Daiwa Securities Group Inc. Decreases Stake in Johnson Controls International plc $JCI

Daiwa Securities Group Inc. lowered its position in Johnson Controls International plc (NYSE:JCI) by 8.2% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 267,663 shares of the company’s stock after selling 24,013 shares during the period. Daiwa Securities Group Inc.’s holdings in Johnson Controls International were worth $32,052,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. TD Asset Management Inc lifted its holdings in Johnson Controls International by 25.4% in the 4th quarter. TD Asset Management Inc now owns 307,542 shares of the company’s stock valued at $36,828,000 after purchasing an additional 62,296 shares in the last quarter. Cibc World Market Inc. lifted its holdings in Johnson Controls International by 16.1% in the 4th quarter. Cibc World Market Inc. now owns 100,774 shares of the company’s stock valued at $12,068,000 after purchasing an additional 13,992 shares in the last quarter. Marietta Investment Partners LLC increased its stake in shares of Johnson Controls International by 0.7% in the 4th quarter. Marietta Investment Partners LLC now owns 14,178 shares of the company’s stock worth $1,698,000 after acquiring an additional 101 shares during the last quarter. CIBC Asset Management Inc increased its stake in shares of Johnson Controls International by 56.9% in the 4th quarter. CIBC Asset Management Inc now owns 153,929 shares of the company’s stock worth $18,433,000 after acquiring an additional 55,824 shares during the last quarter. Finally, Marble Wealth LLC acquired a new stake in shares of Johnson Controls International in the 4th quarter worth $506,000. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Johnson Controls International Stock Down 2.5%

Shares of NYSE:JCI opened at $143.71 on Friday. The business has a 50-day moving average price of $139.11 and a 200 day moving average price of $129.69. The company has a current ratio of 1.04, a quick ratio of 0.85 and a debt-to-equity ratio of 0.64. The company has a market capitalization of $87.68 billion, a price-to-earnings ratio of 25.71, a PEG ratio of 1.59 and a beta of 1.32. Johnson Controls International plc has a 12-month low of $100.86 and a 12-month high of $148.38.

Johnson Controls International (NYSE:JCI) last issued its quarterly earnings data on Tuesday, March 31st. The company reported $1.19 earnings per share (EPS) for the quarter. The firm 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 expect that Johnson Controls International plc will post 4.86 EPS for the current year.

Johnson Controls International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Monday, June 15th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Monday, June 15th. Johnson Controls International’s dividend payout ratio (DPR) is presently 28.62%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. HSBC raised their target price on Johnson Controls International from $127.00 to $136.00 in a research note on Thursday, May 7th. UBS Group raised their target price on Johnson Controls International from $170.00 to $180.00 and gave the stock a “buy” rating in a research note on Tuesday. Barclays raised their target price on Johnson Controls International from $136.00 to $144.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 7th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $154.00 target price on shares of Johnson Controls International in a research note on Tuesday. Finally, Rothschild & Co Redburn raised their target price on Johnson Controls International from $137.00 to $150.00 and gave the stock a “buy” rating in a research note on Monday, February 9th. Eleven analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $149.79.

Insider Activity

In related news, VP Lei Zhang Schlitz sold 88,809 shares of the firm’s 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 approximately $8,044,748.41. This trade represents a 60.88% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.29% of the company’s stock.

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.