Meiji Yasuda Asset Management Co Ltd. Sells 960 Shares of Johnson Controls International plc (NYSE:JCI)

Meiji Yasuda Asset Management Co Ltd. trimmed its position in shares of Johnson Controls International plc (NYSE:JCI – Get Rating) by 4.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 19,341 shares of the company’s stock after selling 960 shares during the quarter. Meiji Yasuda Asset Management Co Ltd.’s holdings in Johnson Controls International were worth $952,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Salem Investment Counselors Inc. grew its stake in Johnson Controls International by 152.4% during the first quarter. Salem Investment Counselors Inc. now owns 588 shares of the company’s stock worth $39,000 after buying an additional 355 shares during the last quarter. Massmutual Trust Co. FSB ADV grew its stake in Johnson Controls International by 48.3% during the third quarter. Massmutual Trust Co. FSB ADV now owns 654 shares of the company’s stock worth $32,000 after buying an additional 213 shares during the last quarter. High Net Worth Advisory Group LLC bought a new stake in Johnson Controls International during the first quarter worth about $46,000. Rosenberg Matthew Hamilton bought a new stake in Johnson Controls International during the third quarter worth about $36,000. Finally, CI Investments Inc. grew its stake in Johnson Controls International by 979.1% during the third quarter. CI Investments Inc. now owns 928 shares of the company’s stock worth $46,000 after buying an additional 842 shares during the last quarter. 88.76% of the stock is owned by institutional investors.

Johnson Controls International Trading Up 3.4 %

JCI opened at $62.57 on Wednesday. The firm’s fifty day moving average is $65.44 and its two-hundred day moving average is $61.51. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.77 and a current ratio of 1.02. The firm has a market cap of $43.00 billion, a PE ratio of 34.01, a price-to-earnings-growth ratio of 1.30 and a beta of 1.23. Johnson Controls International plc has a twelve month low of $45.52 and a twelve month high of $69.60.

Johnson Controls International (NYSE:JCI – Get Rating) last posted its earnings results on Wednesday, February 1st. The company reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.01. The company had revenue of $6.07 billion for the quarter, compared to analyst estimates of $6.25 billion. Johnson Controls International had a net margin of 4.98% and a return on equity of 12.51%. The business’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same period last year, the business posted $0.54 earnings per share. Equities research analysts anticipate that Johnson Controls International plc will post 3.49 EPS for the current year.

Johnson Controls International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 14th. Shareholders of record on Monday, March 20th will be issued a $0.36 dividend. The ex-dividend date of this dividend is Friday, March 17th. This is a positive change from Johnson Controls International’s previous quarterly dividend of $0.35. This represents a $1.44 annualized dividend and a yield of 2.30%. Johnson Controls International’s dividend payout ratio (DPR) is 76.09%.

Insiders Place Their Bets

In other Johnson Controls International news, VP Daniel C. Mcconeghy sold 3,068 shares of the stock in a transaction on Friday, February 10th. The shares were sold at an average price of $64.43, for a total value of $197,671.24. Following the sale, the vice president now directly owns 5,054 shares in the company, valued at $325,629.22. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.71% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on JCI. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Johnson Controls International from $70.00 to $74.00 in a research note on Monday, December 5th. Bank of America cut shares of Johnson Controls International from a “buy” rating to a “neutral” rating and decreased their price target for the company from $85.00 to $72.00 in a research note on Monday, December 12th. Citigroup increased their price target on shares of Johnson Controls International from $64.00 to $68.00 and gave the company a “neutral” rating in a research note on Friday, December 9th. Wells Fargo & Company decreased their price target on shares of Johnson Controls International from $74.00 to $69.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 1st. Finally, Oppenheimer decreased their price target on shares of Johnson Controls International from $76.00 to $72.00 and set an “outperform” rating on the stock in a research note on Thursday, February 2nd. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $70.43.

Johnson Controls International Profile

(Get Rating)

Johnson Controls International Plc engages in the provision of building products, energy solutions, integrated infrastructure and next generation transportation systems. Its technology and service capabilities include fire, security, HVAC, power solutions and energy storage to serve various end markets including large institutions, commercial buildings, retail, industrial, small business and residential.