Rempart Asset Management Inc. Has $21.74 Million Stock Position in Johnson Controls International plc (NYSE:JCI)

Rempart Asset Management Inc. reduced its position in shares of Johnson Controls International plc (NYSE:JCI) by 2.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 275,378 shares of the company’s stock after selling 7,940 shares during the period. Johnson Controls International comprises about 4.3% of Rempart Asset Management Inc.’s investment portfolio, making the stock its 11th biggest position. Rempart Asset Management Inc.’s holdings in Johnson Controls International were worth $21,736,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Fortitude Family Office LLC grew its holdings in Johnson Controls International by 195.8% during the 3rd quarter. Fortitude Family Office LLC now owns 420 shares of the company’s stock worth $33,000 after acquiring an additional 278 shares during the last quarter. Wolff Wiese Magana LLC raised its position in shares of Johnson Controls International by 977.3% during the third quarter. Wolff Wiese Magana LLC now owns 474 shares of the company’s stock worth $37,000 after acquiring an additional 430 shares during the last quarter. Western Pacific Wealth Management LP acquired a new position in shares of Johnson Controls International during the third quarter valued at $44,000. Larson Financial Group LLC raised its holdings in Johnson Controls International by 169.3% during the 3rd quarter. Larson Financial Group LLC now owns 738 shares of the company’s stock worth $57,000 after purchasing an additional 464 shares during the last quarter. Finally, Ashton Thomas Securities LLC acquired a new stake in shares of Johnson Controls International during the 3rd quarter worth approximately $61,000. 90.05% of the stock is currently owned by institutional investors and hedge funds.

Johnson Controls International Stock Performance

Shares of Johnson Controls International stock traded down $0.11 during trading on Wednesday, hitting $79.06. 226,636 shares of the stock were exchanged, compared to its average volume of 1,801,438. Johnson Controls International plc has a 1-year low of $51.71 and a 1-year high of $87.16. The stock has a market capitalization of $52.35 billion, a price-to-earnings ratio of 31.13, a price-to-earnings-growth ratio of 2.31 and a beta of 1.32. The company has a fifty day moving average price of $81.66 and a 200-day moving average price of $75.08. The company has a current ratio of 0.94, a quick ratio of 0.79 and a debt-to-equity ratio of 0.46.

Johnson Controls International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Monday, December 23rd will be paid a dividend of $0.37 per share. The ex-dividend date is Monday, December 23rd. This represents a $1.48 annualized dividend and a dividend yield of 1.87%. Johnson Controls International’s dividend payout ratio is currently 58.27%.

Insider Activity at Johnson Controls International

In related news, CEO George Oliver sold 110,616 shares of Johnson Controls International stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $84.60, for a total transaction of $9,358,113.60. Following the completion of the sale, the chief executive officer now directly owns 1,244,617 shares of the company’s stock, valued at approximately $105,294,598.20. This trade represents a 8.16 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Marlon Sullivan sold 7,230 shares of the company’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $83.35, for a total value of $602,620.50. Following the completion of the transaction, the executive vice president now directly owns 32,246 shares in the company, valued at approximately $2,687,704.10. This represents a 18.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 758,588 shares of company stock worth $62,480,987. Company insiders own 0.69% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Bank of America raised their price objective on shares of Johnson Controls International from $80.00 to $95.00 and gave the company a “buy” rating in a research note on Friday, September 27th. Wells Fargo & Company reduced their price objective on shares of Johnson Controls International from $95.00 to $92.00 and set an “overweight” rating on the stock in a research note on Tuesday. Royal Bank of Canada upped their target price on shares of Johnson Controls International from $81.00 to $86.00 and gave the company a “sector perform” rating in a research note on Thursday, November 7th. StockNews.com cut shares of Johnson Controls International from a “buy” rating to a “hold” rating in a research report on Wednesday, November 20th. Finally, Argus upgraded shares of Johnson Controls International from a “hold” rating to a “buy” rating and set a $88.00 price objective for the company in a research report on Friday, December 20th. Ten analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $81.07.

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.