IQ EQ FUND MANAGEMENT IRELAND Ltd Sells 3,900 Shares of Johnson Controls International plc (NYSE:JCI)

IQ EQ FUND MANAGEMENT IRELAND Ltd lowered its stake in shares of Johnson Controls International plc (NYSE:JCI) by 27.9% during the fourth quarter, Holdings Channel.com reports. The firm owned 10,072 shares of the company’s stock after selling 3,900 shares during the quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd’s holdings in Johnson Controls International were worth $795,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in JCI. Compass Financial Services Inc bought a new stake in shares of Johnson Controls International in the 4th quarter valued at about $26,000. SBI Securities Co. Ltd. acquired a new stake in Johnson Controls International in the fourth quarter valued at approximately $29,000. Synergy Asset Management LLC acquired a new stake in Johnson Controls International in the fourth quarter valued at approximately $42,000. Crowley Wealth Management Inc. purchased a new position in Johnson Controls International in the fourth quarter worth $42,000. Finally, ST Germain D J Co. Inc. increased its position in shares of Johnson Controls International by 32.8% during the fourth quarter. ST Germain D J Co. Inc. now owns 543 shares of the company’s stock worth $43,000 after purchasing an additional 134 shares in the last quarter. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Insiders Place Their Bets

In related news, VP Nathan D. Manning sold 1,421 shares of the business’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $76.44, for a total transaction of $108,621.24. Following the transaction, the vice president now directly owns 148,346 shares in the company, valued at approximately $11,339,568.24. The trade was a 0.95 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Daniel C. Mcconeghy sold 1,950 shares of the company’s stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $87.73, for a total transaction of $171,073.50. Following the sale, the vice president now directly owns 24,803 shares of the company’s stock, valued at approximately $2,175,967.19. This represents a 7.29 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 905,864 shares of company stock valued at $77,824,710 in the last 90 days. 0.54% of the stock is owned by insiders.

Johnson Controls International Stock Performance

JCI opened at $82.23 on Friday. The firm’s fifty day simple moving average is $82.99 and its two-hundred day simple moving average is $80.43. Johnson Controls International plc has a 52-week low of $59.83 and a 52-week high of $91.14. The company has a market cap of $54.28 billion, a price-to-earnings ratio of 31.39, a PEG ratio of 1.96 and a beta of 1.32. The company has a quick ratio of 0.86, a current ratio of 1.02 and a debt-to-equity ratio of 0.50.

Johnson Controls International (NYSE:JCI) last posted its quarterly earnings data on Wednesday, February 5th. The company reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.59 by $0.05. Johnson Controls International had a return on equity of 15.11% and a net margin of 6.83%. Equities analysts anticipate that Johnson Controls International plc will post 3.64 earnings per share for the current fiscal year.

Johnson Controls International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Monday, March 24th will be issued a $0.37 dividend. The ex-dividend date is Monday, March 24th. This represents a $1.48 dividend on an annualized basis and a yield of 1.80%. Johnson Controls International’s payout ratio is currently 56.49%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on JCI. Citigroup dropped their target price on Johnson Controls International from $85.00 to $84.00 and set a “neutral” rating on the stock in a research note on Monday, January 13th. Melius Research reaffirmed a “hold” rating and issued a $95.00 price target on shares of Johnson Controls International in a report on Tuesday, January 28th. Melius lowered Johnson Controls International from a “buy” rating to a “hold” rating and set a $95.00 price objective on the stock. in a report on Tuesday, January 28th. JPMorgan Chase & Co. raised their price target on shares of Johnson Controls International from $87.00 to $100.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Finally, Wells Fargo & Company raised their target price on shares of Johnson Controls International from $92.00 to $98.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Eight equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, Johnson Controls International has a consensus rating of “Moderate Buy” and a consensus target price of $91.27.

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.