Investment Management Corp of Ontario Sells 3,800 Shares of Johnson Controls International plc (NYSE:JCI)

Investment Management Corp of Ontario lessened its holdings in shares of Johnson Controls International plc (NYSE:JCI) by 17.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,549 shares of the company’s stock after selling 3,800 shares during the quarter. Investment Management Corp of Ontario’s holdings in Johnson Controls International were worth $1,464,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of JCI. Raymond James Financial Inc. purchased a new position in shares of Johnson Controls International during the 4th quarter valued at about $568,309,000. Norges Bank purchased a new position in shares of Johnson Controls International during the fourth quarter valued at approximately $560,549,000. Invesco Ltd. increased its stake in shares of Johnson Controls International by 13.2% during the fourth quarter. Invesco Ltd. now owns 18,407,597 shares of the company’s stock valued at $1,452,912,000 after buying an additional 2,150,573 shares during the period. Amundi grew its stake in Johnson Controls International by 76.7% in the fourth quarter. Amundi now owns 3,870,478 shares of the company’s stock worth $309,422,000 after purchasing an additional 1,680,431 shares during the period. Finally, Franklin Resources Inc. grew its stake in Johnson Controls International by 6.0% in the fourth quarter. Franklin Resources Inc. now owns 23,344,374 shares of the company’s stock worth $1,842,571,000 after purchasing an additional 1,325,500 shares during the period. Institutional investors own 90.05% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. Vertical Research raised Johnson Controls International from a “hold” rating to a “buy” rating and set a $105.00 target price on the stock in a report on Thursday. UBS Group upgraded Johnson Controls International from a “neutral” rating to a “buy” rating and upped their price objective for the company from $90.00 to $103.00 in a research report on Monday, February 10th. Citigroup reduced their price target on Johnson Controls International from $95.00 to $85.00 and set a “neutral” rating for the company in a research report on Monday, April 14th. Melius Research restated a “hold” rating and issued a $95.00 price target on shares of Johnson Controls International in a research report on Tuesday, January 28th. Finally, Oppenheimer upped their price objective on Johnson Controls International from $90.00 to $96.00 and gave the stock an “outperform” rating in a research note on Thursday. Eight research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, Johnson Controls International has a consensus rating of “Moderate Buy” and a consensus target price of $92.94.

Johnson Controls International Trading Up 0.8%

JCI opened at $91.96 on Monday. The stock’s fifty day moving average is $80.63 and its two-hundred day moving average is $81.64. The company has a market capitalization of $60.51 billion, a P/E ratio of 35.10, a PEG ratio of 1.96 and a beta of 1.28. Johnson Controls International plc has a 52 week low of $64.31 and a 52 week high of $97.30. The company has a quick ratio of 0.86, a current ratio of 1.02 and a debt-to-equity ratio of 0.50.

Johnson Controls International (NYSE:JCI) last announced its earnings results on Wednesday, May 7th. The company reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.05. Johnson Controls International had a return on equity of 15.11% and a net margin of 6.83%. The business had revenue of $5.68 billion for the quarter, compared to analysts’ expectations of $5.64 billion. During the same quarter last year, the firm earned $0.78 EPS. The business’s revenue for the quarter was up 1.4% on a year-over-year basis. Analysts forecast that Johnson Controls International plc will post 3.64 earnings per share for the current year.

Johnson Controls International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Monday, March 24th were paid a dividend of $0.37 per share. The ex-dividend date of this dividend was Monday, March 24th. This represents a $1.48 annualized dividend and a yield of 1.61%. Johnson Controls International’s payout ratio is presently 39.47%.

Insider Buying and Selling at Johnson Controls International

In other news, VP Nathan D. Manning sold 1,422 shares of the company’s stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $79.72, for a total value of $113,361.84. Following the sale, the vice president now owns 145,502 shares in the company, valued at $11,599,419.44. This represents a 0.97% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO George Oliver sold 129,263 shares of the company’s stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $83.55, for a total value of $10,799,923.65. Following the completion of the sale, the chief executive officer now owns 1,203,893 shares in the company, valued at $100,585,260.15. The trade was a 9.70% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 523,290 shares of company stock worth $44,018,746. 0.54% of the stock is currently owned by insiders.

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.