Johnson Controls International plc (NYSE:JCI) Shares Sold by Daymark Wealth Partners LLC

Daymark Wealth Partners LLC trimmed its stake in Johnson Controls International plc (NYSE:JCI) by 5.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,759 shares of the company’s stock after selling 977 shares during the period. Daymark Wealth Partners LLC’s holdings in Johnson Controls International were worth $1,247,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Gilbert & Cook Inc. increased its position in Johnson Controls International by 4.9% during the fourth quarter. Gilbert & Cook Inc. now owns 7,115 shares of the company’s stock worth $410,000 after buying an additional 334 shares during the period. Cambridge Investment Research Advisors Inc. increased its holdings in shares of Johnson Controls International by 27.6% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 79,840 shares of the company’s stock valued at $4,602,000 after acquiring an additional 17,263 shares during the period. Orion Portfolio Solutions LLC raised its position in Johnson Controls International by 4.7% in the 4th quarter. Orion Portfolio Solutions LLC now owns 23,474 shares of the company’s stock valued at $1,343,000 after purchasing an additional 1,056 shares during the last quarter. TD Asset Management Inc boosted its stake in Johnson Controls International by 175.6% during the 4th quarter. TD Asset Management Inc now owns 677,032 shares of the company’s stock worth $39,024,000 after purchasing an additional 431,368 shares during the period. Finally, Stifel Financial Corp boosted its stake in Johnson Controls International by 2.6% during the 4th quarter. Stifel Financial Corp now owns 316,026 shares of the company’s stock worth $18,216,000 after purchasing an additional 7,864 shares during the period. 90.05% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Johnson Controls International

In other news, COO Nathan D. Manning sold 1,167 shares of Johnson Controls International stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $72.75, for a total transaction of $84,899.25. Following the completion of the sale, the chief operating officer now directly owns 143,488 shares in the company, valued at $10,438,752. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CEO George Oliver sold 110,615 shares of the company’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $72.67, for a total value of $8,038,392.05. Following the completion of the transaction, the chief executive officer now directly owns 1,243,751 shares in the company, valued at $90,383,385.17. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Nathan D. Manning sold 1,167 shares of the stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $72.75, for a total value of $84,899.25. Following the transaction, the chief operating officer now owns 143,488 shares in the company, valued at $10,438,752. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 115,046 shares of company stock worth $8,347,562. Corporate insiders own 0.69% of the company’s stock.

Johnson Controls International Stock Up 0.9 %

JCI stock opened at $76.55 on Friday. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.96 and a quick ratio of 0.73. The company’s 50 day simple moving average is $70.25 and its 200-day simple moving average is $68.09. Johnson Controls International plc has a 12 month low of $47.90 and a 12 month high of $76.93. The firm has a market capitalization of $51.14 billion, a PE ratio of 30.99, a P/E/G ratio of 1.99 and a beta of 1.29.

Johnson Controls International (NYSE:JCI) last released its quarterly earnings results on Wednesday, July 31st. The company reported $1.14 earnings per share for the quarter, topping the consensus estimate of $1.08 by $0.06. Johnson Controls International had a return on equity of 13.64% and a net margin of 6.02%. The company had revenue of $7.23 billion during the quarter, compared to the consensus estimate of $7.53 billion. During the same quarter last year, the business posted $1.03 earnings per share. Johnson Controls International’s revenue was up 1.4% compared to the same quarter last year. Equities analysts expect that Johnson Controls International plc will post 3.67 earnings per share for the current fiscal year.

Johnson Controls International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 18th. Investors of record on Wednesday, September 25th will be paid a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 1.93%. The ex-dividend date of this dividend is Wednesday, September 25th. Johnson Controls International’s payout ratio is 59.92%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Bank of America raised shares of Johnson Controls International from a “neutral” rating to a “buy” rating and upped their target price for the company from $76.00 to $80.00 in a report on Tuesday, September 10th. The Goldman Sachs Group upped their price objective on Johnson Controls International from $73.00 to $81.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. StockNews.com upgraded Johnson Controls International from a “hold” rating to a “buy” rating in a research note on Friday, August 2nd. Oppenheimer upped their price target on Johnson Controls International from $70.00 to $76.00 and gave the stock an “outperform” rating in a research note on Thursday, June 27th. Finally, Royal Bank of Canada raised Johnson Controls International from an “underperform” rating to a “sector perform” rating and increased their price target for the stock from $61.00 to $69.00 in a report on Wednesday, August 14th. Eleven research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, Johnson Controls International currently has a consensus rating of “Hold” and a consensus target price of $70.21.

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.