Quent Capital LLC Trims Holdings in Johnson Controls International plc (NYSE:JCI)

Quent Capital LLC reduced its holdings in shares of Johnson Controls International plc (NYSE:JCI) by 46.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 528 shares of the company’s stock after selling 463 shares during the quarter. Quent Capital LLC’s holdings in Johnson Controls International were worth $42,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in JCI. Ritholtz Wealth Management boosted its stake in shares of Johnson Controls International by 8.4% during the 3rd quarter. Ritholtz Wealth Management now owns 3,614 shares of the company’s stock valued at $280,000 after buying an additional 281 shares during the last quarter. Exchange Traded Concepts LLC boosted its stake in shares of Johnson Controls International by 170.8% during the 3rd quarter. Exchange Traded Concepts LLC now owns 1,763 shares of the company’s stock valued at $137,000 after buying an additional 1,112 shares during the last quarter. Procyon Advisors LLC purchased a new position in shares of Johnson Controls International during the 3rd quarter valued at approximately $235,000. Creative Planning boosted its stake in shares of Johnson Controls International by 11.1% during the 3rd quarter. Creative Planning now owns 73,594 shares of the company’s stock valued at $5,712,000 after buying an additional 7,375 shares during the last quarter. Finally, Magnus Financial Group LLC purchased a new position in shares of Johnson Controls International during the 3rd quarter valued at approximately $210,000. 90.05% of the stock is currently owned by hedge funds and other institutional investors.

Johnson Controls International Price Performance

Shares of JCI opened at $88.52 on Friday. The firm has a market capitalization of $58.44 billion, a price-to-earnings ratio of 33.79, a price-to-earnings-growth ratio of 2.48 and a beta of 1.32. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.79 and a current ratio of 1.02. Johnson Controls International plc has a one year low of $55.07 and a one year high of $89.95. The stock’s fifty day moving average is $81.29 and its 200-day moving average is $77.47.

Johnson Controls International (NYSE:JCI) last issued its quarterly earnings results on Wednesday, February 5th. The company reported $0.64 EPS for the quarter, beating 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%. Equities analysts anticipate that Johnson Controls International plc will post 3.52 EPS for the current year.

Johnson Controls International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Monday, December 23rd were issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 1.67%. The ex-dividend date was Monday, December 23rd. Johnson Controls International’s payout ratio is currently 56.49%.

Insider Buying and Selling

In related news, VP Daniel C. Mcconeghy sold 1,950 shares of Johnson Controls International stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $87.73, for a total transaction of $171,073.50. Following the transaction, the vice president now directly owns 24,803 shares of the company’s stock, valued at $2,175,967.19. The trade was a 7.29 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO George Oliver sold 205,168 shares of the stock in a transaction on Monday, February 10th. The shares were sold at an average price of $89.07, for a total value of $18,274,313.76. Following the completion of the transaction, the chief executive officer now owns 1,260,527 shares of the company’s stock, valued at $112,275,139.89. This trade represents a 14.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 950,878 shares of company stock valued at $81,229,286 over the last three months. Company insiders own 0.54% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on JCI shares. Mizuho raised their price objective on Johnson Controls International from $62.00 to $75.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. Melius Research restated a “hold” rating and set a $95.00 price objective on shares of Johnson Controls International in a research note on Tuesday, January 28th. Melius cut Johnson Controls International from a “buy” rating to a “hold” rating and set a $95.00 price objective on the stock. in a research note on Tuesday, January 28th. Barclays raised their price objective on Johnson Controls International from $75.00 to $83.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 5th. Finally, Robert W. Baird raised their price objective on Johnson Controls International from $80.00 to $85.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. 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, Johnson Controls International has a consensus rating of “Moderate Buy” and a consensus target price of $91.13.

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.