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

Bright Futures Wealth Management LLC. cut its holdings in Johnson Controls International plc (NYSE:JCI) by 6.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund 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 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the company. Compass Financial Services Inc purchased a new stake in Johnson Controls International in the 4th quarter valued at about $26,000. Fortitude Family Office LLC lifted its position in shares of Johnson Controls International by 195.8% in the 3rd quarter. Fortitude Family Office LLC now owns 420 shares of the company’s stock worth $33,000 after purchasing an additional 278 shares during the period. Wolff Wiese Magana LLC lifted its position in shares of Johnson Controls International by 977.3% in the 3rd quarter. Wolff Wiese Magana LLC now owns 474 shares of the company’s stock worth $37,000 after purchasing an additional 430 shares during the period. Synergy Asset Management LLC purchased a new stake in shares of Johnson Controls International in the 4th quarter worth approximately $42,000. Finally, ST Germain D J Co. Inc. lifted its position in 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 during the last quarter. 90.05% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on JCI shares. JPMorgan Chase & Co. upped their price target on shares of Johnson Controls International from $87.00 to $100.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Melius Research reissued a “hold” rating and set a $95.00 target price on shares of Johnson Controls International in a report on Tuesday, January 28th. Barclays lifted their price objective on shares of Johnson Controls International from $75.00 to $83.00 and gave the company an “equal weight” rating in a report on Thursday, December 5th. Morgan Stanley lifted their target price on shares of Johnson Controls International from $95.00 to $105.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Finally, Argus upgraded shares of Johnson Controls International from a “hold” rating to a “buy” rating and set a $88.00 target price on the stock in a research report on Friday, December 20th. Eight research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $91.13.

Insider Activity

In other news, VP Nathan D. Manning sold 1,421 shares of Johnson Controls International stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $76.44, for a total transaction of $108,621.24. Following the sale, the vice president now owns 148,346 shares in the company, valued at $11,339,568.24. This trade represents a 0.95 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO George Oliver sold 224,152 shares of Johnson Controls International stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $82.72, for a total transaction of $18,541,853.44. Following the sale, the chief executive officer now owns 1,166,992 shares in the company, valued at $96,533,578.24. This represents a 16.11 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 950,878 shares of company stock worth $81,229,286 over the last 90 days. Company insiders own 0.54% of the company’s stock.

Johnson Controls International Price Performance

JCI opened at $88.52 on Friday. Johnson Controls International plc has a 1 year low of $55.07 and a 1 year high of $89.95. The company’s 50 day simple moving average is $81.29 and its 200 day simple moving average is $77.47. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.79 and a current ratio of 1.02. 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 (NYSE:JCI) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $0.64 EPS for the quarter, beating 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, sell-side analysts expect that Johnson Controls International plc will post 3.52 EPS for the current year.

Johnson Controls International Announces Dividend

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

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.