Forum Financial Management LP Trims Holdings in Johnson Controls International plc (NYSE:JCI)

Forum Financial Management LP decreased its stake in shares of Johnson Controls International plc (NYSE:JCIGet Rating) by 4.8% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 7,204 shares of the company’s stock after selling 366 shares during the quarter. Forum Financial Management LP’s holdings in Johnson Controls International were worth $472,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in JCI. Wellington Management Group LLP lifted its position in Johnson Controls International by 20.8% during the first quarter. Wellington Management Group LLP now owns 57,842,396 shares of the company’s stock worth $3,792,726,000 after buying an additional 9,941,674 shares in the last quarter. Norges Bank purchased a new position in Johnson Controls International during the fourth quarter worth approximately $552,369,000. Schroder Investment Management Group lifted its position in Johnson Controls International by 759.0% during the fourth quarter. Schroder Investment Management Group now owns 3,031,203 shares of the company’s stock worth $246,468,000 after buying an additional 2,678,321 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. purchased a new position in Johnson Controls International during the first quarter worth approximately $134,563,000. Finally, Adage Capital Partners GP L.L.C. lifted its position in Johnson Controls International by 158.1% during the fourth quarter. Adage Capital Partners GP L.L.C. now owns 2,232,250 shares of the company’s stock worth $181,504,000 after buying an additional 1,367,535 shares in the last quarter. Hedge funds and other institutional investors own 88.79% of the company’s stock.

Analyst Ratings Changes

JCI has been the topic of a number of analyst reports. Jefferies Financial Group reduced their price objective on Johnson Controls International from $70.00 to $65.00 in a research report on Friday, July 15th. Morgan Stanley lifted their target price on Johnson Controls International from $61.00 to $62.00 and gave the company an “overweight” rating in a research report on Thursday, September 1st. TheStreet upgraded Johnson Controls International from a “c+” rating to a “b-” rating in a research report on Wednesday, September 7th. Oppenheimer lifted their target price on Johnson Controls International from $62.00 to $63.00 and gave the company an “outperform” rating in a research report on Monday, August 8th. Finally, Barclays reduced their target price on Johnson Controls International from $65.00 to $60.00 and set an “overweight” rating on the stock in a research report on Friday, July 8th. Three research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, Johnson Controls International has a consensus rating of “Moderate Buy” and a consensus target price of $67.71.

Johnson Controls International Trading Up 1.2 %

JCI opened at $58.86 on Tuesday. Johnson Controls International plc has a 12 month low of $45.52 and a 12 month high of $81.77. The stock has a market capitalization of $40.54 billion, a price-to-earnings ratio of 39.50, a PEG ratio of 1.30 and a beta of 1.17. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.97 and a quick ratio of 0.76. The business has a fifty day moving average price of $53.13 and a 200 day moving average price of $56.26.

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 the consensus estimate of $0.85. The firm had revenue of $6.61 billion during the quarter, compared to analysts’ expectations of $6.76 billion. Johnson Controls International had a return on equity of 11.35% and a net margin of 4.17%. Johnson Controls International’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.83 EPS. Sell-side analysts expect that Johnson Controls International plc will post 3 earnings per share for the current fiscal year.

Johnson Controls International 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.

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

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