Johnson Controls International plc (NYSE:JCI) Stake Reduced by Elo Mutual Pension Insurance Co

Elo Mutual Pension Insurance Co decreased its holdings in shares of Johnson Controls International plc (NYSE:JCI) by 7.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 65,040 shares of the company’s stock after selling 4,880 shares during the period. Elo Mutual Pension Insurance Co’s holdings in Johnson Controls International were worth $5,134,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Great Valley Advisor Group Inc. acquired a new position in Johnson Controls International in the third quarter worth approximately $200,000. Cerity Partners LLC grew its holdings in shares of Johnson Controls International by 35.9% in the 3rd quarter. Cerity Partners LLC now owns 56,493 shares of the company’s stock worth $4,385,000 after acquiring an additional 14,925 shares during the last quarter. Kingsview Wealth Management LLC grew its holdings in shares of Johnson Controls International by 25.3% in the 3rd quarter. Kingsview Wealth Management LLC now owns 5,436 shares of the company’s stock worth $422,000 after acquiring an additional 1,099 shares during the last quarter. Larson Financial Group LLC raised its position in shares of Johnson Controls International by 169.3% during the third quarter. Larson Financial Group LLC now owns 738 shares of the company’s stock worth $57,000 after purchasing an additional 464 shares during the period. Finally, Summit Trail Advisors LLC lifted its holdings in shares of Johnson Controls International by 26.4% during the third quarter. Summit Trail Advisors LLC now owns 4,695 shares of the company’s stock valued at $366,000 after purchasing an additional 980 shares during the last quarter. Institutional investors and hedge funds own 90.05% of the company’s stock.

Johnson Controls International Stock Performance

Shares of JCI opened at $82.23 on Friday. The firm has a market cap of $54.28 billion, a price-to-earnings ratio of 31.39, a price-to-earnings-growth ratio of 1.96 and a beta of 1.32. The company’s fifty day moving average is $82.99 and its 200-day moving average is $80.43. 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 plc has a 12 month low of $59.83 and a 12 month high of $91.14.

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

Johnson Controls International Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. UBS Group raised Johnson Controls International from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $90.00 to $103.00 in a research note on Monday, February 10th. Argus upgraded shares of Johnson Controls International from a “hold” rating to a “buy” rating and set a $88.00 price target on the stock in a report on Friday, December 20th. Citigroup decreased their price objective on shares of Johnson Controls International from $85.00 to $84.00 and set a “neutral” rating for the company in a research note on Monday, January 13th. Melius downgraded shares of 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. Finally, Barclays decreased their target price on Johnson Controls International from $88.00 to $85.00 and set an “equal weight” rating for the company in a research report on Monday, March 10th. Eight investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, Johnson Controls International currently has a consensus rating of “Moderate Buy” and an average price target of $91.27.

Insider Buying and Selling

In related news, VP Daniel C. Mcconeghy sold 1,950 shares of the firm’s stock in a transaction 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 transaction, the vice president now directly owns 24,803 shares in the company, valued at approximately $2,175,967.19. This trade represents a 7.29 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director George Oliver sold 15,669 shares of the business’s stock in a transaction on Friday, March 14th. The stock was sold at an average price of $77.49, for a total transaction of $1,214,190.81. Following the transaction, the director now directly owns 1,003,893 shares of the company’s stock, valued at approximately $77,791,668.57. This represents a 1.54 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 905,864 shares of company stock worth $77,824,710. 0.54% of the stock is currently owned by 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.