Johnson Controls International plc $JCI Stock Sold by MGO One Seven LLC

MGO One Seven LLC reduced its position in shares of Johnson Controls International plc (NYSE:JCI) by 3.0% in the 3rd quarter, Holdings Channel reports. The firm owned 127,136 shares of the company’s stock after selling 3,945 shares during the period. MGO One Seven LLC’s holdings in Johnson Controls International were worth $18,899,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Sagace Wealth Management LLC raised its holdings in shares of Johnson Controls International by 11.1% during the 3rd quarter. Sagace Wealth Management LLC now owns 2,427 shares of the company’s stock worth $361,000 after buying an additional 242 shares in the last quarter. Americana Partners LLC boosted its stake in Johnson Controls International by 3.7% in the third quarter. Americana Partners LLC now owns 9,206 shares of the company’s stock valued at $1,368,000 after buying an additional 327 shares in the last quarter. Avestar Capital LLC boosted its stake in Johnson Controls International by 21.3% in the third quarter. Avestar Capital LLC now owns 7,410 shares of the company’s stock valued at $1,101,000 after buying an additional 1,302 shares in the last quarter. Modera Wealth Management LLC boosted its stake in Johnson Controls International by 222.9% in the third quarter. Modera Wealth Management LLC now owns 10,324 shares of the company’s stock valued at $1,535,000 after buying an additional 7,127 shares in the last quarter. Finally, International Assets Investment Management LLC bought a new position in Johnson Controls International in the third quarter valued at about $9,177,000. 90.05% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Johnson Controls International

In other news, VP Lei Schlitz sold 23,417 shares of the company’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 value of $3,584,440.19. Following the completion of the transaction, the vice president owned 15,017 shares of the company’s stock, valued at $2,298,652.19. This represents a 60.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Juergen Tinggren sold 4,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 28th. The shares were 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 of the company’s stock, valued at approximately $4,335,698.84. This trade represents a 12.81% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 0.29% of the company’s stock.

Johnson Controls International Stock Down 5.9%

Shares of JCI opened at $148.90 on Friday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.83 and a current ratio of 0.90. Johnson Controls International plc has a 52 week low of $108.41 and a 52 week high of $160.41. The stock has a market capitalization of $90.19 billion, a price-to-earnings ratio of 31.82, a PEG ratio of 1.17 and a beta of 1.27. The stock has a fifty day moving average of $147.36 and a 200-day moving average of $140.79.

Johnson Controls International (NYSE:JCI) last issued its quarterly earnings data on Tuesday, October 27th. The company reported $1.66 earnings per share for the quarter, topping analysts’ consensus estimates of $1.59 by $0.07. Johnson Controls International had a return on equity of 23.38% and a net margin of 11.12%. The business had revenue of $7.11 billion for the quarter, compared to analyst estimates of $7.04 billion. During the same quarter in the previous year, the company posted $1.26 EPS. Johnson Controls International’s quarterly revenue was up 10.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that Johnson Controls International plc will post 6.29 earnings per share for the current fiscal year.

Johnson Controls International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 16th. Stockholders of record on Monday, September 21st were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Monday, September 21st. Johnson Controls International’s dividend payout ratio (DPR) is presently 34.19%.

Wall Street Analysts Forecast Growth

JCI has been the subject of several research analyst reports. The Goldman Sachs Group boosted their target price on Johnson Controls International from $186.00 to $191.00 and gave the stock a “buy” rating in a research note on Wednesday, September 30th. Zacks Research downgraded shares of Johnson Controls International from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 6th. Argus set a $175.00 price target on shares of Johnson Controls International in a research note on Friday, August 7th. Weiss Ratings raised shares of Johnson Controls International from a “buy (b)” rating to a “buy (a)” rating in a report on Thursday, October 8th. Finally, Royal Bank Of Canada upped their price objective on shares of Johnson Controls International from $161.00 to $165.00 and gave the stock a “sector perform” rating in a research report on Wednesday, October 14th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $166.86.

Johnson Controls International Company Profile

Johnson Controls International plc (NYSE:JCI) is a global provider of building technology, products and services. The company helps customers design, operate and maintain efficient, healthy and secure buildings through solutions for heating, ventilation and air conditioning, building automation, energy management, fire detection and suppression, and physical security.

Its portfolio includes building controls and digital management platforms, HVAC equipment, chillers, air-handling systems, fire and security technologies, and related services.