Johnson Controls International plc (NYSE:JCI) Shares Sold by Wilmington Savings Fund Society FSB

Wilmington Savings Fund Society FSB reduced its holdings in shares of Johnson Controls International plc (NYSE:JCI) by 2.8% in the 4th quarter, HoldingsChannel reports. The fund owned 217,793 shares of the company’s stock after selling 6,196 shares during the quarter. Wilmington Savings Fund Society FSB’s holdings in Johnson Controls International were worth $17,190,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in JCI. Metis Global Partners LLC boosted its stake in shares of Johnson Controls International by 0.4% during the third quarter. Metis Global Partners LLC now owns 28,446 shares of the company’s stock valued at $2,208,000 after acquiring an additional 127 shares during the last quarter. Gilbert & Cook Inc. lifted 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 valued at $510,000 after purchasing an additional 127 shares in the last quarter. Graypoint LLC boosted its stake in shares of Johnson Controls International by 4.1% during the 4th quarter. Graypoint LLC now owns 3,277 shares of the company’s stock worth $259,000 after purchasing an additional 130 shares during the last quarter. ST Germain D J Co. Inc. grew its holdings in shares of Johnson Controls International by 32.8% during the fourth quarter. ST Germain D J Co. Inc. now owns 543 shares of the company’s stock worth $43,000 after buying an additional 134 shares in the last quarter. Finally, Brooklyn Investment Group raised its position in shares of Johnson Controls International by 3.1% in the fourth quarter. Brooklyn Investment Group now owns 4,444 shares of the company’s stock valued at $351,000 after buying 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 Price Performance

JCI opened at $87.76 on Friday. The company has a 50 day moving average of $80.85 and a two-hundred day moving average of $76.84. Johnson Controls International plc has a 52-week low of $54.07 and a 52-week high of $88.90. The company has a quick ratio of 0.79, a current ratio of 1.02 and a debt-to-equity ratio of 0.50. The company has a market cap of $57.93 billion, a P/E ratio of 33.50, a P/E/G ratio of 2.48 and a beta of 1.32.

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

Johnson Controls International Announces Dividend

The business 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. The ex-dividend date of this dividend was Monday, December 23rd. This represents a $1.48 annualized dividend and a dividend yield of 1.69%. Johnson Controls International’s payout ratio is currently 56.49%.

Wall Street Analyst Weigh In

JCI has been the topic of a number of analyst reports. Citigroup decreased their target price on shares of 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. JPMorgan Chase & Co. raised their price objective on Johnson Controls International from $87.00 to $100.00 and gave the stock an “overweight” rating in a report on Thursday. Argus upgraded Johnson Controls International from a “hold” rating to a “buy” rating and set a $88.00 target price for the company in a research note on Friday, December 20th. Melius Research reiterated a “hold” rating and set a $95.00 target price on shares of Johnson Controls International in a research report on Tuesday, January 28th. Finally, Oppenheimer lifted their price target on Johnson Controls International from $86.00 to $87.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Nine research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $90.27.

Insider Buying and Selling

In related news, VP Nathan D. Manning sold 1,421 shares of the firm’s stock in a transaction 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 completion of the sale, the vice president now directly owns 148,346 shares of the company’s stock, valued at approximately $11,339,568.24. This trade represents a 0.95 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO George Oliver sold 205,168 shares of the business’s stock in a transaction on Friday, February 7th. The stock was sold at an average price of $88.03, for a total transaction of $18,060,939.04. Following the completion of the transaction, the chief executive officer now owns 1,260,527 shares in the company, valued at $110,964,191.81. This represents a 14.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 856,326 shares of company stock valued at $72,313,086. Corporate 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.