1858 Wealth Management LLC Sells 3,686 Shares of Johnson Controls International plc (NYSE:JCI)

1858 Wealth Management LLC decreased its stake in shares of Johnson Controls International plc (NYSE:JCI) by 52.1% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,387 shares of the company’s stock after selling 3,686 shares during the quarter. 1858 Wealth Management LLC’s holdings in Johnson Controls International were worth $263,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in JCI. Park Avenue Securities LLC increased its holdings in Johnson Controls International by 2.2% during the first quarter. Park Avenue Securities LLC now owns 16,043 shares of the company’s stock worth $1,048,000 after buying an additional 343 shares during the last quarter. RFG Advisory LLC acquired a new stake in Johnson Controls International in the 1st quarter valued at about $222,000. Ballentine Partners LLC grew its holdings in Johnson Controls International by 43.9% during the first quarter. Ballentine Partners LLC now owns 10,550 shares of the company’s stock worth $689,000 after purchasing an additional 3,219 shares during the period. Strategic Planning Group LLC increased its position in Johnson Controls International by 18.6% during the first quarter. Strategic Planning Group LLC now owns 44,419 shares of the company’s stock worth $2,901,000 after buying an additional 6,964 shares during the last quarter. Finally, Riverview Trust Co acquired a new stake in shares of Johnson Controls International in the first quarter valued at approximately $99,000. Institutional investors own 90.05% of the company’s stock.

Insider Activity at Johnson Controls International

In other Johnson Controls International news, CEO George Oliver sold 110,615 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $72.67, for a total value of $8,038,392.05. Following the sale, the chief executive officer now owns 1,243,751 shares in the company, valued at $90,383,385.17. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, CEO George Oliver sold 110,615 shares of the stock in a transaction on Monday, September 16th. The stock was sold at an average price of $72.67, for a total value of $8,038,392.05. Following the completion of the transaction, the chief executive officer now directly owns 1,243,751 shares in the company, valued at approximately $90,383,385.17. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Nathan D. Manning sold 1,167 shares of the business’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $72.75, for a total value of $84,899.25. Following the sale, the chief operating officer now owns 143,488 shares in the company, valued at $10,438,752. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 227,308 shares of company stock valued at $16,984,829. 0.69% of the stock is owned by insiders.

Johnson Controls International Price Performance

Shares of NYSE JCI traded down $0.39 during trading hours on Monday, hitting $77.05. 532,112 shares of the stock were exchanged, compared to its average volume of 4,995,965. Johnson Controls International plc has a 1-year low of $47.90 and a 1-year high of $78.23. The company has a market cap of $51.47 billion, a PE ratio of 32.40, a price-to-earnings-growth ratio of 2.21 and a beta of 1.29. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.73 and a current ratio of 0.96. The company’s fifty day simple moving average is $73.12 and its two-hundred day simple moving average is $69.66.

Johnson Controls International (NYSE:JCI) last issued its earnings results on Wednesday, July 31st. The company reported $1.14 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $7.23 billion for the quarter, compared to the consensus estimate of $7.53 billion. During the same quarter last year, the business posted $1.03 EPS. The company’s revenue was up 1.4% compared to the same quarter last year. On average, sell-side analysts predict that Johnson Controls International plc will post 3.68 EPS for the current year.

Johnson Controls International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Wednesday, September 25th were paid a $0.37 dividend. The ex-dividend date was Wednesday, September 25th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.92%. Johnson Controls International’s payout ratio is currently 61.92%.

Analyst Ratings Changes

JCI has been the topic of a number of recent analyst reports. Royal Bank of Canada raised Johnson Controls International from an “underperform” rating to a “sector perform” rating and boosted their target price for the stock from $61.00 to $69.00 in a report on Wednesday, August 14th. Morgan Stanley began coverage on shares of Johnson Controls International in a research report on Friday, September 6th. They issued an “overweight” rating and a $85.00 price objective on the stock. Robert W. Baird lifted their target price on shares of Johnson Controls International from $72.00 to $78.00 and gave the stock a “neutral” rating in a report on Thursday, August 1st. The Goldman Sachs Group increased their price target on shares of Johnson Controls International from $73.00 to $81.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Finally, Bank of America boosted their price objective on Johnson Controls International from $80.00 to $95.00 and gave the stock a “buy” rating in a report on Friday, September 27th. Eleven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $73.43.

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.