Johnson Controls International plc (NYSE:JCI) Shares Sold by Investment Management Corp of Ontario

Investment Management Corp of Ontario lessened its stake in Johnson Controls International plc (NYSE:JCI) by 17.0% in the 4th quarter, Holdings Channel.com reports. The firm owned 18,549 shares of the company’s stock after selling 3,800 shares during the period. Investment Management Corp of Ontario’s holdings in Johnson Controls International were worth $1,464,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in JCI. Vanguard Group Inc. grew its position in Johnson Controls International by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 68,156,110 shares of the company’s stock worth $5,379,562,000 after acquiring an additional 179,743 shares during the period. Franklin Resources Inc. grew its position in 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 acquiring an additional 1,325,500 shares during the period. Invesco Ltd. boosted its position in shares of Johnson Controls International by 13.2% during 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. Fisher Asset Management LLC boosted its position in shares of Johnson Controls International by 2.9% during the fourth quarter. Fisher Asset Management LLC now owns 15,743,019 shares of the company’s stock worth $1,242,597,000 after buying an additional 447,513 shares during the period. Finally, Geode Capital Management LLC boosted its position in shares of Johnson Controls International by 2.5% during the fourth quarter. Geode Capital Management LLC now owns 13,818,777 shares of the company’s stock worth $1,087,670,000 after buying an additional 343,517 shares during the period. Institutional investors and hedge funds own 90.05% of the company’s stock.

Johnson Controls International Trading Up 0.8%

Shares of Johnson Controls International stock opened at $91.96 on Monday. Johnson Controls International plc has a fifty-two week low of $64.31 and a fifty-two week high of $97.30. The firm has a market cap of $60.51 billion, a PE ratio of 35.10, a P/E/G ratio of 1.96 and a beta of 1.28. The business’s fifty day moving average is $80.63 and its two-hundred day moving average is $81.64. The company has a quick ratio of 0.86, a current ratio of 1.02 and a debt-to-equity ratio of 0.50.

Johnson Controls International (NYSE:JCI) last issued 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. The business had revenue of $5.68 billion for 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 quarterly revenue was up 1.4% on a year-over-year basis. During the same period last year, the company posted $0.78 EPS. Analysts anticipate 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 declared a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Monday, March 24th were issued a $0.37 dividend. The ex-dividend date was Monday, March 24th. This represents a $1.48 annualized dividend and a yield of 1.61%. Johnson Controls International’s dividend payout ratio is currently 39.47%.

Insider Activity at Johnson Controls International

In other news, CEO George Oliver sold 129,263 shares of the firm’s stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $83.55, for a total transaction of $10,799,923.65. Following the completion of the sale, the chief executive officer now directly owns 1,203,893 shares in the company, valued at $100,585,260.15. This trade represents a 9.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Nathan D. Manning sold 1,422 shares of Johnson Controls International stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $79.72, for a total value of $113,361.84. Following the completion of the transaction, the vice president now owns 145,502 shares of the company’s stock, valued at $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. In the last three months, insiders sold 523,290 shares of company stock worth $44,018,746. Corporate insiders own 0.54% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on JCI. Robert W. Baird lifted their target price on Johnson Controls International from $84.00 to $90.00 and gave the company a “neutral” rating in a report on Thursday. Morgan Stanley lifted their target price on Johnson Controls International from $105.00 to $115.00 and gave the stock an “overweight” rating in a research report on Friday. Wells Fargo & Company lifted their target price on Johnson Controls International from $82.00 to $100.00 and gave the stock an “overweight” rating in a research report on Thursday. Barclays cut their target price on Johnson Controls International from $88.00 to $85.00 and set an “equal weight” rating on the stock in a research report on Monday, March 10th. Finally, Citigroup cut their target price on Johnson Controls International from $95.00 to $85.00 and set a “neutral” rating on the stock in a research report on Monday, April 14th. Eight investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $92.94.

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.