Park Place Capital Corp Sells 155 Shares of Johnson Controls International plc (NYSE:JCI)

Park Place Capital Corp reduced its stake in shares of Johnson Controls International plc (NYSE:JCI) by 14.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 933 shares of the company’s stock after selling 155 shares during the period. Park Place Capital Corp’s holdings in Johnson Controls International were worth $74,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the stock. Fortitude Family Office LLC raised 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 acquiring 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 valued at $37,000 after buying an additional 430 shares during the period. ST Germain D J Co. Inc. grew its stake in shares of Johnson Controls International by 32.8% in the 4th quarter. ST Germain D J Co. Inc. now owns 543 shares of the company’s stock valued at $43,000 after buying an additional 134 shares during the period. Western Pacific Wealth Management LP acquired a new stake in shares of Johnson Controls International in the 3rd quarter valued at about $44,000. Finally, Friedenthal Financial acquired a new stake in shares of Johnson Controls International in the 4th quarter valued at about $49,000. 90.05% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have issued reports on JCI shares. Robert W. Baird lifted their price target on Johnson Controls International from $80.00 to $85.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Oppenheimer lifted their price target on Johnson Controls International from $86.00 to $87.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. UBS Group started coverage on Johnson Controls International in a research note on Wednesday, November 13th. They set a “neutral” rating and a $90.00 price target for the company. JPMorgan Chase & Co. cut their price target on Johnson Controls International from $88.00 to $87.00 and set an “overweight” rating for the company in a research note on Wednesday, January 15th. Finally, Wells Fargo & Company dropped their target price on shares of Johnson Controls International from $95.00 to $92.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 7th. Ten investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $82.53.

Insider Activity

In related news, EVP Marlon Sullivan sold 7,230 shares of the firm’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $83.35, for a total value of $602,620.50. Following the sale, the executive vice president now owns 32,246 shares in the company, valued at approximately $2,687,704.10. This trade represents a 18.31 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO George Oliver sold 224,152 shares of the stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $82.72, for a total transaction of $18,541,853.44. Following the completion of the transaction, the chief executive officer now owns 1,166,992 shares in the company, valued at $96,533,578.24. The trade was a 16.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 647,787 shares of company stock valued at $53,972,452. Insiders own 0.69% of the company’s stock.

Johnson Controls International Stock Performance

NYSE JCI opened at $82.13 on Thursday. The company has a 50-day simple moving average of $81.80 and a two-hundred day simple moving average of $76.03. The company has a quick ratio of 0.79, a current ratio of 0.94 and a debt-to-equity ratio of 0.46. Johnson Controls International plc has a 12-month low of $52.02 and a 12-month high of $87.16. The firm has a market cap of $54.38 billion, a price-to-earnings ratio of 32.33, a PEG ratio of 2.36 and a beta of 1.32.

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. This represents a $1.48 annualized dividend and a dividend yield of 1.80%. The ex-dividend date of this dividend was Monday, December 23rd. Johnson Controls International’s dividend payout ratio (DPR) is 58.27%.

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.