Johnson Controls International plc (NYSE:JCI) Position Trimmed by Cullen Capital Management LLC

Cullen Capital Management LLC decreased its position in shares of Johnson Controls International plc (NYSE:JCI) by 5.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,047,456 shares of the company’s stock after selling 187,930 shares during the quarter. Johnson Controls International accounts for approximately 2.8% of Cullen Capital Management LLC’s investment portfolio, making the stock its 5th largest holding. Cullen Capital Management LLC owned 0.46% of Johnson Controls International worth $240,536,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in JCI. Compass Financial Services Inc purchased a new position in shares of Johnson Controls International in the 4th quarter valued at about $26,000. SBI Securities Co. Ltd. acquired a new position in Johnson Controls International during the fourth quarter worth $29,000. Crowley Wealth Management Inc. acquired a new position in shares of Johnson Controls International during the 4th quarter valued at about $42,000. Synergy Asset Management LLC acquired a new position in Johnson Controls International in the 4th quarter valued at about $42,000. Finally, ST Germain D J Co. Inc. grew its position in Johnson Controls International by 32.8% in the fourth quarter. ST Germain D J Co. Inc. now owns 543 shares of the company’s stock worth $43,000 after acquiring an additional 134 shares during the period. 90.05% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Johnson Controls International

In related news, VP Daniel C. Mcconeghy sold 1,950 shares of the company’s stock in a transaction dated Thursday, February 6th. The stock was 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Nathan D. Manning sold 1,421 shares of the business’s stock in a transaction dated Monday, February 3rd. The stock was 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 of the company’s stock, valued at $11,339,568.24. The trade was a 0.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 907,286 shares of company stock worth $77,938,071 in the last quarter. 0.54% of the stock is owned by company insiders.

Johnson Controls International Stock Down 7.0 %

JCI stock opened at $71.84 on Friday. Johnson Controls International plc has a 52-week low of $59.83 and a 52-week high of $91.14. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.02 and a quick ratio of 0.86. The stock has a market capitalization of $47.42 billion, a price-to-earnings ratio of 27.42, a price-to-earnings-growth ratio of 1.96 and a beta of 1.32. The company has a 50-day moving average of $82.63 and a two-hundred day moving average of $80.75.

Johnson Controls International (NYSE:JCI) last released its earnings results on Wednesday, February 5th. The company reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates of $0.59 by $0.05. Johnson Controls International had a return on equity of 15.11% and a net margin of 6.83%. As a group, equities research analysts anticipate that Johnson Controls International plc will post 3.64 EPS for the current year.

Johnson Controls International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Monday, March 24th will be given 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 2.06%. Johnson Controls International’s payout ratio is 56.49%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on JCI shares. UBS Group upgraded shares of Johnson Controls International from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $90.00 to $103.00 in a research note on Monday, February 10th. Argus raised Johnson Controls International from a “hold” rating to a “buy” rating and set a $88.00 price objective for the company in a research report on Friday, December 20th. Wells Fargo & Company increased their target price on shares of Johnson Controls International from $92.00 to $98.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Morgan Stanley upped their price target on shares of Johnson Controls International from $95.00 to $105.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Finally, Royal Bank of Canada lifted their target price on Johnson Controls International from $86.00 to $93.00 and gave the company a “sector perform” rating in a research note on Thursday, February 6th. Eight research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $91.27.

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.