Synergy Asset Management LLC Has $2.92 Million Position in Johnson Controls International plc (NYSE:JCI)

Synergy Asset Management LLC trimmed its stake in shares of Johnson Controls International plc (NYSE:JCI) by 53.5% in the first quarter, HoldingsChannel.com reports. The fund owned 44,749 shares of the company’s stock after selling 51,449 shares during the quarter. Synergy Asset Management LLC’s holdings in Johnson Controls International were worth $2,923,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of JCI. Rise Advisors LLC bought a new stake in Johnson Controls International during the 1st quarter valued at $25,000. Turtle Creek Wealth Advisors LLC purchased a new position in shares of Johnson Controls International during the fourth quarter worth approximately $25,000. EdgeRock Capital LLC bought a new position in Johnson Controls International during the 4th quarter valued at approximately $27,000. Hexagon Capital Partners LLC raised its holdings in Johnson Controls International by 114.0% in the fourth quarter. Hexagon Capital Partners LLC now owns 503 shares of the company’s stock worth $29,000 after purchasing an additional 268 shares in the last quarter. Finally, Headinvest LLC purchased a new stake in Johnson Controls International in the third quarter worth about $30,000. Institutional investors and hedge funds own 90.05% of the company’s stock.

Insider Activity at Johnson Controls International

In other news, VP Daniel C. Mcconeghy sold 9,342 shares of the stock in a transaction that occurred 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 of the company’s stock, valued at approximately $1,662,259. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other Johnson Controls International news, Director Juergen Tinggren sold 4,000 shares of the business’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $62.31, for a total value of $249,240.00. Following the completion of the transaction, the director now directly owns 30,120 shares in the company, valued at approximately $1,876,777.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Daniel C. Mcconeghy sold 9,342 shares of the company’s stock in a transaction that occurred 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 transaction, the vice president now directly owns 25,378 shares of the company’s stock, valued at approximately $1,662,259. The disclosure for this sale can be found here. Insiders have sold a total of 16,900 shares of company stock worth $1,085,145 in the last three months. Insiders own 0.69% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Citigroup boosted their price target on Johnson Controls International from $59.00 to $68.00 and gave the company a “neutral” rating in a research note on Monday, April 8th. UBS Group downgraded Johnson Controls International from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $74.00 to $68.00 in a research report on Monday, May 6th. 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 research note on Tuesday, April 2nd. Oppenheimer boosted their price target on Johnson Controls International from $70.00 to $76.00 and gave the stock an “outperform” rating in a research note on Thursday, June 27th. Finally, Barclays raised their price objective on shares of Johnson Controls International from $59.00 to $62.00 and gave the stock an “equal weight” rating in a research note on Friday, June 21st. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $63.82.

Johnson Controls International Stock Up 1.4 %

Shares of JCI stock traded up $0.89 during trading hours on Tuesday, reaching $66.41. 1,382,803 shares of the stock were exchanged, compared to its average volume of 5,497,308. Johnson Controls International plc has a 12-month low of $47.90 and a 12-month high of $74.23. The business’s fifty day moving average is $68.24 and its two-hundred day moving average is $62.27. 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 firm has a market capitalization of $44.74 billion, a P/E ratio of 26.53, a P/E/G ratio of 1.73 and a beta of 1.28.

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

Johnson Controls International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, July 19th. Shareholders of record on Monday, June 24th will be paid a $0.37 dividend. The ex-dividend date is Monday, June 24th. This represents a $1.48 annualized dividend and a dividend yield of 2.23%. Johnson Controls International’s dividend payout ratio (DPR) is currently 59.92%.

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.