Johnson Controls International plc (NYSE:JCI) Shares Acquired by Rempart Asset Management Inc.

Rempart Asset Management Inc. lifted its holdings in shares of Johnson Controls International plc (NYSE:JCI) by 7.8% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 218,591 shares of the company’s stock after purchasing an additional 15,798 shares during the quarter. Johnson Controls International comprises about 3.1% of Rempart Asset Management Inc.’s holdings, making the stock its 19th biggest holding. Rempart Asset Management Inc.’s holdings in Johnson Controls International were worth $14,895,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. Geode Capital Management LLC lifted its position in shares of Johnson Controls International by 1.8% during the first quarter. Geode Capital Management LLC now owns 12,241,814 shares of the company’s stock worth $735,258,000 after purchasing an additional 214,832 shares in the last quarter. Fisher Asset Management LLC lifted its position in shares of Johnson Controls International by 107.3% during the first quarter. Fisher Asset Management LLC now owns 11,334,597 shares of the company’s stock worth $682,569,000 after purchasing an additional 5,865,996 shares in the last quarter. Morgan Stanley lifted its position in shares of Johnson Controls International by 40.7% during the fourth quarter. Morgan Stanley now owns 9,990,590 shares of the company’s stock worth $639,398,000 after purchasing an additional 2,890,395 shares in the last quarter. Putnam Investments LLC lifted its position in shares of Johnson Controls International by 0.5% during the first quarter. Putnam Investments LLC now owns 8,817,559 shares of the company’s stock worth $530,993,000 after purchasing an additional 44,284 shares in the last quarter. Finally, FMR LLC lifted its position in shares of Johnson Controls International by 11.0% during the first quarter. FMR LLC now owns 7,394,940 shares of the company’s stock worth $445,323,000 after purchasing an additional 729,986 shares in the last quarter. Institutional investors and hedge funds own 88.64% of the company’s stock.

Insider Activity at Johnson Controls International

In related news, CEO George Oliver sold 103,332 shares of Johnson Controls International stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $59.23, for a total value of $6,120,354.36. Following the transaction, the chief executive officer now directly owns 979,759 shares in the company, valued at approximately $58,031,125.57. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.71% of the stock is currently owned by insiders.

Johnson Controls International Stock Performance

Shares of JCI traded up $0.01 during mid-day trading on Friday, reaching $57.13. 5,428,356 shares of the company’s stock were exchanged, compared to its average volume of 3,846,045. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.08 and a quick ratio of 0.80. The stock has a market capitalization of $38.87 billion, a PE ratio of 19.11, a price-to-earnings-growth ratio of 1.14 and a beta of 1.25. The business’s fifty day simple moving average is $62.53 and its 200-day simple moving average is $61.97. Johnson Controls International plc has a 52-week low of $48.82 and a 52-week high of $70.43.

Johnson Controls International (NYSE:JCI) last announced its earnings results on Wednesday, August 2nd. The company reported $1.03 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.03. Johnson Controls International had a net margin of 7.74% and a return on equity of 13.69%. The business had revenue of $7.13 billion for the quarter, compared to analyst estimates of $7.20 billion. During the same period last year, the firm posted $0.85 earnings per share. The company’s revenue for the quarter was up 7.8% compared to the same quarter last year. On average, equities research analysts expect that Johnson Controls International plc will post 3.55 earnings per share for the current year.

Johnson Controls International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 20th. Investors of record on Monday, September 25th will be given a $0.37 dividend. The ex-dividend date is Friday, September 22nd. This represents a $1.48 dividend on an annualized basis and a yield of 2.59%. Johnson Controls International’s dividend payout ratio (DPR) is 49.50%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on JCI. Royal Bank of Canada reduced their target price on shares of Johnson Controls International from $68.00 to $67.00 and set a “sector perform” rating on the stock in a report on Thursday, August 3rd. Wells Fargo & Company raised their target price on shares of Johnson Controls International from $69.00 to $74.00 in a report on Monday, July 10th. Barclays reduced their target price on shares of Johnson Controls International from $69.00 to $66.00 in a report on Thursday, September 7th. Oppenheimer reduced their target price on shares of Johnson Controls International from $79.00 to $78.00 and set an “outperform” rating on the stock in a report on Thursday, August 3rd. Finally, Morgan Stanley reduced their target price on shares of Johnson Controls International from $77.00 to $73.00 and set an “overweight” rating on the stock in a report on Thursday, August 3rd. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $71.08.

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.