Accurate Wealth Management LLC Boosts Stake in Johnson Controls International plc (NYSE:JCI)

Accurate Wealth Management LLC lifted its position in shares of Johnson Controls International plc (NYSE:JCI) by 12.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,047 shares of the company’s stock after acquiring an additional 552 shares during the quarter. Accurate Wealth Management LLC’s holdings in Johnson Controls International were worth $392,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. GAMMA Investing LLC boosted its stake in shares of Johnson Controls International by 27.8% during the 1st quarter. GAMMA Investing LLC now owns 14,720 shares of the company’s stock worth $1,179,000 after acquiring an additional 3,201 shares in the last quarter. Wealthcare Advisory Partners LLC boosted its stake in shares of Johnson Controls International by 9.0% during the 1st quarter. Wealthcare Advisory Partners LLC now owns 3,982 shares of the company’s stock worth $319,000 after acquiring an additional 328 shares in the last quarter. Pallas Capital Advisors LLC purchased a new stake in shares of Johnson Controls International during the 1st quarter worth about $1,350,000. Farther Finance Advisors LLC boosted its stake in shares of Johnson Controls International by 24.5% during the 1st quarter. Farther Finance Advisors LLC now owns 7,946 shares of the company’s stock worth $647,000 after acquiring an additional 1,566 shares in the last quarter. Finally, Daymark Wealth Partners LLC boosted its stake in shares of Johnson Controls International by 3.9% during the 1st quarter. Daymark Wealth Partners LLC now owns 25,643 shares of the company’s stock worth $2,054,000 after acquiring an additional 955 shares in the last quarter. 90.05% of the stock is owned by hedge funds and other institutional investors.

Johnson Controls International Stock Down 0.6%

Shares of NYSE JCI opened at $102.92 on Wednesday. The company has a 50 day simple moving average of $88.83 and a 200-day simple moving average of $84.47. The company has a market capitalization of $67.73 billion, a P/E ratio of 39.28, a P/E/G ratio of 1.96 and a beta of 1.33. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.02 and a quick ratio of 0.86. Johnson Controls International plc has a 1 year low of $64.31 and a 1 year high of $104.01.

Johnson Controls International (NYSE:JCI) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.77 by $0.05. The business had revenue of $5.68 billion during the quarter, compared to the consensus estimate of $5.64 billion. Johnson Controls International had a net margin of 6.83% and a return on equity of 15.11%. The business’s revenue was up 1.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.78 EPS. On average, equities research analysts predict that Johnson Controls International plc will post 3.64 earnings per share for the current year.

Insider Activity at Johnson Controls International

In other Johnson Controls International news, VP Anuruddha Rathninde sold 15,000 shares of the firm’s stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $103.13, for a total value of $1,546,950.00. Following the completion of the transaction, the vice president now owns 42,574 shares of the company’s stock, valued at $4,390,656.62. This trade represents a 26.05% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Marc Vandiepenbeeck sold 28,289 shares of the firm’s stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $90.92, for a total transaction of $2,572,035.88. Following the completion of the transaction, the chief financial officer now directly owns 147,673 shares of the company’s stock, valued at $13,426,429.16. This represents a 16.08% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 163,224 shares of company stock worth $14,883,604. Insiders own 0.54% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. JPMorgan Chase & Co. raised their price target on shares of Johnson Controls International from $81.00 to $98.00 and gave the company an “overweight” rating in a research note on Friday, May 16th. Barclays raised their price target on shares of Johnson Controls International from $85.00 to $90.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 14th. UBS Group reaffirmed a “buy” rating and issued a $116.00 price target (up from $103.00) on shares of Johnson Controls International in a research note on Thursday, May 22nd. Citigroup decreased their price target on shares of Johnson Controls International from $95.00 to $85.00 and set a “neutral” rating on the stock in a research note on Monday, April 14th. Finally, Morgan Stanley raised their price target on shares of Johnson Controls International from $105.00 to $115.00 and gave the company an “overweight” rating in a research note on Friday, May 9th. Eight analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $97.88.

Johnson Controls International 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.