Johnson Controls International plc $JCI Stake Cut by Engineers Gate Manager LP

Engineers Gate Manager LP cut its position in shares of Johnson Controls International plc (NYSE:JCI) by 55.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 151,386 shares of the company’s stock after selling 187,190 shares during the quarter. Engineers Gate Manager LP’s holdings in Johnson Controls International were worth $18,128,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. UMB Bank n.a. lifted its stake in Johnson Controls International by 2.5% during the fourth quarter. UMB Bank n.a. now owns 3,261 shares of the company’s stock worth $391,000 after purchasing an additional 79 shares during the last quarter. Lcnb Corp lifted its stake in Johnson Controls International by 4.0% in the fourth quarter. Lcnb Corp now owns 2,094 shares of the company’s stock valued at $251,000 after buying an additional 81 shares during the last quarter. Catalyst Financial Partners LLC lifted its stake in Johnson Controls International by 2.5% in the third quarter. Catalyst Financial Partners LLC now owns 3,398 shares of the company’s stock valued at $374,000 after buying an additional 84 shares during the last quarter. Millstone Evans Group LLC lifted its stake in Johnson Controls International by 2.6% in the fourth quarter. Millstone Evans Group LLC now owns 3,427 shares of the company’s stock valued at $410,000 after buying an additional 87 shares during the last quarter. Finally, apricus wealth LLC lifted its stake in Johnson Controls International by 3.1% in the fourth quarter. apricus wealth LLC now owns 2,946 shares of the company’s stock valued at $353,000 after buying an additional 89 shares during the last quarter. 90.05% of the stock is currently owned by institutional investors.

Johnson Controls International Price Performance

NYSE:JCI opened at $143.80 on Thursday. The business’s 50-day moving average price is $141.12 and its 200 day moving average price is $131.46. The firm has a market cap of $87.74 billion, a P/E ratio of 25.72, a PEG ratio of 1.56 and a beta of 1.32. Johnson Controls International plc has a 52-week low of $100.86 and a 52-week high of $149.23. The company has a quick ratio of 0.85, a current ratio of 1.04 and a debt-to-equity ratio of 0.64.

Johnson Controls International (NYSE:JCI) last released its earnings results on Tuesday, March 31st. The company reported $1.19 earnings per share (EPS) for the quarter. The firm had revenue of $6.14 billion for the quarter. Johnson Controls International had a return on equity of 19.50% and a net margin of 14.45%. As a group, sell-side analysts predict that Johnson Controls International plc will post 4.89 earnings per share for the current fiscal year.

Johnson Controls International Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on JCI. Wells Fargo & Company raised their target price on Johnson Controls International from $145.00 to $160.00 and gave the company an “overweight” rating in a research note on Thursday, May 7th. Evercore assumed coverage on Johnson Controls International in a report on Monday, April 13th. They set a “hold” rating and a $155.00 price target on the stock. Citigroup increased their target price on shares of Johnson Controls International from $150.00 to $155.00 and gave the company a “neutral” rating in a research report on Thursday, May 7th. The Goldman Sachs Group increased their target price on shares of Johnson Controls International from $169.00 to $178.00 and gave the company a “buy” rating in a research report on Tuesday, June 2nd. Finally, Mizuho increased their target price on shares of Johnson Controls International from $130.00 to $140.00 and gave the company a “neutral” rating in a research report on Thursday, May 7th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Johnson Controls International has a consensus rating of “Moderate Buy” and a consensus price target of $152.85.

Insider Activity

In related news, VP Lei Zhang Schlitz sold 88,809 shares of the business’s stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $140.99, for a total value of $12,521,180.91. Following the completion of the sale, the vice president directly owned 57,059 shares in the company, valued at approximately $8,044,748.41. The trade was a 60.88% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Todd M. Grabowski sold 1,800 shares of Johnson Controls International stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $146.20, for a total value of $263,160.00. Following the completion of the transaction, the vice president directly owned 26,215 shares in the company, valued at approximately $3,832,633. This represents a 6.43% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 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.