Miller Financial Services LLC Makes New Investment in Johnson Controls International plc (NYSE:JCI)

Miller Financial Services LLC purchased a new stake in Johnson Controls International plc (NYSE:JCI - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 6,942 shares of the company's stock, valued at approximately $548,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Compass Financial Services Inc purchased a new stake in shares of Johnson Controls International in the fourth quarter valued at approximately $26,000. SBI Securities Co. Ltd. acquired a new position in Johnson Controls International during the 4th quarter worth about $29,000. Synergy Asset Management LLC acquired a new stake in Johnson Controls International in the 4th quarter valued at about $42,000. ST Germain D J Co. Inc. raised its position in Johnson Controls International by 32.8% in the 4th quarter. ST Germain D J Co. Inc. now owns 543 shares of the company's stock valued at $43,000 after purchasing an additional 134 shares in the last quarter. Finally, Heck Capital Advisors LLC acquired a new stake in Johnson Controls International in the 4th quarter valued at about $48,000. 90.05% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

JCI has been the topic of a number of analyst reports. Citigroup reduced their price target on Johnson Controls International from $85.00 to $84.00 and set a "neutral" rating on the stock in a research report on Monday, January 13th. Royal Bank of Canada increased their price objective on Johnson Controls International from $86.00 to $93.00 and gave the company a "sector perform" rating in a report on Thursday, February 6th. Wells Fargo & Company increased their price objective on Johnson Controls International from $92.00 to $98.00 and gave the company an "overweight" rating in a report on Thursday, February 6th. Argus upgraded Johnson Controls International from a "hold" rating to a "buy" rating and set a $88.00 price objective on the stock in a report on Friday, December 20th. Finally, Barclays dropped their price objective on Johnson Controls International from $88.00 to $85.00 and set an "equal weight" rating on the stock in a report on Monday. Eight equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $91.27.

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Insider Activity at Johnson Controls International

In other news, VP Nathan D. Manning sold 1,421 shares of the business's stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $76.44, for a total value of $108,621.24. Following the completion of the transaction, the vice president now directly owns 148,346 shares of the company's stock, valued at $11,339,568.24. The trade was a 0.95 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO George Oliver sold 205,168 shares of the business's stock in a transaction on Friday, February 7th. The stock was sold at an average price of $88.03, for a total value of $18,060,939.04. Following the completion of the transaction, the chief executive officer now directly owns 1,260,527 shares of the company's stock, valued at approximately $110,964,191.81. This trade represents a 14.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 713,280 shares of company stock worth $62,575,288 over the last three months. 0.54% of the stock is currently owned by corporate insiders.

Johnson Controls International Stock Performance

Shares of NYSE:JCI traded down $0.98 during trading on Tuesday, reaching $76.94. The company had a trading volume of 6,666,302 shares, compared to its average volume of 4,710,433. The firm has a market capitalization of $50.79 billion, a price-to-earnings ratio of 29.37, a price-to-earnings-growth ratio of 1.96 and a beta of 1.32. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.02 and a quick ratio of 0.86. The stock's fifty day moving average price is $82.45 and its 200 day moving average price is $79.64. Johnson Controls International plc has a fifty-two week low of $59.83 and a fifty-two week high of $91.14.

Johnson Controls International (NYSE:JCI - Get Free Report) last released its 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%. As a group, equities research analysts predict that Johnson Controls International plc will post 3.64 EPS for the current year.

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.