Davis Selected Advisers Cuts Stock Position in Johnson Controls International plc (NYSE:JCI)

Davis Selected Advisers reduced its position in Johnson Controls International plc (NYSE:JCIFree Report) by 0.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 509,477 shares of the company’s stock after selling 3,482 shares during the quarter. Davis Selected Advisers’ holdings in Johnson Controls International were worth $27,109,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of JCI. NBC Securities Inc. acquired a new stake in shares of Johnson Controls International in the third quarter valued at approximately $26,000. Certified Advisory Corp acquired a new stake in shares of Johnson Controls International in the first quarter valued at approximately $26,000. BDO Wealth Advisors LLC boosted its holdings in shares of Johnson Controls International by 145.4% in the second quarter. BDO Wealth Advisors LLC now owns 427 shares of the company’s stock valued at $29,000 after acquiring an additional 253 shares during the period. Moisand Fitzgerald Tamayo LLC acquired a new stake in shares of Johnson Controls International in the third quarter valued at approximately $30,000. Finally, Coppell Advisory Solutions LLC acquired a new stake in shares of Johnson Controls International during the second quarter worth $32,000. 88.64% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on JCI shares. Vertical Research downgraded Johnson Controls International from a “buy” rating to a “hold” rating and set a $55.00 price target for the company. in a report on Wednesday, December 13th. Citigroup increased their price target on Johnson Controls International from $58.00 to $61.00 and gave the stock a “neutral” rating in a report on Monday, December 11th. Barclays decreased their price target on Johnson Controls International from $60.00 to $59.00 and set an “equal weight” rating for the company in a report on Wednesday, January 31st. Royal Bank of Canada decreased their price target on Johnson Controls International from $50.00 to $48.00 and set an “underperform” rating for the company in a report on Wednesday, January 31st. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $66.00 price target on shares of Johnson Controls International in a report on Wednesday, December 13th. One analyst has rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $62.64.

Get Our Latest Analysis on Johnson Controls International

Insiders Place Their Bets

In other Johnson Controls International news, CEO George Oliver sold 103,332 shares of the firm’s stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $52.30, for a total value of $5,404,263.60. Following the sale, the chief executive officer now directly owns 980,403 shares of the company’s stock, valued at approximately $51,275,076.90. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In the last ninety days, insiders have sold 103,892 shares of company stock valued at $5,435,042. Insiders own 0.69% of the company’s stock.

Johnson Controls International Price Performance

NYSE:JCI traded up $0.36 during trading hours on Monday, hitting $55.86. The company’s stock had a trading volume of 141,777 shares, compared to its average volume of 6,248,393. The business’s 50-day moving average is $55.42 and its two-hundred day moving average is $55.38. The company has a market capitalization of $38.07 billion, a PE ratio of 18.08, a PEG ratio of 1.38 and a beta of 1.22. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.73 and a current ratio of 0.97. Johnson Controls International plc has a 52-week low of $47.90 and a 52-week high of $70.43.

Johnson Controls International (NYSE:JCIGet Free Report) last announced its quarterly earnings results on Tuesday, January 30th. The company reported $0.51 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.51. Johnson Controls International had a return on equity of 13.08% and a net margin of 7.85%. The business had revenue of $6.09 billion during the quarter, compared to analysts’ expectations of $6.94 billion. During the same quarter last year, the business posted $0.67 earnings per share. The business’s revenue for the quarter was up .4% on a year-over-year basis. As a group, research analysts anticipate that Johnson Controls International plc will post 3.63 EPS for the current fiscal year.

Johnson Controls International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 12th. Investors of record on Monday, December 18th were given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 2.65%. The ex-dividend date was Friday, December 15th. Johnson Controls International’s dividend payout ratio is presently 48.21%.

Johnson Controls International Company Profile

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding JCI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Johnson Controls International plc (NYSE:JCIFree Report).

Institutional Ownership by Quarter for Johnson Controls International (NYSE:JCI)

Receive News & Ratings for Johnson Controls International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Johnson Controls International and related companies with MarketBeat.com's FREE daily email newsletter.