Johnson Controls International plc (NYSE:JCI) Shares Sold by Parkside Financial Bank & Trust

Parkside Financial Bank & Trust cut its holdings in Johnson Controls International plc (NYSE:JCIGet Rating) by 21.7% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 6,348 shares of the company’s stock after selling 1,763 shares during the period. Parkside Financial Bank & Trust’s holdings in Johnson Controls International were worth $416,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. GPS Wealth Strategies Group LLC boosted its holdings in shares of Johnson Controls International by 722.8% in the 1st quarter. GPS Wealth Strategies Group LLC now owns 469 shares of the company’s stock valued at $31,000 after buying an additional 412 shares during the period. Motco boosted its holdings in shares of Johnson Controls International by 121.2% in the 1st quarter. Motco now owns 480 shares of the company’s stock valued at $31,000 after buying an additional 263 shares during the period. DeDora Capital Inc. acquired a new position in shares of Johnson Controls International in the 1st quarter valued at about $33,000. Byrne Asset Management LLC acquired a new position in shares of Johnson Controls International in the 4th quarter valued at about $41,000. Finally, GHP Investment Advisors Inc. acquired a new position in shares of Johnson Controls International in the 1st quarter valued at about $41,000. 88.79% of the stock is owned by institutional investors and hedge funds.

Johnson Controls International Trading Up 0.9 %

Shares of NYSE:JCI opened at $57.46 on Friday. The company has a 50 day moving average of $52.94 and a 200-day moving average of $56.41. The firm has a market cap of $39.58 billion, a P/E ratio of 38.56, a P/E/G ratio of 1.27 and a beta of 1.17. Johnson Controls International plc has a twelve month low of $45.52 and a twelve month high of $81.77. The company has a current ratio of 0.97, a quick ratio of 0.76 and a debt-to-equity ratio of 0.42.

Johnson Controls International (NYSE:JCIGet Rating) last released its earnings results on Thursday, August 4th. The company reported $0.85 EPS for the quarter, hitting analysts’ consensus estimates of $0.85. Johnson Controls International had a net margin of 4.17% and a return on equity of 11.35%. The business had revenue of $6.61 billion for the quarter, compared to the consensus estimate of $6.76 billion. During the same period in the previous year, the firm earned $0.83 EPS. The business’s revenue for the quarter was up 4.3% on a year-over-year basis. As a group, analysts anticipate that Johnson Controls International plc will post 3 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Johnson Controls International from $70.00 to $61.00 in a research note on Wednesday, July 13th. Jefferies Financial Group reduced their target price on shares of Johnson Controls International from $70.00 to $65.00 in a research note on Friday, July 15th. Morgan Stanley boosted their target price on shares of Johnson Controls International from $61.00 to $62.00 and gave the company an “overweight” rating in a research note on Thursday, September 1st. Barclays reduced their target price on shares of Johnson Controls International from $65.00 to $60.00 and set an “overweight” rating for the company in a research note on Friday, July 8th. Finally, Mizuho reduced their target price on shares of Johnson Controls International from $68.00 to $65.00 and set a “buy” rating for the company in a research note on Monday, July 18th. Three investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, Johnson Controls International currently has an average rating of “Moderate Buy” and an average price target of $67.71.

Johnson Controls International Company Profile

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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.

Further Reading

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Institutional Ownership by Quarter for Johnson Controls International (NYSE:JCI)

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