Epoch Investment Partners Inc. Sells 30,283 Shares of Johnson Controls International plc (NYSE:JCI)

Epoch Investment Partners Inc. lessened its position in Johnson Controls International plc (NYSE:JCI) by 2.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,099,135 shares of the company’s stock after selling 30,283 shares during the period. Epoch Investment Partners Inc. owned about 0.16% of Johnson Controls International worth $73,060,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of JCI. Rise Advisors LLC bought a new stake in shares of Johnson Controls International during the 1st quarter worth about $25,000. Continuum Advisory LLC boosted its holdings in shares of Johnson Controls International by 65.2% during the 2nd quarter. Continuum Advisory LLC now owns 527 shares of the company’s stock worth $35,000 after buying an additional 208 shares during the period. Hexagon Capital Partners LLC boosted its holdings in shares of Johnson Controls International by 39.7% during the 2nd quarter. Hexagon Capital Partners LLC now owns 711 shares of the company’s stock worth $47,000 after buying an additional 202 shares during the period. Friedenthal Financial bought a new stake in shares of Johnson Controls International during the 2nd quarter worth about $47,000. Finally, Centerpoint Advisors LLC boosted its holdings in shares of Johnson Controls International by 126.8% during the 1st quarter. Centerpoint Advisors LLC now owns 737 shares of the company’s stock worth $48,000 after buying an additional 412 shares during the period. Institutional investors own 90.05% of the company’s stock.

Insider Activity at Johnson Controls International

In related news, CEO George Oliver sold 110,615 shares of Johnson Controls International stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $72.67, for a total transaction of $8,038,392.05. Following the sale, the chief executive officer now directly owns 1,243,751 shares of the company’s stock, valued at approximately $90,383,385.17. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Johnson Controls International news, COO Nathan D. Manning sold 1,167 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $70.71, for a total transaction of $82,518.57. Following the sale, the chief operating officer now directly owns 103,866 shares of the company’s stock, valued at approximately $7,344,364.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO George Oliver sold 110,615 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $72.67, for a total transaction of $8,038,392.05. Following the sale, the chief executive officer now directly owns 1,243,751 shares in the company, valued at $90,383,385.17. The disclosure for this sale can be found here. In the last three months, insiders have sold 115,046 shares of company stock valued at $8,347,562. 0.69% of the stock is owned by insiders.

Johnson Controls International Price Performance

Shares of NYSE:JCI opened at $74.10 on Friday. The firm has a 50 day moving average of $69.95 and a 200-day moving average of $67.79. The stock has a market capitalization of $49.92 billion, a PE ratio of 30.00, a PEG ratio of 1.91 and a beta of 1.29. The company has a current ratio of 0.96, a quick ratio of 0.73 and a debt-to-equity ratio of 0.46. Johnson Controls International plc has a 12 month low of $47.90 and a 12 month high of $75.36.

Johnson Controls International (NYSE:JCI) last announced its quarterly earnings results on Wednesday, July 31st. The company reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.08 by $0.06. The company had revenue of $7.23 billion for the quarter, compared to analyst estimates of $7.53 billion. Johnson Controls International had a net margin of 6.02% and a return on equity of 13.64%. The firm’s revenue was up 1.4% on a year-over-year basis. During the same period in the previous year, the firm posted $1.03 EPS. On average, equities research analysts predict that Johnson Controls International plc will post 3.67 EPS for the current fiscal year.

Johnson Controls International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 18th. Investors of record on Wednesday, September 25th will be issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 2.00%. The ex-dividend date is Wednesday, September 25th. Johnson Controls International’s dividend payout ratio (DPR) is presently 59.92%.

Analyst Ratings Changes

Several analysts recently commented on JCI shares. Morgan Stanley started coverage on shares of Johnson Controls International in a report on Friday, September 6th. They set an “overweight” rating and a $85.00 target price for the company. Barclays reduced their target price on shares of Johnson Controls International from $62.00 to $61.00 and set an “equal weight” rating for the company in a report on Wednesday, July 10th. Oppenheimer lifted their price objective on shares of Johnson Controls International from $70.00 to $76.00 and gave the stock an “outperform” rating in a research note on Thursday, June 27th. Wells Fargo & Company lifted their price objective on shares of Johnson Controls International from $75.00 to $80.00 and gave the stock an “overweight” rating in a research note on Thursday, August 1st. Finally, The Goldman Sachs Group lifted their price objective on shares of Johnson Controls International from $73.00 to $81.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Eleven analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $70.21.

About Johnson Controls International

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.