Johnson Controls International plc (NYSE:JCI) Shares Sold by Avior Wealth Management LLC

Avior Wealth Management LLC reduced its stake in shares of Johnson Controls International plc (NYSE:JCI - Free Report) by 78.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,052 shares of the company's stock after selling 3,765 shares during the period. Avior Wealth Management LLC's holdings in Johnson Controls International were worth $84,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Jackson Hole Capital Partners LLC raised its stake 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 worth $1,470,000 after acquiring an additional 127 shares during the last quarter. SeaCrest Wealth Management LLC increased its holdings in shares of Johnson Controls International by 2.7% in the first quarter. SeaCrest Wealth Management LLC now owns 5,060 shares of the company's stock valued at $405,000 after purchasing an additional 135 shares during the period. Abacus Planning Group Inc. raised its stake in shares of Johnson Controls International by 5.2% in the first quarter. Abacus Planning Group Inc. now owns 2,714 shares of the company's stock worth $217,000 after purchasing an additional 135 shares during the last quarter. HighPoint Advisor Group LLC lifted its holdings in shares of Johnson Controls International by 1.8% during the fourth quarter. HighPoint Advisor Group LLC now owns 8,852 shares of the company's stock worth $699,000 after purchasing an additional 154 shares during the period. Finally, Exchange Traded Concepts LLC lifted its holdings in shares of Johnson Controls International by 10.6% during the first quarter. Exchange Traded Concepts LLC now owns 1,722 shares of the company's stock worth $138,000 after purchasing an additional 165 shares during the period. 90.05% of the stock is owned by hedge funds and other institutional investors.

Johnson Controls International Price Performance

NYSE JCI traded down $0.20 during trading hours on Wednesday, reaching $103.40. The company's stock had a trading volume of 3,752,246 shares, compared to its average volume of 4,306,945. The firm has a market capitalization of $68.04 billion, a price-to-earnings ratio of 27.57, a P/E/G ratio of 2.26 and a beta of 1.33. The company's 50-day moving average is $94.92 and its two-hundred day moving average is $85.96. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.96 and a quick ratio of 0.81. Johnson Controls International plc has a 1-year low of $64.31 and a 1-year high of $105.19.

Johnson Controls International (NYSE:JCI - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $0.82 EPS for the quarter, beating analysts' consensus estimates of $0.77 by $0.05. The business had revenue of $5.68 billion during the quarter, compared to analysts' expectations of $5.64 billion. Johnson Controls International had a return on equity of 15.13% and a net margin of 10.19%. The business's revenue was up 1.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.78 earnings per share. On average, equities analysts predict 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 given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date is Monday, June 23rd. Johnson Controls International's dividend payout ratio is presently 39.47%.

Johnson Controls International announced that its board has initiated a share repurchase plan on Friday, June 13th that authorizes the company to repurchase $9.00 billion in shares. This repurchase authorization authorizes the company to purchase up to 13.4% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's board of directors believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Vertical Research raised shares of Johnson Controls International from a "hold" rating to a "buy" rating and set a $105.00 price target for the company in a research report on Thursday, May 8th. Royal Bank Of Canada increased their price objective on shares of Johnson Controls International from $82.00 to $98.00 and gave the stock a "sector perform" rating in a research note on Thursday, May 8th. Oppenheimer downgraded shares of Johnson Controls International from an "outperform" rating to a "market perform" rating in a research report on Friday, June 20th. Citigroup lowered their price target on shares of Johnson Controls International from $95.00 to $85.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. Finally, Robert W. Baird lifted their price objective on Johnson Controls International from $84.00 to $90.00 and gave the company a "neutral" rating in a research note on Thursday, May 8th. Nine analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $97.88.

Insiders Place Their Bets

In related news, VP Anuruddha Rathninde sold 15,000 shares of the business's stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $103.13, for a total transaction of $1,546,950.00. Following the completion of the sale, the vice president now directly owns 42,574 shares in the company, valued at approximately $4,390,656.62. The trade was a 26.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Nathan D. Manning sold 1,422 shares of the stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $86.91, for a total value of $123,586.02. Following the completion of the transaction, the vice president now directly owns 144,704 shares of the company's stock, valued at approximately $12,576,224.64. This represents a 0.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 147,555 shares of company stock worth $13,669,414. Company insiders own 0.54% of the company's stock.

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.