American International Group Inc. Trims Stake in Johnson Controls International plc (NYSE:JCI)

American International Group Inc. lowered its position in Johnson Controls International plc (NYSE:JCI) by 0.8% during the 4th quarter, HoldingsChannel reports. The fund owned 172,802 shares of the company’s stock after selling 1,476 shares during the period. American International Group Inc.’s holdings in Johnson Controls International were worth $9,960,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in JCI. Kestra Advisory Services LLC lifted its holdings in Johnson Controls International by 9.9% during the 3rd quarter. Kestra Advisory Services LLC now owns 15,304 shares of the company’s stock valued at $814,000 after buying an additional 1,379 shares in the last quarter. Prudential PLC purchased a new position in shares of Johnson Controls International in the 3rd quarter worth approximately $1,459,000. Rafferty Asset Management LLC grew its position in shares of Johnson Controls International by 9.2% in the 3rd quarter. Rafferty Asset Management LLC now owns 54,109 shares of the company’s stock worth $2,879,000 after buying an additional 4,566 shares during the last quarter. Envestnet Asset Management Inc. grew its position in shares of Johnson Controls International by 55.7% in the 3rd quarter. Envestnet Asset Management Inc. now owns 1,714,237 shares of the company’s stock worth $91,215,000 after buying an additional 613,341 shares during the last quarter. Finally, Pearl River Capital LLC grew its position in Johnson Controls International by 152.0% during the 3rd quarter. Pearl River Capital LLC now owns 26,556 shares of the company’s stock worth $1,413,000 after purchasing an additional 16,016 shares during the last quarter. Institutional investors own 90.05% of the company’s stock.

Johnson Controls International Trading Down 0.3 %

Shares of JCI opened at $69.12 on Wednesday. The company has a current ratio of 0.87, a quick ratio of 0.65 and a debt-to-equity ratio of 0.44. The firm has a market capitalization of $46.56 billion, a P/E ratio of 27.98, a P/E/G ratio of 1.79 and a beta of 1.29. The firm has a 50-day moving average price of $67.73 and a 200 day moving average price of $61.54. Johnson Controls International plc has a 12-month low of $47.90 and a 12-month high of $74.23.

Johnson Controls International (NYSE:JCI) last announced its earnings results on Wednesday, May 1st. The company reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.75 by $0.03. The company had revenue of $6.70 billion during the quarter, compared to analyst estimates of $7.51 billion. Johnson Controls International had a net margin of 6.32% and a return on equity of 13.21%. Johnson Controls International’s revenue was down 6.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.75 earnings per share. Sell-side analysts forecast that Johnson Controls International plc will post 3.59 EPS for the current year.

Johnson Controls International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 19th. Stockholders of record on Monday, June 24th will be given a dividend of $0.37 per share. The ex-dividend date of this dividend is Monday, June 24th. This represents a $1.48 annualized dividend and a dividend yield of 2.14%. Johnson Controls International’s dividend payout ratio is presently 59.92%.

Analysts Set New Price Targets

Several analysts have weighed in on JCI shares. Argus downgraded shares of Johnson Controls International from a “buy” rating to a “hold” rating in a research report on Tuesday, February 20th. Wells Fargo & Company boosted their target price on shares of Johnson Controls International from $64.00 to $73.00 and gave the company an “overweight” rating in a research note on Tuesday, April 2nd. Barclays decreased their target price on shares of Johnson Controls International from $61.00 to $59.00 and set an “equal weight” rating for the company in a research note on Thursday, May 2nd. Citigroup upped their price objective on shares of Johnson Controls International from $59.00 to $68.00 and gave the stock a “neutral” rating in a research report on Monday, April 8th. Finally, Oppenheimer dropped their target price on shares of Johnson Controls International from $71.00 to $70.00 and set an “outperform” rating for the company in a report on Thursday, May 2nd. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $63.00.

Insider Transactions at Johnson Controls International

In related news, VP Daniel C. Mcconeghy sold 9,342 shares of the firm’s stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $65.50, for a total value of $611,901.00. Following the sale, the vice president now owns 25,378 shares of the company’s stock, valued at $1,662,259. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Johnson Controls International news, Director Juergen Tinggren sold 4,000 shares of the firm’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $62.31, for a total transaction of $249,240.00. Following the sale, the director now owns 30,120 shares of the company’s stock, valued at $1,876,777.20. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Daniel C. Mcconeghy sold 9,342 shares of the firm’s stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $65.50, for a total transaction of $611,901.00. Following the sale, the vice president now directly owns 25,378 shares in the company, valued at approximately $1,662,259. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 16,900 shares of company stock valued at $1,085,145. 0.69% of the stock is currently owned by corporate 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.