Johnson Controls International plc (NYSE:JCI) Shares Sold by Interval Partners LP

Interval Partners LP cut its stake in shares of Johnson Controls International plc (NYSE:JCI - Free Report) by 28.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 106,500 shares of the company's stock after selling 41,770 shares during the quarter. Interval Partners LP's holdings in Johnson Controls International were worth $8,406,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Barclays PLC lifted its stake in Johnson Controls International by 6.7% during the third quarter. Barclays PLC now owns 1,685,322 shares of the company's stock worth $130,797,000 after purchasing an additional 105,194 shares during the last quarter. Diversified Trust Co purchased a new stake in Johnson Controls International during the fourth quarter worth approximately $215,000. ST Germain D J Co. Inc. lifted its stake in Johnson Controls International by 32.8% during the fourth quarter. ST Germain D J Co. Inc. now owns 543 shares of the company's stock worth $43,000 after purchasing an additional 134 shares during the last quarter. Graypoint LLC lifted its stake in Johnson Controls International by 4.1% during the fourth quarter. Graypoint LLC now owns 3,277 shares of the company's stock worth $259,000 after purchasing an additional 130 shares during the last quarter. Finally, Czech National Bank lifted its stake in Johnson Controls International by 6.4% during the fourth quarter. Czech National Bank now owns 144,839 shares of the company's stock worth $11,432,000 after purchasing an additional 8,758 shares during the last quarter. 90.05% of the stock is owned by institutional investors and hedge funds.

Johnson Controls International Stock Performance

JCI traded up $0.30 during trading on Thursday, reaching $96.65. The company's stock had a trading volume of 2,544,770 shares, compared to its average volume of 4,387,616. Johnson Controls International plc has a 52-week low of $64.31 and a 52-week high of $97.11. The company's fifty day moving average price is $81.52 and its 200-day moving average price is $81.96. The company has a market capitalization of $63.60 billion, a price-to-earnings ratio of 36.89, a price-to-earnings-growth 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.

Johnson Controls International (NYSE:JCI - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $5.68 billion for the quarter, compared to analyst estimates of $5.64 billion. During the same quarter in the prior year, the company posted $0.78 earnings per share. Johnson Controls International's quarterly 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 earnings per share for the current fiscal year.

Johnson Controls International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Monday, March 24th were issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date was Monday, March 24th. Johnson Controls International's dividend payout ratio is presently 39.47%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on JCI. Barclays boosted their target price on Johnson Controls International from $85.00 to $90.00 and gave the stock an "equal weight" rating in a research note on Wednesday. Melius cut Johnson Controls International from a "buy" rating to a "hold" rating and set a $95.00 price objective for the company. in a research note on Tuesday, January 28th. Citigroup reduced their price objective on Johnson Controls International from $95.00 to $85.00 and set a "neutral" rating for the company in a research note on Monday, April 14th. Oppenheimer boosted their price objective on Johnson Controls International from $90.00 to $96.00 and gave the company an "outperform" rating in a research note on Thursday, May 8th. Finally, Morgan Stanley boosted their price objective on Johnson Controls International from $105.00 to $115.00 and gave the company an "overweight" rating in a research note on Friday, May 9th. Eight analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat.com, Johnson Controls International currently has an average rating of "Moderate Buy" and a consensus price target of $94.35.

Insider Buying and Selling

In related news, VP Nathan D. Manning sold 1,422 shares of the company's stock in a transaction on 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 of the company's stock, valued at $12,576,224.64. This represents a 0.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO George Oliver sold 129,263 shares of the company's stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $83.55, for a total value of $10,799,923.65. Following the transaction, the chief executive officer now directly owns 1,203,893 shares in the company, valued at $100,585,260.15. This represents a 9.70% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 623,290 shares of company stock valued at $53,188,746 over the last quarter. Company insiders own 0.54% of the company's stock.

About Johnson Controls International

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.