Avestar Capital LLC lowered its position in Johnson Controls International plc (NYSE:JCI – Free Report) by 12.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,703 shares of the company’s stock after selling 940 shares during the quarter. Avestar Capital LLC’s holdings in Johnson Controls International were worth $529,000 at the end of the most recent quarter.
Several other hedge funds also recently bought and sold shares of the company. Park Avenue Securities LLC lifted its holdings in shares of Johnson Controls International by 101.5% during the 4th quarter. Park Avenue Securities LLC now owns 26,517 shares of the company’s stock valued at $2,093,000 after buying an additional 13,360 shares during the last quarter. Y Intercept Hong Kong Ltd lifted its stake in Johnson Controls International by 136.8% in the third quarter. Y Intercept Hong Kong Ltd now owns 91,248 shares of the company’s stock valued at $7,082,000 after acquiring an additional 52,719 shares during the last quarter. Geode Capital Management LLC lifted its stake in Johnson Controls International by 0.5% in the third quarter. Geode Capital Management LLC now owns 13,475,260 shares of the company’s stock valued at $1,041,822,000 after acquiring an additional 71,493 shares during the last quarter. BNC Wealth Management LLC bought a new stake in Johnson Controls International in the fourth quarter worth approximately $2,093,000. Finally, International Assets Investment Management LLC acquired a new position in shares of Johnson Controls International during the 3rd quarter worth $7,692,000. 90.05% of the stock is owned by institutional investors and hedge funds.
Insider Transactions at Johnson Controls International
In other news, VP Nathan D. Manning sold 1,421 shares of the firm’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $76.44, for a total transaction of $108,621.24. Following the completion of the transaction, the vice president now directly owns 148,346 shares of the company’s stock, valued at approximately $11,339,568.24. This trade represents a 0.95 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Daniel C. Mcconeghy sold 1,950 shares of Johnson Controls International stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $87.73, for a total transaction of $171,073.50. Following the sale, the vice president now owns 24,803 shares in the company, valued at approximately $2,175,967.19. This trade represents a 7.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 950,878 shares of company stock valued at $81,229,286. 0.54% of the stock is owned by corporate insiders.
Johnson Controls International Price Performance
Johnson Controls International (NYSE:JCI – Get Free Report) last announced its quarterly earnings data 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 net margin of 6.83% and a return on equity of 15.11%. Analysts anticipate that Johnson Controls International plc will post 3.52 earnings per share for the current year.
Johnson Controls International Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Monday, December 23rd were issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 1.67%. The ex-dividend date of this dividend was Monday, December 23rd. Johnson Controls International’s payout ratio is presently 56.49%.
Wall Street Analysts Forecast Growth
Several equities research analysts recently issued reports on the stock. JPMorgan Chase & Co. lifted their price objective on shares of Johnson Controls International from $87.00 to $100.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. UBS Group upgraded Johnson Controls International from a “neutral” rating to a “buy” rating and upped their price target for the stock from $90.00 to $103.00 in a research note on Monday. Argus raised Johnson Controls International from a “hold” rating to a “buy” rating and set a $88.00 price objective on the stock in a research note on Friday, December 20th. Royal Bank of Canada boosted their target price on Johnson Controls International from $86.00 to $93.00 and gave the stock a “sector perform” rating in a report on Thursday, February 6th. Finally, Wells Fargo & Company increased their price target on Johnson Controls International from $92.00 to $98.00 and gave the company an “overweight” rating in a report 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 company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $91.13.
Check Out Our Latest Analysis on Johnson Controls International
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.
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