Berkeley Capital Partners LLC reduced its holdings in shares of Johnson Controls International PLC (NYSE:JCI) by 6.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,219 shares of the company’s stock after selling 356 shares during the quarter. Berkeley Capital Partners LLC’s holdings in Johnson Controls International were worth $229,000 at the end of the most recent quarter.
Several other hedge funds have also made changes to their positions in the stock. Crossmark Global Holdings Inc. raised its holdings in Johnson Controls International by 1.7% in the 2nd quarter. Crossmark Global Holdings Inc. now owns 75,772 shares of the company’s stock valued at $3,130,000 after acquiring an additional 1,280 shares in the last quarter. Sanders Morris Harris LLC acquired a new position in Johnson Controls International in the 2nd quarter valued at approximately $242,000. Pennsylvania Trust Co raised its holdings in Johnson Controls International by 1.5% in the 2nd quarter. Pennsylvania Trust Co now owns 39,676 shares of the company’s stock valued at $1,639,000 after acquiring an additional 602 shares in the last quarter. Douglass Winthrop Advisors LLC acquired a new position in Johnson Controls International in the 2nd quarter valued at approximately $871,000. Finally, PFS Investments Inc. raised its holdings in Johnson Controls International by 208.2% in the 2nd quarter. PFS Investments Inc. now owns 18,232 shares of the company’s stock valued at $763,000 after acquiring an additional 12,316 shares in the last quarter. Institutional investors own 92.05% of the company’s stock.
In other news, insider Rodney M. Rushing sold 764 shares of the company’s stock in a transaction that occurred on Friday, October 11th. The stock was sold at an average price of $42.50, for a total value of $32,470.00. Following the sale, the insider now directly owns 15,447 shares in the company, valued at approximately $656,497.50. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Jeffrey M. Williams sold 52,655 shares of the company’s stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $42.91, for a total value of $2,259,426.05. Following the completion of the sale, the vice president now owns 94,506 shares in the company, valued at $4,055,252.46. The disclosure for this sale can be found here. Over the last quarter, insiders sold 177,702 shares of company stock worth $7,716,908. Corporate insiders own 0.50% of the company’s stock.
Several research firms have commented on JCI. ValuEngine cut Johnson Controls International from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. JPMorgan Chase & Co. upped their price target on Johnson Controls International from $37.00 to $41.00 and gave the company a “neutral” rating in a report on Thursday, October 10th. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Johnson Controls International currently has an average rating of “Buy” and a consensus price target of $40.50.
JCI stock opened at $44.23 on Thursday. Johnson Controls International PLC has a 1-year low of $28.30 and a 1-year high of $44.82. The firm has a market cap of $34.92 billion, a P/E ratio of 15.63, a P/E/G ratio of 1.76 and a beta of 0.94. The business’s 50 day moving average is $43.00 and its 200-day moving average is $41.21. The company has a current ratio of 1.41, a quick ratio of 1.19 and a debt-to-equity ratio of 0.32.
Johnson Controls International 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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