Parallel Advisors LLC Sells 362 Shares of Johnson Controls International plc (NYSE:JCI)

Parallel Advisors LLC decreased its holdings in Johnson Controls International plc (NYSE:JCIFree Report) by 6.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,135 shares of the company’s stock after selling 362 shares during the quarter. Parallel Advisors LLC’s holdings in Johnson Controls International were worth $296,000 at the end of the most recent quarter.

Other hedge funds have also 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 bought a new position in Johnson Controls International during the 4th quarter valued at $27,000. NBC Securities Inc. bought a new position in Johnson Controls International during the 3rd quarter valued at $26,000. Hexagon Capital Partners LLC boosted its holdings in Johnson Controls International by 114.0% during the 4th quarter. Hexagon Capital Partners LLC now owns 503 shares of the company’s stock worth $29,000 after acquiring an additional 268 shares during the last quarter. Finally, Headinvest LLC bought a new stake in shares of Johnson Controls International in the 3rd quarter worth $30,000. Institutional investors and hedge funds own 90.05% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on JCI. Mizuho downgraded 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. UBS Group downgraded Johnson Controls International from a “buy” rating to a “neutral” rating and decreased their price target for the company from $74.00 to $68.00 in a research report on Monday, May 6th. Barclays cut their price objective on Johnson Controls International from $61.00 to $59.00 and set an “equal weight” rating on the stock in a research report on Thursday, May 2nd. Citigroup raised their target price on Johnson Controls International from $59.00 to $68.00 and gave the company a “neutral” rating in a research report on Monday, April 8th. Finally, Oppenheimer cut their price target on shares of Johnson Controls International from $71.00 to $70.00 and set an “outperform” rating on the stock in a report on Thursday, May 2nd. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $63.00.

Get Our Latest Analysis on JCI

Insiders Place Their Bets

In other news, Director Juergen Tinggren sold 4,000 shares of the firm’s stock in a transaction that occurred on 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 in the company, valued at $1,876,777.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, VP Daniel C. Mcconeghy sold 9,342 shares of the company’s stock in a transaction dated Friday, May 10th. The shares were 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 of the company’s stock, valued at $1,662,259. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Juergen Tinggren sold 4,000 shares of the business’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 in the company, valued at approximately $1,876,777.20. The disclosure for this sale can be found here. Insiders have sold 17,272 shares of company stock valued at $1,108,229 in the last ninety days. Company insiders own 0.69% of the company’s stock.

Johnson Controls International Trading Up 0.5 %

JCI stock opened at $71.91 on Friday. The company has a market capitalization of $48.44 billion, a PE ratio of 29.11, a price-to-earnings-growth ratio of 1.85 and a beta of 1.23. Johnson Controls International plc has a one year low of $47.90 and a one year high of $74.23. The company’s 50 day moving average price is $66.42 and its two-hundred day moving average price is $59.98. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.65 and a current ratio of 0.87.

Johnson Controls International (NYSE:JCIGet Free Report) last released its earnings results on Wednesday, May 1st. The company reported $0.78 EPS for the quarter, beating 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 company had revenue of $6.70 billion for the quarter, compared to analyst estimates of $7.51 billion. During the same quarter last year, the firm earned $0.75 EPS. The firm’s quarterly revenue was down 6.1% compared to the same quarter last year. As a group, analysts predict that Johnson Controls International plc will post 3.59 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, April 19th. Shareholders of record on Monday, March 25th were paid a $0.37 dividend. The ex-dividend date was Friday, March 22nd. This represents a $1.48 dividend on an annualized basis and a yield of 2.06%. Johnson Controls International’s dividend payout ratio (DPR) is currently 59.92%.

About Johnson Controls International

(Free Report)

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.

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Institutional Ownership by Quarter for Johnson Controls International (NYSE:JCI)

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