Silvercrest Asset Management Group LLC Cuts Stock Position in Johnson Controls International plc (NYSE:JCI)

Silvercrest Asset Management Group LLC lowered its stake in shares of Johnson Controls International plc (NYSE:JCI) by 1.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 890,812 shares of the company’s stock after selling 10,408 shares during the period. Silvercrest Asset Management Group LLC’s holdings in Johnson Controls International were worth $70,312,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Park Avenue Securities LLC raised its stake in Johnson Controls International by 101.5% in the 4th quarter. Park Avenue Securities LLC now owns 26,517 shares of the company’s stock valued at $2,093,000 after purchasing an additional 13,360 shares during the last quarter. Certuity LLC acquired a new position in shares of Johnson Controls International during the 4th quarter worth approximately $243,000. BNC Wealth Management LLC acquired a new stake in shares of Johnson Controls International in the fourth quarter valued at approximately $2,093,000. Seros Financial LLC acquired a new position in Johnson Controls International during the fourth quarter worth $561,000. Finally, Harrell Investment Partners LLC grew its holdings in Johnson Controls International by 10.3% in the 4th quarter. Harrell Investment Partners LLC now owns 46,107 shares of the company’s stock valued at $3,639,000 after buying an additional 4,301 shares in the last quarter. 90.05% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have commented on JCI. Wells Fargo & Company lifted their target price on shares of Johnson Controls International from $82.00 to $100.00 and gave the stock an “overweight” rating in a research note on Thursday, May 8th. Barclays upped their price target on Johnson Controls International from $85.00 to $90.00 and gave the company an “equal weight” rating in a research note on Wednesday. Vertical Research upgraded shares of Johnson Controls International from a “hold” rating to a “buy” rating and set a $105.00 price objective on the stock in a report on Thursday, May 8th. Melius Research reaffirmed a “hold” rating and set a $95.00 target price on shares of Johnson Controls International in a research note on Tuesday, January 28th. Finally, Morgan Stanley upped 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. Eight research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $94.35.

Johnson Controls International Trading Up 0.3%

Shares of NYSE:JCI opened at $96.65 on Friday. Johnson Controls International plc has a 52 week low of $64.31 and a 52 week high of $97.11. The company’s 50 day moving average is $81.89 and its two-hundred day moving average is $82.10. The company has a market cap of $63.60 billion, a PE ratio of 36.89, a P/E/G ratio of 1.96 and a beta of 1.28. The company has a current ratio of 1.02, a quick ratio of 0.86 and a debt-to-equity ratio of 0.50.

Johnson Controls International (NYSE:JCI) last posted its quarterly earnings results 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. The company had revenue of $5.68 billion for the quarter, compared to analysts’ expectations of $5.64 billion. Johnson Controls International had a return on equity of 15.11% and a net margin of 6.83%. Johnson Controls International’s quarterly revenue was up 1.4% on a year-over-year basis. During the same period last year, the firm earned $0.78 earnings per share. Equities analysts predict that Johnson Controls International plc will post 3.64 earnings per share for the current fiscal year.

Johnson Controls International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Monday, March 24th were issued a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 1.53%. The ex-dividend date was Monday, March 24th. Johnson Controls International’s payout ratio is 39.47%.

Insider Activity at Johnson Controls International

In other news, Director George Oliver sold 100,000 shares of Johnson Controls International stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $91.70, for a total transaction of $9,170,000.00. Following the sale, the director now owns 904,305 shares in the company, valued at approximately $82,924,768.50. The trade was a 9.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Marc Vandiepenbeeck sold 28,289 shares of the company’s stock in a transaction dated Thursday, May 8th. The shares were 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 directly owns 147,673 shares of the company’s stock, valued at approximately $13,426,429.16. This trade represents a 16.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 460,396 shares of company stock valued at $38,645,569 in the last ninety days. 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.