AGF Management Ltd. trimmed its position in shares of Johnson Controls International plc (NYSE:JCI - Free Report) by 13.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 325,131 shares of the company's stock after selling 48,439 shares during the quarter. AGF Management Ltd.'s holdings in Johnson Controls International were worth $25,663,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds also recently modified their holdings of the company. Compass Financial Services Inc acquired a new position in Johnson Controls International during the 4th quarter worth about $26,000. SBI Securities Co. Ltd. bought a new position in shares of Johnson Controls International in the fourth quarter worth about $29,000. Synergy Asset Management LLC acquired a new position in shares of Johnson Controls International during the fourth quarter worth approximately $42,000. ST Germain D J Co. Inc. grew its stake 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 valued at $43,000 after purchasing an additional 134 shares during the last quarter. Finally, Gables Capital Management Inc. increased its holdings in shares of Johnson Controls International by 132.0% in the fourth quarter. Gables Capital Management Inc. now owns 580 shares of the company's stock valued at $46,000 after purchasing an additional 330 shares in the last quarter. Institutional investors and hedge funds own 90.05% of the company's stock.
JCI has been the topic of several research reports. Citigroup reduced their price objective on Johnson Controls International from $85.00 to $84.00 and set a "neutral" rating on the stock in a report on Monday, January 13th. Barclays decreased their price target on Johnson Controls International from $88.00 to $85.00 and set an "equal weight" rating on the stock in a report on Monday. JPMorgan Chase & Co. boosted 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, February 6th. 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. Finally, Morgan Stanley boosted their price target on shares of Johnson Controls International from $95.00 to $105.00 and gave the stock an "overweight" rating in a research note on Thursday, February 6th. Eight analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $91.27.
Check Out Our Latest Stock Report on JCI
Shares of NYSE:JCI traded up $1.75 during trading on Wednesday, hitting $78.74. 4,958,047 shares of the company's stock traded hands, compared to its average volume of 4,715,701. The company has a current ratio of 1.02, a quick ratio of 0.86 and a debt-to-equity ratio of 0.50. The company has a 50-day moving average price of $82.45 and a 200-day moving average price of $79.64. Johnson Controls International plc has a 52 week low of $59.83 and a 52 week high of $91.14. The company has a market cap of $51.98 billion, a price-to-earnings ratio of 30.05, a price-to-earnings-growth ratio of 1.96 and a beta of 1.32.
Johnson Controls International (NYSE:JCI - Get Free Report) last announced its quarterly earnings results on Wednesday, February 5th. The company reported $0.64 earnings per share 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%. As a group, research analysts forecast that Johnson Controls International plc will post 3.64 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Monday, March 24th will be issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.88%. Johnson Controls International's dividend payout ratio (DPR) is 56.49%.
In other news, VP Nathan D. Manning sold 1,421 shares of the firm'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 completion of the transaction, the vice president now directly owns 148,346 shares of the company's stock, valued at $11,339,568.24. This trade represents a 0.95 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Daniel C. Mcconeghy sold 1,950 shares of the business's stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $87.73, for a total transaction of $171,073.50. Following the completion of the sale, the vice president now directly owns 24,803 shares in the company, valued at approximately $2,175,967.19. This represents a 7.29 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 706,050 shares of company stock valued at $61,972,667 over the last three months. Company insiders own 0.54% of the company's stock.
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.
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