QRG Capital Management Inc. Sells 9,074 Shares of Johnson Controls International plc $JCI

QRG Capital Management Inc. lowered its stake in shares of Johnson Controls International plc (NYSE:JCI) by 4.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 212,180 shares of the company’s stock after selling 9,074 shares during the quarter. QRG Capital Management Inc.’s holdings in Johnson Controls International were worth $27,785,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in JCI. Maseco LLP raised its stake in Johnson Controls International by 102.9% in the fourth quarter. Maseco LLP now owns 211 shares of the company’s stock valued at $25,000 after purchasing an additional 107 shares in the last quarter. Mcguire Capital Advisors Inc. acquired a new stake in Johnson Controls International during the fourth quarter worth about $27,000. Roxbury Financial LLC grew its stake in Johnson Controls International by 71.9% during the fourth quarter. Roxbury Financial LLC now owns 239 shares of the company’s stock worth $29,000 after buying an additional 100 shares in the last quarter. Twin Tree Management LP increased its holdings in Johnson Controls International by 140.9% in the 4th quarter. Twin Tree Management LP now owns 260 shares of the company’s stock valued at $31,000 after buying an additional 895 shares during the period. Finally, YANKCOM Partnership bought a new position in Johnson Controls International in the 4th quarter valued at about $34,000. Institutional investors own 90.05% of the company’s stock.

Insiders Place Their Bets

In related news, VP Todd M. Grabowski sold 1,800 shares of the business’s stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $146.20, for a total transaction of $263,160.00. Following the sale, the vice president owned 26,215 shares in the company, valued at $3,832,633. The trade was a 6.43% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, 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 value 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. The trade was a 60.88% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.29% of the stock is currently owned by corporate insiders.

Johnson Controls International Trading Up 0.0%

Shares of Johnson Controls International stock opened at $140.79 on Friday. The firm’s 50 day moving average is $141.99 and its 200 day moving average is $133.70. The firm has a market capitalization of $85.90 billion, a PE ratio of 25.19, a price-to-earnings-growth ratio of 1.51 and a beta of 1.31. Johnson Controls International plc has a 1 year low of $102.09 and a 1 year high of $151.18. 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 issued its quarterly earnings data on Tuesday, March 31st. The company reported $1.19 EPS for the quarter. Johnson Controls International had a net margin of 14.45% and a return on equity of 19.50%. The business had revenue of $6.14 billion during the quarter. Equities research analysts forecast that Johnson Controls International plc will post 4.9 earnings per share for the current fiscal year.

Johnson Controls International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Monday, June 15th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Monday, June 15th. Johnson Controls International’s dividend payout ratio is presently 28.62%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Barclays upped their price target on shares of Johnson Controls International from $136.00 to $144.00 and gave the stock an “equal weight” rating in a report on Thursday, May 7th. UBS Group boosted their price objective on shares of Johnson Controls International from $170.00 to $180.00 and gave the company a “buy” rating in a research report on Tuesday, June 2nd. Citigroup upped their target price on Johnson Controls International from $150.00 to $155.00 and gave the stock a “neutral” rating in a research note on Thursday, May 7th. Wall Street Zen raised Johnson Controls International from a “hold” rating to a “buy” rating in a report on Sunday, May 3rd. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and issued a $154.00 price target on shares of Johnson Controls International 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 issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $152.85.

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.