Fiduciary Trust Co Lowers Holdings in Johnson Controls International plc (NYSE:JCI)

Fiduciary Trust Co lowered its holdings in Johnson Controls International plc (NYSE:JCI) by 19.8% in the fourth quarter, HoldingsChannel reports. The firm owned 16,418 shares of the company’s stock after selling 4,049 shares during the quarter. Fiduciary Trust Co’s holdings in Johnson Controls International were worth $1,296,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Park Avenue Securities LLC boosted its holdings in Johnson Controls International by 101.5% in the fourth quarter. Park Avenue Securities LLC now owns 26,517 shares of the company’s stock valued at $2,093,000 after purchasing an additional 13,360 shares during the period. Certuity LLC purchased a new position in shares of Johnson Controls International in the 4th quarter valued at about $243,000. BNC Wealth Management LLC acquired a new position in shares of Johnson Controls International during the fourth quarter worth about $2,093,000. Seros Financial LLC acquired a new stake in Johnson Controls International in the fourth quarter valued at approximately $561,000. Finally, Czech National Bank lifted its stake in Johnson Controls International by 6.4% in the fourth quarter. Czech National Bank now owns 144,839 shares of the company’s stock worth $11,432,000 after acquiring an additional 8,758 shares during the last quarter. 90.05% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. UBS Group upgraded 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 report on Monday, February 10th. Citigroup decreased their price target on Johnson Controls International from $95.00 to $85.00 and set a “neutral” rating for the company in a report on Monday, April 14th. Melius lowered Johnson Controls International from a “buy” rating to a “hold” rating and set a $95.00 target price on the stock. in a research report on Tuesday, January 28th. Vertical Research raised Johnson Controls International from a “hold” rating to a “buy” rating and set a $105.00 price target for the company in a report on Thursday. Finally, Melius Research reiterated a “hold” rating and set a $95.00 price target on shares of Johnson Controls International in a research note on Tuesday, January 28th. Eight research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, Johnson Controls International currently has an average rating of “Moderate Buy” and an average target price of $92.94.

Johnson Controls International Price Performance

Shares of JCI opened at $91.96 on Friday. The firm has a market capitalization of $60.71 billion, a PE ratio of 35.10, a P/E/G ratio of 1.96 and a beta of 1.28. The stock’s 50 day moving average is $80.63 and its two-hundred day moving average is $81.60. Johnson Controls International plc has a twelve month low of $64.31 and a twelve month high of $92.41. 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 (NYSE:JCI) last released its quarterly earnings data on Wednesday, May 7th. The company reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.05. Johnson Controls International had a return on equity of 15.11% and a net margin of 6.83%. The firm had revenue of $5.68 billion during the quarter, compared to analysts’ expectations of $5.64 billion. During the same quarter in the prior year, the business posted $0.78 earnings per share. Johnson Controls International’s revenue was up 1.4% compared to the same quarter last year. Research analysts anticipate 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 was paid on Thursday, April 17th. Stockholders of record on Monday, March 24th were given a dividend of $0.37 per share. The ex-dividend date of this dividend was Monday, March 24th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.61%. Johnson Controls International’s payout ratio is 56.49%.

Insider Transactions at Johnson Controls International

In related news, VP Nathan D. Manning sold 1,422 shares of the stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $79.72, for a total value of $113,361.84. Following the sale, the vice president now directly owns 145,502 shares of the company’s stock, valued at approximately $11,599,419.44. This represents a 0.97 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO George Oliver sold 162,894 shares of Johnson Controls International stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $89.28, for a total transaction of $14,543,176.32. Following the transaction, the chief executive officer now owns 1,203,893 shares of the company’s stock, valued at approximately $107,483,567.04. The trade was a 11.92 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 728,458 shares of company stock valued at $62,293,059 in the last quarter. 0.54% of the stock is currently owned by corporate insiders.

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.