Kingsview Wealth Management LLC Sells 461 Shares of Johnson Controls International plc (NYSE:JCI)

Kingsview Wealth Management LLC cut its stake in shares of Johnson Controls International plc (NYSE:JCI) by 9.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,263 shares of the company’s stock after selling 461 shares during the quarter. Kingsview Wealth Management LLC’s holdings in Johnson Controls International were worth $246,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Fisher Asset Management LLC lifted its holdings in shares of Johnson Controls International by 4.8% during the 4th quarter. Fisher Asset Management LLC now owns 13,528,240 shares of the company’s stock worth $779,768,000 after acquiring an additional 618,120 shares during the last quarter. Invesco Ltd. raised its position in Johnson Controls International by 4.7% during the third quarter. Invesco Ltd. now owns 13,063,227 shares of the company’s stock valued at $695,094,000 after purchasing an additional 588,724 shares in the last quarter. Northern Trust Corp lifted its stake in Johnson Controls International by 6.2% during the third quarter. Northern Trust Corp now owns 7,065,473 shares of the company’s stock worth $375,954,000 after purchasing an additional 415,056 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Johnson Controls International by 20.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,103,672 shares of the company’s stock worth $294,179,000 after buying an additional 853,783 shares in the last quarter. Finally, abrdn plc boosted its stake in Johnson Controls International by 1.7% in the third quarter. abrdn plc now owns 4,638,378 shares of the company’s stock worth $246,808,000 after buying an additional 79,543 shares in the last quarter. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on JCI. Wells Fargo & Company boosted their price objective on shares of Johnson Controls International from $64.00 to $73.00 and gave the stock an “overweight” rating in a report on Tuesday, April 2nd. Royal Bank of Canada cut their price target on shares of Johnson Controls International from $50.00 to $48.00 and set an “underperform” rating for the company in a research report on Wednesday, January 31st. Mizuho downgraded Johnson Controls International from a “buy” rating to a “neutral” rating and set a $62.00 price objective on the stock. in a report on Friday, February 23rd. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $60.00 price target (down from $65.00) on shares of Johnson Controls International in a research report on Wednesday, January 31st. Finally, Argus downgraded Johnson Controls International from a “buy” rating to a “hold” rating in a research report on Tuesday, February 20th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $63.00.

Johnson Controls International Stock Up 0.5 %

JCI stock opened at $73.19 on Thursday. The company has a market capitalization of $49.31 billion, a price-to-earnings ratio of 29.63, a price-to-earnings-growth ratio of 1.87 and a beta of 1.23. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.65 and a current ratio of 0.87. The business’s 50 day moving average price is $65.17 and its two-hundred day moving average price is $58.92. Johnson Controls International plc has a fifty-two week low of $47.90 and a fifty-two week high of $73.28.

Johnson Controls International (NYSE:JCI) last posted its quarterly earnings data on Wednesday, May 1st. The company reported $0.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.75 by $0.03. Johnson Controls International had a return on equity of 13.21% and a net margin of 6.32%. The business had revenue of $6.70 billion during the quarter, compared to the consensus estimate of $7.51 billion. During the same quarter in the prior year, the company earned $0.75 earnings per share. The firm’s quarterly revenue 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 earnings per share for the current fiscal year.

Johnson Controls International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 19th. Investors of record on Monday, March 25th were paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 2.02%. The ex-dividend date was Friday, March 22nd. Johnson Controls International’s payout ratio is currently 59.92%.

Insiders Place Their Bets

In other news, COO Nathan D. Manning sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $62.86, for a total value of $188,580.00. Following the sale, the chief operating officer now directly owns 106,891 shares of the company’s stock, valued at approximately $6,719,168.26. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, VP Daniel C. Mcconeghy sold 9,342 shares of the firm’s stock in a transaction on Friday, May 10th. The stock was sold at an average price of $65.50, for a total transaction of $611,901.00. Following the completion of the transaction, the vice president now directly owns 25,378 shares in the company, valued at $1,662,259. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Nathan D. Manning sold 3,000 shares of the company’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $62.86, for a total transaction of $188,580.00. Following the completion of the transaction, the chief operating officer now owns 106,891 shares in the company, valued at approximately $6,719,168.26. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 17,272 shares of company stock worth $1,108,229. 0.69% of the stock is currently owned by company 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.