Johnson Controls International plc (NYSE:JCI) Shares Sold by Intact Investment Management Inc.

Intact Investment Management Inc. lowered its stake in shares of Johnson Controls International plc (NYSE:JCI - Free Report) by 33.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 49,600 shares of the company's stock after selling 25,000 shares during the quarter. Intact Investment Management Inc.'s holdings in Johnson Controls International were worth $3,915,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. Atala Financial Inc acquired a new stake in Johnson Controls International in the fourth quarter worth about $129,000. Madison Investment Advisors LLC acquired a new stake in Johnson Controls International in the fourth quarter worth about $213,000. Impact Capital Partners LLC acquired a new stake in Johnson Controls International in the fourth quarter worth about $293,000. Commonwealth Equity Services LLC boosted its holdings in Johnson Controls International by 5.5% in the fourth quarter. Commonwealth Equity Services LLC now owns 147,619 shares of the company's stock worth $11,652,000 after acquiring an additional 7,735 shares in the last quarter. Finally, PGGM Investments boosted its holdings in Johnson Controls International by 62.1% in the fourth quarter. PGGM Investments now owns 78,727 shares of the company's stock worth $6,214,000 after acquiring an additional 30,155 shares in the last quarter. Institutional investors own 90.05% of the company's stock.

Johnson Controls International Stock Performance

JCI stock traded up $1.30 during trading on Wednesday, hitting $82.91. 4,494,940 shares of the company traded hands, compared to its average volume of 4,167,463. The stock's 50-day simple moving average is $82.50 and its 200 day simple moving average is $79.93. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.02 and a quick ratio of 0.86. The company has a market cap of $54.73 billion, a PE ratio of 31.64, a P/E/G ratio of 1.96 and a beta of 1.32. Johnson Controls International plc has a 1 year low of $59.83 and a 1 year high of $91.14.

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Johnson Controls International (NYSE:JCI - Get Free Report) last announced its quarterly earnings results on Wednesday, February 5th. The company reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.05. Johnson Controls International had a return on equity of 15.11% and a net margin of 6.83%. On average, equities analysts expect that Johnson Controls International plc will post 3.64 earnings per share for the current fiscal year.

Johnson Controls International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Monday, March 24th will be issued a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 1.79%. The ex-dividend date is Monday, March 24th. Johnson Controls International's payout ratio is currently 56.49%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Wells Fargo & Company raised their price target on Johnson Controls International from $92.00 to $98.00 and gave the stock an "overweight" rating in a report on Thursday, February 6th. JPMorgan Chase & Co. raised their price objective on Johnson Controls International from $87.00 to $100.00 and gave the stock an "overweight" rating in a research note on Thursday, February 6th. Melius Research restated a "hold" rating and issued a $95.00 price objective on shares of Johnson Controls International in a research note on Tuesday, January 28th. Morgan Stanley raised their price objective on Johnson Controls International from $95.00 to $105.00 and gave the stock an "overweight" rating in a research note on Thursday, February 6th. Finally, StockNews.com cut Johnson Controls International from a "buy" rating to a "hold" rating in a research note on Wednesday, November 20th. Eight research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $91.27.

Insider Buying and Selling at Johnson Controls International

In other Johnson Controls International news, VP Nathan D. Manning sold 1,421 shares of the firm's stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $76.44, for a total value of $108,621.24. Following the sale, the vice president now directly owns 148,346 shares of the company's stock, valued at approximately $11,339,568.24. This trade represents a 0.95 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director George Oliver sold 15,669 shares of the firm's stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $77.49, for a total value of $1,214,190.81. Following the completion of the sale, the director now directly owns 1,003,893 shares in the company, valued at approximately $77,791,668.57. The trade was a 1.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 906,050 shares of company stock valued at $77,839,329. Company insiders own 0.54% of the company's stock.

About Johnson Controls International

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.