First Horizon Advisors Inc. Trims Stock Holdings in Johnson Controls International plc (NYSE:JCI)

First Horizon Advisors Inc. lowered its stake in Johnson Controls International plc (NYSE:JCI) by 6.7% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 3,974 shares of the company’s stock after selling 287 shares during the quarter. First Horizon Advisors Inc.’s holdings in Johnson Controls International were worth $314,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Private Advisor Group LLC boosted its position in shares of Johnson Controls International by 7.9% during the 3rd quarter. Private Advisor Group LLC now owns 25,087 shares of the company’s stock worth $1,947,000 after purchasing an additional 1,833 shares during the period. International Assets Investment Management LLC purchased a new position in shares of Johnson Controls International during the third quarter worth $7,692,000. Assenagon Asset Management S.A. grew its stake in shares of Johnson Controls International by 14.2% in the third quarter. Assenagon Asset Management S.A. now owns 26,762 shares of the company’s stock valued at $2,077,000 after buying an additional 3,334 shares in the last quarter. Dakota Wealth Management acquired a new stake in shares of Johnson Controls International in the third quarter valued at $220,000. Finally, Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Johnson Controls International by 41.0% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 64,657 shares of the company’s stock valued at $4,992,000 after buying an additional 18,800 shares during the period. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Analyst Ratings Changes

JCI has been the subject of a number of research analyst reports. Royal Bank of Canada raised their target price on Johnson Controls International from $86.00 to $93.00 and gave the company a “sector perform” rating in a report on Thursday, February 6th. Oppenheimer lifted their price objective on shares of Johnson Controls International from $86.00 to $87.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Argus raised shares of Johnson Controls International from a “hold” rating to a “buy” rating and set a $88.00 target price on the stock in a research note on Friday, December 20th. Melius cut shares of Johnson Controls International from a “buy” rating to a “hold” rating and set a $95.00 price target for the company. in a research report on Tuesday, January 28th. Finally, Morgan Stanley upped their price objective on Johnson Controls International from $95.00 to $105.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Eight analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $91.13.

Insider Buying and Selling

In related news, VP Nathan D. Manning sold 1,421 shares of the company’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $76.44, for a total value of $108,621.24. Following the completion of the sale, the vice president now directly owns 148,346 shares of the company’s stock, valued at $11,339,568.24. This represents a 0.95 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Daniel C. Mcconeghy sold 1,950 shares of Johnson Controls International 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 transaction, the vice president now directly owns 24,803 shares in the company, valued at approximately $2,175,967.19. This trade represents a 7.29 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 708,700 shares of company stock worth $62,083,088 in the last ninety days. 0.54% of the stock is owned by corporate insiders.

Johnson Controls International Trading Down 0.2 %

NYSE:JCI opened at $83.87 on Wednesday. Johnson Controls International plc has a 1 year low of $58.15 and a 1 year high of $91.14. The stock has a market cap of $55.36 billion, a P/E ratio of 32.01, a P/E/G ratio of 1.96 and a beta of 1.32. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.86 and a current ratio of 1.02. The stock has a 50-day simple moving average of $82.10 and a 200-day simple moving average of $78.78.

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

Johnson Controls International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Monday, December 23rd were given a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.76%. The ex-dividend date was Monday, December 23rd. Johnson Controls International’s dividend payout ratio (DPR) is 56.49%.

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.