Y Intercept Hong Kong Ltd Decreases Stock Position in Johnson Controls International plc (NYSE:JCI)

Y Intercept Hong Kong Ltd lessened its stake in Johnson Controls International plc (NYSE:JCI) by 91.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,915 shares of the company’s stock after selling 83,333 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Johnson Controls International were worth $625,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. Compass Financial Services Inc bought a new stake in Johnson Controls International in the fourth quarter valued at approximately $26,000. Synergy Asset Management LLC bought a new stake in Johnson Controls International during the 4th quarter valued at $42,000. ST Germain D J Co. Inc. boosted its position in Johnson Controls International by 32.8% during the 4th quarter. ST Germain D J Co. Inc. now owns 543 shares of the company’s stock valued at $43,000 after buying an additional 134 shares during the period. Western Pacific Wealth Management LP purchased a new stake in Johnson Controls International during the 3rd quarter valued at $44,000. Finally, Heck Capital Advisors LLC bought a new stake in Johnson Controls International in the 4th quarter worth $48,000. 90.05% of the stock is currently owned by hedge funds and other institutional investors.

Johnson Controls International Price Performance

Shares of JCI opened at $85.68 on Friday. Johnson Controls International plc has a fifty-two week low of $59.11 and a fifty-two week high of $91.14. The firm’s 50-day simple moving average is $82.43 and its two-hundred day simple moving average is $79.07. The stock has a market cap of $56.56 billion, a PE ratio of 32.70, a price-to-earnings-growth ratio of 1.96 and a beta of 1.32. 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 for the quarter, topping the consensus estimate of $0.59 by $0.05. Johnson Controls International had a return on equity of 15.11% and a net margin of 6.83%. Analysts anticipate that Johnson Controls International plc will post 3.64 earnings per share for the current fiscal year.

Johnson Controls International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Monday, December 23rd were paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 1.73%. The ex-dividend date of this dividend was Monday, December 23rd. Johnson Controls International’s payout ratio is 56.49%.

Insider Activity at Johnson Controls International

In other news, VP Nathan D. Manning sold 1,421 shares of the company’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $76.44, for a total value of $108,621.24. Following the transaction, the vice president now owns 148,346 shares in the company, valued at approximately $11,339,568.24. This represents a 0.95 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO George Oliver sold 124,497 shares of the firm’s stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $82.67, for a total transaction of $10,292,166.99. Following the sale, the chief executive officer now directly owns 1,267,716 shares of the company’s stock, valued at $104,802,081.72. This trade represents a 8.94 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 837,963 shares of company stock valued at $72,883,012. 0.54% of the stock is owned by insiders.

Analysts Set New Price Targets

JCI has been the subject of a number of analyst reports. Melius lowered shares of Johnson Controls International from a “buy” rating to a “hold” rating and set a $95.00 target price for the company. in a report on Tuesday, January 28th. UBS Group upgraded Johnson Controls International from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $90.00 to $103.00 in a report on Monday, February 10th. Citigroup reduced their target price on Johnson Controls International from $85.00 to $84.00 and set a “neutral” rating on the stock in a research note on Monday, January 13th. StockNews.com lowered Johnson Controls International from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th. Finally, Argus raised shares of Johnson Controls International from a “hold” rating to a “buy” rating and set a $88.00 price objective on the stock in a research report on Friday, December 20th. Eight analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $91.13.

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.