc raised its position in shares of Johnson Controls International by 24.1% during the 2nd quarter. Schafer Cullen Capital Management Inc now owns 3,971,119 shares of the company’s stock worth $164,960,000 after acquiring an additional 770,038 shares in the last quarter. 92.05% of the stock is currently owned by institutional investors and hedge funds.

Several equities research analysts have recently weighed in on JCI shares. Credit Suisse Group raised their target price on Johnson Controls International from $44.00 to $45.00 and gave the stock a “neutral” rating in a research report on Friday. ValuEngine lowered Johnson Controls International from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. JPMorgan Chase & Co. raised their target price on Johnson Controls International from $37.00 to $41.00 and gave the stock a “neutral” rating in a research report on Thursday, October 10th. Finally, Argus raised their target price on Johnson Controls International from $47.00 to $49.00 and gave the stock a “buy” rating in a research report on Friday. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $41.78.

JCI opened at $42.52 on Friday. The firm has a market cap of $34.92 billion, a price-to-earnings ratio of 15.02, a price-to-earnings-growth ratio of 1.77 and a beta of 0.94. Johnson Controls International PLC has a 52 week low of $28.30 and a 52 week high of $44.82. The business’s 50 day moving average is $42.94 and its two-hundred day moving average is $41.26. The company has a quick ratio of 1.19, a current ratio of 1.41 and a debt-to-equity ratio of 0.32.

Johnson Controls International (NYSE:JCI) last released its quarterly earnings results on Thursday, November 7th. The company reported $0.78 EPS for the quarter, topping the consensus estimate of $0.76 by $0.02. The company had revenue of $6.27 billion for the quarter, compared to analyst estimates of $6.42 billion. Johnson Controls International had a return on equity of 9.02% and a net margin of 22.38%. The firm’s revenue was up 1.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.93 earnings per share. Equities analysts expect that Johnson Controls International PLC will post 1.95 EPS for the current fiscal year.

In other news, Director Gretchen R. Haggerty purchased 6,220 shares of the business’s stock in a transaction on Monday, August 26th. The shares were bought at an average price of $41.40 per share, with a total value of $257,508.00. Following the completion of the transaction, the director now directly owns 12,860 shares in the company, valued at approximately $532,404. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO George Oliver sold 21,807 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $43.89, for a total value of $957,109.23. In the last ninety days, insiders have sold 177,702 shares of company stock worth $7,716,908. 0.50% of the stock is currently owned by corporate insiders.

Johnson Controls International Company Profile

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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Institutional Ownership by Quarter for Johnson Controls International (NYSE:JCI)

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