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

Soltis Investment Advisors LLC reduced its position in Johnson Controls International plc (NYSE:JCI) by 8.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,583 shares of the company’s stock after selling 232 shares during the period. Soltis Investment Advisors LLC’s holdings in Johnson Controls International were worth $204,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Park Avenue Securities LLC grew its holdings in Johnson Controls International by 101.5% in the fourth quarter. Park Avenue Securities LLC now owns 26,517 shares of the company’s stock worth $2,093,000 after purchasing an additional 13,360 shares during the last quarter. Y Intercept Hong Kong Ltd increased its position in Johnson Controls International by 136.8% during the 3rd quarter. Y Intercept Hong Kong Ltd now owns 91,248 shares of the company’s stock valued at $7,082,000 after buying an additional 52,719 shares in the last quarter. Geode Capital Management LLC raised 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 buying an additional 71,493 shares during the last quarter. BNC Wealth Management LLC acquired a new stake in Johnson Controls International in the fourth quarter worth about $2,093,000. Finally, International Assets Investment Management LLC purchased a new stake in shares of Johnson Controls International during 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 %

Johnson Controls International stock opened at $89.13 on Wednesday. Johnson Controls International plc has a 52 week low of $54.07 and a 52 week high of $89.95. The firm has a market cap of $58.83 billion, a price-to-earnings ratio of 34.02, a price-to-earnings-growth ratio of 2.48 and a beta of 1.32. The business’s 50-day moving average price is $81.05 and its 200 day moving average price is $77.24. The company has a quick ratio of 0.79, a current ratio of 1.02 and a debt-to-equity ratio of 0.50.

Johnson Controls International (NYSE:JCI) last issued its quarterly earnings data 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, sell-side 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 announced a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Monday, December 23rd were paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 1.66%. The ex-dividend date of this dividend was Monday, December 23rd. Johnson Controls International’s payout ratio is currently 56.49%.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Barclays increased their price objective on shares of Johnson Controls International from $75.00 to $83.00 and gave the company an “equal weight” rating in a research report on Thursday, December 5th. UBS Group raised shares of Johnson Controls International from a “neutral” rating to a “buy” rating and raised their price target for the stock from $90.00 to $103.00 in a report on Monday. Wells Fargo & Company boosted their price objective on shares of Johnson Controls International from $92.00 to $98.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Citigroup reduced their target price on Johnson Controls International from $85.00 to $84.00 and set a “neutral” rating for the company in a research note on Monday, January 13th. Finally, Melius cut Johnson Controls International from a “buy” rating to a “hold” rating and set a $95.00 price target for the company. in a research report on Tuesday, January 28th. Eight equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, Johnson Controls International currently has a consensus rating of “Moderate Buy” and a consensus price target of $91.13.

Insider Transactions at Johnson Controls International

In other Johnson Controls International news, CEO George Oliver sold 205,168 shares of the stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $89.07, for a total transaction of $18,274,313.76. Following the transaction, the chief executive officer now owns 1,260,527 shares in the company, valued at approximately $112,275,139.89. This represents a 14.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Daniel C. Mcconeghy sold 1,950 shares of the firm’s stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $87.73, for a total value of $171,073.50. Following the completion of the sale, the vice president now directly owns 24,803 shares in the company, valued at approximately $2,175,967.19. The trade was a 7.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,061,494 shares of company stock valued at $90,587,400 in the last ninety days. 0.54% of the stock is currently owned by corporate 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.