RPG Investment Advisory LLC Cuts Holdings in Johnson Controls International plc (NYSE:JCI)

RPG Investment Advisory LLC reduced its position in Johnson Controls International plc (NYSE:JCI) by 0.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 194,473 shares of the company’s stock after selling 561 shares during the quarter. Johnson Controls International comprises about 2.1% of RPG Investment Advisory LLC’s investment portfolio, making the stock its 17th biggest position. RPG Investment Advisory LLC’s holdings in Johnson Controls International were worth $15,350,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Park Avenue Securities LLC raised its position in shares of Johnson Controls International by 101.5% in the 4th quarter. Park Avenue Securities LLC now owns 26,517 shares of the company’s stock worth $2,093,000 after buying an additional 13,360 shares during the period. Certuity LLC acquired a new stake in Johnson Controls International in the 4th quarter valued at $243,000. Y Intercept Hong Kong Ltd increased its holdings in Johnson Controls International by 136.8% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 91,248 shares of the company’s stock valued at $7,082,000 after purchasing an additional 52,719 shares in the last quarter. Geode Capital Management LLC increased its holdings in Johnson Controls International by 0.5% in the 3rd quarter. Geode Capital Management LLC now owns 13,475,260 shares of the company’s stock valued at $1,041,822,000 after purchasing an additional 71,493 shares in the last quarter. Finally, BNC Wealth Management LLC acquired a new stake in Johnson Controls International in the 4th quarter valued at $2,093,000. 90.05% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on JCI. Royal Bank of Canada increased their price target on Johnson Controls International from $86.00 to $93.00 and gave the company a “sector perform” rating in a report on Thursday, February 6th. Morgan Stanley raised their target price on Johnson Controls International from $95.00 to $105.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Melius downgraded Johnson Controls International from a “buy” rating to a “hold” rating and set a $95.00 target price for the company. in a research note on Tuesday, January 28th. Barclays raised their target price on Johnson Controls International from $75.00 to $83.00 and gave the company an “equal weight” rating in a research note on Thursday, December 5th. Finally, Oppenheimer raised their target price on Johnson Controls International from $86.00 to $87.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Eight research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, Johnson Controls International has a consensus rating of “Moderate Buy” and a consensus target price of $91.13.

Johnson Controls International Stock Performance

Shares of NYSE JCI opened at $85.23 on Monday. The company has a quick ratio of 0.86, a current ratio of 1.02 and a debt-to-equity ratio of 0.50. The firm’s 50-day moving average price is $82.06 and its two-hundred day moving average price is $78.56. Johnson Controls International plc has a 52-week low of $57.78 and a 52-week high of $91.14. The stock has a market capitalization of $56.26 billion, a P/E ratio of 32.53, a P/E/G ratio of 1.96 and a beta of 1.32.

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 analysts’ consensus estimates of $0.59 by $0.05. Johnson Controls International had a net margin of 6.83% and a return on equity of 15.11%. As a group, sell-side analysts forecast 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 announced a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Monday, December 23rd were issued a $0.37 dividend. The ex-dividend date of this dividend was Monday, December 23rd. This represents a $1.48 dividend on an annualized basis and a yield of 1.74%. Johnson Controls International’s dividend payout ratio is currently 56.49%.

Insiders Place Their Bets

In other news, VP Nathan D. Manning sold 1,421 shares of Johnson Controls International stock in a transaction that occurred 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 sale, the vice president now owns 148,346 shares of the company’s stock, valued at approximately $11,339,568.24. The trade was a 0.95 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO George Oliver sold 162,894 shares of Johnson Controls International stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $89.28, for a total value of $14,543,176.32. Following the sale, the chief executive officer now directly owns 1,203,893 shares in the company, valued at approximately $107,483,567.04. This trade represents a 11.92 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 708,700 shares of company stock valued at $62,083,088 over the last quarter. Insiders own 0.54% of the company’s stock.

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.