Johnson Controls International plc (NYSE:JCI) Shares Sold by Ameriprise Financial Inc.

Ameriprise Financial Inc. trimmed its holdings in Johnson Controls International plc (NYSE:JCI - Free Report) by 7.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,667,971 shares of the company's stock after selling 141,059 shares during the period. Ameriprise Financial Inc. owned 0.25% of Johnson Controls International worth $131,679,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Gilbert & Cook Inc. grew its position in Johnson Controls International by 2.0% during the fourth quarter. Gilbert & Cook Inc. now owns 6,458 shares of the company's stock valued at $510,000 after acquiring an additional 127 shares during the period. Jackson Hole Capital Partners LLC increased its position in Johnson Controls International by 0.7% during the 4th quarter. Jackson Hole Capital Partners LLC now owns 18,621 shares of the company's stock worth $1,470,000 after purchasing an additional 127 shares in the last quarter. Graypoint LLC raised its holdings in Johnson Controls International by 4.1% in the fourth quarter. Graypoint LLC now owns 3,277 shares of the company's stock valued at $259,000 after buying an additional 130 shares during the period. ST Germain D J Co. Inc. lifted its position 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 valued at $43,000 after buying an additional 134 shares in the last quarter. Finally, Brooklyn Investment Group lifted its position in Johnson Controls International by 3.1% during the fourth quarter. Brooklyn Investment Group now owns 4,444 shares of the company's stock valued at $351,000 after buying an additional 135 shares in the last quarter. Hedge funds and other institutional investors own 90.05% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on JCI shares. Royal Bank of Canada raised their target price on shares of Johnson Controls International from $86.00 to $93.00 and gave the company a "sector perform" rating in a research note on Thursday, February 6th. UBS Group raised shares of Johnson Controls International from a "neutral" rating to a "buy" rating and raised their price target for the company from $90.00 to $103.00 in a report on Monday, February 10th. Morgan Stanley upped their price objective on shares of Johnson Controls International from $95.00 to $105.00 and gave the company an "overweight" rating in a research report on Thursday, February 6th. JPMorgan Chase & Co. dropped their target price on Johnson Controls International from $100.00 to $81.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Finally, Citigroup reduced their price target on Johnson Controls International from $95.00 to $85.00 and set a "neutral" rating for the company in a report on Monday, April 14th. Eight analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $90.07.

Johnson Controls International Trading Up 1.0 %

NYSE JCI opened at $89.68 on Thursday. The firm has a market capitalization of $59.20 billion, a PE ratio of 34.23, a price-to-earnings-growth ratio of 1.96 and a beta of 1.28. Johnson Controls International plc has a one year low of $64.19 and a one year high of $91.14. The company has a 50-day simple moving average of $80.23 and a 200-day simple moving average of $81.36. 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 posted its earnings results on Wednesday, May 7th. The company reported $0.82 EPS for the quarter, beating the consensus estimate of $0.77 by $0.05. The company had revenue of $5.68 billion during 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 business's revenue was up 1.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.78 earnings per share. On average, equities analysts forecast that Johnson Controls International plc will post 3.64 earnings per share for the current year.

Johnson Controls International Dividend Announcement

The business 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 dividend on an annualized basis and a yield of 1.65%. The ex-dividend date was Monday, March 24th. Johnson Controls International's payout ratio is 56.49%.

Insider Activity

In other news, CEO George Oliver sold 205,168 shares of the business's stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $88.03, for a total transaction of $18,060,939.04. Following the completion of the transaction, the chief executive officer now directly owns 1,260,527 shares in the company, valued at approximately $110,964,191.81. The trade was a 14.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Nathan D. Manning sold 1,422 shares of the stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $86.91, for a total value of $123,586.02. Following the completion of the transaction, the vice president now directly owns 144,704 shares of the company's stock, valued at $12,576,224.64. This trade represents a 0.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 905,337 shares of company stock valued at $77,781,963. 0.54% of the stock is currently owned by company insiders.

Johnson Controls International 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.

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