LRI Investments LLC Sells 385 Shares of Johnson Controls International plc (NYSE:JCI)

LRI Investments LLC reduced its position in shares of Johnson Controls International plc (NYSE:JCI) by 8.6% during the 4th quarter, HoldingsChannel.com reports. The firm owned 4,070 shares of the company’s stock after selling 385 shares during the quarter. LRI Investments LLC’s holdings in Johnson Controls International were worth $321,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in JCI. Barclays PLC grew its position in shares of Johnson Controls International by 6.7% in the 3rd quarter. Barclays PLC now owns 1,685,322 shares of the company’s stock valued at $130,797,000 after buying an additional 105,194 shares during the last quarter. Diversified Trust Co acquired a new position in shares of Johnson Controls International in the fourth quarter worth approximately $215,000. Graypoint LLC boosted its holdings in Johnson Controls International by 4.1% in the fourth quarter. Graypoint LLC now owns 3,277 shares of the company’s stock valued at $259,000 after acquiring an additional 130 shares during the last quarter. Czech National Bank increased its position in Johnson Controls International by 6.4% during the 4th quarter. Czech National Bank now owns 144,839 shares of the company’s stock valued at $11,432,000 after purchasing an additional 8,758 shares during the period. Finally, Trust Co. of Toledo NA OH raised its holdings in Johnson Controls International by 2.4% during the 4th quarter. Trust Co. of Toledo NA OH now owns 26,218 shares of the company’s stock worth $2,069,000 after purchasing an additional 602 shares during the last quarter. Institutional investors and hedge funds own 90.05% of the company’s stock.

Insider Buying and Selling at Johnson Controls International

In other news, Director George Oliver sold 100,000 shares of the stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $91.70, for a total value of $9,170,000.00. Following the completion of the sale, the director now owns 904,305 shares in the company, valued at $82,924,768.50. This represents a 9.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Marc Vandiepenbeeck sold 28,289 shares of the firm’s stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $90.92, for a total transaction of $2,572,035.88. Following the transaction, the chief financial officer now directly owns 147,673 shares in the company, valued at $13,426,429.16. The trade was a 16.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 623,290 shares of company stock worth $53,188,746. Insiders own 0.54% of the company’s stock.

Analyst Upgrades and Downgrades

JCI has been the topic of a number of analyst reports. Vertical Research raised shares of Johnson Controls International from a “hold” rating to a “buy” rating and set a $105.00 price objective on the stock in a research note on Thursday, May 8th. Deutsche Bank Aktiengesellschaft raised shares of Johnson Controls International from a “hold” rating to a “buy” rating and upped their price target for the company from $101.00 to $112.00 in a research report on Monday. Melius Research reissued a “hold” rating and issued a $95.00 price objective on shares of Johnson Controls International in a research report on Tuesday, January 28th. Morgan Stanley upped their target price on Johnson Controls International from $105.00 to $115.00 and gave the company an “overweight” rating in a research report on Friday. Finally, Barclays lowered their target price on Johnson Controls International from $88.00 to $85.00 and set an “equal weight” rating for the company in a report on Monday, March 10th. Eight equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, Johnson Controls International presently has an average rating of “Moderate Buy” and a consensus price target of $94.06.

Johnson Controls International Price Performance

Shares of JCI opened at $95.32 on Tuesday. The business’s fifty day moving average is $80.89 and its 200 day moving average is $81.77. Johnson Controls International plc has a 12-month low of $64.31 and a 12-month high of $95.50. The company has a quick ratio of 0.86, a current ratio of 1.02 and a debt-to-equity ratio of 0.50. The stock has a market cap of $62.72 billion, a P/E ratio of 36.38, a P/E/G ratio of 1.96 and a beta of 1.28.

Johnson Controls International (NYSE:JCI) last released its quarterly earnings data on Wednesday, May 7th. The company reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.77 by $0.05. The firm had revenue of $5.68 billion for the quarter, compared to analyst estimates of $5.64 billion. Johnson Controls International had a net margin of 6.83% and a return on equity of 15.11%. The business’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same period last year, the firm earned $0.78 earnings per share. Sell-side analysts anticipate that Johnson Controls International plc will post 3.64 earnings per share for the current fiscal year.

Johnson Controls International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Monday, March 24th were paid a dividend of $0.37 per share. The ex-dividend date was Monday, March 24th. This represents a $1.48 dividend on an annualized basis and a yield of 1.55%. Johnson Controls International’s dividend payout ratio (DPR) is currently 39.47%.

Johnson Controls International Company 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.