Berkshire Asset Management LLC PA Sells 1,484 Shares of Johnson Controls International plc (NYSE:JCI)

Berkshire Asset Management LLC PA trimmed its stake in shares of Johnson Controls International plc (NYSE:JCI) by 25.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 4,292 shares of the company’s stock after selling 1,484 shares during the quarter. Berkshire Asset Management LLC PA’s holdings in Johnson Controls International were worth $350,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of JCI. Compass Financial Services Inc bought a new stake in Johnson Controls International during the fourth quarter worth about $26,000. SBI Securities Co. Ltd. acquired a new position in shares of Johnson Controls International in the 4th quarter valued at approximately $29,000. Synergy Asset Management LLC bought a new stake in shares of Johnson Controls International during the 4th quarter worth approximately $42,000. ST Germain D J Co. Inc. boosted its position in shares of Johnson Controls International by 32.8% during the 4th quarter. ST Germain D J Co. Inc. now owns 543 shares of the company’s stock worth $43,000 after acquiring an additional 134 shares in the last quarter. Finally, Western Pacific Wealth Management LP bought a new position in Johnson Controls International in the third quarter valued at approximately $44,000. 90.05% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Johnson Controls International

In related news, CEO George Oliver sold 124,497 shares of the business’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $82.67, for a total value of $10,292,166.99. Following the transaction, the chief executive officer now owns 1,267,716 shares in the company, valued at $104,802,081.72. The trade was a 8.94 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Nathan D. Manning sold 1,421 shares of the stock in a transaction dated Monday, February 3rd. The stock was 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 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. In the last 90 days, insiders have sold 837,777 shares of company stock worth $72,867,455. 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 firm 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. Johnson Controls International plc has a 12-month low of $59.83 and a 12-month high of $91.14. The business has a fifty day simple moving average of $82.51 and a 200 day simple moving average of $79.42. 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 (NYSE:JCI) last issued its quarterly earnings data on Wednesday, February 5th. The company reported $0.64 earnings per share (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%. Analysts predict that Johnson Controls International plc will post 3.64 earnings per share for the current year.

Wall Street Analysts Forecast Growth

JCI has been the subject of several recent analyst reports. Royal Bank of Canada upped their target price on Johnson Controls International from $86.00 to $93.00 and gave the stock a “sector perform” rating in a research note on Thursday, February 6th. Melius lowered Johnson Controls International from a “buy” rating to a “hold” rating and set a $95.00 price objective on the stock. in a research note on Tuesday, January 28th. StockNews.com downgraded Johnson Controls International from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th. JPMorgan Chase & Co. increased their target price on shares of Johnson Controls International from $87.00 to $100.00 and gave the stock 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 price target 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 issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $91.13.

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.