SRS Capital Advisors Inc. Increases Stock Position in Johnson Controls International plc (NYSE:JCI)

SRS Capital Advisors Inc. lifted its holdings in Johnson Controls International plc (NYSE:JCI) by 216.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,406 shares of the company’s stock after buying an additional 962 shares during the quarter. SRS Capital Advisors Inc.’s holdings in Johnson Controls International were worth $111,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. Farther Finance Advisors LLC increased its stake in shares of Johnson Controls International by 11.2% during the third quarter. Farther Finance Advisors LLC now owns 6,409 shares of the company’s stock valued at $497,000 after purchasing an additional 648 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its position in Johnson Controls International by 384.9% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 244,289 shares of the company’s stock valued at $18,959,000 after buying an additional 193,913 shares in the last quarter. Mn Services Vermogensbeheer B.V. increased its position in Johnson Controls International by 2.6% during the 3rd quarter. Mn Services Vermogensbeheer B.V. now owns 117,500 shares of the company’s stock valued at $9,119,000 after buying an additional 3,000 shares in the last quarter. NorthRock Partners LLC raised its stake in Johnson Controls International by 10.2% during the third quarter. NorthRock Partners LLC now owns 3,869 shares of the company’s stock valued at $300,000 after buying an additional 357 shares during the last quarter. Finally, Austin Private Wealth LLC bought a new stake in Johnson Controls International in the third quarter worth $201,000. 90.05% of the stock is currently owned by institutional investors.

Insider Transactions at Johnson Controls International

In other news, VP Nathan D. Manning sold 1,421 shares of the business’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $76.44, for a total transaction of $108,621.24. Following the completion of the sale, the vice president now owns 148,346 shares of the company’s stock, valued at $11,339,568.24. The trade was a 0.95 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO George Oliver sold 124,497 shares of the company’s stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $82.67, for a total value of $10,292,166.99. Following the completion of the sale, the chief executive officer now owns 1,267,716 shares of the company’s stock, valued at $104,802,081.72. This trade represents a 8.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 837,777 shares of company stock worth $72,867,455 in the last quarter. Company insiders own 0.54% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on JCI shares. UBS Group upgraded Johnson Controls International from a “neutral” rating to a “buy” rating and raised their price target for the company from $90.00 to $103.00 in a report on Monday, February 10th. Argus upgraded shares of Johnson Controls International from a “hold” rating to a “buy” rating and set a $88.00 price objective for the company in a research note on Friday, December 20th. Wells Fargo & Company upped their target price on shares of Johnson Controls International from $92.00 to $98.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. Melius Research reissued a “hold” rating and set a $95.00 price target on shares of Johnson Controls International in a research report on Tuesday, January 28th. Finally, Robert W. Baird boosted their price objective on shares of Johnson Controls International from $80.00 to $85.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Eight equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $91.13.

Johnson Controls International Price Performance

NYSE JCI opened at $82.29 on Thursday. The stock has a market capitalization of $54.32 billion, a price-to-earnings ratio of 31.41, a PEG ratio of 1.96 and a beta of 1.32. Johnson Controls International plc has a 1-year low of $59.83 and a 1-year high of $91.14. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.02 and a quick ratio of 0.86. The business’s fifty day moving average price is $82.50 and its 200-day moving average price is $79.34.

Johnson Controls International (NYSE:JCI) last posted its earnings results on Wednesday, February 5th. The company reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.59 by $0.05. Johnson Controls International had a return on equity of 15.11% and a net margin of 6.83%. On average, equities analysts predict that Johnson Controls International plc will post 3.64 earnings per share for the current year.

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.