Wedge Capital Management L L P NC Has $3.42 Million Stock Position in Johnson Controls International plc (NYSE:JCI)

Wedge Capital Management L L P NC cut its stake in shares of Johnson Controls International plc (NYSE:JCI - Free Report) by 30.9% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 42,665 shares of the company's stock after selling 19,039 shares during the period. Wedge Capital Management L L P NC's holdings in Johnson Controls International were worth $3,418,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in JCI. Park Avenue Securities LLC raised its holdings in shares of Johnson Controls International by 102.3% during the first quarter. Park Avenue Securities LLC now owns 53,650 shares of the company's stock worth $4,298,000 after acquiring an additional 27,133 shares in the last quarter. SOA Wealth Advisors LLC. raised its holdings in shares of Johnson Controls International by 5,715.4% during the 1st quarter. SOA Wealth Advisors LLC. now owns 9,421 shares of the company's stock valued at $755,000 after purchasing an additional 9,259 shares in the last quarter. Miracle Mile Advisors LLC lifted its stake in shares of Johnson Controls International by 10.1% in the 1st quarter. Miracle Mile Advisors LLC now owns 20,345 shares of the company's stock valued at $1,630,000 after purchasing an additional 1,866 shares during the last quarter. UMB Bank n.a. boosted its holdings in Johnson Controls International by 16.9% in the first quarter. UMB Bank n.a. now owns 3,328 shares of the company's stock worth $267,000 after purchasing an additional 482 shares in the last quarter. Finally, Wedmont Private Capital increased its position in Johnson Controls International by 2.4% during the first quarter. Wedmont Private Capital now owns 7,562 shares of the company's stock worth $588,000 after buying an additional 174 shares during the last quarter. Institutional investors and hedge funds own 90.05% of the company's stock.

Johnson Controls International Price Performance

NYSE JCI traded down $1.69 on Friday, reaching $101.91. The company's stock had a trading volume of 423,243 shares, compared to its average volume of 4,279,721. Johnson Controls International plc has a 52 week low of $64.31 and a 52 week high of $104.15. 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 firm has a market cap of $67.06 billion, a PE ratio of 38.88, a price-to-earnings-growth ratio of 1.96 and a beta of 1.33. The business has a 50-day moving average price of $90.08 and a 200 day moving average price of $84.74.

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

Johnson Controls International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 18th. Shareholders of record on Monday, June 23rd will be issued a dividend of $0.37 per share. The ex-dividend date is Monday, June 23rd. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.45%. Johnson Controls International's payout ratio is presently 39.47%.

Insider Activity

In other news, CFO Marc Vandiepenbeeck sold 28,289 shares of the firm's stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $90.92, for a total transaction of $2,572,035.88. Following the completion of the sale, the chief financial officer now owns 147,673 shares of the company's stock, valued at approximately $13,426,429.16. This trade represents a 16.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Nathan D. Manning sold 1,422 shares of Johnson Controls International stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $79.72, for a total transaction of $113,361.84. Following the completion of the transaction, the vice president now owns 145,502 shares of the company's stock, valued at $11,599,419.44. This trade represents a 0.97% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 147,555 shares of company stock worth $13,669,414. Corporate insiders own 0.54% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on JCI. Deutsche Bank Aktiengesellschaft raised Johnson Controls International from a "hold" rating to a "buy" rating and increased their price objective for the company from $101.00 to $112.00 in a report on Monday, May 12th. Morgan Stanley boosted their price objective on shares of Johnson Controls International from $105.00 to $115.00 and gave the stock an "overweight" rating in a research note on Friday, May 9th. JPMorgan Chase & Co. lifted their price objective on Johnson Controls International from $81.00 to $98.00 and gave the stock an "overweight" rating in a research note on Friday, May 16th. Oppenheimer boosted their price objective on Johnson Controls International from $90.00 to $96.00 and gave the stock an "outperform" rating in a research report on Thursday, May 8th. Finally, Barclays lifted their price target on Johnson Controls International from $85.00 to $90.00 and gave the stock an "equal weight" rating in a research report on Wednesday, May 14th. Eight equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, Johnson Controls International has an average rating of "Moderate Buy" and an average target price of $97.88.

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.