Red Spruce Capital LLC Sells 1,633 Shares of Johnson Controls International plc (NYSE:JCI)

Red Spruce Capital LLC decreased its holdings in shares of Johnson Controls International plc (NYSE:JCI) by 5.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,149 shares of the company’s stock after selling 1,633 shares during the period. Red Spruce Capital LLC’s holdings in Johnson Controls International were worth $2,340,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Cullen Investment Group LTD. raised its stake in shares of Johnson Controls International by 1.5% in the third quarter. Cullen Investment Group LTD. now owns 80,677 shares of the company’s stock worth $6,261,000 after buying an additional 1,197 shares during the period. Central Valley Advisors LLC bought a new stake in Johnson Controls International during the 3rd quarter worth approximately $389,000. Czech National Bank lifted its holdings in Johnson Controls International by 6.0% during the third quarter. Czech National Bank now owns 136,081 shares of the company’s stock valued at $10,561,000 after purchasing an additional 7,723 shares in the last quarter. Central Pacific Bank Trust Division boosted its position in shares of Johnson Controls International by 0.6% in the third quarter. Central Pacific Bank Trust Division now owns 32,034 shares of the company’s stock worth $2,486,000 after purchasing an additional 200 shares during the period. Finally, Massmutual Trust Co. FSB ADV increased its stake in shares of Johnson Controls International by 41.6% in the third quarter. Massmutual Trust Co. FSB ADV now owns 2,640 shares of the company’s stock worth $205,000 after purchasing an additional 776 shares in the last quarter. 90.05% of the stock is currently owned by hedge funds and other institutional investors.

Johnson Controls International Price Performance

JCI stock traded up $0.19 during trading on Friday, hitting $75.68. 2,436,050 shares of the company’s stock traded hands, compared to its average volume of 5,141,395. Johnson Controls International plc has a 52 week low of $47.90 and a 52 week high of $78.23. The stock has a market capitalization of $50.55 billion, a price-to-earnings ratio of 30.64, a P/E/G ratio of 1.87 and a beta of 1.29. The business has a fifty day simple moving average of $71.35 and a 200 day simple moving average of $68.77. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.73 and a current ratio of 0.96.

Johnson Controls International (NYSE:JCI) last announced its earnings results on Wednesday, July 31st. The company reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.08 by $0.06. The firm had revenue of $7.23 billion for the quarter, compared to analysts’ expectations of $7.53 billion. Johnson Controls International had a net margin of 6.02% and a return on equity of 13.64%. The business’s revenue was up 1.4% compared to the same quarter last year. During the same period in the prior year, the company earned $1.03 EPS. As a group, research analysts expect that Johnson Controls International plc will post 3.68 EPS for the current fiscal year.

Johnson Controls International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 18th. Stockholders of record on Wednesday, September 25th will be issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.96%. The ex-dividend date of this dividend is Wednesday, September 25th. Johnson Controls International’s dividend payout ratio (DPR) is 59.92%.

Insider Activity

In related news, COO Nathan D. Manning sold 3,000 shares of the firm’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $77.08, for a total value of $231,240.00. Following the completion of the sale, the chief operating officer now directly owns 140,488 shares in the company, valued at $10,828,815.04. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, COO Nathan D. Manning sold 1,167 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $72.75, for a total transaction of $84,899.25. Following the transaction, the chief operating officer now owns 143,488 shares of the company’s stock, valued at approximately $10,438,752. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO Nathan D. Manning sold 3,000 shares of the stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $77.08, for a total value of $231,240.00. Following the completion of the sale, the chief operating officer now owns 140,488 shares in the company, valued at approximately $10,828,815.04. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 116,879 shares of company stock valued at $8,503,656. 0.69% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on JCI shares. Bank of America upped their target price on shares of Johnson Controls International from $80.00 to $95.00 and gave the stock a “buy” rating in a report on Friday, September 27th. Morgan Stanley started coverage on Johnson Controls International in a research note on Friday, September 6th. They issued an “overweight” rating and a $85.00 price objective for the company. StockNews.com raised Johnson Controls International from a “hold” rating to a “buy” rating in a research note on Friday, August 2nd. Wells Fargo & Company boosted their price target on Johnson Controls International from $75.00 to $80.00 and gave the stock an “overweight” rating in a report on Thursday, August 1st. Finally, Robert W. Baird lifted their price objective on shares of Johnson Controls International from $72.00 to $78.00 and gave the company a “neutral” rating in a research report on Thursday, August 1st. Eleven analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $72.21.

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.