Johnson Controls International plc $JCI Stock Sold by Pictet Asset Management Holding SA
by Scott Moore · The Cerbat GemPictet Asset Management Holding SA reduced its holdings in shares of Johnson Controls International plc (NYSE:JCI – Free Report) by 6.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,186,525 shares of the company’s stock after selling 145,193 shares during the period. Pictet Asset Management Holding SA’s holdings in Johnson Controls International were worth $325,052,000 as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of JCI. First County Bank CT raised its position in shares of Johnson Controls International by 4.2% in the 3rd quarter. First County Bank CT now owns 1,699 shares of the company’s stock worth $253,000 after acquiring an additional 68 shares in the last quarter. Natural Investments LLC lifted its stake in shares of Johnson Controls International by 2.5% in the 2nd quarter. Natural Investments LLC now owns 3,008 shares of the company’s stock valued at $439,000 after purchasing an additional 72 shares during the period. Everhart Financial Group Inc. lifted its stake in shares of Johnson Controls International by 1.1% in the 3rd quarter. Everhart Financial Group Inc. now owns 6,355 shares of the company’s stock valued at $945,000 after purchasing an additional 72 shares during the period. Baron Wealth Management LLC boosted its holdings in shares of Johnson Controls International by 1.6% during the 2nd quarter. Baron Wealth Management LLC now owns 4,705 shares of the company’s stock worth $687,000 after buying an additional 75 shares in the last quarter. Finally, Kaufman Rossin Wealth LLC grew its holdings in Johnson Controls International by 2.0% in the third quarter. Kaufman Rossin Wealth LLC now owns 3,845 shares of the company’s stock worth $572,000 after purchasing an additional 75 shares during the period. 90.05% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several equities research analysts recently issued reports on the company. BNP Paribas Exane upped their price target on Johnson Controls International from $130.00 to $145.00 and gave the stock an “underperform” rating in a report on Wednesday, October 28th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Johnson Controls International in a report on Wednesday, October 7th. Robert W. Baird increased their price target 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. Royal Bank Of Canada lifted their price target on Johnson Controls International from $161.00 to $165.00 and gave the stock a “sector perform” rating in a report on Wednesday, October 14th. Finally, Citigroup boosted their price objective on Johnson Controls International from $170.00 to $172.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 28th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $166.86.
Get Our Latest Analysis on JCI
Insider Buying and Selling
In other news, Director Juergen Tinggren sold 4,000 shares of the firm’s stock in a transaction dated Wednesday, October 28th. The stock was sold at an average price of $159.19, for a total value of $636,760.00. Following the transaction, the director owned 27,236 shares of the company’s stock, valued at $4,335,698.84. This trade represents a 12.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.29% of the stock is currently owned by insiders.
Johnson Controls International Trading Up 2.5%
JCI stock opened at $134.78 on Friday. Johnson Controls International plc has a one year low of $108.41 and a one year high of $160.41. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.75 and a current ratio of 0.90. The company’s 50 day moving average price is $147.11 and its two-hundred day moving average price is $141.47. The company has a market capitalization of $81.64 billion, a PE ratio of 28.80, a price-to-earnings-growth ratio of 1.06 and a beta of 1.27.
Johnson Controls International (NYSE:JCI – Get Free Report) last issued its earnings results on Tuesday, October 27th. The company reported $1.66 earnings per share for the quarter, beating the consensus estimate of $1.59 by $0.07. Johnson Controls International had a return on equity of 23.38% and a net margin of 11.12%. The company had revenue of $7.11 billion during the quarter, compared to analysts’ expectations of $7.04 billion. During the same period in the prior year, the business posted $1.26 EPS. Johnson Controls International’s quarterly revenue was up 10.4% compared to the same quarter last year. As a group, analysts predict that Johnson Controls International plc will post 6.29 earnings per share for the current fiscal year.
Johnson Controls International Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Friday, October 16th. Investors of record on Monday, September 21st were paid a $0.40 dividend. The ex-dividend date was Monday, September 21st. This represents a $1.60 dividend on an annualized basis and a yield of 1.2%. Johnson Controls International’s payout ratio is presently 34.19%.
About Johnson Controls International
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.
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