Hartford Investment Management Co. Decreases Position in Johnson Controls International plc (NYSE:JCI)

Hartford Investment Management Co. lessened its holdings in Johnson Controls International plc (NYSE:JCI) by 1.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 41,217 shares of the company’s stock after selling 797 shares during the quarter. Hartford Investment Management Co.’s holdings in Johnson Controls International were worth $3,253,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Metis Global Partners LLC raised its position in Johnson Controls International by 0.4% in the 3rd quarter. Metis Global Partners LLC now owns 28,446 shares of the company’s stock worth $2,208,000 after purchasing an additional 127 shares during the period. Gilbert & Cook Inc. grew its holdings in Johnson Controls International by 2.0% in the 4th quarter. Gilbert & Cook Inc. now owns 6,458 shares of the company’s stock worth $510,000 after acquiring an additional 127 shares during the last quarter. Graypoint LLC grew its holdings in Johnson Controls International by 4.1% in the 4th quarter. Graypoint LLC now owns 3,277 shares of the company’s stock worth $259,000 after acquiring an additional 130 shares during the last quarter. ST Germain D J Co. Inc. grew its holdings in Johnson Controls International by 32.8% in the 4th quarter. ST Germain D J Co. Inc. now owns 543 shares of the company’s stock worth $43,000 after acquiring an additional 134 shares during the last quarter. Finally, Brooklyn Investment Group grew its holdings in Johnson Controls International by 3.1% in the 4th quarter. Brooklyn Investment Group now owns 4,444 shares of the company’s stock worth $351,000 after acquiring an additional 135 shares during the last quarter. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Johnson Controls International Stock Down 0.2 %

Shares of Johnson Controls International stock opened at $89.02 on Thursday. 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 has a market capitalization of $58.77 billion, a PE ratio of 33.98, a price-to-earnings-growth ratio of 2.48 and a beta of 1.32. Johnson Controls International plc has a 52-week low of $54.07 and a 52-week high of $89.95. The company has a 50-day simple moving average of $81.18 and a two-hundred day simple moving average of $77.38.

Johnson Controls International (NYSE:JCI) last issued its earnings results on Wednesday, February 5th. The company reported $0.64 earnings per share (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%. On average, analysts anticipate that Johnson Controls International plc will post 3.52 EPS for the current fiscal year.

Johnson Controls International Dividend Announcement

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

Analyst Upgrades and Downgrades

JCI has been the topic of a number of recent analyst reports. Melius lowered shares of Johnson Controls International from a “buy” rating to a “hold” rating and set a $95.00 price target on the stock. in a report on Tuesday, January 28th. UBS Group raised shares of Johnson Controls International from a “neutral” rating to a “buy” rating and raised their price target for the stock from $90.00 to $103.00 in a report on Monday. Argus raised 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. Mizuho raised their price target on shares of Johnson Controls International from $62.00 to $75.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th. Finally, Oppenheimer lifted their target price on shares of Johnson Controls International from $86.00 to $87.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Eight analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $91.13.

Insiders Place Their Bets

In other news, CEO George Oliver sold 110,616 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $84.60, for a total transaction of $9,358,113.60. Following the completion of the transaction, the chief executive officer now directly owns 1,244,617 shares of the company’s stock, valued at $105,294,598.20. The trade was a 8.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Nathan D. Manning sold 1,421 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $76.44, for a total transaction of $108,621.24. Following the transaction, the vice president now directly owns 148,346 shares of the company’s stock, valued at $11,339,568.24. The trade was a 0.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,061,494 shares of company stock valued at $90,587,400. Insiders own 0.54% of the company’s stock.

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.