Oppenheimer Asset Management Inc. Lowers Stake in Johnson Controls International plc (NYSE:JCI)

Oppenheimer Asset Management Inc. decreased its position in Johnson Controls International plc (NYSE:JCI) by 1.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 322,348 shares of the company’s stock after selling 3,114 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Johnson Controls International were worth $25,443,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in JCI. Park Avenue Securities LLC raised its holdings in shares of Johnson Controls International by 101.5% in the 4th quarter. Park Avenue Securities LLC now owns 26,517 shares of the company’s stock valued at $2,093,000 after buying an additional 13,360 shares during the period. Certuity LLC acquired a new position in shares of Johnson Controls International in the fourth quarter valued at approximately $243,000. Y Intercept Hong Kong Ltd increased its position in shares of Johnson Controls International by 136.8% during the third quarter. Y Intercept Hong Kong Ltd now owns 91,248 shares of the company’s stock worth $7,082,000 after acquiring an additional 52,719 shares during the period. Geode Capital Management LLC boosted its stake in shares of Johnson Controls International by 0.5% in 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 buying an additional 71,493 shares during the period. Finally, BNC Wealth Management LLC acquired a new stake in Johnson Controls International in the fourth quarter valued at approximately $2,093,000. 90.05% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have commented on JCI. Argus upgraded shares of Johnson Controls International from a “hold” rating to a “buy” rating and set a $88.00 price target for the company in a report on Friday, December 20th. Royal Bank of Canada boosted their target price on shares of 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. StockNews.com cut Johnson Controls International from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th. Melius cut Johnson Controls International from a “buy” rating to a “hold” rating and set a $95.00 price objective for the company. in a research report on Tuesday, January 28th. Finally, Citigroup cut their target price on Johnson Controls International from $85.00 to $84.00 and set a “neutral” rating on the stock in a research report on Monday, January 13th. Eight research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, Johnson Controls International has a consensus rating of “Moderate Buy” and an average target price of $91.13.

Insider Activity at Johnson Controls International

In other news, VP Daniel C. Mcconeghy sold 1,950 shares of the firm’s stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $87.73, for a total value of $171,073.50. Following the completion of the sale, the vice president now directly owns 24,803 shares of the company’s stock, valued at $2,175,967.19. This trade represents a 7.29 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Nathan D. Manning sold 1,421 shares of the company’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 transaction, the vice president now directly owns 148,346 shares in the company, valued at $11,339,568.24. This represents a 0.95 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 837,963 shares of company stock worth $72,883,012 in the last three months. Insiders own 0.54% of the company’s stock.

Johnson Controls International Stock Up 1.3 %

JCI stock opened at $84.97 on Thursday. Johnson Controls International plc has a 12 month low of $58.90 and a 12 month high of $91.14. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.02 and a quick ratio of 0.86. The company has a market cap of $56.09 billion, a price-to-earnings ratio of 32.43, a price-to-earnings-growth ratio of 1.96 and a beta of 1.32. The company has a fifty day moving average price of $82.22 and a 200 day moving average price of $78.83.

Johnson Controls International (NYSE:JCI) last announced its earnings results on Wednesday, February 5th. The company reported $0.64 EPS for the quarter, beating analysts’ consensus estimates of $0.59 by $0.05. Johnson Controls International had a net margin of 6.83% and a return on equity of 15.11%. Sell-side analysts expect that Johnson Controls International plc will post 3.64 earnings per share for the current year.

Johnson Controls International Dividend Announcement

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

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.