Park Place Capital Corp Sells 157 Shares of Johnson Controls International plc (NYSE:JCI)

Park Place Capital Corp reduced its stake in Johnson Controls International plc (NYSE:JCI) by 11.0% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,272 shares of the company’s stock after selling 157 shares during the period. Park Place Capital Corp’s holdings in Johnson Controls International were worth $83,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Turtle Creek Wealth Advisors LLC bought a new stake in shares of Johnson Controls International in the 4th quarter worth about $25,000. Rise Advisors LLC purchased a new stake in Johnson Controls International in the 1st quarter valued at about $25,000. EdgeRock Capital LLC purchased a new stake in Johnson Controls International in the 4th quarter valued at about $27,000. Hexagon Capital Partners LLC boosted its position in Johnson Controls International by 114.0% in the 4th quarter. Hexagon Capital Partners LLC now owns 503 shares of the company’s stock valued at $29,000 after buying an additional 268 shares during the period. Finally, Headinvest LLC purchased a new stake in shares of Johnson Controls International in the 3rd quarter worth approximately $30,000. 90.05% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. UBS Group cut shares of Johnson Controls International from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $74.00 to $68.00 in a research report on Monday, May 6th. Barclays upped their price target on shares of Johnson Controls International from $59.00 to $62.00 and gave the company an “equal weight” rating in a research note on Friday, June 21st. Wells Fargo & Company increased their price objective on shares of Johnson Controls International from $64.00 to $73.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 2nd. Oppenheimer increased their price target on shares of Johnson Controls International from $70.00 to $76.00 and gave the stock an “outperform” rating in a report on Thursday, June 27th. Finally, Citigroup raised their price target on shares of Johnson Controls International from $59.00 to $68.00 and gave the stock a “neutral” rating in a research note on Monday, April 8th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat, Johnson Controls International presently has a consensus rating of “Hold” and an average price target of $63.82.

Johnson Controls International Price Performance

Shares of JCI opened at $65.52 on Tuesday. The firm has a 50-day simple moving average of $68.24 and a two-hundred day simple moving average of $62.27. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.87 and a quick ratio of 0.65. Johnson Controls International plc has a 1-year low of $47.90 and a 1-year high of $74.23. The stock has a market cap of $44.14 billion, a PE ratio of 26.53, a P/E/G ratio of 1.73 and a beta of 1.28.

Johnson Controls International (NYSE:JCI) last posted its quarterly earnings data on Wednesday, May 1st. The company reported $0.78 EPS for the quarter, beating the consensus estimate of $0.75 by $0.03. Johnson Controls International had a net margin of 6.32% and a return on equity of 13.21%. The business had revenue of $6.70 billion during the quarter, compared to analyst estimates of $7.51 billion. During the same quarter last year, the firm posted $0.75 earnings per share. The business’s revenue for the quarter was down 6.1% compared to the same quarter last year. As a group, analysts forecast that Johnson Controls International plc will post 3.59 EPS for the current year.

Johnson Controls International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 19th. Investors of record on Monday, June 24th will be paid a $0.37 dividend. The ex-dividend date of this dividend is Monday, June 24th. This represents a $1.48 dividend on an annualized basis and a yield of 2.26%. Johnson Controls International’s dividend payout ratio is currently 59.92%.

Insider Buying and Selling

In related news, Director Juergen Tinggren sold 4,000 shares of Johnson Controls International stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $62.31, for a total value of $249,240.00. Following the completion of the transaction, the director now owns 30,120 shares in the company, valued at $1,876,777.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, VP Daniel C. Mcconeghy sold 9,342 shares of the business’s stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $65.50, for a total transaction of $611,901.00. Following the completion of the sale, the vice president now owns 25,378 shares in the company, valued at approximately $1,662,259. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Juergen Tinggren sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $62.31, for a total transaction of $249,240.00. Following the sale, the director now owns 30,120 shares of the company’s stock, valued at approximately $1,876,777.20. The disclosure for this sale can be found here. Insiders sold 16,900 shares of company stock worth $1,085,145 over the last 90 days. 0.69% of the stock is owned by insiders.

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.