Alpha Omega Wealth Management LLC Decreases Stock Position in Johnson Controls International plc (NYSE:JCI)

Alpha Omega Wealth Management LLC trimmed its position in shares of Johnson Controls International plc (NYSE:JCI) by 2.9% in the 1st quarter, Holdings Channel reports. The firm owned 57,380 shares of the company’s stock after selling 1,740 shares during the period. Alpha Omega Wealth Management LLC’s holdings in Johnson Controls International were worth $4,597,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Jackson Hole Capital Partners LLC grew its position in shares of Johnson Controls International by 0.7% during the fourth quarter. Jackson Hole Capital Partners LLC now owns 18,621 shares of the company’s stock worth $1,470,000 after buying an additional 127 shares in the last quarter. SeaCrest Wealth Management LLC raised its holdings in Johnson Controls International by 2.7% in the first quarter. SeaCrest Wealth Management LLC now owns 5,060 shares of the company’s stock valued at $405,000 after acquiring an additional 135 shares in the last quarter. Abacus Planning Group Inc. lifted its stake in Johnson Controls International by 5.2% in the first quarter. Abacus Planning Group Inc. now owns 2,714 shares of the company’s stock worth $217,000 after acquiring an additional 135 shares during the last quarter. Catalyst Financial Partners LLC increased its position in shares of Johnson Controls International by 4.8% in the 4th quarter. Catalyst Financial Partners LLC now owns 3,154 shares of the company’s stock valued at $249,000 after purchasing an additional 144 shares during the last quarter. Finally, Avidian Wealth Enterprises LLC increased its position in shares of Johnson Controls International by 4.6% in the 4th quarter. Avidian Wealth Enterprises LLC now owns 3,427 shares of the company’s stock valued at $270,000 after purchasing an additional 150 shares during the last quarter. 90.05% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Johnson Controls International

In other Johnson Controls International news, Director George Oliver sold 15,669 shares of the stock in a transaction on Friday, March 14th. The shares were sold at an average price of $77.49, for a total transaction of $1,214,190.81. Following the sale, the director now directly owns 1,003,893 shares of the company’s stock, valued at approximately $77,791,668.57. This represents a 1.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 sale, the vice president now directly owns 42,574 shares in the company, valued at $4,390,656.62. This represents a 26.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 163,224 shares of company stock valued at $14,883,604. Insiders own 0.54% of the company’s stock.

Johnson Controls International Price Performance

Johnson Controls International stock opened at $102.92 on Wednesday. The stock has a market capitalization of $67.73 billion, a P/E ratio of 39.28, a P/E/G ratio of 1.96 and a beta of 1.33. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.02 and a quick ratio of 0.86. Johnson Controls International plc has a 12-month low of $64.31 and a 12-month high of $104.01. The firm’s 50-day moving average is $88.83 and its two-hundred day moving average is $84.47.

Johnson Controls International (NYSE:JCI) last posted its earnings results on Wednesday, May 7th. The company reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.77 by $0.05. The firm had revenue of $5.68 billion during the quarter, compared to the consensus estimate of $5.64 billion. Johnson Controls International had a net margin of 6.83% and a return on equity of 15.11%. The company’s revenue was up 1.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.78 EPS. Equities analysts predict that Johnson Controls International plc will post 3.64 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have recently issued reports on JCI. Morgan Stanley lifted their price objective 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. Oppenheimer raised their price target on Johnson Controls International from $90.00 to $96.00 and gave the company an “outperform” rating in a research note on Thursday, May 8th. Wells Fargo & Company upped their price objective on Johnson Controls International from $100.00 to $130.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 4th. Royal Bank of Canada increased their price objective on Johnson Controls International from $82.00 to $98.00 and gave the company a “sector perform” rating in a report on Thursday, May 8th. Finally, UBS Group restated a “buy” rating and set a $116.00 target price (up previously from $103.00) on shares of Johnson Controls International in a research note on Thursday, May 22nd. Eight analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, Johnson Controls International has an average rating of “Moderate Buy” and an average target price 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.