44 Wealth Management LLC Trims Position in Johnson Controls International plc (NYSE:JCI)

44 Wealth Management LLC cut its holdings in shares of Johnson Controls International plc (NYSE:JCI) by 5.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 12,636 shares of the company’s stock after selling 785 shares during the quarter. 44 Wealth Management LLC’s holdings in Johnson Controls International were worth $997,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of JCI. Compass Financial Services Inc purchased a new position in Johnson Controls International during the 4th quarter worth approximately $26,000. Fortitude Family Office LLC raised its stake in shares of Johnson Controls International by 195.8% during the 3rd quarter. Fortitude Family Office LLC now owns 420 shares of the company’s stock valued at $33,000 after buying an additional 278 shares during the last quarter. Synergy Asset Management LLC purchased a new position in shares of Johnson Controls International during the 4th quarter valued at about $42,000. ST Germain D J Co. Inc. raised its stake in shares of Johnson Controls International by 32.8% during the 4th quarter. ST Germain D J Co. Inc. now owns 543 shares of the company’s stock valued at $43,000 after buying an additional 134 shares during the last quarter. Finally, Western Pacific Wealth Management LP purchased a new position in shares of Johnson Controls International during the 3rd quarter valued at about $44,000. 90.05% of the stock is owned by hedge funds and other institutional investors.

Johnson Controls International Price Performance

NYSE:JCI opened at $85.23 on Friday. Johnson Controls International plc has a 12 month low of $57.78 and a 12 month high of $91.14. The stock has a 50 day moving average of $82.06 and a two-hundred day moving average of $78.38. The company has a current ratio of 1.02, a quick ratio of 0.86 and a debt-to-equity ratio of 0.50. The firm has a market cap of $56.26 billion, a P/E ratio of 32.53, a price-to-earnings-growth ratio of 1.96 and a beta of 1.32.

Johnson Controls International (NYSE:JCI) last issued its earnings results on Wednesday, February 5th. The company reported $0.64 EPS for the quarter, beating 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%. On average, analysts expect that Johnson Controls International plc will post 3.64 earnings per share for the current fiscal year.

Johnson Controls International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Monday, December 23rd were given a $0.37 dividend. The ex-dividend date was Monday, December 23rd. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.74%. Johnson Controls International’s dividend payout ratio (DPR) is presently 56.49%.

Analysts Set New Price Targets

Several research firms have recently weighed in on JCI. StockNews.com lowered shares of Johnson Controls International from a “buy” rating to a “hold” rating in a report on Wednesday, November 20th. Melius Research reaffirmed a “hold” rating and set a $95.00 target price on shares of Johnson Controls International in a report on Tuesday, January 28th. Wells Fargo & Company lifted their target price 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. Argus raised shares of Johnson Controls International from a “hold” rating to a “buy” rating and set a $88.00 target price for the company in a report on Friday, December 20th. Finally, Robert W. Baird lifted their price target on Johnson Controls International from $80.00 to $85.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Eight equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $91.13.

Insider Activity

In related news, EVP Marlon Sullivan sold 7,230 shares of the company’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $83.35, for a total value of $602,620.50. Following the completion of the sale, the executive vice president now owns 32,246 shares of the company’s stock, valued at approximately $2,687,704.10. This represents a 18.31 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Nathan D. Manning sold 1,421 shares of the company’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $76.44, for a total transaction of $108,621.24. Following the completion of the sale, the vice president now directly owns 148,346 shares of the company’s stock, valued at $11,339,568.24. This represents a 0.95 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 719,004 shares of company stock worth $62,950,067 over the last ninety days. Corporate insiders own 0.54% of the company’s stock.

Johnson Controls International 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.