Verdence Capital Advisors LLC Sells 950 Shares of Johnson Controls International plc (NYSE:JCI)

Verdence Capital Advisors LLC cut its holdings in Johnson Controls International plc (NYSE:JCI) by 19.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,987 shares of the company’s stock after selling 950 shares during the quarter. Verdence Capital Advisors LLC’s holdings in Johnson Controls International were worth $315,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Park Avenue Securities LLC grew its position in shares of Johnson Controls International by 101.5% in the 4th quarter. Park Avenue Securities LLC now owns 26,517 shares of the company’s stock worth $2,093,000 after buying an additional 13,360 shares during the last quarter. Certuity LLC bought a new stake in Johnson Controls International in the fourth quarter valued at $243,000. Y Intercept Hong Kong Ltd increased its position in Johnson Controls International by 136.8% during the 3rd quarter. Y Intercept Hong Kong Ltd now owns 91,248 shares of the company’s stock valued at $7,082,000 after purchasing an additional 52,719 shares during the period. Geode Capital Management LLC raised its holdings in Johnson Controls International by 0.5% in the 3rd quarter. Geode Capital Management LLC now owns 13,475,260 shares of the company’s stock worth $1,041,822,000 after purchasing an additional 71,493 shares in the last quarter. Finally, BNC Wealth Management LLC purchased a new stake in shares of Johnson Controls International in the 4th quarter worth about $2,093,000. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on JCI. Citigroup decreased their price target on shares of 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. UBS Group raised Johnson Controls International from a “neutral” rating to a “buy” rating and increased their target price for the stock from $90.00 to $103.00 in a research report on Monday, February 10th. Argus upgraded Johnson Controls International from a “hold” rating to a “buy” rating and set a $88.00 price target on the stock in a research report on Friday, December 20th. Barclays upped their price target on 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. Finally, StockNews.com lowered Johnson Controls International from a “buy” rating to a “hold” rating in a research report on Wednesday, November 20th. Eight analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $91.13.

Johnson Controls International Stock Down 1.2 %

NYSE:JCI opened at $80.07 on Friday. 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 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 fifty-two week low of $59.83 and a fifty-two week high of $91.14. The firm has a 50-day simple moving average of $82.51 and a two-hundred day simple moving average of $79.42.

Johnson Controls International (NYSE:JCI) last announced its quarterly earnings results on Wednesday, February 5th. The company reported $0.64 earnings per share for the quarter, beating 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%. Analysts predict that Johnson Controls International plc will post 3.64 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO George Oliver sold 124,497 shares of the business’s stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $82.67, for a total transaction of $10,292,166.99. Following the completion of the transaction, the chief executive officer now directly owns 1,267,716 shares of the company’s stock, 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Nathan D. Manning sold 1,421 shares of the stock in a transaction that occurred 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 transaction, the vice president now owns 148,346 shares in the company, valued at approximately $11,339,568.24. This trade represents a 0.95 % decrease in their position. 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 ninety days. 0.54% of the stock is currently owned by corporate insiders.

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.