Bank of New York Mellon Corp Has $940.07 Million Holdings in Johnson Controls International plc (NYSE:JCI)

Bank of New York Mellon Corp cut its holdings in shares of Johnson Controls International plc (NYSE:JCI) by 3.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,910,179 shares of the company’s stock after selling 366,367 shares during the quarter. Bank of New York Mellon Corp owned 1.80% of Johnson Controls International worth $940,070,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Compass Financial Services Inc acquired a new position in Johnson Controls International in the 4th quarter valued at $26,000. Fortitude Family Office LLC increased its position in shares of Johnson Controls International by 195.8% in the third quarter. Fortitude Family Office LLC now owns 420 shares of the company’s stock worth $33,000 after purchasing an additional 278 shares during the period. Synergy Asset Management LLC acquired a new position in Johnson Controls International in the fourth quarter valued at about $42,000. ST Germain D J Co. Inc. lifted its position in Johnson Controls International by 32.8% during the fourth quarter. ST Germain D J Co. Inc. now owns 543 shares of the company’s stock worth $43,000 after purchasing an additional 134 shares during the period. Finally, Western Pacific Wealth Management LP acquired a new stake in Johnson Controls International during the third quarter worth about $44,000. 90.05% of the stock is currently owned by institutional investors and hedge funds.

Johnson Controls International Stock Down 1.7 %

NYSE:JCI opened at $83.87 on Tuesday. Johnson Controls International plc has a one year low of $58.15 and a one year high of $91.14. 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 company has a market cap of $55.36 billion, a PE ratio of 32.01, a P/E/G ratio of 1.96 and a beta of 1.32. The firm’s 50 day simple moving average is $82.06 and its 200 day simple moving average is $78.67.

Johnson Controls International (NYSE:JCI) last issued its quarterly earnings results on Wednesday, February 5th. The company reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.59 by $0.05. Johnson Controls International had a net margin of 6.83% and a return on equity of 15.11%. On average, research analysts anticipate that Johnson Controls International plc will post 3.64 earnings per share for the current year.

Johnson Controls International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Monday, December 23rd were paid a $0.37 dividend. The ex-dividend date of this dividend was Monday, December 23rd. This represents a $1.48 annualized dividend and a dividend yield of 1.76%. Johnson Controls International’s payout ratio is 56.49%.

Insider Transactions at Johnson Controls International

In other Johnson Controls International news, CEO George Oliver sold 124,497 shares of the stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $82.67, for a total transaction of $10,292,166.99. Following the completion of the sale, the chief executive officer now owns 1,267,716 shares of the company’s stock, valued at approximately $104,802,081.72. This represents a 8.94 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Nathan D. Manning sold 1,421 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $76.44, for a total transaction of $108,621.24. Following the completion of the transaction, the vice president now owns 148,346 shares in the company, valued at $11,339,568.24. This trade represents a 0.95 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 708,700 shares of company stock worth $62,083,088 over the last ninety days. 0.54% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities analysts have recently commented on JCI shares. Barclays boosted their target price on shares of Johnson Controls International from $75.00 to $83.00 and gave the company an “equal weight” rating in a research report on Thursday, December 5th. Melius cut Johnson Controls International from a “buy” rating to a “hold” rating and set a $95.00 target price for the company. in a research note on Tuesday, January 28th. JPMorgan Chase & Co. lifted their price target on Johnson Controls International from $87.00 to $100.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Oppenheimer upped 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. Finally, Wells Fargo & Company raised their price objective on Johnson Controls International from $92.00 to $98.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Eight research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $91.13.

Johnson Controls International 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.