Sequoia Financial Advisors LLC Sells 22,136 Shares of Johnson Controls International plc (NYSE:JCI)

Sequoia Financial Advisors LLC reduced its position in Johnson Controls International plc (NYSE:JCI - Free Report) by 10.8% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 182,411 shares of the company's stock after selling 22,136 shares during the quarter. Sequoia Financial Advisors LLC's holdings in Johnson Controls International were worth $14,613,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in JCI. Wealthcare Advisory Partners LLC lifted its position in shares of Johnson Controls International by 9.0% during the first quarter. Wealthcare Advisory Partners LLC now owns 3,982 shares of the company's stock worth $319,000 after acquiring an additional 328 shares in the last quarter. Dynamic Advisor Solutions LLC increased its holdings in Johnson Controls International by 22.4% during the 1st quarter. Dynamic Advisor Solutions LLC now owns 5,987 shares of the company's stock worth $480,000 after acquiring an additional 1,096 shares during the period. Sowell Financial Services LLC purchased a new stake in shares of Johnson Controls International in the first quarter worth $216,000. Farther Finance Advisors LLC increased its stake in Johnson Controls International by 24.5% in the 1st quarter. Farther Finance Advisors LLC now owns 7,946 shares of the company's stock worth $647,000 after acquiring an additional 1,566 shares during the last quarter. Finally, Exchange Traded Concepts LLC raised its holdings in shares of Johnson Controls International by 10.6% in the 1st quarter. Exchange Traded Concepts LLC now owns 1,722 shares of the company's stock valued at $138,000 after acquiring an additional 165 shares in the last quarter. 90.05% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Johnson Controls International

In other Johnson Controls International news, VP Anuruddha Rathninde sold 15,000 shares of the stock in a transaction on 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 completion of the transaction, the vice president now owns 42,574 shares in the company, valued at approximately $4,390,656.62. This represents a 26.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Marc Vandiepenbeeck sold 28,289 shares of the business's stock in a transaction 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 sale, the chief financial officer now owns 147,673 shares in the company, valued at approximately $13,426,429.16. This trade represents a 16.08% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 147,555 shares of company stock valued at $13,669,414. 0.54% of the stock is currently owned by company insiders.

Johnson Controls International Stock Up 1.1%

JCI opened at $104.53 on Friday. Johnson Controls International plc has a 12 month low of $64.31 and a 12 month high of $105.19. The company has a current ratio of 0.96, a quick ratio of 0.81 and a debt-to-equity ratio of 0.48. The business's 50-day moving average price is $95.48 and its 200-day moving average price is $86.10. The company has a market cap of $68.78 billion, a P/E ratio of 27.87, a P/E/G ratio of 2.26 and a beta of 1.33.

Johnson Controls International (NYSE:JCI - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.82 EPS for the quarter, beating analysts' consensus estimates of $0.77 by $0.05. The company had revenue of $5.68 billion during the quarter, compared to analyst estimates of $5.64 billion. Johnson Controls International had a net margin of 10.19% and a return on equity of 15.13%. The firm's revenue was up 1.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.78 EPS. On average, equities analysts expect that Johnson Controls International plc will post 3.64 EPS for the current year.

Johnson Controls International declared that its Board of Directors has initiated a share repurchase plan on Friday, June 13th that allows the company to buyback $9.00 billion in shares. This buyback authorization allows the company to repurchase up to 13.4% of its shares through open market purchases. Shares buyback plans are generally an indication that the company's board of directors believes its stock is undervalued.

Johnson Controls International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 18th. Investors of record on Monday, June 23rd will be issued a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 1.42%. The ex-dividend date is Monday, June 23rd. Johnson Controls International's dividend payout ratio (DPR) is currently 39.47%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Oppenheimer lowered Johnson Controls International from an "outperform" rating to a "market perform" rating in a report on Friday, June 20th. JPMorgan Chase & Co. boosted their price target on shares of Johnson Controls International from $81.00 to $98.00 and gave the stock an "overweight" rating in a research note on Friday, May 16th. Barclays increased their price target on shares of Johnson Controls International from $85.00 to $90.00 and gave the stock an "equal weight" rating in a report on Wednesday, May 14th. Deutsche Bank Aktiengesellschaft upgraded shares of Johnson Controls International from a "hold" rating to a "buy" rating and raised their price objective for the company from $101.00 to $112.00 in a research report on Monday, May 12th. Finally, Morgan Stanley upped their target price on shares of Johnson Controls International from $105.00 to $115.00 and gave the stock an "overweight" rating in a research report on Friday, May 9th. Nine research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat.com, Johnson Controls International presently has an average rating of "Moderate Buy" and an average price target of $97.88.

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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