Wrapmanager Inc. Reduces Stock Position in Johnson Controls International plc (NYSE:JCI)

Wrapmanager Inc. decreased its position in Johnson Controls International plc (NYSE:JCI) by 23.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,127 shares of the company’s stock after selling 1,881 shares during the quarter. Wrapmanager Inc.’s holdings in Johnson Controls International were worth $407,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Rise Advisors LLC purchased a new position in Johnson Controls International during the 1st quarter valued at about $25,000. Continuum Advisory LLC raised its holdings in shares of Johnson Controls International by 65.2% during the second quarter. Continuum Advisory LLC now owns 527 shares of the company’s stock valued at $35,000 after acquiring an additional 208 shares in the last quarter. Hexagon Capital Partners LLC boosted its holdings in Johnson Controls International by 39.7% in the second quarter. Hexagon Capital Partners LLC now owns 711 shares of the company’s stock valued at $47,000 after acquiring an additional 202 shares in the last quarter. Friedenthal Financial purchased a new position in Johnson Controls International during the 2nd quarter valued at $47,000. Finally, Centerpoint Advisors LLC increased its position in Johnson Controls International by 126.8% during the 1st quarter. Centerpoint Advisors LLC now owns 737 shares of the company’s stock valued at $48,000 after purchasing an additional 412 shares during the period. 90.05% of the stock is owned by institutional investors.

Insider Activity

In other Johnson Controls International news, COO Nathan D. Manning sold 1,167 shares of Johnson Controls International stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $70.71, for a total value of $82,518.57. Following the completion of the sale, the chief operating officer now owns 103,866 shares of the company’s stock, valued at approximately $7,344,364.86. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders sold 4,245 shares of company stock valued at $295,442 over the last three months. Insiders own 0.69% of the company’s stock.

Johnson Controls International Stock Performance

JCI stock opened at $72.55 on Friday. The stock’s 50 day simple moving average is $69.46 and its 200 day simple moving average is $67.27. The company has a current ratio of 0.96, a quick ratio of 0.73 and a debt-to-equity ratio of 0.46. Johnson Controls International plc has a 12-month low of $47.90 and a 12-month high of $75.36. The stock has a market capitalization of $48.46 billion, a PE ratio of 29.37, a price-to-earnings-growth ratio of 1.86 and a beta of 1.29.

Johnson Controls International (NYSE:JCI) last released its quarterly earnings data on Wednesday, July 31st. The company reported $1.14 EPS for the quarter, beating the consensus estimate of $1.08 by $0.06. Johnson Controls International had a return on equity of 13.64% and a net margin of 6.02%. The company had revenue of $7.23 billion for the quarter, compared to analysts’ expectations of $7.53 billion. During the same period last year, the firm posted $1.03 earnings per share. Johnson Controls International’s revenue was up 1.4% compared to the same quarter last year. As a group, research analysts forecast that Johnson Controls International plc will post 3.67 earnings per share for the current fiscal year.

Johnson Controls International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 18th. Stockholders of record on Wednesday, September 25th will be issued a dividend of $0.37 per share. The ex-dividend date of this dividend is Wednesday, September 25th. This represents a $1.48 annualized dividend and a dividend yield of 2.04%. Johnson Controls International’s payout ratio is 59.92%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on JCI shares. Bank of America raised shares of Johnson Controls International from a “neutral” rating to a “buy” rating and lifted their target price for the company from $76.00 to $80.00 in a research note on Tuesday. Wells Fargo & Company lifted their price objective on Johnson Controls International from $75.00 to $80.00 and gave the company an “overweight” rating in a research report on Thursday, August 1st. Oppenheimer increased their target price on Johnson Controls International from $70.00 to $76.00 and gave the stock an “outperform” rating in a research report on Thursday, June 27th. Morgan Stanley assumed coverage on Johnson Controls International in a research report on Friday, September 6th. They set an “overweight” rating and a $85.00 price target on the stock. Finally, Barclays reduced their price target on Johnson Controls International from $62.00 to $61.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 10th. Eleven analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, Johnson Controls International presently has a consensus rating of “Hold” and a consensus price target of $70.21.

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.