Seven Eight Capital LP Boosts Stake in Johnson Controls International plc (NYSE:JCI)

Seven Eight Capital LP grew its position in shares of Johnson Controls International plc (NYSE:JCI) by 71.3% during the first quarter, according to its most recent filing with the SEC. The firm owned 18,893 shares of the company’s stock after acquiring an additional 7,862 shares during the period. Seven Eight Capital LP’s holdings in Johnson Controls International were worth $1,138,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Raymond James Trust N.A. boosted its position in shares of Johnson Controls International by 3.1% in the 1st quarter. Raymond James Trust N.A. now owns 13,142 shares of the company’s stock worth $862,000 after purchasing an additional 401 shares in the last quarter. Synovus Financial Corp lifted its position in Johnson Controls International by 3.6% in the 1st quarter. Synovus Financial Corp now owns 12,080 shares of the company’s stock valued at $786,000 after acquiring an additional 425 shares in the last quarter. Baird Financial Group Inc. lifted its position in Johnson Controls International by 0.7% in the 1st quarter. Baird Financial Group Inc. now owns 70,039 shares of the company’s stock valued at $4,593,000 after acquiring an additional 461 shares in the last quarter. Brown Brothers Harriman & Co. lifted its position in Johnson Controls International by 23.0% in the 1st quarter. Brown Brothers Harriman & Co. now owns 7,581 shares of the company’s stock valued at $497,000 after acquiring an additional 1,418 shares in the last quarter. Finally, Mackenzie Financial Corp lifted its position in Johnson Controls International by 3.5% in the 1st quarter. Mackenzie Financial Corp now owns 371,039 shares of the company’s stock valued at $24,329,000 after acquiring an additional 12,648 shares in the last quarter. Hedge funds and other institutional investors own 88.64% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Morgan Stanley lowered their price objective on Johnson Controls International from $77.00 to $73.00 and set an “overweight” rating on the stock in a research report on Thursday, August 3rd. Oppenheimer lowered their price target on Johnson Controls International from $79.00 to $78.00 and set an “outperform” rating on the stock in a report on Thursday, August 3rd. Wells Fargo & Company increased their price target on Johnson Controls International from $69.00 to $74.00 in a report on Monday, July 10th. Barclays lowered their price target on Johnson Controls International from $69.00 to $66.00 in a report on Thursday. Finally, StockNews.com initiated coverage on Johnson Controls International in a report on Thursday, August 17th. They set a “buy” rating on the stock. Four 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 MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $71.08.

Johnson Controls International Trading Up 0.6 %

NYSE JCI opened at $57.35 on Friday. The company has a market capitalization of $39.02 billion, a PE ratio of 19.18, a P/E/G ratio of 1.14 and a beta of 1.25. The company has a fifty day moving average of $63.54 and a 200 day moving average of $62.16. Johnson Controls International plc has a 1 year low of $48.82 and a 1 year high of $70.43. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.08 and a quick ratio of 0.80.

Johnson Controls International (NYSE:JCI) last issued its quarterly earnings data on Wednesday, August 2nd. The company reported $1.03 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.03. The business had revenue of $7.13 billion during the quarter, compared to the consensus estimate of $7.20 billion. Johnson Controls International had a net margin of 7.74% and a return on equity of 13.69%. The company’s revenue was up 7.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.85 earnings per share. Research analysts forecast that Johnson Controls International plc will post 3.55 earnings per share for the current year.

Insider Transactions at Johnson Controls International

In other news, CEO George Oliver sold 103,332 shares of the business’s stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $59.23, for a total transaction of $6,120,354.36. Following the completion of the sale, the chief executive officer now owns 979,759 shares of the company’s stock, valued at $58,031,125.57. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.71% of the company’s stock.

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.