91,184 Johnson Controls International plc $JCI Shares Sold by M&G PLC

M&G PLC decreased its position in shares of Johnson Controls International plc (NYSE:JCI) by 4.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,866,202 shares of the company’s stock after selling 91,184 shares during the period. Johnson Controls International makes up approximately 1.4% of M&G PLC’s investment portfolio, making the stock its 16th biggest position. M&G PLC’s holdings in Johnson Controls International were worth $278,064,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in JCI. First County Bank CT boosted its stake in Johnson Controls International by 4.2% during the third quarter. First County Bank CT now owns 1,699 shares of the company’s stock valued at $253,000 after buying an additional 68 shares during the last quarter. Natural Investments LLC increased its stake in Johnson Controls International by 2.5% in the 2nd quarter. Natural Investments LLC now owns 3,008 shares of the company’s stock worth $439,000 after acquiring an additional 72 shares during the last quarter. Everhart Financial Group Inc. raised its holdings in shares of Johnson Controls International by 1.1% during the 3rd quarter. Everhart Financial Group Inc. now owns 6,355 shares of the company’s stock worth $945,000 after acquiring an additional 72 shares in the last quarter. Baron Wealth Management LLC raised its holdings in shares of Johnson Controls International by 1.6% during the 2nd quarter. Baron Wealth Management LLC now owns 4,705 shares of the company’s stock worth $687,000 after acquiring an additional 75 shares in the last quarter. Finally, Kaufman Rossin Wealth LLC raised its holdings in shares of Johnson Controls International by 2.0% during the 3rd quarter. Kaufman Rossin Wealth LLC now owns 3,845 shares of the company’s stock worth $572,000 after acquiring an additional 75 shares in the last quarter. 90.05% of the stock is owned by institutional investors.

Insider Transactions at Johnson Controls International

In other Johnson Controls International news, Director Juergen Tinggren sold 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 28th. The stock was sold at an average price of $159.19, for a total transaction of $636,760.00. Following the completion of the transaction, the director owned 27,236 shares in the company, valued at $4,335,698.84. The trade was a 12.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.29% of the stock is currently owned by insiders.

Johnson Controls International Trading Up 4.8%

JCI stock opened at $141.50 on Tuesday. The company has a quick ratio of 0.75, a current ratio of 0.90 and a debt-to-equity ratio of 0.55. Johnson Controls International plc has a twelve month low of $108.41 and a twelve month high of $160.41. The stock has a market capitalization of $85.71 billion, a price-to-earnings ratio of 30.23, a price-to-earnings-growth ratio of 1.11 and a beta of 1.27. The firm’s fifty day simple moving average is $147.15 and its two-hundred day simple moving average is $141.60.

Johnson Controls International (NYSE:JCI) last released its earnings results on Tuesday, October 27th. The company reported $1.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.59 by $0.07. Johnson Controls International had a net margin of 11.12% and a return on equity of 23.38%. The firm had revenue of $7.11 billion during the quarter, compared to analyst estimates of $7.04 billion. During the same quarter last year, the business earned $1.26 EPS. The business’s revenue was up 10.4% on a year-over-year basis. As a group, analysts anticipate that Johnson Controls International plc will post 6.29 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, October 16th. Shareholders of record on Monday, September 21st were paid a $0.40 dividend. The ex-dividend date of this dividend was Monday, September 21st. This represents a $1.60 annualized dividend and a yield of 1.1%. Johnson Controls International’s dividend payout ratio (DPR) is presently 34.19%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on JCI shares. Deutsche Bank Aktiengesellschaft lowered their target price on Johnson Controls International from $180.00 to $178.00 and set a “buy” rating for the company in a research report on Wednesday, September 30th. Citigroup lifted their price objective on shares of Johnson Controls International from $170.00 to $172.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 28th. Wall Street Zen downgraded shares of Johnson Controls International from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. BNP Paribas Exane upped their target price on shares of Johnson Controls International from $130.00 to $145.00 and gave the company an “underperform” rating in a research report on Wednesday, October 28th. Finally, Bank of America increased their price target on shares of Johnson Controls International from $152.00 to $175.00 and gave the company a “buy” rating in a report on Thursday, October 8th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Johnson Controls International has a consensus rating of “Moderate Buy” and a consensus target price of $166.86.

Johnson Controls International Profile

Johnson Controls International plc develops building technologies, products and services for commercial, industrial and institutional customers. Its offerings include heating, ventilation and air conditioning (HVAC) equipment, building automation and controls, fire detection and suppression systems, and security solutions. The company also provides maintenance, modernization and other services to help customers manage building operations.

Its products and services support facilities such as offices, hospitals, schools, data centers and manufacturing sites.