Cigna Investments Inc. New Sells 203 Shares of Johnson Controls International plc (NYSE:JCI)

Cigna Investments Inc. New trimmed its holdings in shares of Johnson Controls International plc (NYSE:JCI) by 2.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,814 shares of the company’s stock after selling 203 shares during the quarter. Cigna Investments Inc. New’s holdings in Johnson Controls International were worth $538,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Metis Global Partners LLC increased its holdings in Johnson Controls International by 0.4% in the 3rd quarter. Metis Global Partners LLC now owns 28,446 shares of the company’s stock worth $2,208,000 after acquiring an additional 127 shares in the last quarter. Gilbert & Cook Inc. boosted its stake in Johnson Controls International by 2.0% during the 4th quarter. Gilbert & Cook Inc. now owns 6,458 shares of the company’s stock worth $510,000 after purchasing an additional 127 shares during the last quarter. Graypoint LLC boosted its stake in Johnson Controls International by 4.1% during the 4th quarter. Graypoint LLC now owns 3,277 shares of the company’s stock worth $259,000 after purchasing an additional 130 shares during the last quarter. ST Germain D J Co. Inc. boosted its stake in Johnson Controls International by 32.8% during the 4th quarter. ST Germain D J Co. Inc. now owns 543 shares of the company’s stock worth $43,000 after purchasing an additional 134 shares during the last quarter. Finally, Brooklyn Investment Group boosted its stake in Johnson Controls International by 3.1% during the 4th quarter. Brooklyn Investment Group now owns 4,444 shares of the company’s stock worth $351,000 after purchasing an additional 135 shares during the last quarter. 90.05% of the stock is currently owned by institutional investors.

Johnson Controls International Stock Up 2.1 %

JCI stock opened at $89.47 on Tuesday. The company’s 50 day moving average price is $80.93 and its 200 day moving average price is $77.08. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.79 and a current ratio of 1.02. Johnson Controls International plc has a fifty-two week low of $54.07 and a fifty-two week high of $89.95. The firm has a market capitalization of $59.06 billion, a price-to-earnings ratio of 34.15, a PEG ratio of 2.48 and a beta of 1.32.

Johnson Controls International (NYSE:JCI) last announced its quarterly earnings results on Wednesday, February 5th. The company reported $0.64 EPS for the quarter, beating the consensus estimate of $0.59 by $0.05. Johnson Controls International had a net margin of 6.83% and a return on equity of 15.11%. On average, equities research analysts anticipate that Johnson Controls International plc will post 3.52 EPS for the current fiscal year.

Johnson Controls International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Monday, December 23rd were issued a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 1.65%. The ex-dividend date of this dividend was Monday, December 23rd. Johnson Controls International’s payout ratio is currently 56.49%.

Insider Activity

In related news, CEO George Oliver sold 224,152 shares of the stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $82.72, for a total transaction of $18,541,853.44. Following the completion of the sale, the chief executive officer now directly owns 1,166,992 shares of the company’s stock, valued at $96,533,578.24. This trade represents a 16.11 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Nathan D. Manning sold 1,421 shares of the stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $76.44, for a total value of $108,621.24. Following the sale, the vice president now directly owns 148,346 shares of the company’s stock, valued at approximately $11,339,568.24. This represents a 0.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 856,326 shares of company stock valued at $72,313,086. 0.54% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts have issued reports on JCI shares. Royal Bank of Canada lifted their target price on shares of Johnson Controls International from $86.00 to $93.00 and gave the stock a “sector perform” rating in a research note on Thursday, February 6th. Barclays boosted their price target on shares of Johnson Controls International from $75.00 to $83.00 and gave the company an “equal weight” rating in a research report on Thursday, December 5th. Morgan Stanley boosted their price target on shares of Johnson Controls International from $95.00 to $105.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Argus raised shares of Johnson Controls International from a “hold” rating to a “buy” rating and set a $88.00 target price on the stock in a research report on Friday, December 20th. Finally, Oppenheimer upped their target price on shares of Johnson Controls International from $86.00 to $87.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Eight research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $91.13.

Johnson Controls International 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.