Black Swift Group LLC Reduces Stock Holdings in Johnson Controls International plc (NYSE:JCI)

Black Swift Group LLC lowered its position in Johnson Controls International plc (NYSE:JCI) by 20.0% in the fourth quarter, HoldingsChannel reports. The firm owned 10,000 shares of the company’s stock after selling 2,500 shares during the period. Black Swift Group LLC’s holdings in Johnson Controls International were worth $789,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the company. Raymond James Financial Inc. acquired a new position in Johnson Controls International in the fourth quarter valued at about $568,309,000. Vantage Financial Partners LLC acquired a new position in Johnson Controls International in the fourth quarter valued at about $202,000. Proficio Capital Partners LLC lifted its position in Johnson Controls International by 26.0% in the fourth quarter. Proficio Capital Partners LLC now owns 6,139 shares of the company’s stock valued at $485,000 after buying an additional 1,266 shares during the last quarter. SPC Financial Inc. lifted its position in Johnson Controls International by 3.0% in the fourth quarter. SPC Financial Inc. now owns 8,079 shares of the company’s stock valued at $638,000 after buying an additional 234 shares during the last quarter. Finally, Assetmark Inc. lifted its position in Johnson Controls International by 5.9% in the fourth quarter. Assetmark Inc. now owns 34,840 shares of the company’s stock valued at $2,750,000 after buying an additional 1,927 shares during the last quarter. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Johnson Controls International Trading Up 1.7 %

NYSE:JCI opened at $82.29 on Thursday. The company has a market capitalization of $54.32 billion, a PE ratio of 31.41, a price-to-earnings-growth ratio of 1.96 and a beta of 1.32. The company has a quick ratio of 0.86, a current ratio of 1.02 and a debt-to-equity ratio of 0.50. Johnson Controls International plc has a 52-week low of $59.83 and a 52-week high of $91.14. The stock has a fifty day simple moving average of $82.50 and a 200-day simple moving average of $79.34.

Johnson Controls International (NYSE:JCI) last posted its quarterly earnings data 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%. On average, equities research analysts expect that Johnson Controls International plc will post 3.64 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO George Oliver sold 205,168 shares of Johnson Controls International stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $88.03, for a total transaction of $18,060,939.04. Following the completion of the sale, the chief executive officer now owns 1,260,527 shares in the company, valued at approximately $110,964,191.81. This trade represents a 14.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Daniel C. Mcconeghy sold 1,950 shares of Johnson Controls International stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $87.73, for a total value of $171,073.50. Following the completion of the sale, the vice president now owns 24,803 shares of the company’s stock, valued at $2,175,967.19. This trade represents a 7.29 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 837,777 shares of company stock worth $72,867,455. 0.54% of the stock is owned by corporate insiders.

Analyst Ratings Changes

JCI has been the topic of several research reports. Royal Bank of Canada increased their price target on shares of Johnson Controls International from $86.00 to $93.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 6th. Morgan Stanley raised their target price on shares of Johnson Controls International from $95.00 to $105.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Melius cut shares of Johnson Controls International from a “buy” rating to a “hold” rating and set a $95.00 target price on the stock. in a report on Tuesday, January 28th. JPMorgan Chase & Co. raised their target price on shares of Johnson Controls International from $87.00 to $100.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Finally, Argus raised shares of Johnson Controls International from a “hold” rating to a “buy” rating and set a $88.00 target price on the stock in a report on Friday, December 20th. Eight equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $91.13.

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.