Sage Mountain Advisors LLC Boosts Stock Position in Johnson Controls International plc (NYSE:JCI)

Sage Mountain Advisors LLC grew its holdings in shares of Johnson Controls International plc (NYSE:JCI) by 4.4% in the 4th quarter, HoldingsChannel reports. The firm owned 7,400 shares of the company’s stock after acquiring an additional 315 shares during the quarter. Sage Mountain Advisors LLC’s holdings in Johnson Controls International were worth $584,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Independent Advisor Alliance increased its holdings in Johnson Controls International by 47.6% during the fourth quarter. Independent Advisor Alliance now owns 8,454 shares of the company’s stock worth $667,000 after buying an additional 2,725 shares during the last quarter. Daiwa Securities Group Inc. grew its position in shares of Johnson Controls International by 13.5% during the 4th quarter. Daiwa Securities Group Inc. now owns 224,590 shares of the company’s stock valued at $17,727,000 after acquiring an additional 26,784 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Johnson Controls International by 10.6% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 255,498 shares of the company’s stock worth $20,166,000 after purchasing an additional 24,562 shares during the last quarter. Jackson Hole Capital Partners LLC raised its holdings in shares of Johnson Controls International by 0.7% in the 4th quarter. Jackson Hole Capital Partners LLC now owns 18,621 shares of the company’s stock worth $1,470,000 after purchasing an additional 127 shares during the period. Finally, Amundi lifted its stake in Johnson Controls International by 76.7% in the fourth quarter. Amundi now owns 3,870,478 shares of the company’s stock valued at $309,422,000 after purchasing an additional 1,680,431 shares during the last quarter. 90.05% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, VP Daniel C. Mcconeghy sold 1,950 shares of the company’s stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $87.73, for a total transaction of $171,073.50. Following the completion of the transaction, the vice president now owns 24,803 shares in the company, valued at $2,175,967.19. This represents a 7.29 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO George Oliver sold 129,263 shares of Johnson Controls International 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 owns 1,203,893 shares in the company, valued at approximately $100,585,260.15. This trade represents a 9.70 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 706,050 shares of company stock valued at $61,972,667 in the last quarter. Corporate insiders own 0.54% of the company’s stock.

Johnson Controls International Price Performance

NYSE:JCI opened at $76.94 on Wednesday. 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 moving average of $82.45 and a 200 day moving average of $79.64. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.86 and a current ratio of 1.02. The firm has a market capitalization of $50.79 billion, a price-to-earnings ratio of 29.37, a P/E/G ratio of 1.96 and a beta of 1.32.

Johnson Controls International (NYSE:JCI) last issued its quarterly earnings results on Wednesday, February 5th. The company reported $0.64 earnings per share (EPS) 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, research analysts expect that Johnson Controls International plc will post 3.64 EPS for the current fiscal year.

Analysts Set New Price Targets

JCI has been the subject of a number of recent research reports. StockNews.com downgraded Johnson Controls International from a “buy” rating to a “hold” rating in a research report on Wednesday, November 20th. UBS Group raised Johnson Controls International from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $90.00 to $103.00 in a report on Monday, February 10th. Melius Research reaffirmed a “hold” rating and set a $95.00 price objective on shares of Johnson Controls International in a report on Tuesday, January 28th. Morgan Stanley increased their target price on shares of Johnson Controls International from $95.00 to $105.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Finally, Royal Bank of Canada boosted their price target on shares of Johnson Controls International from $86.00 to $93.00 and gave the company a “sector perform” rating in a research report on Thursday, February 6th. Eight investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $91.27.

Johnson Controls International Company 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.