Wrapmanager Inc. Sells 231 Shares of Johnson Controls International plc (NYSE:JCI)

Wrapmanager Inc. trimmed its stake in Johnson Controls International plc (NYSE:JCI) by 2.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 8,794 shares of the company’s stock after selling 231 shares during the period. Wrapmanager Inc.’s holdings in Johnson Controls International were worth $507,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Turtle Creek Wealth Advisors LLC bought a new position in shares of Johnson Controls International in the fourth quarter valued at approximately $25,000. EdgeRock Capital LLC acquired a new position in Johnson Controls International during the 4th quarter worth $27,000. NBC Securities Inc. acquired a new position in Johnson Controls International during the 3rd quarter worth $26,000. Hexagon Capital Partners LLC boosted its holdings in Johnson Controls International by 114.0% during 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 period. Finally, Headinvest LLC acquired a new stake in shares of Johnson Controls International in the third quarter valued at about $30,000. 90.05% of the stock is currently owned by institutional investors and hedge funds.

Johnson Controls International Price Performance

Shares of JCI traded up $0.49 during trading hours on Thursday, hitting $65.73. The stock had a trading volume of 4,620,391 shares, compared to its average volume of 5,679,276. Johnson Controls International plc has a 52 week low of $47.90 and a 52 week high of $70.43. The stock has a market capitalization of $44.28 billion, a price-to-earnings ratio of 26.61, a P/E/G ratio of 1.59 and a beta of 1.23. The company’s fifty day moving average is $63.62 and its two-hundred day moving average is $57.56. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.87 and a quick ratio of 0.65.

Johnson Controls International (NYSE:JCI) last issued its quarterly earnings data on Wednesday, May 1st. The company reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.75 by $0.03. Johnson Controls International had a net margin of 6.32% and a return on equity of 13.21%. The firm had revenue of $6.70 billion for the quarter, compared to analysts’ expectations of $7.51 billion. During the same period in the prior year, the firm earned $0.75 earnings per share. The company’s quarterly revenue was down 6.1% compared to the same quarter last year. On average, analysts anticipate that Johnson Controls International plc will post 3.61 EPS for the current year.

Johnson Controls International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 19th. Stockholders of record on Monday, March 25th were issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 2.25%. The ex-dividend date was Friday, March 22nd. Johnson Controls International’s payout ratio is presently 59.92%.

Insider Activity

In related news, COO Nathan D. Manning sold 3,000 shares of the company’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $62.86, for a total transaction of $188,580.00. Following the transaction, the chief operating officer now owns 106,891 shares in the company, valued at approximately $6,719,168.26. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, Director Juergen Tinggren sold 4,000 shares of the firm’s stock in a transaction dated 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 can be accessed through the SEC website. Also, COO Nathan D. Manning sold 3,000 shares of Johnson Controls International stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $62.86, for a total transaction of $188,580.00. Following the sale, the chief operating officer now owns 106,891 shares of the company’s stock, valued at approximately $6,719,168.26. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 7,930 shares of company stock worth $496,328. 0.69% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on JCI. Argus downgraded Johnson Controls International from a “buy” rating to a “hold” rating in a research note on Tuesday, February 20th. Royal Bank of Canada lowered their price objective on shares of Johnson Controls International from $50.00 to $48.00 and set an “underperform” rating on the stock in a research note on Wednesday, January 31st. Oppenheimer reduced their price target on shares of Johnson Controls International from $71.00 to $70.00 and set an “outperform” rating for the company in a report on Thursday, May 2nd. Melius Research restated a “hold” rating on shares of Johnson Controls International in a research report on Tuesday, January 30th. Finally, Mizuho lowered shares of Johnson Controls International from a “buy” rating to a “neutral” rating and set a $62.00 price objective for the company. in a research report on Friday, February 23rd. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $63.00.

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.