Ingalls & Snyder LLC Cuts Stake in Johnson Controls International plc (NYSE:JCI)

Ingalls & Snyder LLC lowered its position in shares of Johnson Controls International plc (NYSE:JCI) by 3.9% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 151,795 shares of the company’s stock after selling 6,110 shares during the period. Ingalls & Snyder LLC’s holdings in Johnson Controls International were worth $11,981,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Compass Financial Services Inc purchased a new position in shares of Johnson Controls International during the fourth quarter valued at $26,000. Fortitude Family Office LLC increased its stake in shares of Johnson Controls International by 195.8% during the third quarter. Fortitude Family Office LLC now owns 420 shares of the company’s stock valued at $33,000 after buying an additional 278 shares during the period. Wolff Wiese Magana LLC increased its stake in shares of Johnson Controls International by 977.3% during the third quarter. Wolff Wiese Magana LLC now owns 474 shares of the company’s stock valued at $37,000 after buying an additional 430 shares during the period. Synergy Asset Management LLC purchased a new position in shares of Johnson Controls International during the fourth quarter valued at $42,000. Finally, ST Germain D J Co. Inc. increased its stake 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 valued at $43,000 after buying an additional 134 shares during the period. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Insider Buying and Selling

In other Johnson Controls International news, CEO George Oliver sold 205,168 shares of the business’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $89.07, for a total value of $18,274,313.76. Following the completion of the transaction, the chief executive officer now directly owns 1,260,527 shares of the company’s stock, valued at approximately $112,275,139.89. The trade was a 14.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Daniel C. Mcconeghy sold 1,950 shares of the business’s stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $87.73, for a total value of $171,073.50. Following the completion of the transaction, the vice president now directly owns 24,803 shares of the company’s stock, valued at $2,175,967.19. The trade was a 7.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,061,494 shares of company stock valued at $90,587,400 over the last quarter. 0.54% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

JCI has been the topic of several research reports. Argus upgraded Johnson Controls International from a “hold” rating to a “buy” rating and set a $88.00 price target on the stock in a research note on Friday, December 20th. Melius Research reiterated a “hold” rating and issued a $95.00 target price on shares of Johnson Controls International in a research note on Tuesday, January 28th. Wells Fargo & Company lifted their target price on Johnson Controls International from $92.00 to $98.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Oppenheimer lifted their target price on Johnson Controls International from $86.00 to $87.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Finally, 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 note on Tuesday, January 28th. Eight analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $91.13.

Johnson Controls International Price Performance

Shares of JCI stock opened at $89.02 on Thursday. Johnson Controls International plc has a fifty-two week low of $54.07 and a fifty-two week high of $89.95. The firm has a market capitalization of $58.77 billion, a price-to-earnings ratio of 33.98, a PEG ratio of 2.48 and a beta of 1.32. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.79 and a current ratio of 1.02. The stock’s 50-day simple moving average is $81.18 and its 200-day simple moving average is $77.38.

Johnson Controls International (NYSE:JCI) last released its earnings results on Wednesday, February 5th. The company reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.59 by $0.05. Johnson Controls International had a return on equity of 15.11% and a net margin of 6.83%. As a group, equities analysts forecast that Johnson Controls International plc will post 3.52 earnings per share for the current fiscal year.

Johnson Controls International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Monday, December 23rd were issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.66%. The ex-dividend date of this dividend was Monday, December 23rd. Johnson Controls International’s dividend payout ratio (DPR) is 56.49%.

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.