Park Avenue Securities LLC Has $1.05 Million Position in Johnson Controls International plc (NYSE:JCI)

Park Avenue Securities LLC increased its position in shares of Johnson Controls International plc (NYSE:JCI) by 2.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 16,043 shares of the company’s stock after acquiring an additional 343 shares during the period. Park Avenue Securities LLC’s holdings in Johnson Controls International were worth $1,048,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in JCI. Turtle Creek Wealth Advisors LLC bought a new position in shares of Johnson Controls International in the fourth quarter worth about $25,000. Rise Advisors LLC acquired a new stake in Johnson Controls International in the first quarter valued at approximately $25,000. EdgeRock Capital LLC bought a new stake in shares of Johnson Controls International during the fourth quarter worth $27,000. Hexagon Capital Partners LLC increased its holdings in shares of Johnson Controls International by 114.0% during the fourth quarter. Hexagon Capital Partners LLC now owns 503 shares of the company’s stock worth $29,000 after buying an additional 268 shares in the last quarter. Finally, Headinvest LLC bought a new position in shares of Johnson Controls International in the 3rd quarter valued at $30,000. 90.05% of the stock is owned by institutional investors.

Johnson Controls International Stock Down 1.7 %

Shares of NYSE:JCI opened at $67.62 on Wednesday. Johnson Controls International plc has a 1 year low of $47.90 and a 1 year high of $74.23. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.87 and a quick ratio of 0.65. The business’s 50-day moving average is $68.08 and its 200-day moving average is $62.01. The company has a market capitalization of $45.55 billion, a price-to-earnings ratio of 27.38, a P/E/G ratio of 1.75 and a beta of 1.29.

Johnson Controls International (NYSE:JCI) last issued its earnings results on Wednesday, May 1st. The company reported $0.78 earnings per share for the quarter, topping analysts’ consensus estimates of $0.75 by $0.03. The business had revenue of $6.70 billion during the quarter, compared to the consensus estimate of $7.51 billion. Johnson Controls International had a return on equity of 13.21% and a net margin of 6.32%. The firm’s revenue for the quarter was down 6.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.75 earnings per share. Equities research analysts predict that Johnson Controls International plc will post 3.59 earnings per share for the current year.

Johnson Controls International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 19th. Shareholders of record on Monday, June 24th will be issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 2.19%. The ex-dividend date of this dividend is Monday, June 24th. Johnson Controls International’s payout ratio is 59.92%.

Insiders Place Their Bets

In other 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 $6,719,168.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, VP Daniel C. Mcconeghy sold 9,342 shares of Johnson Controls International stock in a transaction on Friday, May 10th. The shares were sold at an average price of $65.50, for a total value of $611,901.00. Following the completion of the sale, the vice president now owns 25,378 shares of the company’s stock, valued at approximately $1,662,259. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, COO Nathan D. Manning sold 3,000 shares of the company’s stock in a transaction 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 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 ninety days, insiders sold 16,900 shares of company stock worth $1,085,145. 0.69% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on JCI. Barclays boosted their price objective on Johnson Controls International from $59.00 to $62.00 and gave the stock an “equal weight” rating in a research report on Friday, June 21st. UBS Group downgraded Johnson Controls International from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $74.00 to $68.00 in a research note on Monday, May 6th. Citigroup boosted their target price on shares of Johnson Controls International from $59.00 to $68.00 and gave the stock a “neutral” rating in a report on Monday, April 8th. Wells Fargo & Company upped their price target on shares of Johnson Controls International from $64.00 to $73.00 and gave the company an “overweight” rating in a research report on Tuesday, April 2nd. 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 equities research analyst has rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $63.27.

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.