Johnson Controls International plc (NYSE:JCI) Shares Sold by Intact Investment Management Inc.

Intact Investment Management Inc. trimmed its position in Johnson Controls International plc (NYSE:JCI) by 33.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 49,600 shares of the company’s stock after selling 25,000 shares during the period. Intact Investment Management Inc.’s holdings in Johnson Controls International were worth $3,915,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Compass Financial Services Inc acquired a new position in shares of Johnson Controls International in the 4th quarter valued at $26,000. SBI Securities Co. Ltd. acquired a new position in shares of Johnson Controls International in the 4th quarter valued at $29,000. Synergy Asset Management LLC acquired a new position in shares of Johnson Controls International in the 4th quarter valued at $42,000. ST Germain D J Co. Inc. increased its position in shares of Johnson Controls International by 32.8% in the 4th quarter. ST Germain D J Co. Inc. now owns 543 shares of the company’s stock valued at $43,000 after acquiring an additional 134 shares during the period. Finally, Gables Capital Management Inc. increased its position in shares of Johnson Controls International by 132.0% in the 4th quarter. Gables Capital Management Inc. now owns 580 shares of the company’s stock valued at $46,000 after acquiring an additional 330 shares during the period. 90.05% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have weighed in on JCI. Melius Research reaffirmed a “hold” rating and set a $95.00 price target on shares of Johnson Controls International in a research report on Tuesday, January 28th. Barclays cut their price target on Johnson Controls International from $88.00 to $85.00 and set an “equal weight” rating on the stock in a research report on Monday, March 10th. Morgan Stanley increased their price target on Johnson Controls International from $95.00 to $105.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Citigroup cut their price target on Johnson Controls International from $85.00 to $84.00 and set a “neutral” rating on the stock in a research report on Monday, January 13th. Finally, JPMorgan Chase & Co. increased their price target on Johnson Controls International from $87.00 to $100.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Eight investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $91.27.

Johnson Controls International Trading Up 3.0 %

Shares of Johnson Controls International stock opened at $79.78 on Friday. The firm has a market capitalization of $52.67 billion, a PE ratio of 30.45, a P/E/G ratio of 1.96 and a beta of 1.32. Johnson Controls International plc has a twelve month low of $59.83 and a twelve month high of $91.14. The firm’s 50-day moving average price is $82.41 and its 200 day moving average price is $79.67. The company has a current ratio of 1.02, a quick ratio of 0.86 and a debt-to-equity ratio of 0.50.

Johnson Controls International (NYSE:JCI) last issued its quarterly earnings results on Wednesday, February 5th. The company reported $0.64 earnings per share for the quarter, beating 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%. On average, sell-side analysts predict that Johnson Controls International plc will post 3.64 EPS for the current fiscal year.

Johnson Controls International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Monday, March 24th will be issued a $0.37 dividend. The ex-dividend date of this dividend is Monday, March 24th. This represents a $1.48 dividend on an annualized basis and a yield of 1.86%. Johnson Controls International’s payout ratio is 56.49%.

Insider Buying and Selling at Johnson Controls International

In other Johnson Controls International news, VP Daniel C. Mcconeghy sold 1,950 shares of the stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $87.73, for a total value of $171,073.50. Following the completion of the sale, the vice president now owns 24,803 shares in the company, valued at approximately $2,175,967.19. This represents a 7.29 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO George Oliver sold 205,168 shares of the stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $88.03, for a total transaction of $18,060,939.04. Following the completion of the sale, the chief executive officer now owns 1,260,527 shares of the company’s stock, valued at approximately $110,964,191.81. The trade was a 14.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 906,050 shares of company stock worth $77,839,329. Insiders own 0.54% of the company’s stock.

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.