Concurrent Investment Advisors LLC Reduces Stock Position in Johnson Controls International plc (NYSE:JCI)

Concurrent Investment Advisors LLC lowered its position in shares of Johnson Controls International plc (NYSE:JCI) by 2.7% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 6,087 shares of the company’s stock after selling 172 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in Johnson Controls International were worth $480,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. Metis Global Partners LLC raised its holdings in Johnson Controls International by 0.4% in the 3rd quarter. Metis Global Partners LLC now owns 28,446 shares of the company’s stock worth $2,208,000 after purchasing an additional 127 shares in the last quarter. Gilbert & Cook Inc. raised 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 worth $510,000 after purchasing an additional 127 shares in the last quarter. Graypoint LLC raised its holdings in Johnson Controls International by 4.1% in the 4th quarter. Graypoint LLC now owns 3,277 shares of the company’s stock worth $259,000 after purchasing an additional 130 shares in the last quarter. ST Germain D J Co. Inc. raised its holdings in Johnson Controls International by 32.8% in the 4th quarter. ST Germain D J Co. Inc. now owns 543 shares of the company’s stock worth $43,000 after purchasing an additional 134 shares in the last quarter. Finally, Brooklyn Investment Group raised its holdings in Johnson Controls International by 3.1% in the 4th quarter. Brooklyn Investment Group now owns 4,444 shares of the company’s stock worth $351,000 after purchasing an additional 135 shares in the last quarter. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Johnson Controls International Stock Down 1.7 %

NYSE:JCI opened at $83.87 on Tuesday. The firm has a market cap of $55.36 billion, a P/E ratio of 32.01, a P/E/G ratio of 1.96 and a beta of 1.32. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.86 and a current ratio of 1.02. Johnson Controls International plc has a fifty-two week low of $58.15 and a fifty-two week high of $91.14. The firm has a 50-day simple moving average of $82.06 and a two-hundred day simple moving average of $78.67.

Johnson Controls International (NYSE:JCI) last released its quarterly earnings data 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%. Analysts predict that Johnson Controls International plc will post 3.64 earnings per share for the current fiscal year.

Johnson Controls International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Monday, December 23rd were paid a dividend of $0.37 per share. The ex-dividend date of this dividend was Monday, December 23rd. This represents a $1.48 dividend on an annualized basis and a yield of 1.76%. Johnson Controls International’s dividend payout ratio is currently 56.49%.

Analysts Set New Price Targets

JCI has been the subject of several research reports. Robert W. Baird upped their price objective on shares of Johnson Controls International from $80.00 to $85.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Melius lowered shares of Johnson Controls International from a “buy” rating to a “hold” rating and set a $95.00 price objective for the company. in a report on Tuesday, January 28th. UBS Group upgraded shares of Johnson Controls International from a “neutral” rating to a “buy” rating and increased their price target for the stock from $90.00 to $103.00 in a research note on Monday, February 10th. Argus upgraded shares of Johnson Controls International from a “hold” rating to a “buy” rating and set a $88.00 price target for the company in a research note on Friday, December 20th. Finally, Oppenheimer increased their price target on shares of Johnson Controls International from $86.00 to $87.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Eight investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $91.13.

Insider Activity

In other news, VP Nathan D. Manning sold 1,421 shares of the firm’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $76.44, for a total transaction of $108,621.24. Following the sale, the vice president now 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 SEC, which is available through this link. Also, VP Daniel C. Mcconeghy sold 1,950 shares of the firm’s stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $87.73, for a total transaction of $171,073.50. Following the sale, the vice president now directly owns 24,803 shares in the company, valued at approximately $2,175,967.19. The trade was a 7.29 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 708,700 shares of company stock valued at $62,083,088 in the last 90 days. 0.54% of the stock is currently owned by insiders.

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.