Assenagon Asset Management S.A. Sells 267,920 Shares of Johnson Controls International plc $JCI

Assenagon Asset Management S.A. cut its position in Johnson Controls International plc (NYSE:JCI - Free Report) by 72.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 100,594 shares of the company's stock after selling 267,920 shares during the quarter. Assenagon Asset Management S.A.'s holdings in Johnson Controls International were worth $14,953,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in JCI. HBW Advisory Services LLC raised its position in shares of Johnson Controls International by 3.8% in the third quarter. HBW Advisory Services LLC now owns 2,483 shares of the company's stock valued at $369,000 after purchasing an additional 91 shares during the period. Fortitude Family Office LLC lifted its stake in shares of Johnson Controls International by 33.9% during the 3rd quarter. Fortitude Family Office LLC now owns 1,212 shares of the company's stock valued at $180,000 after buying an additional 307 shares in the last quarter. Western Financial Corp CA lifted its stake in shares of Johnson Controls International by 6.7% during the 3rd quarter. Western Financial Corp CA now owns 5,077 shares of the company's stock valued at $755,000 after buying an additional 320 shares in the last quarter. Virginia Estate & Retirement Planning Advisors Inc. bought a new position in Johnson Controls International in the 3rd quarter worth approximately $33,000. Finally, MFA Wealth Services boosted its holdings in Johnson Controls International by 4.2% in the 3rd quarter. MFA Wealth Services now owns 2,556 shares of the company's stock worth $380,000 after buying an additional 104 shares during the period. Hedge funds and other institutional investors own 90.05% of the company's stock.

Johnson Controls International Stock Performance

NYSE JCI opened at $147.97 on Tuesday. Johnson Controls International plc has a 1 year low of $107.83 and a 1 year high of $160.41. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.00 and a quick ratio of 0.83. The stock has a market capitalization of $89.63 billion, a PE ratio of 30.56, a P/E/G ratio of 1.08 and a beta of 1.27. The company's 50 day simple moving average is $147.30 and its two-hundred day simple moving average is $143.90.

Johnson Controls International (NYSE:JCI - Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The company reported $1.42 EPS for the quarter, beating the consensus estimate of $1.30 by $0.12. The firm had revenue of $6.61 billion during the quarter, compared to the consensus estimate of $6.46 billion. Johnson Controls International had a net margin of 14.32% and a return on equity of 22.11%. The business's quarterly revenue was up 9.3% compared to the same quarter last year. During the same period last year, the firm earned $1.05 EPS. Analysts predict that Johnson Controls International plc will post 5.08 earnings per share for the current fiscal year.

Johnson Controls International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 16th. Investors of record on Monday, September 21st were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.1%. The ex-dividend date was Monday, September 21st. Johnson Controls International's payout ratio is presently 27.83%.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. UBS Group reiterated a "buy" rating on shares of Johnson Controls International in a research note on Wednesday, September 16th. The Goldman Sachs Group increased their target price on Johnson Controls International from $186.00 to $191.00 and gave the stock a "buy" rating in a research report on Wednesday, September 30th. Argus set a $175.00 target price on Johnson Controls International in a research report on Friday, August 7th. Bank of America raised their price target on Johnson Controls International from $152.00 to $175.00 and gave the stock a "buy" rating in a report on Thursday, October 8th. Finally, Morgan Stanley lifted their price target on Johnson Controls International from $175.00 to $180.00 and gave the company an "overweight" rating in a research report on Wednesday, September 2nd. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Johnson Controls International has a consensus rating of "Moderate Buy" and a consensus target price of $163.05.

Insider Activity at Johnson Controls International

In other news, VP Lei Schlitz sold 23,417 shares of the business's stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $153.07, for a total transaction of $3,584,440.19. Following the completion of the transaction, the vice president owned 15,017 shares of the company's stock, valued at approximately $2,298,652.19. The trade was a 60.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.29% of the company's stock.

Johnson Controls International Profile

Johnson Controls International plc NYSE: JCI is a global provider of building technology, products and services. The company helps customers design, operate and maintain efficient, healthy and secure buildings through solutions for heating, ventilation and air conditioning, building automation, energy management, fire detection and suppression, and physical security.

Its portfolio includes building controls and digital management platforms, HVAC equipment, chillers, air-handling systems, fire and security technologies, and related services.

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