Soltis Investment Advisors LLC Cuts Stock Holdings in Johnson Controls International plc (NYSE:JCI)

Soltis Investment Advisors LLC lessened its position in Johnson Controls International plc (NYSE:JCI) by 8.2% during the 4th quarter, HoldingsChannel.com reports. The fund owned 2,583 shares of the company’s stock after selling 232 shares during the quarter. Soltis Investment Advisors LLC’s holdings in Johnson Controls International were worth $204,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Park Avenue Securities LLC raised its stake in Johnson Controls International by 101.5% in the 4th quarter. Park Avenue Securities LLC now owns 26,517 shares of the company’s stock valued at $2,093,000 after purchasing an additional 13,360 shares during the last quarter. Y Intercept Hong Kong Ltd grew its holdings in shares of Johnson Controls International by 136.8% during the third quarter. Y Intercept Hong Kong Ltd now owns 91,248 shares of the company’s stock worth $7,082,000 after buying an additional 52,719 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Johnson Controls International by 0.5% during the third quarter. Geode Capital Management LLC now owns 13,475,260 shares of the company’s stock worth $1,041,822,000 after buying an additional 71,493 shares in the last quarter. BNC Wealth Management LLC acquired a new stake in shares of Johnson Controls International in the fourth quarter valued at about $2,093,000. Finally, International Assets Investment Management LLC purchased a new position in shares of Johnson Controls International in the third quarter worth about $7,692,000. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Johnson Controls International Stock Down 0.4 %

Shares of JCI opened at $89.13 on Wednesday. The company’s 50-day moving average price is $81.05 and its 200 day moving average price is $77.24. Johnson Controls International plc has a 12-month low of $54.07 and a 12-month high of $89.95. The company has a current ratio of 1.02, a quick ratio of 0.79 and a debt-to-equity ratio of 0.50. The firm has a market cap of $58.83 billion, a P/E ratio of 34.02, a price-to-earnings-growth ratio of 2.48 and a beta of 1.32.

Johnson Controls International (NYSE:JCI) last released its quarterly earnings results on Wednesday, February 5th. The company reported $0.64 earnings per share (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%. On average, sell-side analysts forecast that Johnson Controls International plc will post 3.52 earnings per share for the current year.

Johnson Controls International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Monday, December 23rd were paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 1.66%. The ex-dividend date was Monday, December 23rd. Johnson Controls International’s dividend payout ratio (DPR) is 56.49%.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Wells Fargo & Company upped their price objective on shares of Johnson Controls International from $92.00 to $98.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Royal Bank of Canada upped their price target on Johnson Controls International from $86.00 to $93.00 and gave the company a “sector perform” rating in a research report on Thursday, February 6th. JPMorgan Chase & Co. increased their price target on Johnson Controls International from $87.00 to $100.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Mizuho boosted 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. Finally, StockNews.com downgraded Johnson Controls International from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th. Eight analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $91.13.

Insider Transactions at Johnson Controls International

In related news, CEO George Oliver sold 205,168 shares of the business’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $89.07, for a total value of $18,274,313.76. Following the sale, the chief executive officer now owns 1,260,527 shares in the company, valued at approximately $112,275,139.89. The trade was a 14.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Marlon Sullivan sold 7,230 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $83.35, for a total value of $602,620.50. Following the transaction, the executive vice president now owns 32,246 shares of the company’s stock, valued at $2,687,704.10. This trade represents a 18.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,061,494 shares of company stock worth $90,587,400 over the last ninety days. Company insiders own 0.54% of the company’s stock.

About Johnson Controls International

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.