Johnson Controls International plc (NYSE:JCI) Stake Cut by Wealthspire Advisors LLC

Wealthspire Advisors LLC trimmed its stake in Johnson Controls International plc (NYSE:JCI) by 13.3% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 3,174 shares of the company’s stock after selling 489 shares during the quarter. Wealthspire Advisors LLC’s holdings in Johnson Controls International were worth $251,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Park Avenue Securities LLC raised its stake in shares of Johnson Controls International by 101.5% during the fourth quarter. Park Avenue Securities LLC now owns 26,517 shares of the company’s stock valued at $2,093,000 after purchasing an additional 13,360 shares in the last quarter. Certuity LLC acquired a new stake in Johnson Controls International during the 4th quarter worth about $243,000. Y Intercept Hong Kong Ltd raised its holdings in Johnson Controls International by 136.8% during the 3rd quarter. Y Intercept Hong Kong Ltd now owns 91,248 shares of the company’s stock worth $7,082,000 after buying an additional 52,719 shares during the period. Geode Capital Management LLC increased its holdings in shares of Johnson Controls International by 0.5% in the 3rd quarter. Geode Capital Management LLC now owns 13,475,260 shares of the company’s stock valued at $1,041,822,000 after purchasing an additional 71,493 shares during the period. Finally, BNC Wealth Management LLC acquired a new position in shares of Johnson Controls International in the 4th quarter valued at about $2,093,000. 90.05% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Oppenheimer boosted their price target on Johnson Controls International from $86.00 to $87.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Wells Fargo & Company upped their target price on Johnson Controls International from $92.00 to $98.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Melius Research reissued a “hold” rating and issued a $95.00 price objective on shares of Johnson Controls International in a research report on Tuesday, January 28th. 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 research report on Thursday, February 6th. Finally, StockNews.com lowered Johnson Controls International from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th. Eight equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $91.13.

Insider Buying and Selling at Johnson Controls International

In other Johnson Controls International news, CEO George Oliver sold 129,263 shares of the stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $83.55, for a total value of $10,799,923.65. Following the transaction, the chief executive officer now owns 1,203,893 shares in the company, valued at approximately $100,585,260.15. This represents a 9.70 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Nathan D. Manning sold 1,421 shares of the stock in a transaction that occurred 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 owns 148,346 shares in the company, valued at approximately $11,339,568.24. The trade was a 0.95 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 837,963 shares of company stock worth $72,883,012. Insiders own 0.54% of the company’s stock.

Johnson Controls International Price Performance

Johnson Controls International stock opened at $84.24 on Friday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.86 and a current ratio of 1.02. Johnson Controls International plc has a 52 week low of $59.05 and a 52 week high of $91.14. The stock has a market capitalization of $55.61 billion, a P/E ratio of 32.15, a price-to-earnings-growth ratio of 1.96 and a beta of 1.32. The stock has a fifty day moving average of $82.33 and a 200-day moving average of $78.86.

Johnson Controls International (NYSE:JCI) last issued its earnings results on Wednesday, February 5th. The company reported $0.64 earnings per share (EPS) for the quarter, topping 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%. On average, sell-side analysts expect that Johnson Controls International plc will post 3.64 earnings per share for the current fiscal year.

Johnson Controls International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Monday, December 23rd were given a $0.37 dividend. The ex-dividend date was Monday, December 23rd. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.76%. Johnson Controls International’s dividend payout ratio (DPR) is presently 56.49%.

Johnson Controls International Profile

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.