Sentry Investment Management LLC Sells 383 Shares of Johnson Controls International plc (NYSE:JCI)

Sentry Investment Management LLC lessened its stake in Johnson Controls International plc (NYSE:JCI) by 9.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,568 shares of the company’s stock after selling 383 shares during the period. Sentry Investment Management LLC’s holdings in Johnson Controls International were worth $206,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Advisory Resource Group lifted its stake in shares of Johnson Controls International by 1.7% during the 1st quarter. Advisory Resource Group now owns 9,910 shares of the company’s stock valued at $597,000 after buying an additional 162 shares in the last quarter. Optimum Investment Advisors lifted its stake in shares of Johnson Controls International by 17.5% during the 4th quarter. Optimum Investment Advisors now owns 1,175 shares of the company’s stock valued at $68,000 after buying an additional 175 shares in the last quarter. Raleigh Capital Management Inc. lifted its stake in shares of Johnson Controls International by 3.9% during the 3rd quarter. Raleigh Capital Management Inc. now owns 4,767 shares of the company’s stock valued at $254,000 after buying an additional 179 shares in the last quarter. BSW Wealth Partners lifted its stake in Johnson Controls International by 4.3% in the 4th quarter. BSW Wealth Partners now owns 4,494 shares of the company’s stock worth $259,000 after purchasing an additional 185 shares in the last quarter. Finally, Penserra Capital Management LLC lifted its stake in Johnson Controls International by 6.0% in the 1st quarter. Penserra Capital Management LLC now owns 3,381 shares of the company’s stock worth $221,000 after purchasing an additional 192 shares in the last quarter. Institutional investors own 90.05% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on JCI shares. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $60.00 price target (down previously from $65.00) on shares of Johnson Controls International in a research note on Wednesday, January 31st. Argus downgraded shares of Johnson Controls International from a “buy” rating to a “hold” rating in a report on Tuesday, February 20th. Barclays boosted their target price on shares of Johnson Controls International from $59.00 to $61.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 2nd. StockNews.com downgraded shares of Johnson Controls International from a “buy” rating to a “hold” rating in a report on Thursday, January 25th. Finally, Melius Research restated a “hold” rating on shares of Johnson Controls International in a report on Tuesday, January 30th. One analyst has rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Johnson Controls International has an average rating of “Hold” and a consensus price target of $64.08.

Johnson Controls International Stock Performance

Johnson Controls International stock opened at $64.22 on Wednesday. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.97 and a quick ratio of 0.73. Johnson Controls International plc has a 1-year low of $47.90 and a 1-year high of $70.43. The firm has a market capitalization of $43.76 billion, a P/E ratio of 20.92, a price-to-earnings-growth ratio of 1.62 and a beta of 1.24. The company’s 50-day moving average is $61.42 and its 200 day moving average is $56.24.

Johnson Controls International (NYSE:JCI) last posted its quarterly earnings data on Tuesday, January 30th. The company reported $0.51 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.51. Johnson Controls International had a net margin of 7.85% and a return on equity of 13.08%. The company had revenue of $6.09 billion for the quarter, compared to analyst estimates of $6.94 billion. During the same period in the prior year, the company posted $0.67 EPS. The firm’s revenue for the quarter was up .4% on a year-over-year basis. Research analysts forecast that Johnson Controls International plc will post 3.61 EPS for the current year.

Johnson Controls International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 19th. Stockholders of record on Monday, March 25th will be given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.30%. The ex-dividend date of this dividend is Friday, March 22nd. Johnson Controls International’s dividend payout ratio (DPR) is presently 48.21%.

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.