Daymark Wealth Partners LLC Decreases Stock Position in Johnson Controls International plc $JCI

Daymark Wealth Partners LLC cut its position in Johnson Controls International plc (NYSE:JCI) by 19.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,216 shares of the company’s stock after selling 5,577 shares during the period. Daymark Wealth Partners LLC’s holdings in Johnson Controls International were worth $3,392,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in JCI. Mcguire Capital Advisors Inc. purchased a new stake in shares of Johnson Controls International during the fourth quarter worth $27,000. Twin Tree Management LP raised its position in shares of Johnson Controls International by 140.9% in the fourth quarter. Twin Tree Management LP now owns 260 shares of the company’s stock valued at $31,000 after buying an additional 895 shares during the last quarter. SJS Investment Consulting Inc. lifted its stake in shares of Johnson Controls International by 747.1% in the first quarter. SJS Investment Consulting Inc. now owns 288 shares of the company’s stock worth $38,000 after buying an additional 254 shares in the last quarter. Axiom Investment Management LLC purchased a new position in shares of Johnson Controls International in the second quarter worth about $41,000. Finally, Kemnay Advisory Services Inc. acquired a new position in Johnson Controls International during the fourth quarter worth about $47,000. 90.05% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, VP Todd M. Grabowski sold 1,800 shares of Johnson Controls International stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $146.20, for a total transaction of $263,160.00. Following the sale, the vice president owned 26,215 shares of the company’s stock, valued at approximately $3,832,633. The trade was a 6.43% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Lei Zhang Schlitz sold 23,417 shares of the company’s stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $153.07, for a total value of $3,584,440.19. Following the completion of the transaction, the vice president owned 15,017 shares in the company, valued at $2,298,652.19. This represents a 60.93% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.29% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on JCI. Royal Bank Of Canada upped their price objective on shares of Johnson Controls International from $154.00 to $161.00 and gave the company a “sector perform” rating in a research note on Thursday, July 30th. UBS Group reissued a “buy” rating on shares of Johnson Controls International in a research note on Thursday, July 30th. Morgan Stanley boosted their target price on Johnson Controls International from $140.00 to $175.00 and gave the stock an “overweight” rating in a report on Tuesday, June 9th. Barclays upped their price target on Johnson Controls International from $136.00 to $144.00 and gave the company an “equal weight” rating in a research report on Thursday, May 7th. Finally, HSBC increased their price target on Johnson Controls International from $127.00 to $136.00 in a report on Thursday, May 7th. Twelve research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $155.50.

Johnson Controls International Trading Up 1.5%

Shares of JCI opened at $153.73 on Friday. Johnson Controls International plc has a 12-month low of $103.07 and a 12-month high of $157.06. The firm has a market capitalization of $93.12 billion, a P/E ratio of 26.74, a P/E/G ratio of 1.48 and a beta of 1.31. The firm has a 50-day moving average price of $144.91 and a 200 day moving average price of $139.75. The company has a current ratio of 1.00, a quick ratio of 0.83 and a debt-to-equity ratio of 0.61.

Johnson Controls International (NYSE:JCI) last issued its earnings results on Thursday, July 30th. The company reported $1.42 EPS for the quarter, topping analysts’ consensus estimates of $1.30 by $0.12. Johnson Controls International had a net margin of 14.32% and a return on equity of 22.11%. The company had revenue of $6.61 billion for the quarter, compared to the consensus estimate of $6.46 billion. During the same period in the previous year, the firm earned $1.05 earnings per share. Johnson Controls International’s quarterly revenue was up 9.3% compared to the same quarter last year. Sell-side analysts forecast that Johnson Controls International plc will post 5.08 EPS for the current year.

Johnson Controls International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 10th. Stockholders of record on Monday, June 15th were issued a dividend of $0.40 per share. The ex-dividend date was Monday, June 15th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.0%. Johnson Controls International’s dividend payout ratio (DPR) is currently 27.83%.

About Johnson Controls International

Johnson Controls International plc is a global diversified technology and multi‑industrial company that develops products, services and solutions for buildings and energy storage. The company’s core focus is on improving building efficiency, safety and sustainability through a combination of HVAC equipment, building controls and automation, fire and security systems, and related services. Johnson Controls traces its roots to 1885, when inventor Warren S. Johnson developed an electric room thermostat; over its long history the company has expanded from controls into a broad set of building‑related technologies and, through corporate transactions, into a global provider of integrated building solutions.

Johnson Controls’ product and service portfolio includes heating, ventilation and air‑conditioning equipment, chillers, air handlers and related mechanical systems, together with building automation and control platforms that monitor and manage energy use, indoor environmental quality and security.