LGT Fund Management Co Ltd. Sells 5,655 Shares of Johnson Controls International plc (NYSE:JCI)

LGT Fund Management Co Ltd. cut its stake in Johnson Controls International plc (NYSE:JCI) by 26.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,529 shares of the company’s stock after selling 5,655 shares during the quarter. LGT Fund Management Co Ltd.’s holdings in Johnson Controls International were worth $1,226,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. State Street Corp raised its position in shares of Johnson Controls International by 1.1% in the third quarter. State Street Corp now owns 27,939,766 shares of the company’s stock valued at $2,178,595,000 after purchasing an additional 300,712 shares during the period. Fisher Asset Management LLC increased its position in Johnson Controls International by 2.9% during the fourth quarter. Fisher Asset Management LLC now owns 15,743,019 shares of the company’s stock worth $1,242,597,000 after acquiring an additional 447,513 shares during the period. Geode Capital Management LLC increased its position in Johnson Controls International by 0.5% during the third quarter. Geode Capital Management LLC now owns 13,475,260 shares of the company’s stock worth $1,041,822,000 after acquiring an additional 71,493 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Johnson Controls International by 514.9% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,391,562 shares of the company’s stock worth $418,439,000 after acquiring an additional 4,514,792 shares during the period. Finally, National Pension Service increased its position in Johnson Controls International by 11.7% during the third quarter. National Pension Service now owns 1,962,417 shares of the company’s stock worth $152,303,000 after acquiring an additional 204,854 shares during the period. 90.05% of the stock is owned by institutional investors.

Johnson Controls International Trading Down 3.7 %

JCI opened at $82.48 on Tuesday. The company’s 50 day moving average is $82.48 and its 200-day moving average is $79.24. Johnson Controls International plc has a 1-year low of $59.83 and a 1-year high of $91.14. The company has a current ratio of 1.02, a quick ratio of 0.86 and a debt-to-equity ratio of 0.50. The company has a market cap of $54.45 billion, a P/E ratio of 31.48, a PEG ratio of 1.96 and a beta of 1.32.

Johnson Controls International (NYSE:JCI) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $0.64 earnings per share for the quarter, beating 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%. Equities research analysts predict that Johnson Controls International plc will post 3.64 earnings per share for the current fiscal 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 was Monday, December 23rd. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.79%. Johnson Controls International’s payout ratio is currently 56.49%.

Insider Activity

In related news, CEO George Oliver sold 205,168 shares of Johnson Controls International stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $88.03, for a total transaction 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. This trade represents a 14.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Nathan D. Manning sold 1,421 shares of Johnson Controls International 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 sale, the vice president now owns 148,346 shares in the company, valued at approximately $11,339,568.24. This represents a 0.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 837,777 shares of company stock worth $72,867,455. Corporate insiders own 0.54% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Wells Fargo & Company raised their price target on shares of Johnson Controls International from $92.00 to $98.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. StockNews.com lowered shares of Johnson Controls International from a “buy” rating to a “hold” rating in a research report on Wednesday, November 20th. JPMorgan Chase & Co. raised their price target on shares of Johnson Controls International from $87.00 to $100.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Royal Bank of Canada raised 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 report on Thursday, February 6th. Finally, Oppenheimer raised their price target on shares of 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 research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $91.13.

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.