Concurrent Investment Advisors LLC Reduces Stake in Johnson Controls International plc (NYSE:JCI)

Concurrent Investment Advisors LLC trimmed its stake in Johnson Controls International plc (NYSE:JCI) by 2.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,087 shares of the company’s stock after selling 172 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in Johnson Controls International were worth $480,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Private Advisor Group LLC raised its position in shares of Johnson Controls International by 7.9% in the third quarter. Private Advisor Group LLC now owns 25,087 shares of the company’s stock valued at $1,947,000 after purchasing an additional 1,833 shares during the period. International Assets Investment Management LLC bought a new stake in shares of Johnson Controls International in the third quarter valued at approximately $7,692,000. Assenagon Asset Management S.A. raised its position in shares of Johnson Controls International by 14.2% in the third quarter. Assenagon Asset Management S.A. now owns 26,762 shares of the company’s stock valued at $2,077,000 after purchasing an additional 3,334 shares during the period. Dakota Wealth Management bought a new stake in shares of Johnson Controls International in the third quarter valued at approximately $220,000. Finally, Mirae Asset Global Investments Co. Ltd. raised its position in shares of Johnson Controls International by 41.0% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 64,657 shares of the company’s stock valued at $4,992,000 after purchasing an additional 18,800 shares during the period. 90.05% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP Marlon Sullivan sold 7,230 shares of the company’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $83.35, for a total value of $602,620.50. Following the completion of the sale, the executive vice president now owns 32,246 shares of the company’s stock, valued at approximately $2,687,704.10. This represents a 18.31 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Nathan D. Manning sold 1,421 shares of the company’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $76.44, for a total transaction of $108,621.24. Following the completion of the sale, the vice president now directly owns 148,346 shares of the company’s stock, valued at $11,339,568.24. This trade represents a 0.95 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 708,700 shares of company stock valued at $62,083,088. Corporate insiders own 0.54% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Melius lowered shares of Johnson Controls International from a “buy” rating to a “hold” rating and set a $95.00 price target on the stock. in a research report on Tuesday, January 28th. Wells Fargo & Company boosted their price target on shares of Johnson Controls International from $92.00 to $98.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Oppenheimer upped their target price on shares of Johnson Controls International from $86.00 to $87.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Citigroup decreased their target price on shares of Johnson Controls International from $85.00 to $84.00 and set a “neutral” rating on the stock in a report on Monday, January 13th. Finally, Barclays upped their target price on shares of Johnson Controls International from $75.00 to $83.00 and gave the stock an “equal weight” rating in a report on Thursday, December 5th. Eight research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Johnson Controls International currently has an average rating of “Moderate Buy” and a consensus price target of $91.13.

Johnson Controls International Price Performance

Shares of NYSE:JCI opened at $83.87 on Tuesday. The company’s fifty day moving average price is $82.06 and its 200-day moving average price is $78.67. The firm has a market capitalization of $55.36 billion, a price-to-earnings ratio of 32.01, a PEG ratio of 1.96 and a beta of 1.32. Johnson Controls International plc has a one year low of $58.15 and a one year high of $91.14. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.02 and a quick ratio of 0.86.

Johnson Controls International (NYSE:JCI) last issued its quarterly earnings results on Wednesday, February 5th. The company reported $0.64 EPS for the quarter, topping 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, equities research analysts anticipate that Johnson Controls International plc will post 3.64 earnings per share for the current fiscal year.

Johnson Controls International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Monday, December 23rd were paid a $0.37 dividend. The ex-dividend date of this dividend was Monday, December 23rd. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.76%. Johnson Controls International’s dividend payout ratio (DPR) is 56.49%.

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.