Soltis Investment Advisors LLC Trims Stake in Johnson Controls International plc (NYSE:JCI)

Soltis Investment Advisors LLC decreased its position in shares of Johnson Controls International plc (NYSE:JCI - Free Report) by 94.2% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,815 shares of the company's stock after selling 45,637 shares during the period. Soltis Investment Advisors LLC's holdings in Johnson Controls International were worth $218,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in JCI. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Johnson Controls International by 9.7% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 51,878 shares of the company's stock worth $3,448,000 after acquiring an additional 4,601 shares during the last quarter. Triad Wealth Partners LLC purchased a new stake in Johnson Controls International in the second quarter worth $89,000. Blue Trust Inc. lifted its position in shares of Johnson Controls International by 111.8% during the second quarter. Blue Trust Inc. now owns 9,139 shares of the company's stock worth $597,000 after purchasing an additional 4,825 shares during the last quarter. Oak Harbor Wealth Partners LLC boosted its stake in shares of Johnson Controls International by 6.5% during the second quarter. Oak Harbor Wealth Partners LLC now owns 17,227 shares of the company's stock valued at $1,145,000 after purchasing an additional 1,048 shares during the period. Finally, Saxon Interests Inc. grew its holdings in shares of Johnson Controls International by 4.9% in the second quarter. Saxon Interests Inc. now owns 8,283 shares of the company's stock worth $551,000 after purchasing an additional 385 shares during the last quarter. Hedge funds and other institutional investors own 90.05% of the company's stock.

Johnson Controls International Stock Down 0.8 %

Shares of Johnson Controls International stock traded down $0.70 during trading on Friday, reaching $82.63. The company's stock had a trading volume of 2,338,073 shares, compared to its average volume of 4,800,241. Johnson Controls International plc has a 1-year low of $51.71 and a 1-year high of $87.16. The company has a 50-day simple moving average of $80.46 and a two-hundred day simple moving average of $73.82. The company has a quick ratio of 0.79, a current ratio of 0.94 and a debt-to-equity ratio of 0.46. The company has a market cap of $54.72 billion, a price-to-earnings ratio of 32.81, a P/E/G ratio of 2.35 and a beta of 1.31.

Johnson Controls International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Monday, December 23rd will be paid a dividend of $0.37 per share. The ex-dividend date of this dividend is Monday, December 23rd. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.79%. Johnson Controls International's payout ratio is 58.27%.

Insider Activity

In other Johnson Controls International news, EVP Marlon Sullivan sold 7,230 shares of Johnson Controls International stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $83.35, for a total transaction of $602,620.50. Following the completion of the sale, the executive vice president now owns 32,246 shares of the company's stock, valued at approximately $2,687,704.10. The trade was a 18.31 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO George Oliver sold 110,615 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $72.67, for a total value of $8,038,392.05. Following the completion of the transaction, the chief executive officer now directly owns 1,243,751 shares in the company, valued at $90,383,385.17. This represents a 8.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 872,389 shares of company stock worth $70,763,920 over the last 90 days. 0.69% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

JCI has been the topic of a number of research analyst reports. Morgan Stanley started coverage on shares of Johnson Controls International in a research note on Friday, September 6th. They issued an "overweight" rating and a $85.00 target price on the stock. Bank of America increased their price objective on Johnson Controls International from $80.00 to $95.00 and gave the stock a "buy" rating in a research note on Friday, September 27th. Royal Bank of Canada lifted their target price on Johnson Controls International from $81.00 to $86.00 and gave the company a "sector perform" rating in a research report on Thursday, November 7th. Oppenheimer increased their price target on Johnson Controls International from $86.00 to $87.00 and gave the stock an "outperform" rating in a research report on Thursday, November 7th. Finally, Wells Fargo & Company lifted their price objective on Johnson Controls International from $84.00 to $90.00 and gave the company an "overweight" rating in a report on Thursday, November 7th. Twelve research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $78.57.

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.