Johnson Controls International plc (NYSE:JCI) Stake Lowered by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC reduced its stake in shares of Johnson Controls International plc (NYSE:JCI) by 70.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 14,808 shares of the company’s stock after selling 34,690 shares during the period. Los Angeles Capital Management LLC’s holdings in Johnson Controls International were worth $1,169,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of JCI. Compass Financial Services Inc acquired a new position in shares of Johnson Controls International during the 4th quarter worth $26,000. Synergy Asset Management LLC acquired a new position in shares of Johnson Controls International during the 4th quarter worth $42,000. ST Germain D J Co. Inc. increased its stake in shares of Johnson Controls International by 32.8% during the 4th 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 last quarter. Western Pacific Wealth Management LP acquired a new position in shares of Johnson Controls International during the 3rd quarter worth $44,000. Finally, Heck Capital Advisors LLC acquired a new position in shares of Johnson Controls International during the 4th quarter worth $48,000. Institutional investors and hedge funds own 90.05% of the company’s stock.

Johnson Controls International Price Performance

Shares of JCI stock opened at $85.68 on Friday. The stock has a 50 day moving average of $82.43 and a two-hundred day moving average of $79.07. The company has a current ratio of 1.02, a quick ratio of 0.86 and a debt-to-equity ratio of 0.50. Johnson Controls International plc has a 12 month low of $59.11 and a 12 month high of $91.14. The company has a market capitalization of $56.56 billion, a P/E ratio of 32.70, a P/E/G ratio of 1.96 and a beta of 1.32.

Johnson Controls International (NYSE:JCI) last announced its quarterly earnings data 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 return on equity of 15.11% and a net margin of 6.83%. As a group, equities analysts expect that Johnson Controls International plc will post 3.64 EPS for the current year.

Johnson Controls International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Monday, December 23rd were given a $0.37 dividend. The ex-dividend date of this dividend was Monday, December 23rd. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.73%. Johnson Controls International’s dividend payout ratio is currently 56.49%.

Insiders Place Their Bets

In other Johnson Controls International news, VP Nathan D. Manning sold 1,421 shares of the company’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $76.44, for a total value of $108,621.24. Following the sale, the vice president now directly owns 148,346 shares in the company, valued at $11,339,568.24. This represents a 0.95 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO George Oliver sold 129,263 shares of Johnson Controls International stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $83.55, for a total value of $10,799,923.65. Following the transaction, the chief executive officer now directly owns 1,203,893 shares of the company’s stock, valued at approximately $100,585,260.15. The trade was a 9.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 837,963 shares of company stock worth $72,883,012. 0.54% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

JCI has been the topic of several analyst reports. Royal Bank of Canada increased their price target on shares of Johnson Controls International from $86.00 to $93.00 and gave the stock a “sector perform” rating in a research note on Thursday, February 6th. Barclays lifted their price target 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. Robert W. Baird lifted their price target on shares of Johnson Controls International from $80.00 to $85.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Melius lowered shares of Johnson Controls International from a “buy” rating to a “hold” rating and set a $95.00 price target on the stock. in a research report on Tuesday, January 28th. Finally, UBS Group raised shares of Johnson Controls International from a “neutral” rating to a “buy” rating and lifted their price target for the company from $90.00 to $103.00 in a research report on Monday, February 10th. Eight analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $91.13.

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.