15,544 Shares in Johnson Controls International plc (NYSE:JCI) Bought by Sagespring Wealth Partners LLC

Sagespring Wealth Partners LLC bought a new stake in Johnson Controls International plc (NYSE:JCI) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 15,544 shares of the company’s stock, valued at approximately $1,227,000.

Several other institutional investors also recently made changes to their positions in JCI. Raymond James Financial Inc. acquired a new stake in shares of Johnson Controls International in the fourth quarter valued at about $568,309,000. Norges Bank purchased a new position in Johnson Controls International in the fourth quarter valued at about $560,549,000. Invesco Ltd. lifted its position in shares of Johnson Controls International by 13.2% during the 4th 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. Amundi boosted its stake in shares of Johnson Controls International by 76.7% during the 4th quarter. Amundi now owns 3,870,478 shares of the company’s stock worth $309,422,000 after acquiring an additional 1,680,431 shares in the last quarter. Finally, Franklin Resources Inc. grew its holdings in shares of Johnson Controls International by 6.0% in the 4th quarter. Franklin Resources Inc. now owns 23,344,374 shares of the company’s stock worth $1,842,571,000 after acquiring an additional 1,325,500 shares during the period. 90.05% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on JCI shares. Morgan Stanley lifted their price objective on Johnson Controls International from $95.00 to $105.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. UBS Group upgraded shares of Johnson Controls International from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $90.00 to $103.00 in a research report on Monday, February 10th. Citigroup dropped their target price on shares of Johnson Controls International from $85.00 to $84.00 and set a “neutral” rating for the company in a report on Monday, January 13th. Melius Research reaffirmed a “hold” rating and issued a $95.00 price target on shares of Johnson Controls International in a report on Tuesday, January 28th. Finally, Wells Fargo & Company raised their price objective on shares of Johnson Controls International from $92.00 to $98.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. Eight equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $90.00.

Insiders Place Their Bets

In related news, VP Nathan D. Manning sold 1,422 shares of the stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $79.72, for a total value of $113,361.84. Following the completion of the transaction, the vice president now owns 145,502 shares of the company’s stock, valued at approximately $11,599,419.44. This represents a 0.97 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Daniel C. Mcconeghy sold 1,950 shares of the company’s stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $87.73, for a total value of $171,073.50. Following the completion of the transaction, the vice president now directly owns 24,803 shares in the company, valued at approximately $2,175,967.19. The trade was a 7.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 907,286 shares of company stock worth $77,938,071 in the last 90 days. 0.54% of the stock is owned by company insiders.

Johnson Controls International Trading Up 1.9 %

NYSE JCI opened at $77.68 on Monday. 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 one year low of $59.83 and a one year high of $91.14. The company’s 50 day moving average price is $82.34 and its 200 day moving average price is $80.82. The firm has a market capitalization of $51.28 billion, a price-to-earnings ratio of 29.65, a PEG ratio of 1.96 and a beta of 1.22.

Johnson Controls International (NYSE:JCI) last posted its earnings results on Wednesday, February 5th. The company reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.05. Johnson Controls International had a net margin of 6.83% and a return on equity of 15.11%. On average, sell-side analysts predict that Johnson Controls International plc will post 3.64 EPS for the current year.

Johnson Controls International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Monday, March 24th will be given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 1.91%. The ex-dividend date is Monday, March 24th. Johnson Controls International’s dividend payout ratio (DPR) is presently 56.49%.

Johnson Controls International Company 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.