Lazard Asset Management LLC Sells 16,009 Shares of Johnson Controls International plc (NYSE:JCI)

Lazard Asset Management LLC trimmed its position in Johnson Controls International plc (NYSE:JCI) by 4.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 388,469 shares of the company’s stock after selling 16,009 shares during the period. Lazard Asset Management LLC owned approximately 0.06% of Johnson Controls International worth $25,374,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of JCI. RPG Investment Advisory LLC increased its position in Johnson Controls International by 19.3% during the 4th quarter. RPG Investment Advisory LLC now owns 196,559 shares of the company’s stock valued at $11,330,000 after buying an additional 31,759 shares in the last quarter. United Services Automobile Association raised its holdings in shares of Johnson Controls International by 7.9% in the fourth quarter. United Services Automobile Association now owns 20,376 shares of the company’s stock worth $1,174,000 after buying an additional 1,490 shares during the last quarter. ANTIPODES PARTNERS Ltd lifted its holdings in Johnson Controls International by 89.4% in the fourth quarter. ANTIPODES PARTNERS Ltd now owns 253,859 shares of the company’s stock valued at $14,632,000 after acquiring an additional 119,844 shares during the period. Cambridge Investment Research Advisors Inc. boosted its position in Johnson Controls International by 27.6% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 79,840 shares of the company’s stock worth $4,602,000 after purchasing an additional 17,263 shares in the last quarter. Finally, RWA Wealth Partners LLC acquired a new stake in shares of Johnson Controls International during the 4th quarter worth approximately $14,231,000. 90.05% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Robert W. Baird raised their price target on shares of Johnson Controls International from $62.00 to $72.00 and gave the company a “neutral” rating in a research report on Monday, July 15th. Barclays cut their price target on Johnson Controls International from $62.00 to $61.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 10th. UBS Group cut Johnson Controls International from a “buy” rating to a “neutral” rating and cut their price objective for the company from $74.00 to $68.00 in a research report on Monday, May 6th. The Goldman Sachs Group increased their target price on Johnson Controls International from $66.00 to $73.00 and gave the company a “buy” rating in a research report on Wednesday, July 10th. Finally, Wells Fargo & Company boosted their price objective on Johnson Controls International from $70.00 to $75.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 10th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Johnson Controls International has a consensus rating of “Hold” and an average target price of $65.23.

Insider Activity at Johnson Controls International

In related news, Director Juergen Tinggren sold 4,000 shares of the firm’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $62.31, for a total transaction of $249,240.00. Following the completion of the transaction, the director now directly owns 30,120 shares in the company, valued at approximately $1,876,777.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, COO Nathan D. Manning sold 1,167 shares of Johnson Controls International stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $66.01, for a total value of $77,033.67. Following the completion of the transaction, the chief operating officer now owns 104,556 shares in the company, valued at approximately $6,901,741.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Juergen Tinggren sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $62.31, for a total value of $249,240.00. Following the sale, the director now owns 30,120 shares of the company’s stock, valued at approximately $1,876,777.20. The disclosure for this sale can be found here. Insiders sold 18,067 shares of company stock worth $1,163,404 in the last three months. 0.69% of the stock is owned by company insiders.

Johnson Controls International Stock Up 3.1 %

Shares of NYSE:JCI opened at $68.77 on Monday. The business has a 50-day moving average price of $69.57 and a 200 day moving average price of $63.97. The company has a current ratio of 0.87, a quick ratio of 0.65 and a debt-to-equity ratio of 0.44. The company has a market capitalization of $46.33 billion, a price-to-earnings ratio of 27.84, a PEG ratio of 1.80 and a beta of 1.28. Johnson Controls International plc has a 12-month low of $47.90 and a 12-month high of $74.23.

Johnson Controls International (NYSE:JCI) last issued its quarterly earnings data on Wednesday, May 1st. The company reported $0.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.75 by $0.03. Johnson Controls International had a return on equity of 13.21% and a net margin of 6.32%. The firm had revenue of $6.70 billion during the quarter, compared to the consensus estimate of $7.51 billion. During the same period last year, the company earned $0.75 EPS. The company’s quarterly revenue was down 6.1% on a year-over-year basis. Sell-side analysts expect that Johnson Controls International plc will post 3.58 EPS for the current year.

Johnson Controls International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 19th. Investors of record on Monday, June 24th were issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 2.15%. The ex-dividend date of this dividend was Monday, June 24th. Johnson Controls International’s dividend payout ratio (DPR) is 59.92%.

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.