Moore Capital Management LP Decreases Holdings in Johnson Controls International plc (NYSE:JCI)

Moore Capital Management LP reduced its stake in shares of Johnson Controls International plc (NYSE:JCI - Free Report) by 77.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 121,659 shares of the company's stock after selling 416,660 shares during the quarter. Moore Capital Management LP's holdings in Johnson Controls International were worth $9,603,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the company. Gilbert & Cook Inc. raised its stake in Johnson Controls International by 2.0% during the fourth quarter. Gilbert & Cook Inc. now owns 6,458 shares of the company's stock worth $510,000 after acquiring an additional 127 shares in the last quarter. Jackson Hole Capital Partners LLC grew its stake in shares of Johnson Controls International by 0.7% during the fourth quarter. Jackson Hole Capital Partners LLC now owns 18,621 shares of the company's stock valued at $1,470,000 after purchasing an additional 127 shares during the last quarter. Graypoint LLC increased its stake in shares of Johnson Controls International by 4.1% in the 4th 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. raised its stake in shares of 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 buying an additional 134 shares during the last quarter. Finally, Brooklyn Investment Group increased its holdings in Johnson Controls International by 3.1% in the fourth quarter. Brooklyn Investment Group now owns 4,444 shares of the company's stock valued at $351,000 after purchasing an additional 135 shares during the last quarter. Hedge funds and other institutional investors own 90.05% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Barclays upped their price objective on Johnson Controls International from $85.00 to $90.00 and gave the stock an "equal weight" rating in a research report on Wednesday. Deutsche Bank Aktiengesellschaft raised Johnson Controls International from a "hold" rating to a "buy" rating and boosted their price target for the stock from $101.00 to $112.00 in a research report on Monday. 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 research note on Thursday, May 8th. Robert W. Baird boosted their target price on shares of Johnson Controls International from $84.00 to $90.00 and gave the company a "neutral" rating in a research report on Thursday, May 8th. Finally, Royal Bank of Canada lifted 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 research report on Thursday, May 8th. Eight investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $94.35.

Insider Buying and Selling at Johnson Controls International

In related news, VP Nathan D. Manning sold 1,422 shares of the stock in a transaction dated Thursday, May 1st. The shares were 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 in the company, valued at $12,576,224.64. This trade represents a 0.97% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director George Oliver sold 100,000 shares of the firm's stock in a transaction on Friday, May 9th. The shares were sold at an average price of $91.70, for a total value of $9,170,000.00. Following the transaction, the director now owns 904,305 shares of the company's stock, valued at $82,924,768.50. The trade was a 9.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 623,290 shares of company stock valued at $53,188,746 in the last quarter. 0.54% of the stock is currently owned by corporate insiders.

Johnson Controls International Trading Up 0.3%

Shares of Johnson Controls International stock traded up $0.30 during midday trading on Thursday, reaching $96.65. The company had a trading volume of 2,544,770 shares, compared to its average volume of 4,381,321. The firm has a market cap of $63.60 billion, a PE ratio of 36.89, a P/E/G ratio of 1.96 and a beta of 1.28. The stock has a fifty day moving average price of $81.52 and a 200 day moving average price of $81.96. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.02 and a quick ratio of 0.86. Johnson Controls International plc has a fifty-two week low of $64.31 and a fifty-two week high of $97.11.

Johnson Controls International (NYSE:JCI - Get Free Report) last issued its quarterly earnings data 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 during the quarter, compared to analysts' expectations of $5.64 billion. Johnson Controls International had a net margin of 6.83% and a return on equity of 15.11%. The business's revenue was up 1.4% on a year-over-year basis. During the same period last year, the company earned $0.78 earnings per share. On average, equities analysts anticipate that Johnson Controls International plc will post 3.64 earnings per share for the current year.

Johnson Controls International Dividend Announcement

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

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.