Pictet Asset Management Holding SA Sells 598,775 Shares of Johnson Controls International plc $JCI

Pictet Asset Management Holding SA cut its position in shares of Johnson Controls International plc (NYSE:JCI) by 20.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,310,938 shares of the company’s stock after selling 598,775 shares during the period. Pictet Asset Management Holding SA’s holdings in Johnson Controls International were worth $302,482,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Strategic Investment Advisors MI boosted its stake in shares of Johnson Controls International by 1.5% during the 4th quarter. Strategic Investment Advisors MI now owns 5,389 shares of the company’s stock worth $645,000 after acquiring an additional 78 shares during the period. UMB Bank n.a. raised its stake in Johnson Controls International by 2.5% in the 4th quarter. UMB Bank n.a. now owns 3,261 shares of the company’s stock valued at $391,000 after acquiring an additional 79 shares during the period. Lcnb Corp raised its stake in Johnson Controls International by 4.0% in the 4th quarter. Lcnb Corp now owns 2,094 shares of the company’s stock valued at $251,000 after acquiring an additional 81 shares during the period. Millstone Evans Group LLC lifted its holdings in Johnson Controls International by 2.6% during the 4th quarter. Millstone Evans Group LLC now owns 3,427 shares of the company’s stock valued at $410,000 after purchasing an additional 87 shares during the last quarter. Finally, apricus wealth LLC lifted its holdings in Johnson Controls International by 3.1% during the 4th quarter. apricus wealth LLC now owns 2,946 shares of the company’s stock valued at $353,000 after purchasing an additional 89 shares during the last quarter. Institutional investors own 90.05% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on JCI. Wolfe Research reissued an “outperform” rating and issued a $171.00 price target on shares of Johnson Controls International in a report on Wednesday, June 3rd. The Goldman Sachs Group increased their target price on Johnson Controls International from $169.00 to $178.00 and gave the stock a “buy” rating in a research note on Tuesday, June 2nd. Evercore began coverage on Johnson Controls International in a report on Monday, April 13th. They issued a “hold” rating and a $155.00 price objective on the stock. Barclays increased their price objective on Johnson Controls International from $136.00 to $144.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 7th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and issued a $154.00 price objective on shares of Johnson Controls International in a research note on Tuesday, June 2nd. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Johnson Controls International has an average rating of “Moderate Buy” and an average target price of $152.85.

Insider Activity at Johnson Controls International

In other Johnson Controls International news, VP Lei Zhang Schlitz sold 88,809 shares of the business’s stock in a transaction on Friday, May 8th. The shares were sold at an average price of $140.99, for a total transaction of $12,521,180.91. Following the sale, the vice president owned 57,059 shares of the company’s stock, valued at approximately $8,044,748.41. The trade was a 60.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Todd M. Grabowski sold 1,800 shares of the company’s stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $146.20, for a total transaction of $263,160.00. Following the transaction, the vice president owned 26,215 shares of the company’s stock, valued at $3,832,633. This trade represents a 6.43% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.29% of the stock is owned by corporate insiders.

Johnson Controls International Stock Performance

Johnson Controls International stock opened at $138.62 on Friday. The company has a quick ratio of 0.85, a current ratio of 1.04 and a debt-to-equity ratio of 0.64. The stock has a market cap of $84.57 billion, a PE ratio of 24.80, a P/E/G ratio of 1.49 and a beta of 1.32. Johnson Controls International plc has a 12-month low of $102.09 and a 12-month high of $149.38. The business’s 50-day moving average price is $141.69 and its two-hundred day moving average price is $132.76.

Johnson Controls International (NYSE:JCI) last posted its earnings results on Tuesday, March 31st. The company reported $1.19 EPS for the quarter. Johnson Controls International had a net margin of 14.45% and a return on equity of 19.50%. The firm had revenue of $6.14 billion during the quarter. As a group, analysts expect that Johnson Controls International plc will post 4.89 earnings per share for the current fiscal year.

Johnson Controls International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Monday, June 15th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $1.60 annualized dividend and a yield of 1.2%. Johnson Controls International’s dividend payout ratio is presently 28.62%.

About Johnson Controls International

Johnson Controls International plc is a global diversified technology and multi‑industrial company that develops products, services and solutions for buildings and energy storage. The company’s core focus is on improving building efficiency, safety and sustainability through a combination of HVAC equipment, building controls and automation, fire and security systems, and related services. Johnson Controls traces its roots to 1885, when inventor Warren S. Johnson developed an electric room thermostat; over its long history the company has expanded from controls into a broad set of building‑related technologies and, through corporate transactions, into a global provider of integrated building solutions.

Johnson Controls’ product and service portfolio includes heating, ventilation and air‑conditioning equipment, chillers, air handlers and related mechanical systems, together with building automation and control platforms that monitor and manage energy use, indoor environmental quality and security.