Bank of New York Mellon Corp Has $484.91 Million Position in Johnson Controls International plc $JCI

Bank of New York Mellon Corp lessened its stake in Johnson Controls International plc (NYSE:JCI) by 10.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,703,049 shares of the company’s stock after selling 448,735 shares during the period. Bank of New York Mellon Corp’s holdings in Johnson Controls International were worth $484,914,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Illinois Municipal Retirement Fund grew its position in shares of Johnson Controls International by 202.6% during the 1st quarter. Illinois Municipal Retirement Fund now owns 67,746 shares of the company’s stock worth $8,871,000 after buying an additional 45,359 shares during the period. MASTERINVEST Kapitalanlage GmbH boosted its stake in Johnson Controls International by 16.4% in the first quarter. MASTERINVEST Kapitalanlage GmbH now owns 36,145 shares of the company’s stock valued at $4,733,000 after acquiring an additional 5,082 shares during the last quarter. Sanctuary Advisors LLC grew its holdings in Johnson Controls International by 2.7% during the 1st quarter. Sanctuary Advisors LLC now owns 79,973 shares of the company’s stock worth $10,472,000 after acquiring an additional 2,106 shares during the period. Checchi Capital Advisers LLC grew its holdings in Johnson Controls International by 13.3% during the 1st quarter. Checchi Capital Advisers LLC now owns 6,241 shares of the company’s stock worth $817,000 after acquiring an additional 731 shares during the period. Finally, Avantax Planning Partners Inc. acquired a new stake in Johnson Controls International during the 1st quarter worth $201,000. Institutional investors and hedge funds own 90.05% of the company’s stock.

Insider Activity at Johnson Controls International

In related news, VP Todd M. Grabowski sold 1,800 shares of the firm’s stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $146.20, for a total value of $263,160.00. Following the completion of the transaction, the vice president directly owned 26,215 shares of the company’s stock, valued at approximately $3,832,633. This trade represents a 6.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Lei Zhang Schlitz sold 88,809 shares of the business’s stock in a transaction 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 transaction, the vice president owned 57,059 shares in the company, valued at approximately $8,044,748.41. The trade was a 60.88% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.29% of the stock is owned by insiders.

Analyst Ratings Changes

JCI has been the topic of a number of analyst reports. Citigroup increased their price target on Johnson Controls International from $150.00 to $155.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. Mizuho lifted their price objective on Johnson Controls International from $130.00 to $140.00 and gave the stock a “neutral” rating in a research note on Thursday, May 7th. BNP Paribas Exane began coverage on Johnson Controls International in a report on Tuesday, April 14th. They issued an “underperform” rating and a $120.00 price objective for the company. Sanford C. Bernstein began coverage on Johnson Controls International in a research note on Tuesday, June 9th. They issued an “outperform” rating and a $176.00 target price on the stock. Finally, JPMorgan Chase & Co. boosted their target price on Johnson Controls International from $158.00 to $162.00 in a research report on Thursday, May 7th. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $152.85.

Johnson Controls International Stock Down 1.0%

Shares of Johnson Controls International stock opened at $141.34 on Friday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.85 and a current ratio of 1.04. Johnson Controls International plc has a 52-week low of $102.09 and a 52-week high of $151.18. The firm has a market cap of $86.23 billion, a PE ratio of 25.28, a P/E/G ratio of 1.53 and a beta of 1.31. The business’s 50 day simple moving average is $141.90 and its 200 day simple moving average is $135.24.

Johnson Controls International (NYSE:JCI) last issued its quarterly earnings results on Tuesday, March 31st. The company reported $1.19 earnings per share (EPS) for the quarter. Johnson Controls International had a net margin of 14.45% and a return on equity of 19.50%. The firm had revenue of $6.14 billion for the quarter. On average, analysts predict that Johnson Controls International plc will post 4.9 earnings per share for the current fiscal year.

Johnson Controls International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 10th. Shareholders of record on Monday, June 15th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Monday, June 15th. This represents a $1.60 annualized dividend and a dividend yield of 1.1%. Johnson Controls International’s payout ratio is 28.62%.

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.