Johnson Controls International plc (NYSE:JCI) Position Trimmed by Edgemoor Investment Advisors Inc.

Edgemoor Investment Advisors Inc. trimmed its holdings in shares of Johnson Controls International plc (NYSE:JCI) by 0.5% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 197,677 shares of the company’s stock after selling 979 shares during the quarter. Johnson Controls International accounts for about 1.4% of Edgemoor Investment Advisors Inc.’s portfolio, making the stock its 19th largest holding. Edgemoor Investment Advisors Inc.’s holdings in Johnson Controls International were worth $15,603,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Compass Financial Services Inc purchased a new stake in shares of Johnson Controls International in the 4th quarter valued at approximately $26,000. SBI Securities Co. Ltd. purchased a new stake in shares of Johnson Controls International in the 4th quarter valued at approximately $29,000. Synergy Asset Management LLC purchased a new stake in shares of Johnson Controls International in the 4th quarter valued at approximately $42,000. ST Germain D J Co. Inc. lifted its position in shares of 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 valued at $43,000 after acquiring an additional 134 shares in the last quarter. Finally, Gables Capital Management Inc. lifted its position in shares of Johnson Controls International by 132.0% in the 4th quarter. Gables Capital Management Inc. now owns 580 shares of the company’s stock valued at $46,000 after acquiring an additional 330 shares in the last quarter. 90.05% of the stock is currently owned by institutional investors.

Johnson Controls International Stock Performance

NYSE:JCI opened at $79.78 on Monday. Johnson Controls International plc has a 1 year low of $59.83 and a 1 year high of $91.14. The firm’s fifty day simple moving average is $82.41 and its 200 day simple moving average is $79.79. 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 firm has a market capitalization of $52.67 billion, a PE ratio of 30.45, a PEG ratio of 1.96 and a beta of 1.32.

Johnson Controls International (NYSE:JCI) last posted its earnings results on Wednesday, February 5th. The company reported $0.64 earnings per share (EPS) 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%. On average, sell-side analysts anticipate that Johnson Controls International plc will post 3.64 EPS for the current year.

Johnson Controls International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Monday, March 24th will be given a $0.37 dividend. The ex-dividend date is Monday, March 24th. This represents a $1.48 annualized dividend and a yield of 1.86%. Johnson Controls International’s dividend payout ratio is 56.49%.

Insiders Place Their Bets

In other Johnson Controls International news, VP Nathan D. Manning sold 1,421 shares of the firm’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $76.44, for a total value of $108,621.24. Following the sale, the vice president now directly owns 148,346 shares in the company, valued at $11,339,568.24. This trade represents a 0.95 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Daniel C. Mcconeghy sold 1,950 shares of the firm’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 owns 24,803 shares in the company, valued at $2,175,967.19. This represents a 7.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 906,050 shares of company stock worth $77,839,329 in the last ninety days. Insiders own 0.54% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Barclays reduced their price target on shares of Johnson Controls International from $88.00 to $85.00 and set an “equal weight” rating for the company in a research report on Monday, March 10th. Melius Research reiterated a “hold” rating and issued a $95.00 target price on shares of Johnson Controls International in a research report on Tuesday, January 28th. Argus upgraded shares of Johnson Controls International from a “hold” rating to a “buy” rating and set a $88.00 target price for the company in a research report on Friday, December 20th. Wells Fargo & Company increased their target price on shares of Johnson Controls International from $92.00 to $98.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Finally, Morgan Stanley increased their target price on shares of Johnson Controls International from $95.00 to $105.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. 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 an average rating of “Moderate Buy” and an average price target of $91.27.

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.