Horizon Investments LLC Decreases Stock Position in Johnson Controls International plc $JCI

Horizon Investments LLC cut its holdings in Johnson Controls International plc (NYSE:JCI - Free Report) by 39.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,869 shares of the company's stock after selling 11,603 shares during the period. Horizon Investments LLC's holdings in Johnson Controls International were worth $2,140,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Robeco Institutional Asset Management B.V. raised its stake in Johnson Controls International by 9.1% in the third quarter. Robeco Institutional Asset Management B.V. now owns 1,466,780 shares of the company's stock valued at $161,272,000 after buying an additional 122,134 shares in the last quarter. Nordea Investment Management AB raised its stake in Johnson Controls International by 1,545.8% in the third quarter. Nordea Investment Management AB now owns 2,134,324 shares of the company's stock valued at $232,705,000 after buying an additional 2,004,643 shares in the last quarter. Regents Gate Capital LLP raised its stake in Johnson Controls International by 17.4% in the third quarter. Regents Gate Capital LLP now owns 86,144 shares of the company's stock valued at $9,472,000 after buying an additional 12,774 shares in the last quarter. MGO One Seven LLC raised its stake in Johnson Controls International by 573.4% in the third quarter. MGO One Seven LLC now owns 62,624 shares of the company's stock valued at $6,886,000 after buying an additional 53,325 shares in the last quarter. Finally, Bright Futures Wealth Management LLC. acquired a new stake in Johnson Controls International in the third quarter valued at $583,000. 90.05% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on JCI. Mizuho raised their price target on Johnson Controls International from $120.00 to $130.00 and gave the company a "neutral" rating in a research note on Thursday, February 5th. Wells Fargo & Company lifted their target price on Johnson Controls International from $135.00 to $145.00 and gave the stock an "overweight" rating in a research report on Thursday, February 5th. Barclays lifted their target price on Johnson Controls International from $125.00 to $136.00 and gave the stock an "equal weight" rating in a research report on Thursday, February 5th. BNP Paribas Exane assumed coverage on Johnson Controls International in a research report on Tuesday, April 14th. They set an "underperform" rating and a $120.00 target price on the stock. Finally, Wolfe Research cut their target price on Johnson Controls International from $161.00 to $160.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 8th. Twelve equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $137.81.

Johnson Controls International Price Performance

Shares of JCI opened at $144.96 on Wednesday. Johnson Controls International plc has a twelve month low of $87.77 and a twelve month high of $147.32. The stock's 50 day moving average is $137.57 and its two-hundred day moving average is $125.76. The firm has a market capitalization of $88.72 billion, a PE ratio of 27.30, a P/E/G ratio of 1.63 and a beta of 1.37. The company has a current ratio of 0.99, a quick ratio of 0.81 and a debt-to-equity ratio of 0.66.

Johnson Controls International (NYSE:JCI - Get Free Report) last announced its quarterly earnings data on Wednesday, February 4th. The company reported $0.89 earnings per share for the quarter, beating analysts' consensus estimates of $0.84 by $0.05. Johnson Controls International had a return on equity of 17.15% and a net margin of 14.17%.The company had revenue of $5.80 billion for the quarter, compared to analyst estimates of $5.64 billion. During the same quarter in the previous year, the company earned $0.64 EPS. The firm's revenue for the quarter was up 6.8% compared to the same quarter last year. Research analysts anticipate that Johnson Controls International plc will post 4.75 earnings per share for the current year.

Johnson Controls International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 10th. Shareholders of record on Monday, March 16th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Monday, March 16th. Johnson Controls International's payout ratio is currently 30.13%.

Insider Buying and Selling at Johnson Controls International

In other Johnson Controls International news, VP Daniel C. Mcconeghy sold 3,600 shares of Johnson Controls International stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $142.56, for a total value of $513,216.00. Following the sale, the vice president owned 24,273 shares of the company's stock, valued at approximately $3,460,358.88. The trade was a 12.92% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mark Vergnano acquired 7,665 shares of the stock in a transaction on Thursday, February 5th. The stock was acquired at an average cost of $131.94 per share, for a total transaction of $1,011,320.10. Following the acquisition, the director directly owned 37,602 shares in the company, valued at $4,961,207.88. This represents a 25.60% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 0.29% of the stock is owned by corporate insiders.

Johnson Controls International Profile

Johnson Controls International plc is a global diversified technology and multi‑industrial company that develops products, services and solutions for buildings and energy storage. The company's core focus is on improving building efficiency, safety and sustainability through a combination of HVAC equipment, building controls and automation, fire and security systems, and related services. Johnson Controls traces its roots to 1885, when inventor Warren S. Johnson developed an electric room thermostat; over its long history the company has expanded from controls into a broad set of building‑related technologies and, through corporate transactions, into a global provider of integrated building solutions.

Johnson Controls' product and service portfolio includes heating, ventilation and air‑conditioning equipment, chillers, air handlers and related mechanical systems, together with building automation and control platforms that monitor and manage energy use, indoor environmental quality and security.

Want to see what other hedge funds are holding JCI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Johnson Controls International plc (NYSE:JCI - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.