Cresset Asset Management LLC Decreases Stake in Johnson Controls International plc (NYSE:JCI)

Cresset Asset Management LLC lowered its position in Johnson Controls International plc (NYSE:JCI - Free Report) by 72.4% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 14,540 shares of the company's stock after selling 38,231 shares during the period. Cresset Asset Management LLC's holdings in Johnson Controls International were worth $1,150,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Gilbert & Cook Inc. lifted its holdings in Johnson Controls International by 2.0% in the 4th quarter. Gilbert & Cook Inc. now owns 6,458 shares of the company's stock valued at $510,000 after purchasing an additional 127 shares in the last quarter. Jackson Hole Capital Partners LLC lifted its holdings in Johnson Controls International by 0.7% in the 4th quarter. Jackson Hole Capital Partners LLC now owns 18,621 shares of the company's stock valued at $1,470,000 after purchasing an additional 127 shares in the last quarter. Graypoint LLC lifted its holdings in Johnson Controls International by 4.1% in the 4th quarter. Graypoint LLC now owns 3,277 shares of the company's stock valued at $259,000 after purchasing an additional 130 shares in the last quarter. ST Germain D J Co. Inc. lifted its holdings in Johnson Controls International by 32.8% in the 4th quarter. ST Germain D J Co. Inc. now owns 543 shares of the company's stock valued at $43,000 after purchasing an additional 134 shares in the last quarter. Finally, Brooklyn Investment Group lifted its holdings in Johnson Controls International by 3.1% in the 4th quarter. Brooklyn Investment Group now owns 4,444 shares of the company's stock valued at $351,000 after purchasing an additional 135 shares in the last quarter. Hedge funds and other institutional investors own 90.05% of the company's stock.

Insider Buying and Selling at Johnson Controls International

In other Johnson Controls International news, CEO George Oliver sold 129,263 shares of Johnson Controls International stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $83.55, for a total value of $10,799,923.65. Following the completion of the transaction, the chief executive officer now directly owns 1,203,893 shares of the company's stock, valued at $100,585,260.15. The trade was a 9.70% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Marc Vandiepenbeeck sold 28,289 shares of the business's stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $90.92, for a total value of $2,572,035.88. Following the transaction, the chief financial officer now directly owns 147,673 shares of the company's stock, valued at approximately $13,426,429.16. This represents a 16.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 523,290 shares of company stock valued at $44,018,746 in the last three months. 0.54% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

JCI has been the topic of several analyst reports. JPMorgan Chase & Co. reduced their price target on Johnson Controls International from $100.00 to $81.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Oppenheimer lifted their price target on Johnson Controls International from $90.00 to $96.00 and gave the stock an "outperform" rating in a report on Thursday. Wells Fargo & Company lifted their price target on Johnson Controls International from $82.00 to $100.00 and gave the stock an "overweight" rating in a report on Thursday. Melius lowered Johnson Controls International from a "buy" rating to a "hold" rating and set a $95.00 price target on the stock. in a report on Tuesday, January 28th. Finally, Morgan Stanley lifted their price target on Johnson Controls International from $105.00 to $115.00 and gave the stock an "overweight" rating in a report on Friday. Eight investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $92.94.

Johnson Controls International Stock Up 0.8%

Shares of NYSE:JCI opened at $91.96 on Monday. The business has a 50-day moving average price of $80.63 and a 200 day moving average price of $81.64. The company has a current ratio of 1.02, a quick ratio of 0.86 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $60.51 billion, a price-to-earnings ratio of 35.10, a PEG ratio of 1.96 and a beta of 1.28. Johnson Controls International plc has a 12-month low of $64.31 and a 12-month high of $97.30.

Johnson Controls International (NYSE:JCI - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.82 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.77 by $0.05. The firm had revenue of $5.68 billion during the quarter, compared to the consensus estimate of $5.64 billion. Johnson Controls International had a return on equity of 15.11% and a net margin of 6.83%. The company's quarterly revenue was up 1.4% on a year-over-year basis. During the same period last year, the company earned $0.78 EPS. Sell-side analysts expect that Johnson Controls International plc will post 3.64 EPS for the current year.

Johnson Controls International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Monday, March 24th were given a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 1.61%. The ex-dividend date of this dividend was Monday, March 24th. Johnson Controls International's dividend payout ratio is currently 39.47%.

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.

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