Electron Capital Partners LLC Cuts Stake in Johnson Controls International plc (NYSE:JCI)

Electron Capital Partners LLC trimmed its stake in Johnson Controls International plc (NYSE:JCI - Free Report) by 3.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 752,425 shares of the company's stock after selling 24,148 shares during the period. Johnson Controls International makes up approximately 3.1% of Electron Capital Partners LLC's portfolio, making the stock its 14th biggest holding. Electron Capital Partners LLC owned approximately 0.11% of Johnson Controls International worth $59,389,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Barclays PLC raised its position in shares of Johnson Controls International by 6.7% during the 3rd quarter. Barclays PLC now owns 1,685,322 shares of the company's stock valued at $130,797,000 after buying an additional 105,194 shares in the last quarter. World Investment Advisors LLC purchased a new stake in Johnson Controls International during the third quarter valued at about $5,361,000. Sfmg LLC bought a new stake in Johnson Controls International during the third quarter worth about $210,000. Wilmington Savings Fund Society FSB boosted its holdings in shares of Johnson Controls International by 27.6% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 223,989 shares of the company's stock worth $17,384,000 after purchasing an additional 48,416 shares in the last quarter. Finally, Peapack Gladstone Financial Corp increased its position in shares of Johnson Controls International by 8.6% during the 3rd quarter. Peapack Gladstone Financial Corp now owns 9,669 shares of the company's stock valued at $751,000 after purchasing an additional 763 shares during the last quarter. 90.05% of the stock is currently owned by institutional investors.

Johnson Controls International Trading Up 2.1 %

Shares of Johnson Controls International stock traded up $1.81 during midday trading on Friday, reaching $89.06. 5,868,597 shares of the company's stock traded hands, compared to its average volume of 4,383,466. The stock has a 50 day moving average of $79.97 and a 200-day moving average of $81.14. Johnson Controls International plc has a 12 month low of $62.10 and a 12 month high of $91.14. The company has a market cap of $58.79 billion, a PE ratio of 33.99, a price-to-earnings-growth ratio of 1.96 and a beta of 1.22. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.86 and a current ratio of 1.02.

Johnson Controls International (NYSE:JCI - Get Free Report) last announced its earnings results on Wednesday, February 5th. The company reported $0.64 earnings per share for the quarter, beating analysts' consensus estimates 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, equities analysts expect that Johnson Controls International plc will post 3.64 EPS for the current fiscal year.

Johnson Controls International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Monday, March 24th were paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.66%. The ex-dividend date was Monday, March 24th. Johnson Controls International's payout ratio is presently 56.49%.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Royal Bank of Canada upped their target price on Johnson Controls International from $86.00 to $93.00 and gave the stock a "sector perform" rating in a research note on Thursday, February 6th. JPMorgan Chase & Co. reduced their target price on shares of Johnson Controls International from $100.00 to $81.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Barclays lowered their price target on shares of Johnson Controls International from $88.00 to $85.00 and set an "equal weight" rating for the company in a research note on Monday, March 10th. 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 note on Tuesday, January 28th. Finally, Melius Research restated a "hold" rating and set a $95.00 target price on shares of Johnson Controls International in a report on Tuesday, January 28th. Eight analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, Johnson Controls International presently has an average rating of "Moderate Buy" and a consensus target price of $90.07.

Insider Activity

In related news, VP Nathan D. Manning sold 1,422 shares of Johnson Controls International stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $86.91, for a total transaction of $123,586.02. Following the completion of the transaction, the vice president now directly owns 144,704 shares of the company's stock, valued at $12,576,224.64. This trade represents a 0.97 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO George Oliver sold 162,894 shares of the company's stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $89.28, for a total transaction of $14,543,176.32. Following the completion of the sale, the chief executive officer now owns 1,203,893 shares in the company, valued at approximately $107,483,567.04. This trade represents a 11.92 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 908,708 shares of company stock worth $78,061,657 in the last quarter. 0.54% of the stock is owned by company insiders.

About Johnson Controls International

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.