SeaCrest Wealth Management LLC Purchases 135 Shares of Johnson Controls International plc (NYSE:JCI)

SeaCrest Wealth Management LLC increased its position in shares of Johnson Controls International plc (NYSE:JCI) by 2.7% during the first quarter, HoldingsChannel.com reports. The firm owned 5,060 shares of the company’s stock after buying an additional 135 shares during the period. SeaCrest Wealth Management LLC’s holdings in Johnson Controls International were worth $405,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. grew its position in Johnson Controls International by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 68,156,110 shares of the company’s stock valued at $5,379,562,000 after acquiring an additional 179,743 shares during the period. Franklin Resources Inc. grew its position in Johnson Controls International by 6.0% in the fourth quarter. Franklin Resources Inc. now owns 23,344,374 shares of the company’s stock valued at $1,842,571,000 after acquiring an additional 1,325,500 shares during the period. Invesco Ltd. grew its position in Johnson Controls International by 13.2% in the fourth quarter. Invesco Ltd. now owns 18,407,597 shares of the company’s stock valued at $1,452,912,000 after acquiring an additional 2,150,573 shares during the period. Fisher Asset Management LLC grew its position in Johnson Controls International by 2.9% in the fourth quarter. Fisher Asset Management LLC now owns 15,743,019 shares of the company’s stock valued at $1,242,597,000 after acquiring an additional 447,513 shares during the period. Finally, Geode Capital Management LLC grew its position in Johnson Controls International by 2.5% in the fourth quarter. Geode Capital Management LLC now owns 13,818,777 shares of the company’s stock valued at $1,087,670,000 after acquiring an additional 343,517 shares during the period. 90.05% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Johnson Controls International news, VP Nathan D. Manning sold 1,422 shares of the stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $100.90, for a total value of $143,479.80. Following the transaction, the vice president now owns 143,282 shares of the company’s stock, valued at approximately $14,457,153.80. This represents a 0.98% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Anuruddha Rathninde sold 15,000 shares of the stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $103.13, for a total value of $1,546,950.00. Following the completion of the transaction, the vice president now directly owns 42,574 shares in the company, valued at $4,390,656.62. The trade was a 26.05% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 347,555 shares of company stock valued at $29,536,076. Company insiders own 0.54% of the company’s stock.

Johnson Controls International Trading Up 1.5%

Shares of JCI opened at $103.81 on Friday. The company has a quick ratio of 0.86, a current ratio of 1.02 and a debt-to-equity ratio of 0.50. Johnson Controls International plc has a 12-month low of $64.31 and a 12-month high of $103.84. The firm has a market capitalization of $68.31 billion, a PE ratio of 39.62, a price-to-earnings-growth ratio of 1.96 and a beta of 1.33. The stock’s fifty day simple moving average is $87.90 and its 200-day simple moving average is $84.20.

Johnson Controls International (NYSE:JCI) last issued its quarterly earnings results on Wednesday, May 7th. The company reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.05. Johnson Controls International had a return on equity of 15.11% and a net margin of 6.83%. The business had revenue of $5.68 billion for the quarter, compared to analyst estimates of $5.64 billion. During the same quarter in the prior year, the firm posted $0.78 earnings per share. The firm’s revenue for the quarter was up 1.4% compared to the same quarter last year. As a group, research analysts predict that Johnson Controls International plc will post 3.64 earnings per share for the current year.

Johnson Controls International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Monday, March 24th were issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date was Monday, March 24th. Johnson Controls International’s dividend payout ratio is presently 39.47%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on JCI shares. Deutsche Bank Aktiengesellschaft upgraded Johnson Controls International from a “hold” rating to a “buy” rating and upped their price target for the company from $101.00 to $112.00 in a research report on Monday, May 12th. JPMorgan Chase & Co. upped their price target on Johnson Controls International from $81.00 to $98.00 and gave the company an “overweight” rating in a research report on Friday, May 16th. Citigroup lowered their price target on Johnson Controls International from $95.00 to $85.00 and set a “neutral” rating on the stock in a research report on Monday, April 14th. Royal Bank of Canada upped their price target on Johnson Controls International from $82.00 to $98.00 and gave the company a “sector perform” rating in a research report on Thursday, May 8th. Finally, Barclays boosted their price objective on Johnson Controls International from $85.00 to $90.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 14th. Eight research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $97.88.

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.