LGT Fund Management Co Ltd. Sells 5,655 Shares of Johnson Controls International plc (NYSE:JCI)

LGT Fund Management Co Ltd. reduced its position in shares of Johnson Controls International plc (NYSE:JCI) by 26.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 15,529 shares of the company’s stock after selling 5,655 shares during the period. LGT Fund Management Co Ltd.’s holdings in Johnson Controls International were worth $1,226,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Compass Financial Services Inc bought a new position in Johnson Controls International during the 4th quarter valued at about $26,000. SBI Securities Co. Ltd. bought a new position in Johnson Controls International during the 4th quarter valued at about $29,000. Synergy Asset Management LLC bought a new position in Johnson Controls International during the 4th quarter valued at about $42,000. ST Germain D J Co. Inc. lifted its holdings in Johnson Controls International by 32.8% during the 4th quarter. ST Germain D J Co. Inc. now owns 543 shares of the company’s stock valued at $43,000 after purchasing an additional 134 shares during the last quarter. Finally, Western Pacific Wealth Management LP bought a new position in Johnson Controls International during the 3rd quarter valued at about $44,000. 90.05% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on JCI. JPMorgan Chase & Co. raised their price objective on shares of Johnson Controls International from $87.00 to $100.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Royal Bank of Canada raised their price objective on shares of Johnson Controls International from $86.00 to $93.00 and gave the company a “sector perform” rating in a research report on Thursday, February 6th. Melius cut shares of 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. Morgan Stanley raised their price objective on shares of Johnson Controls International from $95.00 to $105.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Finally, StockNews.com cut shares of Johnson Controls International from a “buy” rating to a “hold” rating in a research report on Wednesday, November 20th. Eight investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $91.13.

Johnson Controls International Stock Performance

Shares of JCI opened at $82.48 on Tuesday. Johnson Controls International plc has a 12 month low of $59.83 and a 12 month high of $91.14. The firm has a fifty day simple moving average of $82.48 and a 200 day simple moving average of $79.24. The stock has a market capitalization of $54.45 billion, a price-to-earnings ratio of 31.48, a PEG ratio of 1.96 and a beta of 1.32. The company has a current ratio of 1.02, a quick ratio of 0.86 and a debt-to-equity ratio of 0.50.

Johnson Controls International (NYSE:JCI) last announced its earnings results on Wednesday, February 5th. The company reported $0.64 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%. Research analysts forecast that Johnson Controls International plc will post 3.64 EPS for the current fiscal year.

Johnson Controls International Dividend Announcement

The firm also recently announced 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 yield of 1.79%. The ex-dividend date was Monday, December 23rd. Johnson Controls International’s payout ratio is 56.49%.

Insider Buying and Selling at Johnson Controls International

In other Johnson Controls International news, VP Daniel C. Mcconeghy sold 1,950 shares of the stock in a transaction on Thursday, February 6th. The shares were 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 owns 24,803 shares in the company, valued at $2,175,967.19. This trade represents a 7.29 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO George Oliver sold 162,894 shares of the stock in a transaction on Friday, February 14th. The shares were sold at an average price of $89.28, for a total transaction of $14,543,176.32. Following the completion of the sale, the chief executive officer now owns 1,203,893 shares of the company’s stock, valued at approximately $107,483,567.04. This represents a 11.92 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 837,777 shares of company stock worth $72,867,455 over the last quarter. 0.54% of the stock is currently owned by 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.