United Asset Strategies Inc. Sells 18,051 Shares of Johnson Controls International plc $JCI

United Asset Strategies Inc. decreased its position in shares of Johnson Controls International plc (NYSE:JCI) by 87.5% during the 1st quarter, HoldingsChannel.com reports. The fund owned 2,585 shares of the company’s stock after selling 18,051 shares during the period. United Asset Strategies Inc.’s holdings in Johnson Controls International were worth $338,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in JCI. Norges Bank bought a new stake in Johnson Controls International during the fourth quarter worth $927,739,000. Viking Global Investors LP increased its stake in shares of Johnson Controls International by 368.5% in the 3rd quarter. Viking Global Investors LP now owns 6,796,942 shares of the company’s stock valued at $747,324,000 after purchasing an additional 5,346,130 shares during the last quarter. Ameriprise Financial Inc. increased its stake in shares of Johnson Controls International by 140.8% in the 2nd quarter. Ameriprise Financial Inc. now owns 4,575,414 shares of the company’s stock valued at $483,281,000 after purchasing an additional 2,675,157 shares during the last quarter. Invesco Ltd. raised its holdings in shares of Johnson Controls International by 13.0% during the 4th quarter. Invesco Ltd. now owns 16,003,486 shares of the company’s stock worth $1,916,417,000 after buying an additional 1,837,220 shares in the last quarter. Finally, Balyasny Asset Management L.P. lifted its position in shares of Johnson Controls International by 93,932.4% during the 4th quarter. Balyasny Asset Management L.P. now owns 1,809,184 shares of the company’s stock worth $216,650,000 after buying an additional 1,807,260 shares during the last quarter. 90.05% of the stock is owned by institutional investors.

Johnson Controls International Price Performance

JCI stock opened at $140.56 on Wednesday. The company has a market capitalization of $85.76 billion, a P/E ratio of 25.15, a PEG ratio of 1.53 and a beta of 1.31. The company has a fifty day moving average price of $141.97 and a 200-day moving average price of $134.16. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.85 and a current ratio of 1.04. Johnson Controls International plc has a 52-week low of $102.09 and a 52-week high of $151.18.

Johnson Controls International (NYSE:JCI) last issued its quarterly earnings data on Tuesday, March 31st. The company reported $1.19 earnings per share for the quarter. The company had revenue of $6.14 billion for the quarter. Johnson Controls International had a net margin of 14.45% and a return on equity of 19.50%. As a group, equities analysts expect that Johnson Controls International plc will post 4.92 EPS for the current year.

Johnson Controls International Announces Dividend

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

Insider Activity

In related news, VP Todd M. Grabowski sold 1,800 shares of the company’s stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $146.20, for a total value of $263,160.00. Following the sale, the vice president directly owned 26,215 shares in the company, valued at $3,832,633. This represents a 6.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Lei Zhang Schlitz sold 88,809 shares of the company’s stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $140.99, for a total value of $12,521,180.91. Following the completion of the sale, the vice president owned 57,059 shares in the company, valued at $8,044,748.41. The trade was a 60.88% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.29% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on JCI. Wells Fargo & Company raised their price objective on Johnson Controls International from $145.00 to $160.00 and gave the company an “overweight” rating in a research note on Thursday, May 7th. Citigroup boosted their target price on Johnson Controls International from $150.00 to $155.00 and gave the stock a “neutral” rating in a research note on Thursday, May 7th. HSBC raised their price target on shares of Johnson Controls International from $127.00 to $136.00 in a research note on Thursday, May 7th. BNP Paribas Exane initiated coverage on shares of Johnson Controls International in a report on Tuesday, April 14th. They set an “underperform” rating and a $120.00 price target on the stock. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and set a $154.00 price objective on shares of Johnson Controls International in a research report on Tuesday, June 2nd. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $152.85.

About Johnson Controls International

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.