Johnson Controls International plc (NYSE:JCI) Shares Sold by Loomis Sayles & Co. L P

Loomis Sayles & Co. L P cut its position in shares of Johnson Controls International plc (NYSE:JCI) by 22.0% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 765 shares of the company’s stock after selling 216 shares during the quarter. Loomis Sayles & Co. L P’s holdings in Johnson Controls International were worth $60,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. NEOS Investment Management LLC raised its stake in shares of Johnson Controls International by 48.8% during the 4th quarter. NEOS Investment Management LLC now owns 46,853 shares of the company’s stock worth $3,698,000 after buying an additional 15,356 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in Johnson Controls International by 2.3% during the 4th quarter. JPMorgan Chase & Co. now owns 2,834,721 shares of the company’s stock valued at $223,745,000 after acquiring an additional 63,762 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in Johnson Controls International by 9.2% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,054,950 shares of the company’s stock worth $84,312,000 after acquiring an additional 88,960 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. lifted its holdings in shares of Johnson Controls International by 1.9% in the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 23,608 shares of the company’s stock valued at $1,863,000 after purchasing an additional 435 shares in the last quarter. Finally, First American Trust FSB acquired a new stake in shares of Johnson Controls International in the fourth quarter valued at approximately $3,609,000. 90.05% of the stock is owned by institutional investors and hedge funds.

Johnson Controls International Stock Performance

NYSE:JCI opened at $79.64 on Monday. Johnson Controls International plc has a fifty-two week low of $59.83 and a fifty-two week high of $91.14. The firm’s 50 day moving average is $82.95 and its two-hundred day moving average is $80.64. The company has a market cap of $52.57 billion, a P/E ratio of 30.40, a P/E/G ratio of 1.96 and a beta of 1.32. The company has a quick ratio of 0.86, a current ratio of 1.02 and a debt-to-equity ratio of 0.50.

Johnson Controls International (NYSE:JCI) last issued its 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 return on equity of 15.11% and a net margin of 6.83%. Analysts expect that Johnson Controls International plc will post 3.64 EPS for the current year.

Johnson Controls International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Monday, March 24th will be issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.86%. The ex-dividend date of this dividend is Monday, March 24th. Johnson Controls International’s payout ratio is currently 56.49%.

Insider Buying and Selling

In related news, VP Daniel C. Mcconeghy sold 1,950 shares of the company’s stock in a transaction on Thursday, February 6th. The shares were 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 of the company’s stock, valued at approximately $2,175,967.19. This represents a 7.29 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director George Oliver sold 15,669 shares of the firm’s stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $77.49, for a total value of $1,214,190.81. Following the completion of the transaction, the director now directly owns 1,003,893 shares in the company, valued at $77,791,668.57. This trade represents a 1.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 905,864 shares of company stock valued at $77,824,710. 0.54% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on JCI shares. Melius Research reaffirmed a “hold” rating and issued a $95.00 target price on shares of Johnson Controls International in a research note on Tuesday, January 28th. Barclays reduced their price objective on Johnson Controls International from $88.00 to $85.00 and set an “equal weight” rating on the stock in a research report on Monday, March 10th. Royal Bank of Canada lifted their price objective on Johnson Controls International from $86.00 to $93.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 6th. Morgan Stanley upped their target price on shares of Johnson Controls International from $95.00 to $105.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Finally, UBS Group raised shares of Johnson Controls International from a “neutral” rating to a “buy” rating and raised their price target for the stock from $90.00 to $103.00 in a research note on Monday, February 10th. Eight research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $91.27.

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.