Focus Partners Wealth cut its position in shares of Johnson Controls International plc (NYSE:JCI - Free Report) by 92.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 25,171 shares of the company's stock after selling 305,369 shares during the quarter. Focus Partners Wealth's holdings in Johnson Controls International were worth $1,994,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also modified their holdings of the company. Ensign Peak Advisors Inc boosted its position in Johnson Controls International by 44.2% during the 4th quarter. Ensign Peak Advisors Inc now owns 131,418 shares of the company's stock worth $10,373,000 after purchasing an additional 40,253 shares during the period. Ethic Inc. raised its holdings in shares of Johnson Controls International by 10.6% during the 4th quarter. Ethic Inc. now owns 108,175 shares of the company's stock valued at $8,538,000 after buying an additional 10,379 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new position in Johnson Controls International during the 4th quarter worth approximately $1,506,000. EP Wealth Advisors LLC boosted its holdings in Johnson Controls International by 3.1% in the 4th quarter. EP Wealth Advisors LLC now owns 11,907 shares of the company's stock worth $940,000 after acquiring an additional 362 shares during the period. Finally, Crestline Management LP grew its position in Johnson Controls International by 4.2% in the fourth quarter. Crestline Management LP now owns 58,872 shares of the company's stock valued at $4,647,000 after acquiring an additional 2,378 shares in the last quarter. 90.05% of the stock is owned by institutional investors and hedge funds.
Johnson Controls International Price Performance
Shares of NYSE JCI traded down $0.25 during trading on Tuesday, hitting $97.61. The company had a trading volume of 3,542,305 shares, compared to its average volume of 4,362,186. The company has a market cap of $64.23 billion, a P/E ratio of 37.26, a PEG ratio of 1.96 and a beta of 1.28. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.86 and a current ratio of 1.02. The business's 50-day moving average is $82.69 and its 200 day moving average is $82.48. Johnson Controls International plc has a 52 week low of $64.31 and a 52 week high of $98.33.
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 for the quarter, topping the consensus estimate of $0.77 by $0.05. Johnson Controls International had a net margin of 6.83% and a return on equity of 15.11%. The business had revenue of $5.68 billion for the quarter, compared to the consensus estimate of $5.64 billion. During the same period last year, the firm posted $0.78 earnings per share. The firm's quarterly revenue was up 1.4% compared to the same quarter last year. Equities research analysts predict that Johnson Controls International plc will post 3.64 earnings per share for the current fiscal year.
Johnson Controls International Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Monday, March 24th were paid a $0.37 dividend. The ex-dividend date was Monday, March 24th. This represents a $1.48 annualized dividend and a yield of 1.52%. Johnson Controls International's dividend payout ratio is presently 39.47%.
Insider Activity at Johnson Controls International
In related news, CFO Marc Vandiepenbeeck sold 28,289 shares of the stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $90.92, for a total transaction of $2,572,035.88. Following the completion of the sale, the chief financial officer now owns 147,673 shares in the company, valued at $13,426,429.16. This represents a 16.08% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director George Oliver sold 184,331 shares of the stock in a transaction on Wednesday, March 12th. The shares were 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 directly owns 1,019,562 shares of the company's stock, valued at approximately $81,044,983.38. This trade represents a 15.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 460,396 shares of company stock valued at $38,645,569. Insiders own 0.54% of the company's stock.
Analyst Ratings Changes
A number of equities research analysts recently weighed in on the stock. Oppenheimer raised their price target on shares of Johnson Controls International from $90.00 to $96.00 and gave the company an "outperform" rating in a report on Thursday, May 8th. Melius downgraded shares of Johnson Controls International from a "buy" rating to a "hold" rating and set a $95.00 price target for the company. in a research report on Tuesday, January 28th. Royal Bank of Canada upped their price target on shares of Johnson Controls International from $82.00 to $98.00 and gave the company a "sector perform" rating in a report on Thursday, May 8th. JPMorgan Chase & Co. raised their price objective on shares of Johnson Controls International from $81.00 to $98.00 and gave the stock an "overweight" rating in a report on Friday. Finally, Deutsche Bank Aktiengesellschaft upgraded Johnson Controls International from a "hold" rating to a "buy" rating and upped their price objective for the company from $101.00 to $112.00 in a research note on Monday, May 12th. Eight analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, Johnson Controls International presently has a consensus rating of "Moderate Buy" and an average price target of $95.35.
Get Our Latest Stock Report on JCI
Johnson Controls International Profile
(
Free Report)
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.
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