Zurcher Kantonalbank Zurich Cantonalbank Raises Stock Holdings in Johnson Controls International plc (NYSE:JCI)

Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Johnson Controls International plc (NYSE:JCI) by 10.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 255,498 shares of the company’s stock after acquiring an additional 24,562 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Johnson Controls International were worth $20,166,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Assetmark Inc. grew its position in Johnson Controls International by 1.2% during the 3rd quarter. Assetmark Inc. now owns 32,913 shares of the company’s stock worth $2,554,000 after purchasing an additional 400 shares during the last quarter. Crossmark Global Holdings Inc. boosted its stake in shares of Johnson Controls International by 9.9% during the third quarter. Crossmark Global Holdings Inc. now owns 33,777 shares of the company’s stock worth $2,622,000 after buying an additional 3,051 shares during the period. Los Angeles Capital Management LLC grew its holdings in shares of Johnson Controls International by 1,350.3% during the third quarter. Los Angeles Capital Management LLC now owns 49,498 shares of the company’s stock worth $3,842,000 after buying an additional 46,085 shares during the last quarter. Ashton Thomas Securities LLC acquired a new position in Johnson Controls International in the 3rd quarter valued at about $61,000. Finally, Nations Financial Group Inc. IA ADV purchased a new stake in Johnson Controls International during the 3rd quarter valued at approximately $324,000. 90.05% of the stock is currently owned by hedge funds and other institutional investors.

Johnson Controls International Price Performance

Shares of NYSE:JCI opened at $76.94 on Wednesday. Johnson Controls International plc has a 12 month low of $59.83 and a 12 month high of $91.14. The firm has a market capitalization of $50.79 billion, a price-to-earnings ratio of 29.37, a price-to-earnings-growth ratio of 1.96 and a beta of 1.32. The business’s 50 day simple moving average is $82.45 and its 200-day simple moving average is $79.64. 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 (NYSE:JCI) last posted its earnings results on Wednesday, February 5th. The company reported $0.64 EPS for the quarter, topping 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%. As a group, equities analysts forecast that Johnson Controls International plc will post 3.64 earnings per share for the current fiscal year.

Insider Activity at Johnson Controls International

In related news, CEO George Oliver sold 162,894 shares of Johnson Controls International stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $89.28, for a total transaction of $14,543,176.32. Following the completion of the transaction, the chief executive officer now directly owns 1,203,893 shares in the company, valued at $107,483,567.04. The trade was a 11.92 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Nathan D. Manning sold 1,421 shares of the stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $76.44, for a total value of $108,621.24. Following the sale, the vice president now owns 148,346 shares in the company, valued at approximately $11,339,568.24. This trade represents a 0.95 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 706,050 shares of company stock valued at $61,972,667. Insiders own 0.54% of the company’s stock.

Analyst Upgrades and Downgrades

JCI has been the topic of several analyst reports. Barclays lowered their target price on Johnson Controls International from $88.00 to $85.00 and set an “equal weight” rating on the stock in a research note on Monday. UBS Group upgraded shares of Johnson Controls International from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $90.00 to $103.00 in a research 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 report on Friday, December 20th. Melius Research reaffirmed a “hold” rating and issued a $95.00 target price on shares of Johnson Controls International in a report on Tuesday, January 28th. Finally, StockNews.com lowered shares of Johnson Controls International from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th. Eight research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $91.27.

About Johnson Controls International

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.