Johnson Controls International plc (NYSE:JCI) Shares Sold by Haverford Trust Co

Haverford Trust Co trimmed its stake in shares of Johnson Controls International plc (NYSE:JCI) by 2.0% during the 4th quarter, Holdings Channel reports. The fund owned 288,414 shares of the company’s stock after selling 5,887 shares during the quarter. Haverford Trust Co’s holdings in Johnson Controls International were worth $22,765,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of JCI. Raymond James Financial Inc. purchased a new position in Johnson Controls International during the fourth quarter worth approximately $568,309,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Johnson Controls International by 514.9% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,391,562 shares of the company’s stock valued at $418,439,000 after purchasing an additional 4,514,792 shares during the last quarter. Amundi lifted its stake in shares of Johnson Controls International by 76.7% in the fourth quarter. Amundi now owns 3,870,478 shares of the company’s stock worth $309,422,000 after buying an additional 1,680,431 shares in the last quarter. ANTIPODES PARTNERS Ltd grew its position in shares of Johnson Controls International by 391,951.9% in the fourth quarter. ANTIPODES PARTNERS Ltd now owns 1,215,361 shares of the company’s stock valued at $95,936,000 after purchasing an additional 1,215,051 shares in the last quarter. Finally, AMF Tjanstepension AB boosted its stake in Johnson Controls International by 500.7% during the fourth quarter. AMF Tjanstepension AB now owns 1,048,377 shares of the company’s stock worth $82,797,000 after buying an additional 873,841 shares during the last quarter. 90.05% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Johnson Controls International

In other news, VP Daniel C. Mcconeghy sold 1,950 shares of the firm’s stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $87.73, for a total transaction of $171,073.50. Following the sale, the vice president now owns 24,803 shares in the company, valued at $2,175,967.19. This trade represents a 7.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director George Oliver sold 15,669 shares of the company’s stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $77.49, for a total transaction of $1,214,190.81. Following the transaction, the director now directly owns 1,003,893 shares of the company’s stock, valued at approximately $77,791,668.57. This represents a 1.54 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 905,864 shares of company stock valued at $77,824,710. 0.54% of the stock is owned by corporate insiders.

Johnson Controls International Price Performance

Shares of JCI opened at $82.64 on Monday. The company has a market capitalization of $54.55 billion, a price-to-earnings ratio of 31.54, a price-to-earnings-growth ratio of 1.96 and a beta of 1.32. Johnson Controls International plc has a fifty-two week low of $59.83 and a fifty-two week high of $91.14. The firm has a 50-day simple moving average of $82.70 and a 200-day simple moving average of $80.17. 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) last posted its quarterly 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 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 announced a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Monday, March 24th will be paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 1.79%. The ex-dividend date is Monday, March 24th. Johnson Controls International’s payout ratio is currently 56.49%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on JCI shares. Argus raised shares of Johnson Controls International from a “hold” rating to a “buy” rating and set a $88.00 price target on the stock in a research note on Friday, December 20th. Melius Research reissued a “hold” rating and issued a $95.00 price objective on shares of Johnson Controls International in a research report on Tuesday, January 28th. UBS Group raised Johnson Controls International from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $90.00 to $103.00 in a research report on Monday, February 10th. JPMorgan Chase & Co. upped their price target on Johnson Controls International from $87.00 to $100.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Finally, Citigroup cut their price objective on shares of Johnson Controls International from $85.00 to $84.00 and set a “neutral” rating on the stock in a report on Monday, January 13th. Eight investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, Johnson Controls International currently has a consensus rating of “Moderate Buy” and a consensus target price of $91.27.

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.