Amalgamated Bank Reduces Stake in Johnson Controls International plc (NYSE:JCI)

Amalgamated Bank cut its stake in shares of Johnson Controls International plc (NYSE:JCI) by 2.3% during the fourth quarter, HoldingsChannel reports. The firm owned 130,775 shares of the company’s stock after selling 3,038 shares during the quarter. Amalgamated Bank’s holdings in Johnson Controls International were worth $10,322,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Compass Financial Services Inc bought a new position in shares of Johnson Controls International during the 4th quarter valued at approximately $26,000. Fortitude Family Office LLC boosted its stake in Johnson Controls International by 195.8% during the third quarter. Fortitude Family Office LLC now owns 420 shares of the company’s stock worth $33,000 after buying an additional 278 shares during the period. Synergy Asset Management LLC purchased a new position in Johnson Controls International during the fourth quarter worth $42,000. ST Germain D J Co. Inc. increased 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 acquiring an additional 134 shares during the last quarter. Finally, Western Pacific Wealth Management LP purchased a new stake in shares of Johnson Controls International in the third quarter valued at $44,000. 90.05% of the stock is currently owned by hedge funds and other institutional investors.

Johnson Controls International Stock Performance

Shares of Johnson Controls International stock opened at $83.87 on Wednesday. The company has a current ratio of 1.02, a quick ratio of 0.86 and a debt-to-equity ratio of 0.50. The stock’s fifty day moving average price is $82.10 and its 200-day moving average price is $78.78. The firm has a market cap of $55.36 billion, a P/E ratio of 32.01, a P/E/G ratio of 1.96 and a beta of 1.32. Johnson Controls International plc has a 12 month low of $58.15 and a 12 month high of $91.14.

Johnson Controls International (NYSE:JCI) last issued its earnings results on Wednesday, February 5th. The company reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.59 by $0.05. Johnson Controls International had a net margin of 6.83% and a return on equity of 15.11%. On average, equities research analysts expect 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 Friday, January 17th. Investors of record on Monday, December 23rd were issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 1.76%. The ex-dividend date was Monday, December 23rd. Johnson Controls International’s payout ratio is 56.49%.

Insider Buying and Selling

In other Johnson Controls International news, CEO George Oliver sold 124,497 shares of the business’s stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $82.67, for a total value of $10,292,166.99. Following the completion of the transaction, the chief executive officer now directly owns 1,267,716 shares in the company, valued at approximately $104,802,081.72. The trade was a 8.94 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Daniel C. Mcconeghy sold 1,950 shares of the firm’s stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $87.73, for a total transaction of $171,073.50. Following the completion of the sale, the vice president now owns 24,803 shares in the company, valued at $2,175,967.19. This represents a 7.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 708,700 shares of company stock valued at $62,083,088 over the last 90 days. Corporate insiders own 0.54% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on JCI. Barclays lifted their price target on shares of Johnson Controls International from $75.00 to $83.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 5th. Wells Fargo & Company boosted their target price on Johnson Controls International from $92.00 to $98.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Melius Research reaffirmed a “hold” rating and set a $95.00 target price on shares of Johnson Controls International in a research note on Tuesday, January 28th. Royal Bank of Canada raised their price target on Johnson Controls International from $86.00 to $93.00 and gave the stock a “sector perform” rating in a research note on Thursday, February 6th. Finally, Citigroup cut their price objective on Johnson Controls International from $85.00 to $84.00 and set a “neutral” rating on the stock in a research report on Monday, January 13th. Eight investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $91.13.

Johnson Controls International Company 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.