Johnson Controls International plc (NYSE:JCI) Shares Sold by Rempart Asset Management Inc.

Rempart Asset Management Inc. reduced its stake in shares of Johnson Controls International plc (NYSE:JCI) by 2.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 275,378 shares of the company’s stock after selling 7,940 shares during the quarter. Johnson Controls International comprises about 4.3% of Rempart Asset Management Inc.’s investment portfolio, making the stock its 11th largest holding. Rempart Asset Management Inc.’s holdings in Johnson Controls International were worth $21,736,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Fortitude Family Office LLC lifted its stake in shares of Johnson Controls International by 195.8% in the 3rd quarter. Fortitude Family Office LLC now owns 420 shares of the company’s stock worth $33,000 after acquiring an additional 278 shares during the period. Wolff Wiese Magana LLC lifted its position in Johnson Controls International by 977.3% in the third quarter. Wolff Wiese Magana LLC now owns 474 shares of the company’s stock worth $37,000 after purchasing an additional 430 shares during the period. Western Pacific Wealth Management LP bought a new position in Johnson Controls International during the 3rd quarter valued at $44,000. Larson Financial Group LLC increased its position in shares of Johnson Controls International by 169.3% during the 3rd quarter. Larson Financial Group LLC now owns 738 shares of the company’s stock valued at $57,000 after purchasing an additional 464 shares during the period. Finally, Ashton Thomas Securities LLC bought a new stake in shares of Johnson Controls International in the 3rd quarter worth $61,000. Institutional investors and hedge funds own 90.05% of the company’s stock.

Johnson Controls International Stock Down 0.1 %

JCI stock traded down $0.11 during midday trading on Wednesday, reaching $79.06. The company had a trading volume of 226,636 shares, compared to its average volume of 1,801,438. The company has a 50 day moving average of $81.66 and a two-hundred day moving average of $75.08. The company has a current ratio of 0.94, a quick ratio of 0.79 and a debt-to-equity ratio of 0.46. Johnson Controls International plc has a 1 year low of $51.71 and a 1 year high of $87.16. The company has a market capitalization of $52.35 billion, a P/E ratio of 31.13, a PEG ratio of 2.31 and a beta of 1.32.

Johnson Controls International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Monday, December 23rd will be paid a $0.37 dividend. The ex-dividend date is Monday, December 23rd. This represents a $1.48 dividend on an annualized basis and a yield of 1.87%. Johnson Controls International’s dividend payout ratio (DPR) is currently 58.27%.

Analysts Set New Price Targets

Several brokerages have commented on JCI. Mizuho boosted their price target on shares of Johnson Controls International from $62.00 to $75.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. Barclays raised their target price on shares of Johnson Controls International from $75.00 to $83.00 and gave the stock an “equal weight” rating in a report on Thursday, December 5th. UBS Group assumed coverage on Johnson Controls International in a research report on Wednesday, November 13th. They set a “neutral” rating and a $90.00 price objective for the company. Wells Fargo & Company decreased their target price on Johnson Controls International from $95.00 to $92.00 and set an “overweight” rating on the stock in a report on Tuesday. Finally, StockNews.com downgraded Johnson Controls International from a “buy” rating to a “hold” rating in a report on Wednesday, November 20th. Ten research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $81.07.

Insider Transactions at Johnson Controls International

In other Johnson Controls International news, EVP Marlon Sullivan sold 7,230 shares of the business’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $83.35, for a total transaction of $602,620.50. Following the completion of the transaction, the executive vice president now owns 32,246 shares of the company’s stock, valued at $2,687,704.10. The trade was a 18.31 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO George Oliver sold 224,152 shares of the stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $82.72, for a total value of $18,541,853.44. Following the sale, the chief executive officer now owns 1,166,992 shares of the company’s stock, valued at approximately $96,533,578.24. The trade was a 16.11 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 758,588 shares of company stock valued at $62,480,987 in the last three months. Corporate insiders own 0.69% of the company’s stock.

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.