Johnson Controls International plc $JCI Shares Sold by CI Investments Inc.

CI Investments Inc. cut its position in shares of Johnson Controls International plc (NYSE:JCI) by 5.7% during the first quarter, Holdings Channel.com reports. The firm owned 536,105 shares of the company’s stock after selling 32,264 shares during the quarter. CI Investments Inc.’s holdings in Johnson Controls International were worth $70,203,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. State Street Corp grew its stake in shares of Johnson Controls International by 0.6% in the 3rd 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 during the period. Franklin Resources Inc. raised its position in shares of Johnson Controls International by 3.3% during the 4th quarter. Franklin Resources Inc. now owns 22,655,105 shares of the company’s stock valued at $2,712,949,000 after buying an additional 718,245 shares during the period. Fisher Asset Management LLC raised its position in shares of Johnson Controls International by 1.7% during the 4th quarter. Fisher Asset Management LLC now owns 17,239,953 shares of the company’s stock valued at $2,064,485,000 after buying an additional 280,704 shares during the period. Invesco Ltd. lifted its holdings in Johnson Controls International by 13.0% in the fourth 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 acquired a new position in Johnson Controls International in the fourth quarter valued at approximately $927,739,000. 90.05% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

JCI has been the subject of several recent analyst reports. Citigroup lifted their target price on Johnson Controls International from $150.00 to $155.00 and gave the company a “neutral” rating in a research report on Thursday, May 7th. Barclays increased their price target on Johnson Controls International from $136.00 to $144.00 and gave the stock an “equal weight” rating in a report on Thursday, May 7th. Wall Street Zen raised Johnson Controls International from a “hold” rating to a “buy” rating in a research report on Sunday, May 3rd. HSBC boosted their price objective on shares of Johnson Controls International from $127.00 to $136.00 in a report on Thursday, May 7th. Finally, The Goldman Sachs Group increased their target price on shares of Johnson Controls International from $169.00 to $178.00 and gave the stock a “buy” rating in a research note on Tuesday, June 2nd. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Johnson Controls International currently has an average rating of “Moderate Buy” and an average target price of $152.85.

Insider Activity

In other news, VP Lei Zhang Schlitz sold 88,809 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at approximately $8,044,748.41. This represents a 60.88% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Todd M. Grabowski sold 1,800 shares of the stock in a transaction dated 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 owned 26,215 shares in the company, valued at approximately $3,832,633. The trade was a 6.43% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.29% of the company’s stock.

Johnson Controls International Price Performance

Shares of JCI opened at $141.64 on Wednesday. Johnson Controls International plc has a twelve month low of $102.09 and a twelve month high of $151.18. The firm’s fifty day simple moving average is $141.89 and its 200-day simple moving average is $135.66. The firm has a market capitalization of $86.42 billion, a price-to-earnings ratio of 25.34, a PEG ratio of 1.49 and a beta of 1.31. The company has a current ratio of 1.04, a quick ratio of 0.85 and a debt-to-equity ratio of 0.64.

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

Johnson Controls International Dividend Announcement

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

Johnson Controls International 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.