Deprince Race & Zollo Inc. Cuts Stock Holdings in Johnson Controls International plc (NYSE:JCI)

Deprince Race & Zollo Inc. lessened its position in Johnson Controls International plc (NYSE:JCI) by 0.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 374,318 shares of the company’s stock after selling 2,974 shares during the quarter. Deprince Race & Zollo Inc. owned about 0.06% of Johnson Controls International worth $29,545,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in JCI. Compass Financial Services Inc acquired a new stake in Johnson Controls International in the 4th quarter valued at about $26,000. SBI Securities Co. Ltd. purchased a new position in shares of Johnson Controls International in the fourth quarter valued at approximately $29,000. Crowley Wealth Management Inc. acquired a new stake in Johnson Controls International during the 4th quarter worth approximately $42,000. Synergy Asset Management LLC purchased a new position in Johnson Controls International in the 4th quarter valued at approximately $42,000. Finally, ST Germain D J Co. Inc. grew its stake in shares of Johnson Controls International by 32.8% in the fourth quarter. ST Germain D J Co. Inc. now owns 543 shares of the company’s stock worth $43,000 after acquiring an additional 134 shares in the last quarter. 90.05% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Johnson Controls International

In other news, VP Nathan D. Manning sold 1,422 shares of Johnson Controls International stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $86.91, for a total value of $123,586.02. Following the completion of the transaction, the vice president now owns 144,704 shares in the company, valued at approximately $12,576,224.64. This trade represents a 0.97 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO George Oliver sold 205,168 shares of the firm’s stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $88.03, for a total transaction of $18,060,939.04. Following the completion of the transaction, the chief executive officer now owns 1,260,527 shares in the company, valued at approximately $110,964,191.81. The trade was a 14.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 905,337 shares of company stock worth $77,781,963. 0.54% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms recently commented on JCI. 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 research note on Monday, March 10th. Morgan Stanley increased their price objective on shares of Johnson Controls International from $95.00 to $105.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. UBS Group raised Johnson Controls International from a “neutral” rating to a “buy” rating and increased their target price for the company from $90.00 to $103.00 in a report on Monday, February 10th. Melius cut Johnson Controls International from a “buy” rating to a “hold” rating and set a $95.00 price objective for the company. in a research report on Tuesday, January 28th. Finally, Royal Bank of Canada boosted their target price on Johnson Controls International from $86.00 to $93.00 and gave the stock a “sector perform” rating in a research note on Thursday, February 6th. Eight analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $90.07.

Johnson Controls International Stock Up 1.0 %

JCI stock opened at $89.68 on Thursday. The company has a 50 day moving average price of $80.23 and a two-hundred day moving average price of $81.36. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.86 and a current ratio of 1.02. The stock has a market capitalization of $59.20 billion, a P/E ratio of 34.23, a PEG ratio of 1.96 and a beta of 1.28. Johnson Controls International plc has a one year low of $64.19 and a one year high of $91.14.

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

Johnson Controls International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Monday, March 24th were issued a $0.37 dividend. The ex-dividend date of this dividend was Monday, March 24th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.65%. Johnson Controls International’s dividend payout ratio (DPR) is 56.49%.

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.