Jefferies Financial Group Inc. Sells 34,020 Shares of Johnson Controls International plc $JCI

Jefferies Financial Group Inc. cut its stake in shares of Johnson Controls International plc (NYSE:JCI) by 93.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,380 shares of the company’s stock after selling 34,020 shares during the quarter. Jefferies Financial Group Inc.’s holdings in Johnson Controls International were worth $285,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of JCI. Brighton Jones LLC bought a new position in shares of Johnson Controls International during the fourth quarter valued at $222,000. Acadian Asset Management LLC bought a new position in shares of Johnson Controls International during the first quarter valued at $55,000. Sivia Capital Partners LLC increased its holdings in shares of Johnson Controls International by 83.3% during the second quarter. Sivia Capital Partners LLC now owns 7,049 shares of the company’s stock valued at $745,000 after acquiring an additional 3,203 shares in the last quarter. Jump Financial LLC increased its holdings in shares of Johnson Controls International by 3.5% during the second quarter. Jump Financial LLC now owns 12,578 shares of the company’s stock valued at $1,328,000 after acquiring an additional 425 shares in the last quarter. Finally, Federated Hermes Inc. increased its holdings in shares of Johnson Controls International by 120.7% during the second quarter. Federated Hermes Inc. now owns 12,359 shares of the company’s stock valued at $1,305,000 after acquiring an additional 6,760 shares in the last quarter. 90.05% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

JCI has been the topic of several research analyst reports. JPMorgan Chase & Co. upped their target price on shares of Johnson Controls International from $158.00 to $162.00 in a research note on Thursday, May 7th. Wall Street Zen upgraded shares of Johnson Controls International from a “hold” rating to a “buy” rating in a research report on Sunday, May 3rd. Rothschild & Co Redburn raised their target price on shares of Johnson Controls International from $137.00 to $150.00 and gave the stock a “buy” rating in a report on Monday, February 9th. Citigroup lifted their target price on shares of Johnson Controls International from $150.00 to $155.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Finally, Jefferies Financial Group boosted their target price on shares of Johnson Controls International from $125.00 to $135.00 and gave the company a “hold” rating in a research note on Wednesday, April 15th. Eleven equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $147.63.

Johnson Controls International Trading Down 0.0%

Johnson Controls International stock opened at $134.05 on Monday. The business has a 50-day simple moving average of $138.21 and a two-hundred day simple moving average of $128.97. The company has a market cap of $81.78 billion, a P/E ratio of 23.98, a P/E/G ratio of 1.45 and a beta of 1.33. Johnson Controls International plc has a 52-week low of $99.11 and a 52-week high of $147.32. The company has a quick ratio of 0.85, a current ratio of 1.04 and a debt-to-equity ratio of 0.64.

Johnson Controls International (NYSE:JCI) last announced its quarterly earnings data on Tuesday, March 31st. The company reported $1.19 earnings per share (EPS) for the quarter. The company had revenue of $6.14 billion during the quarter. Johnson Controls International had a return on equity of 19.50% and a net margin of 14.45%. Analysts predict that Johnson Controls International plc will post 4.86 EPS for the current year.

Johnson Controls International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 10th. Investors of record on Monday, March 16th were paid a dividend of $0.40 per share. The ex-dividend date was Monday, March 16th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.2%. Johnson Controls International’s payout ratio is 28.62%.

Insider Activity

In related news, VP Lei Zhang Schlitz sold 88,809 shares of the business’s stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $140.99, for a total transaction of $12,521,180.91. Following the completion of the transaction, the vice president directly owned 57,059 shares in the company, valued at approximately $8,044,748.41. The trade was a 60.88% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.29% of the company’s stock.

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.