Rempart Asset Management Inc. Decreases Position in Johnson Controls International plc (NYSE:JCI)

Rempart Asset Management Inc. reduced its position in Johnson Controls International plc (NYSE:JCI - Free Report) by 2.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 275,378 shares of the company's stock after selling 7,940 shares during the period. Johnson Controls International comprises approximately 4.3% of Rempart Asset Management Inc.'s holdings, making the stock its 11th largest position. Rempart Asset Management Inc.'s holdings in Johnson Controls International were worth $21,736,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Fortitude Family Office LLC grew its stake in shares of Johnson Controls International by 195.8% in the third quarter. Fortitude Family Office LLC now owns 420 shares of the company's stock worth $33,000 after acquiring an additional 278 shares during the period. Wolff Wiese Magana LLC grew its position in Johnson Controls International by 977.3% in the 3rd quarter. Wolff Wiese Magana LLC now owns 474 shares of the company's stock worth $37,000 after purchasing an additional 430 shares during the period. Western Pacific Wealth Management LP purchased a new stake in Johnson Controls International during the 3rd quarter valued at $44,000. Larson Financial Group LLC lifted its holdings in shares of Johnson Controls International by 169.3% during the 3rd quarter. Larson Financial Group LLC now owns 738 shares of the company's stock valued at $57,000 after buying an additional 464 shares during the period. Finally, Ashton Thomas Securities LLC purchased a new position in shares of Johnson Controls International in the 3rd quarter worth $61,000. 90.05% of the stock is owned by institutional investors.

Insider Transactions at Johnson Controls International

In related news, CEO George Oliver sold 110,616 shares of the stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $84.60, for a total transaction of $9,358,113.60. Following the completion of the transaction, the chief executive officer now directly owns 1,244,617 shares of the company's stock, valued at approximately $105,294,598.20. This represents a 8.16 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Marlon Sullivan sold 7,230 shares of the company's stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $83.35, for a total value of $602,620.50. Following the sale, the executive vice president now directly owns 32,246 shares in the company, valued at $2,687,704.10. This trade represents a 18.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 758,588 shares of company stock valued at $62,480,987. 0.69% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

JCI has been the subject of a number of research reports. Oppenheimer upped their price objective on Johnson Controls International from $86.00 to $87.00 and gave the company an "outperform" rating in a research report on Thursday, November 7th. StockNews.com lowered shares of Johnson Controls International from a "buy" rating to a "hold" rating in a research report on Wednesday, November 20th. Wells Fargo & Company dropped their price objective on shares of Johnson Controls International from $95.00 to $92.00 and set an "overweight" rating on the stock in a report on Tuesday. Bank of America upped their target price on shares of Johnson Controls International from $80.00 to $95.00 and gave the company a "buy" rating in a report on Friday, September 27th. Finally, UBS Group assumed coverage on shares of Johnson Controls International in a research note on Wednesday, November 13th. They set a "neutral" rating and a $90.00 price target on the stock. Ten investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $81.07.

Johnson Controls International Price Performance

Shares of NYSE:JCI traded up $0.89 during trading on Wednesday, hitting $80.06. 2,185,119 shares of the company's stock were exchanged, compared to its average volume of 2,216,984. The business's 50-day simple moving average is $81.66 and its 200 day simple moving average is $75.08. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.94 and a quick ratio of 0.79. Johnson Controls International plc has a 52-week low of $51.71 and a 52-week high of $87.16. The company has a market cap of $53.01 billion, a price-to-earnings ratio of 31.52, a PEG ratio of 2.31 and a beta of 1.32.

Johnson Controls International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Monday, December 23rd will be given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 1.85%. The ex-dividend date of this dividend is Monday, December 23rd. Johnson Controls International's payout ratio is currently 58.27%.

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.