Oak Harbor Wealth Partners LLC Trims Stock Position in Johnson Controls International plc (NYSE:JCI)

Oak Harbor Wealth Partners LLC lessened its stake in Johnson Controls International plc (NYSE:JCI) by 1.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,438 shares of the company’s stock after selling 335 shares during the period. Oak Harbor Wealth Partners LLC’s holdings in Johnson Controls International were worth $1,376,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of JCI. Raymond James Financial Inc. purchased a new position in Johnson Controls International during the 4th quarter valued at $568,309,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Johnson Controls International by 514.9% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,391,562 shares of the company’s stock valued at $418,439,000 after purchasing an additional 4,514,792 shares during the last quarter. Amundi grew its holdings in shares of Johnson Controls International by 76.7% during the fourth quarter. Amundi now owns 3,870,478 shares of the company’s stock valued at $309,422,000 after buying an additional 1,680,431 shares during the last quarter. AMF Tjanstepension AB lifted its position in Johnson Controls International by 500.7% in the 4th quarter. AMF Tjanstepension AB now owns 1,048,377 shares of the company’s stock valued at $82,797,000 after acquiring an additional 873,841 shares in the last quarter. Finally, Fisher Asset Management LLC lifted its position in Johnson Controls International by 3.4% in the 3rd quarter. Fisher Asset Management LLC now owns 15,295,506 shares of the company’s stock valued at $1,187,084,000 after acquiring an additional 509,293 shares in the last quarter. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on JCI. Melius Research reiterated a “hold” rating and set a $95.00 target price on shares of Johnson Controls International in a research note on Tuesday, January 28th. Citigroup cut their price target on Johnson Controls International from $85.00 to $84.00 and set a “neutral” rating for the company in a research note on Monday, January 13th. Royal Bank of Canada increased their price objective on shares of Johnson Controls International from $86.00 to $93.00 and gave the company a “sector perform” rating in a report on Thursday, February 6th. Melius downgraded shares of Johnson Controls International from a “buy” rating to a “hold” rating and set a $95.00 price target for the company. in a report on Tuesday, January 28th. Finally, Barclays raised their price objective on shares of Johnson Controls International from $75.00 to $83.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 5th. Eight equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $91.13.

Insiders Place Their Bets

In related news, CEO George Oliver sold 129,263 shares of the firm’s stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $83.55, for a total transaction of $10,799,923.65. Following the completion of the sale, the chief executive officer now directly owns 1,203,893 shares of the company’s stock, valued at approximately $100,585,260.15. This trade represents a 9.70 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Nathan D. Manning sold 1,421 shares of the firm’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 sale, the vice president now directly owns 148,346 shares of the company’s stock, valued at approximately $11,339,568.24. The trade was a 0.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 837,777 shares of company stock valued at $72,867,455 over the last quarter. Company insiders own 0.54% of the company’s stock.

Johnson Controls International Stock Down 1.2 %

Shares of NYSE:JCI opened at $80.07 on Friday. The stock has a market cap of $52.86 billion, a P/E ratio of 30.56, a P/E/G ratio of 1.96 and a beta of 1.32. The firm has a fifty day moving average price of $82.51 and a 200 day moving average price of $79.42. 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 $59.83 and a 1-year high of $91.14.

Johnson Controls International (NYSE:JCI) last issued its earnings results on Wednesday, February 5th. The company reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.05. Johnson Controls International had a net margin of 6.83% and a return on equity of 15.11%. Sell-side analysts predict that Johnson Controls International plc will post 3.64 EPS for the current year.

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.