Brookstone Capital Management Cuts Holdings in Johnson Controls International plc $JCI

Brookstone Capital Management trimmed its position in Johnson Controls International plc (NYSE:JCI) by 55.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,123 shares of the company’s stock after selling 3,840 shares during the quarter. Brookstone Capital Management’s holdings in Johnson Controls International were worth $409,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in JCI. Maseco LLP increased its position in Johnson Controls International by 102.9% in the fourth quarter. Maseco LLP now owns 211 shares of the company’s stock worth $25,000 after purchasing an additional 107 shares during the last quarter. Mcguire Capital Advisors Inc. bought a new position in Johnson Controls International during the fourth quarter valued at $27,000. Roxbury Financial LLC lifted its position in Johnson Controls International by 71.9% during the fourth quarter. Roxbury Financial LLC now owns 239 shares of the company’s stock valued at $29,000 after purchasing an additional 100 shares during the last quarter. Twin Tree Management LP grew its stake in shares of Johnson Controls International by 140.9% in the 4th quarter. Twin Tree Management LP now owns 260 shares of the company’s stock worth $31,000 after buying an additional 895 shares in the last quarter. Finally, YANKCOM Partnership purchased a new position in shares of Johnson Controls International in the 4th quarter worth $34,000. 90.05% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Johnson Controls International news, VP Lei Zhang Schlitz sold 88,809 shares of the business’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $140.99, for a total value of $12,521,180.91. Following the completion of the sale, the vice president directly owned 57,059 shares of the company’s stock, valued at $8,044,748.41. The trade was a 60.88% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Todd M. Grabowski sold 1,800 shares of the company’s stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $146.20, for a total transaction of $263,160.00. Following the completion of the transaction, the vice president owned 26,215 shares in the company, valued at $3,832,633. This represents a 6.43% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.29% of the stock is owned by insiders.

Analyst Ratings Changes

JCI has been the topic of a number of research reports. Jefferies Financial Group boosted their target price on shares of Johnson Controls International from $125.00 to $135.00 and gave the stock a “hold” rating in a report on Wednesday, April 15th. Evercore assumed coverage on Johnson Controls International in a research report on Monday, April 13th. They issued a “hold” rating and a $155.00 price target for the company. The Goldman Sachs Group boosted their price objective on Johnson Controls International from $169.00 to $178.00 and gave the stock a “buy” rating in a research note on Tuesday, June 2nd. Wolfe Research restated an “outperform” rating and set a $171.00 price objective on shares of Johnson Controls International in a research report on Wednesday, June 3rd. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Johnson Controls International in a research note on Tuesday, June 9th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Johnson Controls International has a consensus rating of “Moderate Buy” and an average target price of $152.85.

Johnson Controls International Stock Performance

JCI stock opened at $138.62 on Monday. Johnson Controls International plc has a twelve month low of $102.09 and a twelve month high of $149.38. The firm has a market cap of $84.57 billion, a price-to-earnings ratio of 24.80, a PEG ratio of 1.49 and a beta of 1.33. The business’s fifty day simple moving average is $141.69 and its two-hundred day simple moving average is $132.89. The company has a quick ratio of 0.85, a current ratio of 1.04 and a debt-to-equity ratio of 0.64.

Johnson Controls International (NYSE:JCI) last issued its earnings results on Tuesday, March 31st. The company reported $1.19 earnings per share (EPS) for the quarter. The firm had revenue of $6.14 billion during the quarter. Johnson Controls International had a net margin of 14.45% and a return on equity of 19.50%. Analysts predict that Johnson Controls International plc will post 4.89 earnings per share for the current year.

Johnson Controls International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Monday, June 15th will be issued a dividend of $0.40 per share. The ex-dividend date is Monday, June 15th. This represents a $1.60 dividend on an annualized basis and a yield of 1.2%. Johnson Controls International’s dividend payout ratio (DPR) is presently 28.62%.

Johnson Controls International Profile

Johnson Controls International plc is a global diversified technology and multi‑industrial company that develops products, services and solutions for buildings and energy storage. The company’s core focus is on improving building efficiency, safety and sustainability through a combination of HVAC equipment, building controls and automation, fire and security systems, and related services. Johnson Controls traces its roots to 1885, when inventor Warren S. Johnson developed an electric room thermostat; over its long history the company has expanded from controls into a broad set of building‑related technologies and, through corporate transactions, into a global provider of integrated building solutions.

Johnson Controls’ product and service portfolio includes heating, ventilation and air‑conditioning equipment, chillers, air handlers and related mechanical systems, together with building automation and control platforms that monitor and manage energy use, indoor environmental quality and security.