Lyrical Asset Management LP Sells 176,038 Shares of Johnson Controls International plc $JCI

Lyrical Asset Management LP reduced its position in shares of Johnson Controls International plc (NYSE:JCI) by 5.0% during the fourth quarter, Holdings Channel reports. The institutional investor owned 3,357,822 shares of the company’s stock after selling 176,038 shares during the period. Johnson Controls International comprises about 5.6% of Lyrical Asset Management LP’s portfolio, making the stock its 4th largest holding. Lyrical Asset Management LP’s holdings in Johnson Controls International were worth $402,099,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in the company. Twin Tree Management LP raised its stake in Johnson Controls International by 140.9% during the 4th quarter. Twin Tree Management LP now owns 260 shares of the company’s stock worth $31,000 after buying an additional 895 shares during the period. ING Groep NV increased its holdings in Johnson Controls International by 273.2% during the 4th quarter. ING Groep NV now owns 308,080 shares of the company’s stock worth $36,893,000 after purchasing an additional 225,537 shares in the last quarter. Capital International Inc. CA increased its holdings in Johnson Controls International by 3.3% during the 4th quarter. Capital International Inc. CA now owns 76,958 shares of the company’s stock worth $9,216,000 after purchasing an additional 2,431 shares in the last quarter. PBU The Pension Fund of Early Childhood & Youth Educators bought a new stake in Johnson Controls International during the 4th quarter worth approximately $18,132,000. Finally, Flagship Wealth Advisors LLC increased its holdings in Johnson Controls International by 1,642.9% during the 4th quarter. Flagship Wealth Advisors LLC now owns 610 shares of the company’s stock worth $73,000 after purchasing an additional 575 shares in the last quarter. 90.05% of the stock is owned by institutional investors and hedge funds.

Johnson Controls International Stock Performance

Shares of JCI opened at $143.71 on Monday. The company has a current ratio of 1.04, a quick ratio of 0.85 and a debt-to-equity ratio of 0.64. The company has a market capitalization of $87.68 billion, a price-to-earnings ratio of 25.71, a PEG ratio of 1.55 and a beta of 1.33. The stock has a 50 day moving average of $139.11 and a 200 day moving average of $129.79. Johnson Controls International plc has a 12 month low of $100.86 and a 12 month high of $148.38.

Johnson Controls International (NYSE:JCI) last issued its quarterly earnings results on Tuesday, March 31st. The company reported $1.19 EPS for the quarter. The company had revenue of $6.14 billion during the quarter. Johnson Controls International had a return on equity of 19.50% and a net margin of 14.45%. As a group, sell-side analysts forecast that Johnson Controls International plc will post 4.86 earnings per share for the current year.

Johnson Controls International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Monday, June 15th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Monday, June 15th. Johnson Controls International’s dividend payout ratio (DPR) is presently 28.62%.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. BNP Paribas Exane assumed coverage on Johnson Controls International in a report on Tuesday, April 14th. They set an “underperform” rating and a $120.00 price objective for the company. Wells Fargo & Company boosted their price objective on Johnson Controls International from $145.00 to $160.00 and gave the stock an “overweight” rating in a report on Thursday, May 7th. Rothschild & Co Redburn boosted their price objective on Johnson Controls International from $137.00 to $150.00 and gave the stock a “buy” rating in a report on Monday, February 9th. Citigroup boosted their price objective on Johnson Controls International from $150.00 to $155.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. Finally, Mizuho boosted their price objective on Johnson Controls International from $130.00 to $140.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. Eleven research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Johnson Controls International presently has a consensus rating of “Hold” and a consensus price target of $149.79.

Insider Activity at Johnson Controls International

In related news, VP Lei Zhang Schlitz sold 88,809 shares of the stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $140.99, for a total transaction of $12,521,180.91. Following the completion of the sale, the vice president directly owned 57,059 shares of the company’s stock, valued at approximately $8,044,748.41. This trade represents a 60.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.29% of the company’s stock.

Johnson Controls International Profile

Johnson Controls International plc is a global diversified technology and multi‑industrial company that develops products, services and solutions for buildings and energy storage. The company’s core focus is on improving building efficiency, safety and sustainability through a combination of HVAC equipment, building controls and automation, fire and security systems, and related services. Johnson Controls traces its roots to 1885, when inventor Warren S. Johnson developed an electric room thermostat; over its long history the company has expanded from controls into a broad set of building‑related technologies and, through corporate transactions, into a global provider of integrated building solutions.

Johnson Controls’ product and service portfolio includes heating, ventilation and air‑conditioning equipment, chillers, air handlers and related mechanical systems, together with building automation and control platforms that monitor and manage energy use, indoor environmental quality and security.