SeaCrest Wealth Management LLC Cuts Holdings in Johnson Controls International plc (NYSE:JCI)

SeaCrest Wealth Management LLC cut its position in shares of Johnson Controls International plc (NYSE:JCI) by 20.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,430 shares of the company’s stock after selling 1,139 shares during the quarter. SeaCrest Wealth Management LLC’s holdings in Johnson Controls International were worth $289,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Turtle Creek Wealth Advisors LLC purchased a new position in Johnson Controls International in the fourth quarter valued at about $25,000. Rise Advisors LLC purchased a new position in Johnson Controls International in the first quarter valued at about $25,000. EdgeRock Capital LLC purchased a new position in Johnson Controls International in the fourth quarter valued at about $27,000. Hexagon Capital Partners LLC boosted its stake in Johnson Controls International by 114.0% in the fourth quarter. Hexagon Capital Partners LLC now owns 503 shares of the company’s stock valued at $29,000 after acquiring an additional 268 shares during the last quarter. Finally, Headinvest LLC purchased a new position in Johnson Controls International in the third quarter valued at about $30,000. 90.05% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Johnson Controls International

In other news, Director Juergen Tinggren sold 4,000 shares of the stock in a transaction 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 transaction, the director now owns 30,120 shares of the company’s stock, valued at approximately $1,876,777.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, COO Nathan D. Manning sold 1,167 shares of the stock in a transaction on Monday, July 1st. The shares were sold at an average price of $66.01, for a total value of $77,033.67. Following the transaction, the chief operating officer now owns 104,556 shares of the company’s stock, valued at approximately $6,901,741.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Juergen Tinggren sold 4,000 shares of the stock in a transaction 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 completion of the transaction, the director now directly owns 30,120 shares in the company, valued at approximately $1,876,777.20. The disclosure for this sale can be found here. Insiders have sold 18,067 shares of company stock valued at $1,162,299 in the last quarter. Insiders own 0.69% of the company’s stock.

Analyst Upgrades and Downgrades

JCI has been the topic of a number of research analyst reports. Wells Fargo & Company boosted their target price on shares of Johnson Controls International from $64.00 to $73.00 and gave the company an “overweight” rating in a research note on Tuesday, April 2nd. UBS Group cut shares of Johnson Controls International from a “buy” rating to a “neutral” rating and dropped their target price for the company from $74.00 to $68.00 in a research note on Monday, May 6th. Citigroup upped their price target on shares of Johnson Controls International from $59.00 to $68.00 and gave the company a “neutral” rating in a research note on Monday, April 8th. Oppenheimer upped their price target on shares of Johnson Controls International from $70.00 to $76.00 and gave the company an “outperform” rating in a research note on Thursday, June 27th. Finally, 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. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $63.82.

Johnson Controls International Stock Performance

Johnson Controls International stock opened at $66.85 on Thursday. The firm’s 50 day simple moving average is $68.28 and its 200 day simple moving average is $62.45. The company has a current ratio of 0.87, a quick ratio of 0.65 and a debt-to-equity ratio of 0.44. The firm has a market capitalization of $45.04 billion, a PE ratio of 27.06, a price-to-earnings-growth ratio of 1.73 and a beta of 1.28. Johnson Controls International plc has a 1-year low of $47.90 and a 1-year high of $74.23.

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

Johnson Controls International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 19th. Stockholders of record on Monday, June 24th will be issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.21%. The ex-dividend date of this dividend is Monday, June 24th. Johnson Controls International’s payout ratio is 59.92%.

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.