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

Rock Point Advisors LLC lessened its holdings in shares of Johnson Controls International plc (NYSE:JCI - Free Report) by 44.4% in the 1st quarter, according to its most recent filing with the 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 reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Brighton Jones LLC bought a new stake in shares of Johnson Controls International in the fourth quarter valued at approximately $222,000. Bank Pictet & Cie Europe AG raised its stake in Johnson Controls International by 67.4% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 88,569 shares of the company's stock valued at $6,991,000 after purchasing an additional 35,655 shares during the last quarter. SBI Securities Co. Ltd. bought a new stake in Johnson Controls International in the 4th quarter valued at $29,000. Proficio Capital Partners LLC boosted its holdings in Johnson Controls International by 26.0% in the 4th quarter. Proficio Capital Partners LLC now owns 6,139 shares of the company's stock valued at $485,000 after purchasing an additional 1,266 shares during the period. Finally, Larson Financial Group LLC grew its position in Johnson Controls International by 25.1% in the 4th quarter. Larson Financial Group LLC now owns 923 shares of the company's stock worth $73,000 after purchasing an additional 185 shares during the last quarter. Institutional investors own 90.05% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on JCI shares. Oppenheimer cut shares of Johnson Controls International from an "outperform" rating to a "market perform" rating in a research note on Friday, June 20th. Citigroup decreased their price objective on Johnson Controls International from $95.00 to $85.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. Wells Fargo & Company upped their target price on Johnson Controls International from $100.00 to $130.00 and gave the company an "overweight" rating in a research note on Wednesday, June 4th. Deutsche Bank Aktiengesellschaft raised Johnson Controls International from a "hold" rating to a "buy" rating and raised their target price for the stock from $101.00 to $112.00 in a research report on Monday, May 12th. Finally, Vertical Research raised shares of Johnson Controls International from a "hold" rating to a "buy" rating and set a $105.00 price target on the stock in a report on Thursday, May 8th. Nine 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, Johnson Controls International presently has an average rating of "Moderate Buy" and an average target price of $100.53.

Johnson Controls International Price Performance

JCI traded down $0.17 during midday trading on Thursday, hitting $106.33. The company had a trading volume of 4,247,347 shares, compared to its average volume of 4,344,652. Johnson Controls International plc has a twelve month low of $64.31 and a twelve month high of $107.18. The firm's 50-day simple moving average is $100.20 and its 200-day simple moving average is $87.58. The company has a market capitalization of $69.97 billion, a PE ratio of 28.35, a P/E/G ratio of 1.95 and a beta of 1.31. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.81 and a current ratio of 0.96.

Johnson Controls International (NYSE:JCI - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.05. The firm had revenue of $5.68 billion during the quarter, compared to analysts' expectations of $5.64 billion. Johnson Controls International had a net margin of 10.19% and a return on equity of 15.13%. Johnson Controls International's revenue was up 1.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.78 EPS. Equities research analysts predict that Johnson Controls International plc will post 3.64 EPS for the current fiscal year.

Johnson Controls International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 18th. Investors of record on Monday, June 23rd will be paid 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 39.47%.

Johnson Controls International declared that its board has authorized a stock repurchase program on Friday, June 13th that permits the company to buyback $9.00 billion in outstanding shares. This buyback authorization permits the company to reacquire up to 13.4% of its shares through open market purchases. Shares buyback programs are often a sign that the company's board of directors believes its shares are undervalued.

Insider Buying and Selling at Johnson Controls International

In related news, VP Nathan D. Manning sold 1,422 shares of the company's stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $104.82, for a total value of $149,054.04. Following the completion of the sale, the vice president owned 141,860 shares in the company, valued at approximately $14,869,765.20. This represents a 0.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Anuruddha Rathninde sold 15,000 shares of the firm's stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $103.13, for a total value of $1,546,950.00. Following the transaction, the vice president owned 42,574 shares in the company, valued at approximately $4,390,656.62. This trade represents a 26.05% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 147,555 shares of company stock valued at $13,705,106. 0.54% of the stock is currently owned by corporate insiders.

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.