Savant Capital LLC Trims Stock Position in Johnson Controls International plc $JCI

Savant Capital LLC lessened its position in shares of Johnson Controls International plc (NYSE:JCI) by 84.8% during the 4th quarter, Holdings Channel reports. The institutional investor owned 21,540 shares of the company’s stock after selling 120,430 shares during the quarter. Savant Capital LLC’s holdings in Johnson Controls International were worth $2,579,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. State Street Corp increased its holdings in Johnson Controls International by 0.6% in the 3rd quarter. State Street Corp now owns 28,684,645 shares of the company’s stock valued at $3,165,286,000 after purchasing an additional 163,167 shares during the last quarter. Fisher Asset Management LLC increased its holdings in Johnson Controls International by 1.7% in the 4th quarter. Fisher Asset Management LLC now owns 17,239,953 shares of the company’s stock valued at $2,064,485,000 after purchasing an additional 280,704 shares during the last quarter. Capital World Investors increased its holdings in Johnson Controls International by 0.3% in the 3rd quarter. Capital World Investors now owns 7,535,476 shares of the company’s stock valued at $828,526,000 after purchasing an additional 19,550 shares during the last quarter. Northern Trust Corp increased its holdings in Johnson Controls International by 1.1% in the 3rd quarter. Northern Trust Corp now owns 6,907,287 shares of the company’s stock valued at $759,456,000 after purchasing an additional 72,917 shares during the last quarter. Finally, Viking Global Investors LP increased its holdings in Johnson Controls International by 368.5% in the 3rd quarter. Viking Global Investors LP now owns 6,796,942 shares of the company’s stock valued at $747,324,000 after purchasing an additional 5,346,130 shares during the last quarter. Institutional investors and hedge funds own 90.05% of the company’s stock.

Johnson Controls International Stock Performance

Shares of JCI stock opened at $134.05 on Monday. The company has a market cap of $81.78 billion, a P/E ratio of 23.98, a PEG ratio of 1.45 and a beta of 1.33. The firm has a fifty day moving average price of $138.21 and a 200 day moving average price of $128.97. The company has a current ratio of 1.04, a quick ratio of 0.85 and a debt-to-equity ratio of 0.64. Johnson Controls International plc has a 12 month low of $99.11 and a 12 month high of $147.32.

Johnson Controls International (NYSE:JCI) last announced its quarterly earnings results on Tuesday, March 31st. The company reported $1.19 earnings per share (EPS) for the quarter. The company had revenue of $6.14 billion during the quarter. Johnson Controls International had a return on equity of 19.50% and a net margin of 14.45%. Sell-side analysts predict that Johnson Controls International plc will post 4.86 earnings per share for the current fiscal year.

Johnson Controls International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, April 10th. Shareholders of record on Monday, March 16th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend was Monday, March 16th. Johnson Controls International’s payout ratio is 28.62%.

Insider Transactions at Johnson Controls International

In other Johnson Controls International news, VP Lei Zhang Schlitz sold 88,809 shares of Johnson Controls International stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $140.99, for a total transaction of $12,521,180.91. Following the completion of the sale, the vice president directly owned 57,059 shares of the company’s stock, valued at $8,044,748.41. The trade was a 60.88% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.29% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several analysts recently weighed in on JCI shares. Mizuho lifted their target price on shares of Johnson Controls International from $130.00 to $140.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. Robert W. Baird lifted their target price on shares of Johnson Controls International from $132.00 to $148.00 and gave the company a “neutral” rating in a report on Monday, April 27th. Wells Fargo & Company lifted their target price on shares of Johnson Controls International from $145.00 to $160.00 and gave the company an “overweight” rating in a report on Thursday, May 7th. HSBC lifted their target price on shares of Johnson Controls International from $127.00 to $136.00 in a report on Thursday, May 7th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Johnson Controls International from $158.00 to $162.00 in a report on Thursday, May 7th. Eleven equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $147.63.

Johnson Controls International Profile

Johnson Controls International plc is a global diversified technology and multi‑industrial company that develops products, services and solutions for buildings and energy storage. The company’s core focus is on improving building efficiency, safety and sustainability through a combination of HVAC equipment, building controls and automation, fire and security systems, and related services. Johnson Controls traces its roots to 1885, when inventor Warren S. Johnson developed an electric room thermostat; over its long history the company has expanded from controls into a broad set of building‑related technologies and, through corporate transactions, into a global provider of integrated building solutions.

Johnson Controls’ product and service portfolio includes heating, ventilation and air‑conditioning equipment, chillers, air handlers and related mechanical systems, together with building automation and control platforms that monitor and manage energy use, indoor environmental quality and security.