Johnson Controls International plc (NYSE:JCI) Holdings Lowered by Intech Investment Management LLC

Intech Investment Management LLC lowered its stake in Johnson Controls International plc (NYSE:JCI) by 25.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 90,456 shares of the company’s stock after selling 30,075 shares during the quarter. Intech Investment Management LLC’s holdings in Johnson Controls International were worth $5,214,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. NBC Securities Inc. acquired a new position in Johnson Controls International in the 3rd quarter worth approximately $26,000. Victory Capital Management Inc. boosted its position in Johnson Controls International by 10.5% during the 3rd quarter. Victory Capital Management Inc. now owns 680,086 shares of the company’s stock worth $36,187,000 after acquiring an additional 64,464 shares during the period. LGT Group Foundation grew its stake in Johnson Controls International by 28.3% during the 3rd quarter. LGT Group Foundation now owns 33,162 shares of the company’s stock valued at $1,737,000 after acquiring an additional 7,312 shares in the last quarter. PFG Investments LLC increased its holdings in shares of Johnson Controls International by 8.3% in the 3rd quarter. PFG Investments LLC now owns 6,497 shares of the company’s stock valued at $346,000 after purchasing an additional 499 shares during the period. Finally, HM Payson & Co. lifted its position in shares of Johnson Controls International by 34.0% in the third quarter. HM Payson & Co. now owns 6,572 shares of the company’s stock worth $350,000 after purchasing an additional 1,667 shares in the last quarter. Institutional investors and hedge funds own 90.05% of the company’s stock.

Insiders Place Their Bets

In other news, COO Nathan D. Manning sold 3,000 shares of the firm’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $62.86, for a total value of $188,580.00. Following the transaction, the chief operating officer now owns 106,891 shares of the company’s stock, valued at approximately $6,719,168.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Juergen Tinggren sold 4,000 shares of the stock in a transaction on Monday, May 6th. The stock was sold at an average price of $62.31, for a total value of $249,240.00. Following the transaction, the director now owns 30,120 shares of the company’s stock, valued at approximately $1,876,777.20. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Nathan D. Manning sold 3,000 shares of Johnson Controls International stock in a transaction on Monday, May 6th. The stock was sold at an average price of $62.86, for a total value of $188,580.00. Following the sale, the chief operating officer now directly owns 106,891 shares of the company’s stock, valued at $6,719,168.26. The disclosure for this sale can be found here. In the last three months, insiders sold 17,272 shares of company stock valued at $1,108,229. 0.69% of the stock is currently owned by insiders.

Johnson Controls International Price Performance

Shares of Johnson Controls International stock traded up $0.64 during trading on Friday, reaching $73.90. The company’s stock had a trading volume of 4,473,217 shares, compared to its average volume of 6,815,843. Johnson Controls International plc has a one year low of $47.90 and a one year high of $74.23. The stock has a 50-day moving average price of $65.59 and a two-hundred day moving average price of $59.24. The company has a current ratio of 0.87, a quick ratio of 0.65 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $49.78 billion, a P/E ratio of 29.92, a price-to-earnings-growth ratio of 1.90 and a beta of 1.23.

Johnson Controls International (NYSE:JCI) last released its quarterly earnings results on Wednesday, May 1st. The company reported $0.78 EPS for the quarter, beating the consensus estimate of $0.75 by $0.03. Johnson Controls International had a net margin of 6.32% and a return on equity of 13.21%. The business had revenue of $6.70 billion for the quarter, compared to analysts’ expectations of $7.51 billion. During the same period in the prior year, the firm earned $0.75 earnings per share. Johnson Controls International’s revenue was down 6.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Johnson Controls International plc will post 3.59 EPS for the current fiscal year.

Johnson Controls International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 19th. Investors of record on Monday, March 25th were given a $0.37 dividend. The ex-dividend date of this dividend was Friday, March 22nd. This represents a $1.48 dividend on an annualized basis and a yield of 2.00%. Johnson Controls International’s payout ratio is 59.92%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Barclays cut their target price on shares of Johnson Controls International from $61.00 to $59.00 and set an “equal weight” rating for the company in a research report on Thursday, May 2nd. Mizuho lowered Johnson Controls International from a “buy” rating to a “neutral” rating and set a $62.00 price objective on the stock. in a research note on Friday, February 23rd. UBS Group downgraded Johnson Controls International from a “buy” rating to a “neutral” rating and decreased their target price for the company from $74.00 to $68.00 in a research note on Monday, May 6th. Wells Fargo & Company lifted their price target on Johnson Controls International from $64.00 to $73.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 2nd. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $60.00 price objective (down previously from $65.00) on shares of Johnson Controls International in a report on Wednesday, January 31st. One analyst has rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $63.00.

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.