Apollon Wealth Management LLC Sells 684 Shares of Johnson Controls International plc (NYSE:JCI)

Apollon Wealth Management LLC decreased its holdings in shares of Johnson Controls International plc (NYSE:JCI) by 3.4% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 19,293 shares of the company’s stock after selling 684 shares during the period. Apollon Wealth Management LLC’s holdings in Johnson Controls International were worth $1,523,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in JCI. Fortitude Family Office LLC grew its holdings in Johnson Controls International by 195.8% during the third quarter. Fortitude Family Office LLC now owns 420 shares of the company’s stock worth $33,000 after buying an additional 278 shares in the last quarter. Wolff Wiese Magana LLC grew its stake 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 acquiring an additional 430 shares in the last quarter. Synergy Asset Management LLC bought a new stake in shares of Johnson Controls International in the 4th quarter worth $42,000. ST Germain D J Co. Inc. raised its holdings in shares of Johnson Controls International by 32.8% in the fourth quarter. ST Germain D J Co. Inc. now owns 543 shares of the company’s stock valued at $43,000 after purchasing an additional 134 shares during the last quarter. Finally, Western Pacific Wealth Management LP bought a new position in shares of Johnson Controls International during the third quarter valued at about $44,000. 90.05% of the stock is owned by institutional investors.

Johnson Controls International Stock Performance

Shares of JCI stock opened at $89.47 on Tuesday. Johnson Controls International plc has a 12 month low of $54.07 and a 12 month high of $89.95. The stock has a market capitalization of $59.06 billion, a P/E ratio of 34.15, a PEG ratio of 2.48 and a beta of 1.32. The company has a current ratio of 1.02, a quick ratio of 0.79 and a debt-to-equity ratio of 0.50. The firm’s 50 day moving average is $80.93 and its 200 day moving average is $77.08.

Johnson Controls International (NYSE:JCI) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.59 by $0.05. Johnson Controls International had a return on equity of 15.11% and a net margin of 6.83%. On average, sell-side 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 declared a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Monday, December 23rd were issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.65%. The ex-dividend date of this dividend was Monday, December 23rd. Johnson Controls International’s payout ratio is 56.49%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on JCI shares. Oppenheimer increased their price objective on shares of Johnson Controls International from $86.00 to $87.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. JPMorgan Chase & Co. increased their price target on Johnson Controls International from $87.00 to $100.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Melius cut Johnson Controls International from a “buy” rating to a “hold” rating and set a $95.00 price objective on the stock. in a research report on Tuesday, January 28th. Morgan Stanley raised their target price on 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, Robert W. Baird boosted their price target on shares of Johnson Controls International from $80.00 to $85.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Eight equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $91.13.

Insider Activity

In related news, VP Daniel C. Mcconeghy sold 1,950 shares of the company’s stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $87.73, for a total value of $171,073.50. Following the transaction, the vice president now directly owns 24,803 shares in the company, valued at approximately $2,175,967.19. This represents a 7.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Nathan D. Manning sold 1,421 shares of the firm’s 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 completion of the sale, the vice president now directly owns 148,346 shares in the company, valued at $11,339,568.24. This represents a 0.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 856,326 shares of company stock worth $72,313,086. 0.54% of the stock is owned by company insiders.

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.