Johnson Controls International plc $JCI Position Lowered by Handelsbanken Fonder AB

Handelsbanken Fonder AB trimmed its position in Johnson Controls International plc (NYSE:JCI) by 23.1% in the second quarter, Holdings Channel reports. The firm owned 49,745 shares of the company’s stock after selling 14,984 shares during the quarter. Handelsbanken Fonder AB’s holdings in Johnson Controls International were worth $7,268,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. State Street Corp raised its stake in Johnson Controls International by 0.6% during the third quarter. State Street Corp now owns 28,684,645 shares of the company’s stock valued at $3,165,286,000 after buying an additional 163,167 shares in the last quarter. Franklin Resources Inc. grew its position in shares of Johnson Controls International by 3.3% in the 4th quarter. Franklin Resources Inc. now owns 22,655,105 shares of the company’s stock worth $2,712,949,000 after acquiring an additional 718,245 shares in the last quarter. Fisher Asset Management LLC grew its position in shares of Johnson Controls International by 1.7% in the 4th quarter. Fisher Asset Management LLC now owns 17,239,953 shares of the company’s stock worth $2,064,485,000 after acquiring an additional 280,704 shares in the last quarter. Invesco Ltd. increased its holdings in shares of Johnson Controls International by 13.0% in the 4th quarter. Invesco Ltd. now owns 16,003,486 shares of the company’s stock valued at $1,916,417,000 after acquiring an additional 1,837,220 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of Johnson Controls International in the 4th quarter valued at approximately $927,739,000. 90.05% of the stock is owned by institutional investors.

Insider Transactions at Johnson Controls International

In other news, VP Lei Zhang Schlitz sold 23,417 shares of the business’s stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $153.07, for a total transaction of $3,584,440.19. Following the completion of the transaction, the vice president directly owned 15,017 shares in the company, valued at approximately $2,298,652.19. The trade was a 60.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Todd M. Grabowski sold 1,800 shares of the business’s stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $146.20, for a total value of $263,160.00. Following the transaction, the vice president owned 26,215 shares of the company’s stock, valued at approximately $3,832,633. This represents a 6.43% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 0.29% of the company’s stock.

Analyst Ratings Changes

JCI has been the topic of several research analyst reports. UBS Group restated a “buy” rating on shares of Johnson Controls International in a research note on Thursday, July 30th. Mizuho boosted their target price on shares of Johnson Controls International from $130.00 to $140.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. Wolfe Research reissued an “outperform” rating and set a $171.00 target price on shares of Johnson Controls International in a report on Wednesday, June 3rd. Zacks Research downgraded shares of Johnson Controls International from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 6th. Finally, HSBC lifted their price target on shares of Johnson Controls International from $127.00 to $136.00 in a report on Thursday, May 7th. Twelve investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Johnson Controls International presently has a consensus rating of “Hold” and an average price target of $155.50.

Johnson Controls International Stock Up 1.5%

Shares of Johnson Controls International stock opened at $153.73 on Friday. The stock has a market capitalization of $93.12 billion, a price-to-earnings ratio of 26.74, a PEG ratio of 1.46 and a beta of 1.31. Johnson Controls International plc has a twelve month low of $103.07 and a twelve month high of $157.06. The company has a current ratio of 1.00, a quick ratio of 0.83 and a debt-to-equity ratio of 0.61. The business’s 50 day simple moving average is $144.91 and its 200-day simple moving average is $139.75.

Johnson Controls International (NYSE:JCI) last issued its quarterly earnings data on Thursday, July 30th. The company reported $1.42 EPS for the quarter, topping analysts’ consensus estimates of $1.30 by $0.12. Johnson Controls International had a return on equity of 22.11% and a net margin of 14.32%.The firm had revenue of $6.61 billion during the quarter, compared to the consensus estimate of $6.46 billion. During the same period in the prior year, the business earned $1.05 EPS. The firm’s revenue was up 9.3% on a year-over-year basis. Equities research analysts forecast that Johnson Controls International plc will post 5.08 earnings per share for the current year.

Johnson Controls International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 10th. Investors of record on Monday, June 15th were given a $0.40 dividend. The ex-dividend date was Monday, June 15th. This represents a $1.60 annualized dividend and a yield of 1.0%. Johnson Controls International’s dividend payout ratio (DPR) is currently 27.83%.

Johnson Controls International Company Profile

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.