Woodline Partners LP Sells 473,920 Shares of Johnson Controls International plc (NYSE:JCI)

Woodline Partners LP trimmed its position in shares of Johnson Controls International plc (NYSE:JCI - Free Report) by 97.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,215 shares of the company's stock after selling 473,920 shares during the period. Woodline Partners LP's holdings in Johnson Controls International were worth $1,043,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of JCI. Compass Financial Services Inc purchased a new stake in shares of Johnson Controls International during the fourth quarter worth $26,000. SBI Securities Co. Ltd. purchased a new stake in shares of Johnson Controls International during the fourth quarter worth $29,000. Synergy Asset Management LLC purchased a new stake in shares of Johnson Controls International during the fourth quarter worth $42,000. Crowley Wealth Management Inc. purchased a new stake in shares of Johnson Controls International during the fourth quarter worth $42,000. Finally, Gables Capital Management Inc. raised its holdings in shares of Johnson Controls International by 132.0% during the fourth quarter. Gables Capital Management Inc. now owns 580 shares of the company's stock worth $46,000 after acquiring an additional 330 shares in the last quarter. 90.05% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Johnson Controls International

In other news, VP Nathan D. Manning sold 1,422 shares of Johnson Controls International stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $79.72, for a total transaction of $113,361.84. Following the sale, the vice president now owns 145,502 shares of the company's stock, valued at approximately $11,599,419.44. This trade represents a 0.97% 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 George Oliver sold 15,669 shares of Johnson Controls International stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $77.49, for a total value of $1,214,190.81. Following the sale, the director now directly owns 1,003,893 shares in the company, valued at $77,791,668.57. The trade was a 1.54% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 331,133 shares of company stock valued at $27,845,646. 0.54% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on JCI shares. Royal Bank of Canada increased their price objective on Johnson Controls International from $82.00 to $98.00 and gave the stock a "sector perform" rating in a report on Thursday, May 8th. Vertical Research upgraded Johnson Controls International from a "hold" rating to a "buy" rating and set a $105.00 target price on the stock in a report on Thursday, May 8th. Wells Fargo & Company raised their target price on Johnson Controls International from $82.00 to $100.00 and gave the company an "overweight" rating in a report on Thursday, May 8th. JPMorgan Chase & Co. raised their target price on Johnson Controls International from $81.00 to $98.00 and gave the company an "overweight" rating in a report on Friday, May 16th. Finally, Morgan Stanley raised their target price on Johnson Controls International from $105.00 to $115.00 and gave the company an "overweight" rating in a report on Friday, May 9th. Eight investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, Johnson Controls International currently has a consensus rating of "Moderate Buy" and an average target price of $96.12.

Johnson Controls International Stock Performance

JCI traded down $0.97 during midday trading on Friday, reaching $101.17. The company's stock had a trading volume of 6,829,364 shares, compared to its average volume of 4,284,767. The stock has a market cap of $66.57 billion, a P/E ratio of 38.61, a PEG ratio of 1.96 and a beta of 1.28. The company has a fifty day simple moving average of $85.82 and a 200 day simple moving average of $83.58. The company has a current ratio of 1.02, a quick ratio of 0.86 and a debt-to-equity ratio of 0.50. Johnson Controls International plc has a twelve month low of $64.31 and a twelve month high of $102.36.

Johnson Controls International (NYSE:JCI - Get Free Report) last released its earnings results on Wednesday, May 7th. The company reported $0.82 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.77 by $0.05. The firm had revenue of $5.68 billion for the quarter, compared to analyst estimates of $5.64 billion. Johnson Controls International had a return on equity of 15.11% and a net margin of 6.83%. The company's revenue was up 1.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.78 EPS. Research analysts expect that Johnson Controls International plc will post 3.64 earnings per share for the current year.

Johnson Controls International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Monday, March 24th were issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 1.46%. The ex-dividend date was Monday, March 24th. Johnson Controls International's payout ratio is presently 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.