Intech Investment Management LLC Sells 6,894 Shares of Johnson Controls International plc (NYSE:JCI)

Intech Investment Management LLC lessened its holdings in shares of Johnson Controls International plc (NYSE:JCI) by 17.0% during the 4th quarter, Holdings Channel reports. The firm owned 33,698 shares of the company’s stock after selling 6,894 shares during the period. Intech Investment Management LLC’s holdings in Johnson Controls International were worth $2,660,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Compass Financial Services Inc bought a new stake in Johnson Controls International during the 4th quarter valued at approximately $26,000. SBI Securities Co. Ltd. bought a new stake in Johnson Controls International during the 4th quarter valued at approximately $29,000. Synergy Asset Management LLC bought a new stake in Johnson Controls International during the 4th quarter valued at approximately $42,000. ST Germain D J Co. Inc. raised its stake in Johnson Controls International by 32.8% during the 4th quarter. ST Germain D J Co. Inc. now owns 543 shares of the company’s stock valued at $43,000 after purchasing an additional 134 shares during the period. Finally, Gables Capital Management Inc. raised its stake in Johnson Controls International by 132.0% during the 4th quarter. Gables Capital Management Inc. now owns 580 shares of the company’s stock valued at $46,000 after purchasing an additional 330 shares during the period. Institutional investors own 90.05% of the company’s stock.

Insider Activity at Johnson Controls International

In related news, VP Nathan D. Manning sold 1,421 shares of the business’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $76.44, for a total transaction of $108,621.24. Following the completion of the transaction, the vice president now owns 148,346 shares in the company, valued at $11,339,568.24. The trade was a 0.95 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director George Oliver sold 15,669 shares of the business’s stock in a transaction on Friday, March 14th. The shares were sold at an average price of $77.49, for a total value of $1,214,190.81. Following the transaction, the director now owns 1,003,893 shares of the company’s stock, valued at approximately $77,791,668.57. The trade was a 1.54 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 906,050 shares of company stock worth $77,839,329 in the last quarter. 0.54% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have issued reports on JCI. StockNews.com downgraded Johnson Controls International from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th. Melius downgraded Johnson Controls International from a “buy” rating to a “hold” rating and set a $95.00 price objective on the stock. in a research note on Tuesday, January 28th. Argus raised Johnson Controls International from a “hold” rating to a “buy” rating and set a $88.00 price objective on the stock in a research note on Friday, December 20th. UBS Group raised Johnson Controls International from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $90.00 to $103.00 in a research note on Monday, February 10th. Finally, Royal Bank of Canada lifted their price objective 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. Eight equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, Johnson Controls International presently has a consensus rating of “Moderate Buy” and a consensus price target of $91.27.

Johnson Controls International Stock Performance

NYSE JCI opened at $82.91 on Thursday. The business’s 50 day moving average price is $82.56 and its 200-day moving average price is $79.95. Johnson Controls International plc has a fifty-two week low of $59.83 and a fifty-two week high of $91.14. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.86 and a current ratio of 1.02. The company has a market cap of $54.73 billion, a P/E ratio of 31.64, a P/E/G ratio of 1.96 and a beta of 1.32.

Johnson Controls International (NYSE:JCI) last posted its quarterly earnings data on Wednesday, February 5th. The company reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.59 by $0.05. Johnson Controls International had a return on equity of 15.11% and a net margin of 6.83%. Sell-side analysts predict that Johnson Controls International plc will post 3.64 earnings per share for the current year.

Johnson Controls International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Monday, March 24th will be issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 1.79%. The ex-dividend date of this dividend is Monday, March 24th. Johnson Controls International’s payout ratio is currently 56.49%.

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.