Moore Capital Management LP Cuts Position in Johnson Controls International plc (NYSE:JCI)

Moore Capital Management LP reduced its position in shares of Johnson Controls International plc (NYSE:JCI) by 77.4% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 121,659 shares of the company’s stock after selling 416,660 shares during the quarter. Moore Capital Management LP’s holdings in Johnson Controls International were worth $9,603,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Barclays PLC lifted its holdings in shares of Johnson Controls International by 6.7% in the 3rd quarter. Barclays PLC now owns 1,685,322 shares of the company’s stock valued at $130,797,000 after acquiring an additional 105,194 shares during the last quarter. Diversified Trust Co purchased a new position in shares of Johnson Controls International in the 4th quarter worth approximately $215,000. ST Germain D J Co. Inc. increased its position in shares of Johnson Controls International by 32.8% during the 4th quarter. ST Germain D J Co. Inc. now owns 543 shares of the company’s stock valued at $43,000 after purchasing an additional 134 shares during the last quarter. Graypoint LLC raised its holdings in Johnson Controls International by 4.1% during the 4th quarter. Graypoint LLC now owns 3,277 shares of the company’s stock valued at $259,000 after buying an additional 130 shares during the period. Finally, Czech National Bank increased its position in Johnson Controls International by 6.4% during the fourth quarter. Czech National Bank now owns 144,839 shares of the company’s stock valued at $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.

Insider Activity

In other Johnson Controls International news, VP Nathan D. Manning sold 1,422 shares of the company’s stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $86.91, for a total transaction of $123,586.02. Following the completion of the sale, the vice president now directly owns 144,704 shares in the company, valued at $12,576,224.64. This represents a 0.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO George Oliver sold 162,894 shares of the business’s stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $89.28, for a total value of $14,543,176.32. Following the sale, the chief executive officer now owns 1,203,893 shares of the company’s stock, valued at $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 a total of 523,290 shares of company stock valued at $44,018,746 over the last quarter. Corporate insiders own 0.54% of the company’s stock.

Johnson Controls International Price Performance

Johnson Controls International stock opened at $91.96 on Monday. Johnson Controls International plc has a 12-month low of $64.31 and a 12-month high of $97.30. The company has a current ratio of 1.02, a quick ratio of 0.86 and a debt-to-equity ratio of 0.50. The stock has a market cap of $60.51 billion, a P/E ratio of 35.10, a price-to-earnings-growth ratio of 1.96 and a beta of 1.28. The company has a fifty day simple moving average of $80.63 and a 200-day simple moving average of $81.64.

Johnson Controls International (NYSE:JCI) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $5.64 billion. During the same period in the prior year, the company posted $0.78 earnings per share. The firm’s quarterly revenue was up 1.4% compared to the same quarter last year. Equities analysts expect that Johnson Controls International plc will post 3.64 EPS for the current fiscal year.

Johnson Controls International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Monday, March 24th were paid a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 1.61%. The ex-dividend date was Monday, March 24th. Johnson Controls International’s dividend payout ratio (DPR) is presently 39.47%.

Analysts Set New Price Targets

Several brokerages recently commented on JCI. Royal Bank of Canada upped their price target on shares of Johnson Controls International from $82.00 to $98.00 and gave the company a “sector perform” rating in a report on Thursday. Barclays reduced their price target on shares of Johnson Controls International from $88.00 to $85.00 and set an “equal weight” rating on the stock in a research note on Monday, March 10th. Oppenheimer lifted their price target on shares of Johnson Controls International from $90.00 to $96.00 and gave the company an “outperform” rating in a research note on Thursday. Melius Research restated a “hold” rating and set a $95.00 target price on shares of Johnson Controls International in a report on Tuesday, January 28th. Finally, Citigroup reduced their price target on shares of Johnson Controls International from $95.00 to $85.00 and set a “neutral” rating for the company in a research report on Monday, April 14th. Eight investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $92.94.

About Johnson Controls International

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.