Boothbay Fund Management LLC Sells 64,025 Shares of Johnson Controls International plc (NYSE:JCI)

Boothbay Fund Management LLC lessened its holdings in shares of Johnson Controls International plc (NYSE:JCI - Free Report) by 42.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 87,276 shares of the company's stock after selling 64,025 shares during the quarter. Boothbay Fund Management LLC's holdings in Johnson Controls International were worth $6,889,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Park Avenue Securities LLC raised its stake in shares of Johnson Controls International by 101.5% in the 4th quarter. Park Avenue Securities LLC now owns 26,517 shares of the company's stock valued at $2,093,000 after acquiring an additional 13,360 shares during the period. Certuity LLC acquired a new position in shares of Johnson Controls International during the fourth quarter worth about $243,000. BNC Wealth Management LLC acquired a new position in shares of Johnson Controls International during the fourth quarter worth about $2,093,000. Seros Financial LLC purchased a new stake in shares of Johnson Controls International in the fourth quarter worth about $561,000. Finally, Czech National Bank raised its holdings in shares of Johnson Controls International by 6.4% during the 4th quarter. Czech National Bank now owns 144,839 shares of the company's stock valued at $11,432,000 after buying an additional 8,758 shares during the period. Institutional investors and hedge funds own 90.05% of the company's stock.

Insider Activity

In other Johnson Controls International news, VP Nathan D. Manning sold 1,421 shares of the stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $76.44, for a total transaction of $108,621.24. Following the transaction, the vice president now owns 148,346 shares in the company, valued at $11,339,568.24. This trade represents a 0.95 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO George Oliver sold 205,168 shares of the stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $88.03, for a total value of $18,060,939.04. Following the sale, the chief executive officer now owns 1,260,527 shares of the company's stock, valued at approximately $110,964,191.81. The trade was a 14.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 907,286 shares of company stock worth $77,938,071 in the last 90 days. Company insiders own 0.54% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Citigroup dropped their price objective on shares of Johnson Controls International from $95.00 to $85.00 and set a "neutral" rating on the stock in a research note on Monday, April 14th. Melius downgraded Johnson Controls International from a "buy" rating to a "hold" rating and set a $95.00 target price for the company. in a research note on Tuesday, January 28th. Melius Research reiterated a "hold" rating and issued a $95.00 price target on shares of Johnson Controls International in a research note on Tuesday, January 28th. Barclays dropped their price objective on Johnson Controls International from $88.00 to $85.00 and set an "equal weight" rating on the stock in a report on Monday, March 10th. Finally, UBS Group upgraded Johnson Controls International from a "neutral" rating to a "buy" rating and increased their target price for the company from $90.00 to $103.00 in a research note on Monday, February 10th. Eight analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $90.07.

Johnson Controls International Stock Performance

NYSE JCI traded up $1.59 on Friday, hitting $88.84. The stock had a trading volume of 2,665,199 shares, compared to its average volume of 4,395,106. The company's 50-day moving average is $79.87 and its two-hundred day moving average is $81.03. Johnson Controls International plc has a one year low of $60.04 and a one year high of $91.14. The stock has a market cap of $58.65 billion, a price-to-earnings ratio of 33.90, a P/E/G ratio of 1.96 and a beta of 1.22. The company has a quick ratio of 0.86, a current ratio of 1.02 and a debt-to-equity ratio of 0.50.

Johnson Controls International (NYSE:JCI - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The company reported $0.64 earnings per share for the quarter, topping analysts' consensus estimates of $0.59 by $0.05. Johnson Controls International had a net margin of 6.83% and a return on equity of 15.11%. On average, analysts expect that Johnson Controls International plc will post 3.64 earnings per share for the current year.

Johnson Controls International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Monday, March 24th were given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 1.67%. The ex-dividend date was Monday, March 24th. Johnson Controls International's payout ratio is 56.49%.

About Johnson Controls International

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.