Johnson Controls International plc (NYSE:JCI) Shares Sold by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. reduced its stake in shares of Johnson Controls International plc (NYSE:JCI) by 1.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 322,348 shares of the company’s stock after selling 3,114 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Johnson Controls International were worth $25,443,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. State Street Corp lifted its position in Johnson Controls International by 1.1% during the 3rd quarter. State Street Corp now owns 27,939,766 shares of the company’s stock worth $2,178,595,000 after acquiring an additional 300,712 shares during the period. Fisher Asset Management LLC raised its position in Johnson Controls International by 3.4% during the 3rd quarter. Fisher Asset Management LLC now owns 15,295,506 shares of the company’s stock worth $1,187,084,000 after buying an additional 509,293 shares during the last quarter. Geode Capital Management LLC lifted its stake in Johnson Controls International by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 13,475,260 shares of the company’s stock valued at $1,041,822,000 after acquiring an additional 71,493 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Johnson Controls International by 514.9% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,391,562 shares of the company’s stock valued at $418,439,000 after acquiring an additional 4,514,792 shares during the last quarter. Finally, National Pension Service increased its stake in shares of Johnson Controls International by 11.7% in the third quarter. National Pension Service now owns 1,962,417 shares of the company’s stock worth $152,303,000 after acquiring an additional 204,854 shares during the period. 90.05% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Melius downgraded shares of Johnson Controls International from a “buy” rating to a “hold” rating and set a $95.00 target price for the company. in a research report on Tuesday, January 28th. Royal Bank of Canada upped their target price on Johnson Controls International from $86.00 to $93.00 and gave the stock a “sector perform” rating in a research note on Thursday, February 6th. JPMorgan Chase & Co. lifted their price target on Johnson Controls International from $87.00 to $100.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Oppenheimer upped their price objective on Johnson Controls International from $86.00 to $87.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Finally, Robert W. Baird lifted their target price on shares of Johnson Controls International from $80.00 to $85.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Eight research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $91.13.

Johnson Controls International Price Performance

Johnson Controls International stock opened at $84.97 on Thursday. The company has a quick ratio of 0.86, a current ratio of 1.02 and a debt-to-equity ratio of 0.50. The company has a fifty day simple moving average of $82.22 and a 200-day simple moving average of $78.83. Johnson Controls International plc has a 52-week low of $58.90 and a 52-week high of $91.14. The firm has a market capitalization of $56.09 billion, a price-to-earnings ratio of 32.43, a PEG ratio of 1.96 and a beta of 1.32.

Johnson Controls International (NYSE:JCI) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $0.64 EPS for the quarter, beating 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%. On average, equities analysts anticipate that Johnson Controls International plc will post 3.64 EPS for the current fiscal year.

Johnson Controls International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Monday, December 23rd were given a dividend of $0.37 per share. The ex-dividend date was Monday, December 23rd. This represents a $1.48 annualized dividend and a dividend yield of 1.74%. Johnson Controls International’s payout ratio is 56.49%.

Insider Activity at Johnson Controls International

In related news, EVP Marlon Sullivan sold 7,230 shares of the company’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $83.35, for a total value of $602,620.50. Following the transaction, the executive vice president now directly owns 32,246 shares in the company, valued at approximately $2,687,704.10. This represents a 18.31 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Nathan D. Manning sold 1,421 shares of the firm’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $76.44, for a total value of $108,621.24. Following the sale, the vice president now directly owns 148,346 shares of the company’s stock, valued at approximately $11,339,568.24. This trade represents a 0.95 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 837,963 shares of company stock valued at $72,883,012. 0.54% of the stock is owned by company insiders.

Johnson Controls International Company 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.