Zimmer Partners LP Sells 20,000 Shares of Johnson Controls International plc (NYSE:JCI)

Zimmer Partners LP decreased its position in shares of Johnson Controls International plc (NYSE:JCI) by 20.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 80,000 shares of the company’s stock after selling 20,000 shares during the quarter. Zimmer Partners LP’s holdings in Johnson Controls International were worth $6,314,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of the stock. Gilbert & Cook Inc. grew its holdings in Johnson Controls International by 2.0% during the fourth quarter. Gilbert & Cook Inc. now owns 6,458 shares of the company’s stock worth $510,000 after buying an additional 127 shares in the last quarter. Jackson Hole Capital Partners LLC grew its holdings in Johnson Controls International by 0.7% during the fourth quarter. Jackson Hole Capital Partners LLC now owns 18,621 shares of the company’s stock worth $1,470,000 after buying an additional 127 shares in the last quarter. Trust Co. of Vermont grew its holdings in Johnson Controls International by 10.4% during the fourth quarter. Trust Co. of Vermont now owns 1,488 shares of the company’s stock worth $117,000 after buying an additional 140 shares in the last quarter. Catalyst Financial Partners LLC grew its holdings in Johnson Controls International by 4.8% during the fourth quarter. Catalyst Financial Partners LLC now owns 3,154 shares of the company’s stock worth $249,000 after buying an additional 144 shares in the last quarter. Finally, Avidian Wealth Enterprises LLC grew its holdings in Johnson Controls International by 4.6% during the fourth quarter. Avidian Wealth Enterprises LLC now owns 3,427 shares of the company’s stock worth $270,000 after buying an additional 150 shares in the last quarter. Institutional investors own 90.05% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Robert W. Baird upped their price target on Johnson Controls International from $84.00 to $90.00 and gave the stock a “neutral” rating in a report on Thursday, May 8th. UBS Group upgraded Johnson Controls International from a “neutral” rating to a “buy” rating and upped their price target for the stock from $90.00 to $103.00 in a report on Monday, February 10th. Citigroup decreased their price target on Johnson Controls International from $95.00 to $85.00 and set a “neutral” rating for the company in a report on Monday, April 14th. Wells Fargo & Company upped their price objective on Johnson Controls International from $82.00 to $100.00 and gave the company an “overweight” rating in a research note on Thursday, May 8th. Finally, Melius Research restated a “hold” rating and issued a $95.00 price objective on shares of Johnson Controls International in a research note on Tuesday, January 28th. Eight investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $95.35.

Johnson Controls International Stock Down 0.1%

Shares of NYSE JCI opened at $97.79 on Tuesday. Johnson Controls International plc has a one year low of $64.31 and a one year high of $98.33. 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 business’s fifty day moving average price is $82.69 and its 200-day moving average price is $82.48. The stock has a market capitalization of $64.35 billion, a PE ratio of 37.32, a P/E/G ratio of 1.96 and a beta of 1.28.

Johnson Controls International (NYSE:JCI) last issued its quarterly earnings results on Wednesday, May 7th. The company reported $0.82 EPS for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $5.68 billion for the quarter, compared to analysts’ expectations of $5.64 billion. During the same quarter in the prior year, the firm earned $0.78 EPS. The business’s revenue for the quarter was up 1.4% compared to the same quarter last year. On average, 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 declared a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Monday, March 24th were given a dividend of $0.37 per share. The ex-dividend date was Monday, March 24th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.51%. Johnson Controls International’s dividend payout ratio is presently 39.47%.

Insider Activity

In related news, CEO George Oliver sold 129,263 shares of the stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $83.55, for a total transaction of $10,799,923.65. Following the sale, the chief executive officer now owns 1,203,893 shares of the company’s stock, valued at approximately $100,585,260.15. This represents a 9.70% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Marc Vandiepenbeeck sold 28,289 shares of the stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $90.92, for a total value of $2,572,035.88. Following the sale, the chief financial officer now directly owns 147,673 shares in the company, valued at $13,426,429.16. This trade represents a 16.08% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 460,396 shares of company stock valued at $38,645,569 in the last 90 days. Insiders own 0.54% of the company’s stock.

About Johnson Controls International

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.