Johnson Controls International plc (NYSE:JCI) Holdings Trimmed by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. lowered its holdings in Johnson Controls International plc (NYSE:JCI) by 3.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,618,127 shares of the company’s stock after selling 60,119 shares during the period. Nomura Asset Management Co. Ltd. owned approximately 0.25% of Johnson Controls International worth $127,719,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Compass Financial Services Inc purchased a new stake in Johnson Controls International in the 4th quarter worth about $26,000. SBI Securities Co. Ltd. purchased a new stake in shares of Johnson Controls International in the fourth quarter worth approximately $29,000. Crowley Wealth Management Inc. acquired a new stake in shares of Johnson Controls International during the fourth quarter worth approximately $42,000. Synergy Asset Management LLC purchased a new position in Johnson Controls International during the fourth quarter valued at approximately $42,000. Finally, ST Germain D J Co. Inc. increased its stake in Johnson Controls International by 32.8% in the 4th quarter. ST Germain D J Co. Inc. now owns 543 shares of the company’s stock valued at $43,000 after buying an additional 134 shares during the period. Institutional investors and hedge funds own 90.05% of the company’s stock.

Insider Transactions at Johnson Controls International

In other Johnson Controls International news, Director George Oliver sold 15,669 shares of the company’s stock in a transaction on Friday, March 14th. The stock was sold at an average price of $77.49, for a total transaction of $1,214,190.81. Following the transaction, the director now owns 1,003,893 shares of the company’s stock, valued at approximately $77,791,668.57. This represents a 1.54 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Nathan D. Manning sold 1,421 shares of the firm’s stock in a transaction dated Monday, February 3rd. The shares were 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 directly 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. In the last quarter, insiders have sold 905,864 shares of company stock valued at $77,824,710. 0.54% of the stock is owned by insiders.

Johnson Controls International Trading Down 0.6 %

Shares of NYSE:JCI opened at $82.23 on Friday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.86 and a current ratio of 1.02. The stock’s 50-day moving average is $82.99 and its 200-day moving average is $80.43. The company has a market cap of $54.28 billion, a P/E ratio of 31.39, a P/E/G ratio of 1.96 and a beta of 1.32. Johnson Controls International plc has a 52-week low of $59.83 and a 52-week high of $91.14.

Johnson Controls International (NYSE:JCI) last announced its earnings results 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%. Equities research analysts predict that Johnson Controls International plc will post 3.64 earnings per share for the current year.

Johnson Controls International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Monday, March 24th will be paid a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 1.80%. The ex-dividend date is Monday, March 24th. Johnson Controls International’s dividend payout ratio is 56.49%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on JCI. Wells Fargo & Company boosted their price target on shares of Johnson Controls International from $92.00 to $98.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. JPMorgan Chase & Co. boosted their target price 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. Barclays cut their price target on Johnson Controls International from $88.00 to $85.00 and set an “equal weight” rating for the company in a research note on Monday, March 10th. Argus raised Johnson Controls International from a “hold” rating to a “buy” rating and set a $88.00 price target for the company in a research note on Friday, December 20th. Finally, UBS Group raised shares of Johnson Controls International from a “neutral” rating to a “buy” rating and raised their price objective 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. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $91.27.

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.