Johnson Controls International plc $JCI Position Cut by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA lowered its position in Johnson Controls International plc (NYSE:JCI) by 6.2% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,186,525 shares of the company’s stock after selling 145,193 shares during the period. Pictet Asset Management Holding SA owned about 0.36% of Johnson Controls International worth $325,052,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Formidable Asset Management LLC bought a new stake in shares of Johnson Controls International during the third quarter worth $200,000. Parallel Advisors LLC raised its holdings in Johnson Controls International by 5.8% during the third quarter. Parallel Advisors LLC now owns 14,373 shares of the company’s stock worth $2,137,000 after acquiring an additional 782 shares in the last quarter. Plancorp LLC bought a new stake in shares of Johnson Controls International during the 3rd quarter worth approximately $303,000. LightSquare Wealth Management LLC increased its holdings in Johnson Controls International by 4.5% during the third quarter. LightSquare Wealth Management LLC now owns 3,927 shares of the company’s stock worth $584,000 after buying an additional 170 shares during the last quarter. Finally, Alps Advisors Inc. increased its holdings in Johnson Controls International by 2.4% during the third quarter. Alps Advisors Inc. now owns 6,938 shares of the company’s stock worth $1,031,000 after buying an additional 160 shares during the last quarter. 90.05% of the stock is owned by institutional investors.

Johnson Controls International Price Performance

Johnson Controls International stock opened at $134.78 on Friday. The stock has a 50-day moving average price of $147.11 and a two-hundred day moving average price of $141.47. The company has a market capitalization of $81.64 billion, a PE ratio of 28.80, a P/E/G ratio of 1.06 and a beta of 1.27. Johnson Controls International plc has a 12 month low of $108.41 and a 12 month high of $160.41. The company has a current ratio of 0.90, a quick ratio of 0.75 and a debt-to-equity ratio of 0.55.

Johnson Controls International (NYSE:JCI) last posted its earnings results on Tuesday, October 27th. The company reported $1.66 EPS for the quarter, topping the consensus estimate of $1.59 by $0.07. The business had revenue of $7.11 billion for the quarter, compared to the consensus estimate of $7.04 billion. Johnson Controls International had a net margin of 11.12% and a return on equity of 23.38%. The firm’s revenue was up 10.4% compared to the same quarter last year. During the same period last year, the company earned $1.26 EPS. Analysts expect that Johnson Controls International plc will post 6.29 EPS for the current year.

Johnson Controls International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 16th. Stockholders of record on Monday, September 21st were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Monday, September 21st. Johnson Controls International’s dividend payout ratio (DPR) is 34.19%.

Insider Buying and Selling

In other Johnson Controls International news, Director Juergen Tinggren sold 4,000 shares of the stock in a transaction that occurred on Wednesday, October 28th. The shares were sold at an average price of $159.19, for a total transaction of $636,760.00. Following the completion of the sale, the director owned 27,236 shares of the company’s stock, valued at approximately $4,335,698.84. This represents a 12.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.29% of the stock is owned by insiders.

Analyst Ratings Changes

A number of analysts have commented on the stock. Wells Fargo & Company increased their price target on shares of Johnson Controls International from $186.00 to $200.00 and gave the company an “overweight” rating in a research note on Wednesday, October 28th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Johnson Controls International from $180.00 to $178.00 and set a “buy” rating on the stock in a report on Wednesday, September 30th. Robert W. Baird upped their target price on Johnson Controls International from $162.00 to $172.00 and gave the company a “neutral” rating in a research report on Wednesday, October 28th. Citigroup raised their price target on shares of Johnson Controls International from $170.00 to $172.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 28th. Finally, Argus set a $175.00 price objective on Johnson Controls International in a research note on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Johnson Controls International presently has an average rating of “Moderate Buy” and an average target price of $166.86.

Johnson Controls International Company Profile

Johnson Controls International plc develops building technologies, products and services for commercial, industrial and institutional customers. Its offerings include heating, ventilation and air conditioning (HVAC) equipment, building automation and controls, fire detection and suppression systems, and security solutions. The company also provides maintenance, modernization and other services to help customers manage building operations.

Its products and services support facilities such as offices, hospitals, schools, data centers and manufacturing sites.