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 shares of Johnson Controls International plc (NYSE:JCI) in the 4th quarter, HoldingsChannel reports. The fund bought 15,544 shares of the company’s stock, valued at approximately $1,227,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Park Avenue Securities LLC raised its stake in Johnson Controls International by 101.5% during the fourth quarter. Park Avenue Securities LLC now owns 26,517 shares of the company’s stock worth $2,093,000 after acquiring an additional 13,360 shares during the period. Certuity LLC acquired a new stake in shares of Johnson Controls International during the 4th quarter worth approximately $243,000. BNC Wealth Management LLC bought a new stake in shares of Johnson Controls International in the 4th quarter worth approximately $2,093,000. Seros Financial LLC acquired a new position in Johnson Controls International during the 4th quarter valued at approximately $561,000. Finally, Czech National Bank grew its stake in Johnson Controls International by 6.4% during the 4th quarter. Czech National Bank now owns 144,839 shares of the company’s stock worth $11,432,000 after buying an additional 8,758 shares during the last quarter. Institutional investors own 90.05% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on JCI shares. UBS Group raised shares of Johnson Controls International from a “neutral” rating to a “buy” rating and boosted their price target for the company from $90.00 to $103.00 in a report on Monday, February 10th. Royal Bank of Canada boosted their target price on shares of Johnson Controls International from $86.00 to $93.00 and gave the company a “sector perform” rating in a research note on Thursday, February 6th. Melius lowered shares of Johnson Controls International from a “buy” rating to a “hold” rating and set a $95.00 price target on the stock. in a research note on Tuesday, January 28th. Citigroup cut their price target on Johnson Controls International from $85.00 to $84.00 and set a “neutral” rating on the stock in a report on Monday, January 13th. Finally, Morgan Stanley increased 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. Eight research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, Johnson Controls International currently has a consensus rating of “Moderate Buy” and an average price target of $90.00.

Johnson Controls International Price Performance

Shares of NYSE JCI opened at $77.68 on Monday. Johnson Controls International plc has a twelve month low of $59.83 and a twelve month high of $91.14. The company has a current ratio of 1.02, a quick ratio of 0.86 and a debt-to-equity ratio of 0.50. The firm has a 50-day moving average of $82.34 and a two-hundred day moving average of $80.82. The company 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 released its earnings results on Wednesday, February 5th. The company reported $0.64 EPS for the quarter, topping 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%. As a group, analysts expect that Johnson Controls International plc will post 3.64 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 Thursday, April 17th. Stockholders of record on Monday, March 24th will be paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 1.91%. The ex-dividend date is Monday, March 24th. Johnson Controls International’s dividend payout ratio is presently 56.49%.

Insider Buying and Selling

In other Johnson Controls International 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 value of $108,621.24. Following the completion of the transaction, the vice president now directly owns 148,346 shares in the company, valued at $11,339,568.24. This trade represents a 0.95 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO George Oliver sold 205,168 shares of the business’s stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $88.03, for a total transaction of $18,060,939.04. Following the sale, the chief executive officer now owns 1,260,527 shares in the company, valued at $110,964,191.81. This represents a 14.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 907,286 shares of company stock worth $77,938,071 in the last three months. 0.54% of the stock is currently owned by insiders.

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.