Epoch Investment Partners Inc. Sells 30,283 Shares of Johnson Controls International plc (NYSE:JCI)

Epoch Investment Partners Inc. reduced its position in Johnson Controls International plc (NYSE:JCI) by 2.7% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,099,135 shares of the company’s stock after selling 30,283 shares during the quarter. Epoch Investment Partners Inc.’s holdings in Johnson Controls International were worth $73,060,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. Frank Rimerman Advisors LLC boosted its stake in shares of Johnson Controls International by 12,448.9% in the 2nd quarter. Frank Rimerman Advisors LLC now owns 5,898 shares of the company’s stock valued at $392,000 after purchasing an additional 5,851 shares during the last quarter. ProShare Advisors LLC boosted its stake in shares of Johnson Controls International by 7.3% in the 2nd quarter. ProShare Advisors LLC now owns 93,049 shares of the company’s stock valued at $6,185,000 after purchasing an additional 6,298 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC boosted its stake in shares of Johnson Controls International by 686.4% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 4,445,418 shares of the company’s stock valued at $295,487,000 after purchasing an additional 3,880,146 shares during the last quarter. Summit Trail Advisors LLC boosted its stake in shares of Johnson Controls International by 4.6% in the 2nd quarter. Summit Trail Advisors LLC now owns 3,715 shares of the company’s stock valued at $248,000 after purchasing an additional 163 shares during the last quarter. Finally, AE Wealth Management LLC boosted its stake in shares of Johnson Controls International by 1,512.9% in the 2nd quarter. AE Wealth Management LLC now owns 54,160 shares of the company’s stock valued at $3,600,000 after purchasing an additional 50,802 shares during the last quarter. 90.05% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Royal Bank of Canada upgraded shares of Johnson Controls International from an “underperform” rating to a “sector perform” rating and boosted their target price for the company from $61.00 to $69.00 in a research report on Wednesday, August 14th. Morgan Stanley assumed coverage on shares of Johnson Controls International in a research report on Friday, September 6th. They set an “overweight” rating and a $85.00 target price on the stock. Barclays dropped their target price on shares of Johnson Controls International from $62.00 to $61.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 10th. The Goldman Sachs Group boosted their target price on shares of Johnson Controls International from $73.00 to $81.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Finally, Oppenheimer boosted their target price on shares of Johnson Controls International from $70.00 to $76.00 and gave the company an “outperform” rating in a research report on Thursday, June 27th. Eleven research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $70.21.

Johnson Controls International Stock Performance

Shares of JCI stock opened at $74.10 on Friday. The firm has a 50-day moving average of $69.95 and a 200-day moving average of $67.79. The company has a market cap of $49.92 billion, a P/E ratio of 30.00, a P/E/G ratio of 1.91 and a beta of 1.29. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.96 and a quick ratio of 0.73. Johnson Controls International plc has a one year low of $47.90 and a one year high of $75.36.

Johnson Controls International (NYSE:JCI) last announced its earnings results on Wednesday, July 31st. The company reported $1.14 EPS for the quarter, beating the consensus estimate of $1.08 by $0.06. The company had revenue of $7.23 billion during the quarter, compared to the consensus estimate of $7.53 billion. Johnson Controls International had a net margin of 6.02% and a return on equity of 13.64%. The firm’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.03 earnings per share. Equities research analysts forecast that Johnson Controls International plc will post 3.67 EPS for the current fiscal year.

Johnson Controls International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 18th. Stockholders of record on Wednesday, September 25th will be issued a $0.37 dividend. The ex-dividend date of this dividend is Wednesday, September 25th. This represents a $1.48 annualized dividend and a dividend yield of 2.00%. Johnson Controls International’s dividend payout ratio is currently 59.92%.

Insider Activity

In other news, COO Nathan D. Manning sold 1,167 shares of the stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $66.01, for a total value of $77,033.67. Following the completion of the sale, the chief operating officer now owns 104,556 shares in the company, valued at $6,901,741.56. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, COO Nathan D. Manning sold 1,167 shares of the stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $66.01, for a total transaction of $77,033.67. Following the completion of the transaction, the chief operating officer now owns 104,556 shares in the company, valued at $6,901,741.56. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO George Oliver sold 110,615 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $72.67, for a total transaction of $8,038,392.05. Following the transaction, the chief executive officer now owns 1,243,751 shares of the company’s stock, valued at approximately $90,383,385.17. The disclosure for this sale can be found here. Insiders sold a total of 115,046 shares of company stock worth $8,347,562 over the last quarter. Insiders own 0.69% of the company’s stock.

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.