Weatherly Asset Management L. P. lessened its stake in Johnson Controls International plc (NYSE:JCI – Free Report) by 9.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,443 shares of the company’s stock after selling 474 shares during the quarter. Weatherly Asset Management L. P.’s holdings in Johnson Controls International were worth $351,000 as of its most recent SEC filing.
A number of other large investors have also added to or reduced their stakes in the business. Peterson Wealth Services raised its stake in Johnson Controls International by 1.3% in the 4th quarter. Peterson Wealth Services now owns 19,449 shares of the company’s stock valued at $1,535,000 after acquiring an additional 258 shares during the period. Stonebridge Financial Group LLC bought a new stake in Johnson Controls International in the 4th quarter valued at $49,000. Summit Trail Advisors LLC raised its stake in Johnson Controls International by 24.0% in the 4th quarter. Summit Trail Advisors LLC now owns 5,821 shares of the company’s stock valued at $462,000 after acquiring an additional 1,126 shares during the period. Regents Gate Capital LLP bought a new stake in Johnson Controls International in the 4th quarter valued at $1,092,000. Finally, Opal Wealth Advisors LLC bought a new stake in Johnson Controls International in the 4th quarter valued at $212,000. Institutional investors own 90.05% of the company’s stock.
Insider Activity
In other news, VP Daniel C. Mcconeghy sold 1,950 shares of Johnson Controls International stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $87.73, for a total transaction of $171,073.50. Following the sale, the vice president now directly owns 24,803 shares of the company’s stock, valued at approximately $2,175,967.19. This trade represents a 7.29 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO George Oliver sold 205,168 shares of Johnson Controls International stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $88.03, for a total value of $18,060,939.04. Following the sale, the chief executive officer now directly owns 1,260,527 shares in the company, valued at $110,964,191.81. The trade was a 14.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 856,326 shares of company stock valued at $72,313,086. 0.54% of the stock is currently owned by corporate insiders.
Johnson Controls International Stock Performance
Johnson Controls International (NYSE:JCI – Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The company reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.05. Johnson Controls International had a return on equity of 15.11% and a net margin of 6.83%. On average, analysts anticipate that Johnson Controls International plc will post 3.52 EPS for the current fiscal year.
Johnson Controls International Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Monday, December 23rd were paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.65%. The ex-dividend date was Monday, December 23rd. Johnson Controls International’s payout ratio is 56.49%.
Analyst Ratings Changes
Several research analysts have weighed in on the company. Royal Bank of Canada increased their price objective on Johnson Controls International from $86.00 to $93.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 6th. JPMorgan Chase & Co. increased their price objective on Johnson Controls International from $87.00 to $100.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Citigroup lowered their price objective on Johnson Controls International from $85.00 to $84.00 and set a “neutral” rating on the stock in a research report on Monday, January 13th. Mizuho increased their price objective on Johnson Controls International from $62.00 to $75.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. Finally, Oppenheimer increased their price objective on Johnson Controls International from $86.00 to $87.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Eight analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $91.13.
Read Our Latest Analysis on Johnson Controls International
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.
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