Silvercrest Asset Management Group LLC Sells 10,408 Shares of Johnson Controls International plc (NYSE:JCI)

Silvercrest Asset Management Group LLC decreased its stake in shares of Johnson Controls International plc (NYSE:JCI - Free Report) by 1.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 890,812 shares of the company's stock after selling 10,408 shares during the quarter. Silvercrest Asset Management Group LLC owned about 0.13% of Johnson Controls International worth $70,312,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the stock. Rafferty Asset Management LLC grew its position in Johnson Controls International by 11.4% during the 4th quarter. Rafferty Asset Management LLC now owns 62,400 shares of the company's stock valued at $4,925,000 after purchasing an additional 6,386 shares during the last quarter. Raiffeisen Bank International AG bought a new stake in shares of Johnson Controls International during the fourth quarter valued at approximately $78,625,000. ProShare Advisors LLC raised its holdings in Johnson Controls International by 14.2% in the 4th quarter. ProShare Advisors LLC now owns 96,667 shares of the company's stock worth $7,630,000 after acquiring an additional 12,055 shares during the last quarter. Quantinno Capital Management LP lifted its position in Johnson Controls International by 122.6% in the 4th quarter. Quantinno Capital Management LP now owns 82,649 shares of the company's stock valued at $6,524,000 after acquiring an additional 45,524 shares in the last quarter. Finally, Mufg Securities Americas Inc. bought a new position in Johnson Controls International in the 4th quarter valued at approximately $778,000. 90.05% of the stock is owned by institutional investors.

Analyst Ratings Changes

JCI has been the subject of several research analyst reports. Citigroup reduced their price objective on Johnson Controls International from $95.00 to $85.00 and set a "neutral" rating for the company in a report on Monday, April 14th. Melius Research reissued a "hold" rating and set a $95.00 price objective on shares of Johnson Controls International in a report on Tuesday, January 28th. Deutsche Bank Aktiengesellschaft upgraded shares of 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 report on Monday. Oppenheimer boosted their target price on shares of Johnson Controls International from $90.00 to $96.00 and gave the company an "outperform" rating in a research note on Thursday, May 8th. Finally, JPMorgan Chase & Co. dropped their price target on Johnson Controls International from $100.00 to $81.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Eight investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $94.35.

Insider Buying and Selling

In related news, Director George Oliver sold 15,669 shares of Johnson Controls International stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $77.49, for a total transaction of $1,214,190.81. Following the completion of the transaction, the director now directly owns 1,003,893 shares in the company, valued at approximately $77,791,668.57. This trade represents a 1.54% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Marc Vandiepenbeeck sold 28,289 shares of the company's stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $90.92, for a total value of $2,572,035.88. Following the completion of the sale, the chief financial officer now owns 147,673 shares in the company, valued at approximately $13,426,429.16. This represents a 16.08% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 460,396 shares of company stock valued at $38,645,569 over the last 90 days. Insiders own 0.54% of the company's stock.

Johnson Controls International Stock Up 0.3%

Shares of JCI stock opened at $96.65 on Friday. The company's fifty day simple moving average is $81.89 and its two-hundred day simple moving average is $82.10. Johnson Controls International plc has a 52 week low of $64.31 and a 52 week high of $97.11. The stock has a market cap of $63.60 billion, a P/E ratio of 36.89, a PEG ratio of 1.96 and a beta of 1.28. The company has a quick ratio of 0.86, a current ratio of 1.02 and a debt-to-equity ratio of 0.50.

Johnson Controls International (NYSE:JCI - Get Free Report) last posted its earnings results on Wednesday, May 7th. The company reported $0.82 EPS for the quarter, topping analysts' consensus estimates of $0.77 by $0.05. The company had revenue of $5.68 billion for the quarter, compared to the consensus estimate of $5.64 billion. Johnson Controls International had a return on equity of 15.11% and a net margin of 6.83%. The firm's revenue for the quarter was up 1.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.78 earnings per share. 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 disclosed a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Monday, March 24th were paid a $0.37 dividend. The ex-dividend date was Monday, March 24th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.53%. Johnson Controls International's payout ratio is currently 39.47%.

About Johnson Controls International

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.

Want to see what other hedge funds are holding JCI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Johnson Controls International plc (NYSE:JCI - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.