Rempart Asset Management Inc. Decreases Holdings in Johnson Controls International plc (NYSE:JCI)

Rempart Asset Management Inc. lowered its stake in Johnson Controls International plc (NYSE:JCI - Free Report) by 1.9% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 270,038 shares of the company's stock after selling 5,340 shares during the quarter. Johnson Controls International makes up about 4.5% of Rempart Asset Management Inc.'s holdings, making the stock its 10th biggest position. Rempart Asset Management Inc.'s holdings in Johnson Controls International were worth $21,633,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of Johnson Controls International by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 68,156,110 shares of the company's stock worth $5,379,562,000 after purchasing an additional 179,743 shares during the period. Franklin Resources Inc. lifted its position in Johnson Controls International by 6.0% during the fourth quarter. Franklin Resources Inc. now owns 23,344,374 shares of the company's stock worth $1,842,571,000 after buying an additional 1,325,500 shares during the period. Invesco Ltd. boosted its stake in Johnson Controls International by 13.2% in the 4th quarter. Invesco Ltd. now owns 18,407,597 shares of the company's stock worth $1,452,912,000 after buying an additional 2,150,573 shares during the last quarter. Fisher Asset Management LLC grew its holdings in Johnson Controls International by 2.9% in the 4th quarter. Fisher Asset Management LLC now owns 15,743,019 shares of the company's stock valued at $1,242,597,000 after buying an additional 447,513 shares during the period. Finally, Geode Capital Management LLC increased its stake in shares of Johnson Controls International by 2.5% during the 4th quarter. Geode Capital Management LLC now owns 13,818,777 shares of the company's stock valued at $1,087,670,000 after acquiring an additional 343,517 shares during the last quarter. Institutional investors and hedge funds own 90.05% of the company's stock.

Insiders Place Their Bets

In other Johnson Controls International news, Director George Oliver sold 100,000 shares of the firm's stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $91.70, for a total value of $9,170,000.00. Following the completion of the transaction, the director now directly owns 904,305 shares in the company, valued at $82,924,768.50. This trade represents a 9.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Nathan D. Manning sold 1,422 shares of the business's stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $86.91, for a total transaction of $123,586.02. Following the transaction, the vice president now owns 144,704 shares in the company, valued at $12,576,224.64. This represents a 0.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 331,133 shares of company stock valued at $27,845,646 in the last quarter. 0.54% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on JCI shares. Wells Fargo & Company increased their target price on Johnson Controls International from $82.00 to $100.00 and gave the stock an "overweight" rating in a research report on Thursday, May 8th. Barclays raised their price objective on Johnson Controls International from $85.00 to $90.00 and gave the stock an "equal weight" rating in a report on Wednesday, May 14th. Oppenheimer boosted their target price on Johnson Controls International from $90.00 to $96.00 and gave the stock an "outperform" rating in a report on Thursday, May 8th. Robert W. Baird increased their target price on shares of Johnson Controls International from $84.00 to $90.00 and gave the stock a "neutral" rating in a research report on Thursday, May 8th. Finally, UBS Group reaffirmed a "buy" rating and set a $116.00 price target (up from $103.00) on shares of Johnson Controls International in a research report on Thursday, May 22nd. Eight investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, Johnson Controls International currently has a consensus rating of "Moderate Buy" and a consensus target price of $96.12.

Johnson Controls International Trading Down 0.9%

JCI stock traded down $0.97 during midday trading on Friday, reaching $101.17. The stock had a trading volume of 6,829,364 shares, compared to its average volume of 4,291,993. The firm has a market cap of $66.57 billion, a price-to-earnings ratio of 38.61, a PEG ratio of 1.96 and a beta of 1.28. Johnson Controls International plc has a twelve month low of $64.31 and a twelve month high of $102.36. The company has a quick ratio of 0.86, a current ratio of 1.02 and a debt-to-equity ratio of 0.50. The business has a fifty day simple moving average of $85.82 and a two-hundred day simple moving average of $83.59.

Johnson Controls International (NYSE:JCI - Get Free Report) last issued its earnings results on Wednesday, May 7th. The company reported $0.82 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.77 by $0.05. Johnson Controls International had a return on equity of 15.11% and a net margin of 6.83%. The firm had revenue of $5.68 billion for the quarter, compared to analysts' expectations of $5.64 billion. During the same quarter last year, the business earned $0.78 earnings per share. The company's revenue was up 1.4% compared to the same quarter last year. As a group, research analysts expect 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. Shareholders of record on Monday, March 24th were paid a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 1.46%. The ex-dividend date of this dividend was Monday, March 24th. Johnson Controls International's payout ratio is 39.47%.

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.