Bright Futures Wealth Management LLC. Sells 368 Shares of Johnson Controls International plc (NYSE:JCI)

Bright Futures Wealth Management LLC. decreased its holdings in shares of Johnson Controls International plc (NYSE:JCI) by 6.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,289 shares of the company’s stock after selling 368 shares during the period. Bright Futures Wealth Management LLC.’s holdings in Johnson Controls International were worth $403,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Compass Financial Services Inc bought a new stake in shares of Johnson Controls International during the fourth quarter valued at approximately $26,000. Fortitude Family Office LLC increased its position in shares of Johnson Controls International by 195.8% during the third quarter. Fortitude Family Office LLC now owns 420 shares of the company’s stock valued at $33,000 after acquiring an additional 278 shares in the last quarter. Wolff Wiese Magana LLC increased its position in shares of Johnson Controls International by 977.3% during the third quarter. Wolff Wiese Magana LLC now owns 474 shares of the company’s stock valued at $37,000 after acquiring an additional 430 shares in the last quarter. Synergy Asset Management LLC bought a new stake in shares of Johnson Controls International during the fourth quarter valued at approximately $42,000. Finally, ST Germain D J Co. Inc. increased its position in shares of Johnson Controls International by 32.8% during the fourth quarter. ST Germain D J Co. Inc. now owns 543 shares of the company’s stock valued at $43,000 after acquiring an additional 134 shares in the last quarter. Institutional investors own 90.05% of the company’s stock.

Johnson Controls International Trading Down 0.6 %

Shares of Johnson Controls International stock opened at $88.52 on Friday. The company’s fifty day simple moving average is $81.29 and its 200-day simple moving average is $77.47. The stock has a market capitalization of $58.44 billion, a PE ratio of 33.79, a P/E/G ratio of 2.48 and a beta of 1.32. Johnson Controls International plc has a 1-year low of $55.07 and a 1-year high of $89.95. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.02 and a quick ratio of 0.79.

Johnson Controls International (NYSE:JCI) last issued its quarterly earnings results on Wednesday, February 5th. The company reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.05. Johnson Controls International had a net margin of 6.83% and a return on equity of 15.11%. As a group, equities analysts anticipate that Johnson Controls International plc will post 3.52 earnings per share for the current year.

Johnson Controls International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Monday, December 23rd were paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.67%. The ex-dividend date of this dividend was Monday, December 23rd. Johnson Controls International’s dividend payout ratio (DPR) is 56.49%.

Wall Street Analysts Forecast Growth

JCI has been the subject of several analyst reports. StockNews.com downgraded shares of Johnson Controls International from a “buy” rating to a “hold” rating in a research report on Wednesday, November 20th. Wells Fargo & Company lifted their target price on shares of Johnson Controls International from $92.00 to $98.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Morgan Stanley lifted their target price on shares of Johnson Controls International from $95.00 to $105.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Mizuho lifted their target price on shares of Johnson Controls International from $62.00 to $75.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. Finally, Oppenheimer lifted their target price on shares of Johnson Controls International from $86.00 to $87.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Eight equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $91.13.

Insider Activity at Johnson Controls International

In related news, EVP Marlon Sullivan sold 7,230 shares of Johnson Controls International stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $83.35, for a total transaction of $602,620.50. Following the transaction, the executive vice president now owns 32,246 shares in the company, valued at approximately $2,687,704.10. The trade was a 18.31 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO George Oliver sold 205,168 shares of Johnson Controls International stock in a transaction on Monday, February 10th. The shares were sold at an average price of $89.07, for a total transaction of $18,274,313.76. Following the completion of the sale, the chief executive officer now owns 1,260,527 shares in the company, valued at approximately $112,275,139.89. This represents a 14.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 950,878 shares of company stock worth $81,229,286. 0.54% of the stock is 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.