Sagespring Wealth Partners LLC Invests $1.23 Million in Johnson Controls International plc (NYSE:JCI)

Sagespring Wealth Partners LLC purchased a new stake in shares of Johnson Controls International plc (NYSE:JCI - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 15,544 shares of the company's stock, valued at approximately $1,227,000.

A number of other hedge funds have also recently modified their holdings of the company. Compass Financial Services Inc acquired a new position in Johnson Controls International in the 4th quarter valued at about $26,000. SBI Securities Co. Ltd. acquired a new position in Johnson Controls International in the fourth quarter valued at approximately $29,000. Synergy Asset Management LLC purchased a new position in Johnson Controls International in the fourth quarter worth approximately $42,000. Crowley Wealth Management Inc. purchased a new position in Johnson Controls International in the fourth quarter worth approximately $42,000. Finally, ST Germain D J Co. Inc. raised its position in 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 period. Hedge funds and other institutional investors own 90.05% of the company's stock.

Insider Buying and Selling

In related 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 completion of the sale, the director now owns 1,003,893 shares in the company, valued at $77,791,668.57. This represents a 1.54 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Nathan D. Manning sold 1,422 shares of the company's stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $79.72, for a total transaction of $113,361.84. Following the completion of the sale, the vice president now directly owns 145,502 shares of the company's stock, valued at $11,599,419.44. The trade was a 0.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 907,286 shares of company stock worth $77,938,071 in the last quarter. 0.54% of the stock is owned by insiders.

Johnson Controls International Stock Up 0.1 %

Shares of NYSE JCI traded up $0.11 during midday trading on Friday, hitting $76.77. 4,893,466 shares of the company's stock were exchanged, compared to its average volume of 4,472,177. The firm's fifty day simple moving average is $81.28 and its 200-day simple moving average is $80.78. The company has a market cap of $50.68 billion, a PE ratio of 29.30, a P/E/G ratio of 1.96 and a beta of 1.22. Johnson Controls International plc has a twelve month low of $59.83 and a twelve month high of $91.14. 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 (NYSE:JCI - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The company reported $0.64 earnings per share for the quarter, topping 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%. Research analysts predict that Johnson Controls International plc will post 3.64 EPS for the current fiscal year.

Johnson Controls International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Monday, March 24th were issued a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 1.93%. The ex-dividend date was Monday, March 24th. Johnson Controls International's payout ratio is currently 56.49%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. JPMorgan Chase & Co. cut their price objective on Johnson Controls International from $100.00 to $81.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Barclays decreased their price objective on shares of Johnson Controls International from $88.00 to $85.00 and set an "equal weight" rating on the stock in a report on Monday, March 10th. UBS Group upgraded shares of Johnson Controls International from a "neutral" rating to a "buy" rating and lifted their target price for the company from $90.00 to $103.00 in a report on Monday, February 10th. Wells Fargo & Company raised their price target on Johnson Controls International from $92.00 to $98.00 and gave the stock an "overweight" rating in a research report on Thursday, February 6th. Finally, Morgan Stanley increased their target price on Johnson Controls International from $95.00 to $105.00 and gave the stock an "overweight" rating in a research note on Thursday, February 6th. Eight equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, Johnson Controls International currently has an average rating of "Moderate Buy" and an average price target of $90.07.

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.