Perpetual Ltd Sells 1,724 Shares of Johnson Controls International plc (NYSE:JCI)

Perpetual Ltd lowered its position in shares of Johnson Controls International plc (NYSE:JCI) by 0.7% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 252,789 shares of the company’s stock after selling 1,724 shares during the quarter. Perpetual Ltd’s holdings in Johnson Controls International were worth $19,953,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Johnson Controls International by 514.9% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,391,562 shares of the company’s stock valued at $418,439,000 after purchasing an additional 4,514,792 shares during the last quarter. Point72 Asset Management L.P. grew its position in Johnson Controls International by 263.9% during the second quarter. Point72 Asset Management L.P. now owns 1,341,919 shares of the company’s stock valued at $89,197,000 after buying an additional 973,145 shares during the period. Electron Capital Partners LLC grew its position in Johnson Controls International by 81.3% during the second quarter. Electron Capital Partners LLC now owns 1,432,335 shares of the company’s stock valued at $95,207,000 after buying an additional 642,315 shares during the period. Interval Partners LP increased its holdings in Johnson Controls International by 601.5% during the second quarter. Interval Partners LP now owns 676,676 shares of the company’s stock worth $44,979,000 after buying an additional 580,212 shares during the last quarter. Finally, Davidson Kempner Capital Management LP bought a new stake in Johnson Controls International in the second quarter worth about $33,900,000. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Insider Activity

In related news, CEO George Oliver sold 224,152 shares of the stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $82.72, for a total transaction of $18,541,853.44. Following the completion of the sale, the chief executive officer now directly owns 1,166,992 shares in the company, valued at $96,533,578.24. This represents a 16.11 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Marlon Sullivan sold 7,230 shares of the company’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $83.35, for a total transaction of $602,620.50. Following the transaction, the executive vice president now directly owns 32,246 shares of the company’s stock, valued at approximately $2,687,704.10. This trade represents a 18.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 647,787 shares of company stock worth $53,972,452. 0.69% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on JCI. Barclays increased their target price on shares of Johnson Controls International from $75.00 to $83.00 and gave the company an “equal weight” rating in a research report on Thursday, December 5th. Royal Bank of Canada increased their price objective on Johnson Controls International from $81.00 to $86.00 and gave the company a “sector perform” rating in a report on Thursday, November 7th. UBS Group assumed coverage on Johnson Controls International in a research note on Wednesday, November 13th. They issued a “neutral” rating and a $90.00 target price on the stock. StockNews.com downgraded Johnson Controls International from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th. Finally, Argus upgraded Johnson Controls International from a “hold” rating to a “buy” rating and set a $88.00 price objective on the stock in a research note on Friday, December 20th. Ten research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $82.53.

Johnson Controls International Stock Up 1.1 %

JCI stock opened at $81.34 on Tuesday. The company’s 50 day moving average is $81.96 and its 200 day moving average is $75.82. The stock has a market cap of $53.86 billion, a price-to-earnings ratio of 32.02, a price-to-earnings-growth ratio of 2.32 and a beta of 1.32. The company has a current ratio of 0.94, a quick ratio of 0.79 and a debt-to-equity ratio of 0.46. Johnson Controls International plc has a 1-year low of $52.02 and a 1-year high of $87.16.

Johnson Controls International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Monday, December 23rd were issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.82%. The ex-dividend date of this dividend was Monday, December 23rd. Johnson Controls International’s payout ratio is currently 58.27%.

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.