Assetmark Inc. Buys 1,927 Shares of Johnson Controls International plc (NYSE:JCI)

Assetmark Inc. lifted its stake in Johnson Controls International plc (NYSE:JCI) by 5.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 34,840 shares of the company’s stock after purchasing an additional 1,927 shares during the period. Assetmark Inc.’s holdings in Johnson Controls International were worth $2,750,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Keybank National Association OH grew its holdings in shares of Johnson Controls International by 2.8% in the fourth quarter. Keybank National Association OH now owns 30,398 shares of the company’s stock worth $2,399,000 after purchasing an additional 827 shares during the last quarter. Commerzbank Aktiengesellschaft FI grew its holdings in shares of Johnson Controls International by 20.8% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 14,208 shares of the company’s stock worth $1,125,000 after purchasing an additional 2,443 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Johnson Controls International by 2.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,053,831 shares of the company’s stock worth $319,969,000 after purchasing an additional 94,948 shares during the last quarter. Reaves W H & Co. Inc. bought a new position in shares of Johnson Controls International in the fourth quarter worth about $3,374,000. Finally, Steward Partners Investment Advisory LLC grew its holdings in shares of Johnson Controls International by 10.7% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 156,243 shares of the company’s stock worth $12,332,000 after purchasing an additional 15,054 shares during the last quarter. 90.05% of the stock is currently owned by institutional investors.

Insider Activity at Johnson Controls International

In related news, EVP Marlon Sullivan sold 7,230 shares of the stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $83.35, for a total value of $602,620.50. Following the transaction, the executive vice president now owns 32,246 shares in the company, valued at approximately $2,687,704.10. This represents a 18.31 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO George Oliver sold 124,497 shares of the stock in a transaction that occurred on Tuesday, December 10th. The stock was 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 owns 1,267,716 shares in the company, valued at approximately $104,802,081.72. This trade represents a 8.94 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 837,777 shares of company stock valued at $72,867,455 in the last three months. 0.54% of the stock is owned by insiders.

Johnson Controls International Stock Performance

Shares of Johnson Controls International stock opened at $80.07 on Monday. The firm has a market capitalization of $52.86 billion, a P/E ratio of 30.56, a PEG ratio of 1.96 and a beta of 1.32. The company has a quick ratio of 0.86, a current ratio of 1.02 and a debt-to-equity ratio of 0.50. The company has a 50 day moving average price of $82.51 and a 200 day moving average price of $79.54. Johnson Controls International plc has a 52 week low of $59.83 and a 52 week high of $91.14.

Johnson Controls International (NYSE:JCI) last announced its quarterly earnings data on Wednesday, February 5th. The company reported $0.64 EPS 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%. Sell-side analysts expect that Johnson Controls International plc will post 3.64 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. StockNews.com cut shares of Johnson Controls International from a “buy” rating to a “hold” rating in a report on Wednesday, November 20th. Melius Research reiterated a “hold” rating and set a $95.00 target price on shares of Johnson Controls International in a report on Tuesday, January 28th. Barclays increased their target price on shares of Johnson Controls International from $75.00 to $83.00 and gave the stock an “equal weight” rating in a report on Thursday, December 5th. UBS Group upgraded shares of 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 report on Monday, February 10th. Finally, 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 report on Thursday, February 6th. Eight research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $91.13.

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.