Meyer Handelman Co. Lowers Holdings in Johnson Controls International plc (NYSE:JCI)

Meyer Handelman Co. reduced its stake in shares of Johnson Controls International plc (NYSE:JCI - Free Report) by 19.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 92,385 shares of the company's stock after selling 22,217 shares during the quarter. Meyer Handelman Co.'s holdings in Johnson Controls International were worth $7,401,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of JCI. Raymond James Financial Inc. bought a new position in shares of Johnson Controls International in the fourth quarter worth approximately $568,309,000. Norges Bank purchased a new position in shares of Johnson Controls International in the fourth quarter worth $560,549,000. Invesco Ltd. increased its stake in shares of Johnson Controls International by 13.2% in the fourth 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 period. Amundi increased its stake in shares of Johnson Controls International by 76.7% in the fourth quarter. Amundi now owns 3,870,478 shares of the company's stock worth $309,422,000 after buying an additional 1,680,431 shares during the period. Finally, Franklin Resources Inc. increased its stake in shares of Johnson Controls International by 6.0% in 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. 90.05% of the stock is owned by institutional investors.

Johnson Controls International Stock Performance

NYSE:JCI traded down $1.06 during mid-day trading on Monday, reaching $100.31. The company's stock had a trading volume of 4,524,640 shares, compared to its average volume of 4,285,695. Johnson Controls International plc has a 12-month low of $64.31 and a 12-month high of $102.36. The firm's fifty day moving average price is $85.82 and its two-hundred day moving average price is $83.56. The company has a current ratio of 1.02, a quick ratio of 0.86 and a debt-to-equity ratio of 0.50. The stock has a market cap of $66.01 billion, a P/E ratio of 38.29, a PEG ratio of 1.96 and a beta of 1.28.

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 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 business had revenue of $5.68 billion during the quarter, compared to analyst estimates of $5.64 billion. During the same quarter in the previous year, the firm earned $0.78 EPS. Johnson Controls International's revenue was up 1.4% on a year-over-year basis. On average, equities analysts forecast that Johnson Controls International plc will post 3.64 EPS for the current fiscal year.

Johnson Controls International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Monday, March 24th were paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 1.48%. The ex-dividend date of this dividend was Monday, March 24th. Johnson Controls International's dividend payout ratio is presently 39.47%.

Insider Transactions at Johnson Controls International

In other Johnson Controls International news, Director George Oliver sold 184,331 shares of the business's stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $79.49, for a total transaction of $14,652,471.19. Following the completion of the sale, the director now owns 1,019,562 shares of the company's stock, valued at approximately $81,044,983.38. The trade was a 15.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Nathan D. Manning sold 1,422 shares of the business's stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $79.72, for a total value of $113,361.84. Following the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold 331,133 shares of company stock worth $27,845,646 in the last three months. Corporate insiders own 0.54% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on JCI shares. Oppenheimer lifted their target price on shares of Johnson Controls International from $90.00 to $96.00 and gave the stock an "outperform" rating in a research note on Thursday, May 8th. UBS Group reiterated a "buy" rating and issued a $116.00 price target (up previously from $103.00) on shares of Johnson Controls International in a report on Thursday, May 22nd. Vertical Research upgraded shares of Johnson Controls International from a "hold" rating to a "buy" rating and set a $105.00 price target on the stock in a report on Thursday, May 8th. Robert W. Baird lifted their price target on shares of Johnson Controls International from $84.00 to $90.00 and gave the company a "neutral" rating in a report on Thursday, May 8th. Finally, Morgan Stanley lifted their price target on shares of Johnson Controls International from $105.00 to $115.00 and gave the company an "overweight" rating in a report on Friday, May 9th. Eight research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, Johnson Controls International has a consensus rating of "Moderate Buy" and a consensus price target of $96.12.

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.