iA Global Asset Management Inc. Reduces Position in Johnson Controls International plc (NYSE:JCI)

iA Global Asset Management Inc. lowered its stake in Johnson Controls International plc (NYSE:JCI) by 93.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,965 shares of the company’s stock after selling 30,246 shares during the quarter. iA Global Asset Management Inc.’s holdings in Johnson Controls International were worth $128,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Glassy Mountain Advisors Inc. raised its stake in Johnson Controls International by 0.4% during the 1st quarter. Glassy Mountain Advisors Inc. now owns 50,282 shares of the company’s stock worth $3,284,000 after acquiring an additional 181 shares in the last quarter. BSW Wealth Partners increased its stake in shares of Johnson Controls International by 4.3% during the fourth quarter. BSW Wealth Partners now owns 4,494 shares of the company’s stock worth $259,000 after acquiring an additional 185 shares during the period. HCR Wealth Advisors increased its stake in shares of Johnson Controls International by 1.2% during the fourth quarter. HCR Wealth Advisors now owns 16,225 shares of the company’s stock worth $935,000 after acquiring an additional 185 shares during the period. West Paces Advisors Inc. increased its stake in shares of Johnson Controls International by 34.5% during the fourth quarter. West Paces Advisors Inc. now owns 788 shares of the company’s stock worth $45,000 after acquiring an additional 202 shares during the period. Finally, Global Retirement Partners LLC increased its stake in shares of Johnson Controls International by 9.9% during the fourth quarter. Global Retirement Partners LLC now owns 2,283 shares of the company’s stock worth $132,000 after acquiring an additional 205 shares during the period. Institutional investors and hedge funds own 90.05% of the company’s stock.

Analysts Set New Price Targets

JCI has been the topic of several recent research reports. The Goldman Sachs Group upped their price target on shares of Johnson Controls International from $73.00 to $81.00 and gave the company a “buy” rating in a report on Friday. UBS Group lowered shares of Johnson Controls International from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $74.00 to $68.00 in a research report on Monday, May 6th. Barclays dropped their price target on shares of Johnson Controls International from $62.00 to $61.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 10th. Wells Fargo & Company upped their price target on shares of Johnson Controls International from $75.00 to $80.00 and gave the stock an “overweight” rating in a research report on Thursday. Finally, Citigroup increased their price objective on shares of Johnson Controls International from $59.00 to $68.00 and gave the stock a “neutral” rating in a research report on Monday, April 8th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $67.69.

Johnson Controls International Stock Down 4.4 %

NYSE JCI traded down $3.12 during trading on Friday, reaching $67.21. The company’s stock had a trading volume of 4,305,250 shares, compared to its average volume of 5,382,656. 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 stock has a market capitalization of $45.28 billion, a PE ratio of 27.36, a PEG ratio of 1.82 and a beta of 1.28. The business has a 50-day moving average price of $69.37 and a 200-day moving average price of $64.23. Johnson Controls International plc has a 1-year low of $47.90 and a 1-year high of $75.36.

Johnson Controls International (NYSE:JCI) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $1.14 earnings per share for the quarter, topping analysts’ consensus estimates of $1.08 by $0.06. The business had revenue of $7.23 billion during the quarter, compared to analysts’ expectations of $7.53 billion. Johnson Controls International had a net margin of 6.02% and a return on equity of 13.57%. Johnson Controls International’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same period in the previous year, the company earned $1.03 earnings per share. On average, research analysts forecast that Johnson Controls International plc will post 3.68 earnings per share for the current fiscal year.

Johnson Controls International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, July 19th. Stockholders of record on Monday, June 24th were issued a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 2.20%. The ex-dividend date was Monday, June 24th. Johnson Controls International’s payout ratio is 59.92%.

Insider Transactions at Johnson Controls International

In other news, COO Nathan D. Manning sold 1,167 shares of the company’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $70.71, for a total value of $82,518.57. Following the sale, the chief operating officer now owns 103,866 shares of the company’s stock, valued at approximately $7,344,364.86. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Johnson Controls International news, COO Nathan D. Manning sold 1,167 shares of the company’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $70.71, for a total transaction of $82,518.57. Following the transaction, the chief operating officer now directly owns 103,866 shares in the company, valued at approximately $7,344,364.86. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Nathan D. Manning sold 3,000 shares of the company’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $62.86, for a total transaction of $188,580.00. Following the transaction, the chief operating officer now owns 106,891 shares in the company, valued at $6,719,168.26. The disclosure for this sale can be found here. In the last quarter, insiders have sold 19,048 shares of company stock valued at $1,234,530. 0.69% of the stock is 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.