Stonegate Investment Group LLC Sells 2,810 Shares of Johnson Controls International plc (NYSE:JCI)

Stonegate Investment Group LLC lowered its position in Johnson Controls International plc (NYSE:JCI) by 8.7% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 29,490 shares of the company’s stock after selling 2,810 shares during the quarter. Stonegate Investment Group LLC’s holdings in Johnson Controls International were worth $1,926,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of JCI. UMB Bank n.a. raised its stake in Johnson Controls International by 5.2% during the 3rd quarter. UMB Bank n.a. now owns 5,853 shares of the company’s stock valued at $311,000 after purchasing an additional 289 shares during the period. Ballentine Partners LLC lifted its holdings in shares of Johnson Controls International by 12.4% in the third quarter. Ballentine Partners LLC now owns 10,310 shares of the company’s stock worth $549,000 after buying an additional 1,137 shares in the last quarter. U.S. Capital Wealth Advisors LLC boosted its position in shares of Johnson Controls International by 15.1% during the third quarter. U.S. Capital Wealth Advisors LLC now owns 5,026 shares of the company’s stock worth $267,000 after acquiring an additional 658 shares during the last quarter. Valeo Financial Advisors LLC grew its stake in Johnson Controls International by 50.6% during the third quarter. Valeo Financial Advisors LLC now owns 6,336 shares of the company’s stock valued at $337,000 after acquiring an additional 2,128 shares in the last quarter. Finally, Avestar Capital LLC grew its stake in Johnson Controls International by 3.9% during the third quarter. Avestar Capital LLC now owns 10,070 shares of the company’s stock valued at $536,000 after acquiring an additional 381 shares in the last quarter. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Johnson Controls International Trading Down 0.4 %

Shares of JCI traded down $0.26 during midday trading on Tuesday, hitting $65.05. The stock had a trading volume of 5,314,710 shares, compared to its average volume of 5,534,330. The stock’s 50 day moving average is $63.13 and its 200 day moving average is $57.11. The firm has a market cap of $44.33 billion, a PE ratio of 21.19, a price-to-earnings-growth ratio of 1.63 and a beta of 1.24. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.97 and a quick ratio of 0.73. Johnson Controls International plc has a 1 year low of $47.90 and a 1 year high of $70.43.

Johnson Controls International (NYSE:JCI) last issued its quarterly earnings results on Tuesday, January 30th. The company reported $0.51 EPS for the quarter, meeting the consensus estimate of $0.51. The company had revenue of $6.09 billion for the quarter, compared to the consensus estimate of $6.94 billion. Johnson Controls International had a net margin of 7.85% and a return on equity of 13.08%. The firm’s revenue was up .4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.67 EPS. As a group, analysts forecast that Johnson Controls International plc will post 3.61 EPS for the current fiscal 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 paid a dividend of $0.37 per share. The ex-dividend date of this dividend was Friday, March 22nd. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.28%. Johnson Controls International’s dividend payout ratio is 48.21%.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Royal Bank of Canada dropped their price objective on shares of Johnson Controls International from $50.00 to $48.00 and set an “underperform” rating for the company in a report on Wednesday, January 31st. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $60.00 price target (down from $65.00) on shares of Johnson Controls International in a research note on Wednesday, January 31st. HSBC downgraded Johnson Controls International from a “buy” rating to a “hold” rating and set a $60.00 price objective on the stock. in a research note on Wednesday, January 31st. Oppenheimer increased their target price on Johnson Controls International from $66.00 to $71.00 and gave the company an “outperform” rating in a research report on Thursday, April 18th. Finally, Citigroup raised their target price on shares of Johnson Controls International from $59.00 to $68.00 and gave the company a “neutral” rating in a report on Monday, April 8th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $64.50.

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.