Rock Point Advisors LLC Sells 21,336 Shares of Johnson Controls International plc (NYSE:JCI)

Rock Point Advisors LLC decreased its stake in Johnson Controls International plc (NYSE:JCI - Free Report) by 44.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,770 shares of the company's stock after selling 21,336 shares during the period. Rock Point Advisors LLC's holdings in Johnson Controls International were worth $2,145,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Cornerstone Planning Group LLC increased its position in shares of Johnson Controls International by 74.5% during the first quarter. Cornerstone Planning Group LLC now owns 363 shares of the company's stock worth $28,000 after buying an additional 155 shares during the period. SBI Securities Co. Ltd. bought a new position in Johnson Controls International during the fourth quarter worth $29,000. Community Bank N.A. bought a new position in Johnson Controls International during the first quarter worth $32,000. Crowley Wealth Management Inc. bought a new position in Johnson Controls International during the fourth quarter worth $42,000. Finally, Rossby Financial LCC bought a new position in Johnson Controls International during the first quarter worth $42,000. Institutional investors own 90.05% of the company's stock.

Insiders Place Their Bets

In related news, 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 transaction of $2,572,035.88. Following the completion of the transaction, the chief financial officer owned 147,673 shares of the company's stock, valued at approximately $13,426,429.16. The trade was a 16.08% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director George Oliver sold 100,000 shares of the company's stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $91.70, for a total value of $9,170,000.00. Following the completion of the transaction, the director directly owned 904,305 shares of the company's stock, valued at approximately $82,924,768.50. This trade represents a 9.96% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 147,555 shares of company stock worth $13,705,106. 0.54% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. The Goldman Sachs Group raised their price objective on shares of Johnson Controls International from $103.00 to $116.00 and gave the company a "buy" rating in a research note on Tuesday. Vertical Research upgraded shares of Johnson Controls International from a "hold" rating to a "buy" rating and set a $105.00 target price for the company in a research report on Thursday, May 8th. 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 report on Friday, May 9th. Deutsche Bank Aktiengesellschaft upgraded shares of Johnson Controls International from a "hold" rating to a "buy" rating and upped their price objective for the stock from $101.00 to $112.00 in a report on Monday, May 12th. Finally, Wells Fargo & Company upped their target price on shares of Johnson Controls International from $100.00 to $130.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 4th. Nine equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat, Johnson Controls International has a consensus rating of "Moderate Buy" and an average price target of $100.53.

Johnson Controls International Price Performance

Shares of NYSE JCI traded down $0.10 during trading on Friday, reaching $106.23. The company had a trading volume of 1,170,302 shares, compared to its average volume of 4,332,468. The stock has a market capitalization of $69.90 billion, a PE ratio of 28.32, a price-to-earnings-growth ratio of 1.95 and a beta of 1.31. The company has a current ratio of 0.96, a quick ratio of 0.81 and a debt-to-equity ratio of 0.48. Johnson Controls International plc has a twelve month low of $64.31 and a twelve month high of $107.20. The stock has a 50-day moving average price of $100.59 and a two-hundred day moving average price of $87.76.

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 for the quarter, beating analysts' consensus estimates of $0.77 by $0.05. Johnson Controls International had a return on equity of 15.13% and a net margin of 10.19%. The firm had revenue of $5.68 billion during the quarter, compared to analyst estimates of $5.64 billion. During the same quarter last year, the firm earned $0.78 EPS. Johnson Controls International's quarterly revenue was up 1.4% on a year-over-year basis. As a group, sell-side analysts predict that Johnson Controls International plc will post 3.64 earnings per share for the current year.

Johnson Controls International announced that its board has authorized a stock repurchase plan on Friday, June 13th that authorizes the company to repurchase $9.00 billion in outstanding shares. This repurchase authorization authorizes the company to purchase up to 13.4% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's management believes its stock is undervalued.

Johnson Controls International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, July 18th. Stockholders 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 dividend yield of 1.39%. The ex-dividend date is Monday, June 23rd. Johnson Controls International's dividend payout ratio (DPR) is presently 39.47%.

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.