UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Cuts Position in Johnson Controls International plc $JCI

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its holdings in Johnson Controls International plc (NYSE:JCI) by 88.3% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 917,669 shares of the company’s stock after selling 6,936,254 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.15% of Johnson Controls International worth $134,081,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of JCI. Brighton Jones LLC purchased a new stake in shares of Johnson Controls International in the 4th quarter worth about $222,000. Acadian Asset Management LLC purchased a new position in Johnson Controls International during the 1st quarter valued at about $55,000. Sivia Capital Partners LLC raised its position in Johnson Controls International by 83.3% during the second quarter. Sivia Capital Partners LLC now owns 7,049 shares of the company’s stock worth $745,000 after acquiring an additional 3,203 shares during the last quarter. Jump Financial LLC lifted its holdings in shares of Johnson Controls International by 3.5% in the second quarter. Jump Financial LLC now owns 12,578 shares of the company’s stock valued at $1,328,000 after purchasing an additional 425 shares in the last quarter. Finally, Federated Hermes Inc. lifted its holdings in shares of Johnson Controls International by 120.7% in the second quarter. Federated Hermes Inc. now owns 12,359 shares of the company’s stock valued at $1,305,000 after purchasing an additional 6,760 shares in the last quarter. Institutional investors and hedge funds own 90.05% of the company’s stock.

Insider Buying and Selling at Johnson Controls International

In other Johnson Controls International news, VP Todd M. Grabowski sold 1,800 shares of Johnson Controls International stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $146.20, for a total value of $263,160.00. Following the completion of the sale, the vice president owned 26,215 shares in the company, valued at $3,832,633. The trade was a 6.43% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Lei Zhang Schlitz sold 23,417 shares of the company’s stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $153.07, for a total transaction of $3,584,440.19. Following the transaction, the vice president directly owned 15,017 shares of the company’s stock, valued at approximately $2,298,652.19. This represents a 60.93% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.29% of the company’s stock.

Johnson Controls International Stock Up 0.8%

Shares of NYSE JCI opened at $139.37 on Wednesday. Johnson Controls International plc has a 1 year low of $103.82 and a 1 year high of $157.06. The firm’s 50 day moving average price is $144.69 and its 200 day moving average price is $141.23. The firm has a market cap of $84.42 billion, a P/E ratio of 24.24, a price-to-earnings-growth ratio of 1.33 and a beta of 1.29. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.83 and a current ratio of 1.00.

Johnson Controls International (NYSE:JCI) last released its earnings results on Thursday, July 30th. The company reported $1.42 EPS for the quarter, topping the consensus estimate of $1.30 by $0.12. Johnson Controls International had a net margin of 14.32% and a return on equity of 22.11%. The firm had revenue of $6.61 billion during the quarter, compared to analysts’ expectations of $6.46 billion. During the same period in the previous year, the company earned $1.05 EPS. Johnson Controls International’s revenue for the quarter was up 9.3% on a year-over-year basis. As a group, sell-side analysts anticipate that Johnson Controls International plc will post 5.08 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of Johnson Controls International in a research note on Tuesday, June 9th. Morgan Stanley upped their target price on Johnson Controls International from $140.00 to $175.00 and gave the company an “overweight” rating in a research note on Tuesday, June 9th. Barclays raised their price target on Johnson Controls International from $136.00 to $144.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 7th. HSBC boosted their price target on Johnson Controls International from $127.00 to $136.00 in a report on Thursday, May 7th. Finally, Argus set a $175.00 price objective on Johnson Controls International in a research report on Friday, August 7th. Twelve equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Johnson Controls International presently has an average rating of “Hold” and a consensus price target of $155.50.

About Johnson Controls International

Johnson Controls International plc is a global diversified technology and multi?industrial company that develops products, services and solutions for buildings and energy storage. The company’s core focus is on improving building efficiency, safety and sustainability through a combination of HVAC equipment, building controls and automation, fire and security systems, and related services. Johnson Controls traces its roots to 1885, when inventor Warren S. Johnson developed an electric room thermostat; over its long history the company has expanded from controls into a broad set of building?related technologies and, through corporate transactions, into a global provider of integrated building solutions.

Johnson Controls’ product and service portfolio includes heating, ventilation and air?conditioning equipment, chillers, air handlers and related mechanical systems, together with building automation and control platforms that monitor and manage energy use, indoor environmental quality and security.