Perpetual Ltd Sells 3,759 Shares of Johnson Controls International plc (NYSE:JCI)

Perpetual Ltd lessened its stake in shares of Johnson Controls International plc (NYSE:JCI) by 1.5% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 249,030 shares of the company’s stock after selling 3,759 shares during the quarter. Perpetual Ltd’s holdings in Johnson Controls International were worth $19,950,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in JCI. Wealthcare Advisory Partners LLC grew its holdings in Johnson Controls International by 9.0% in the 1st quarter. Wealthcare Advisory Partners LLC now owns 3,982 shares of the company’s stock worth $319,000 after acquiring an additional 328 shares during the last quarter. Dynamic Advisor Solutions LLC boosted its holdings in shares of Johnson Controls International by 22.4% during the first quarter. Dynamic Advisor Solutions LLC now owns 5,987 shares of the company’s stock worth $480,000 after purchasing an additional 1,096 shares during the period. Sowell Financial Services LLC bought a new stake in shares of Johnson Controls International in the first quarter worth about $216,000. Farther Finance Advisors LLC increased its holdings in Johnson Controls International by 24.5% during the 1st quarter. Farther Finance Advisors LLC now owns 7,946 shares of the company’s stock valued at $647,000 after purchasing an additional 1,566 shares during the period. Finally, Exchange Traded Concepts LLC increased its holdings in Johnson Controls International by 10.6% during the 1st quarter. Exchange Traded Concepts LLC now owns 1,722 shares of the company’s stock valued at $138,000 after purchasing an additional 165 shares during the period. Institutional investors own 90.05% of the company’s stock.

Insider Activity

In related news, VP Anuruddha Rathninde sold 15,000 shares of the business’s stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $103.13, for a total value of $1,546,950.00. Following the completion of the transaction, the vice president now directly owns 42,574 shares in the company, valued at $4,390,656.62. The trade was a 26.05% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Nathan D. Manning sold 1,422 shares of the company’s stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $79.72, for a total value of $113,361.84. Following the completion of the transaction, the vice president now directly owns 145,502 shares in the company, valued at $11,599,419.44. This trade represents a 0.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 147,555 shares of company stock worth $13,669,414 over the last three months. 0.54% of the stock is currently owned by corporate insiders.

Johnson Controls International Trading Up 1.1%

NYSE:JCI opened at $104.53 on Friday. The firm has a market capitalization of $68.78 billion, a P/E ratio of 27.87, a PEG ratio of 2.26 and a beta of 1.33. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.96 and a quick ratio of 0.81. Johnson Controls International plc has a one year low of $64.31 and a one year high of $105.19. The company’s 50-day simple moving average is $95.48 and its 200 day simple moving average is $86.10.

Johnson Controls International (NYSE:JCI) last issued its quarterly earnings results on Wednesday, May 7th. The company reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.05. The firm had revenue of $5.68 billion for the quarter, compared to analysts’ expectations of $5.64 billion. Johnson Controls International had a return on equity of 15.13% and a net margin of 10.19%. The business’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.78 EPS. As a group, analysts forecast that Johnson Controls International plc will post 3.64 EPS for the current fiscal year.

Johnson Controls International declared that its board has authorized a stock buyback program on Friday, June 13th that allows the company to repurchase $9.00 billion in shares. This repurchase authorization allows the company to buy up to 13.4% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board of directors believes its shares are undervalued.

Johnson Controls International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 18th. Stockholders of record on Monday, June 23rd will be paid a $0.37 dividend. The ex-dividend date is Monday, June 23rd. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.42%. Johnson Controls International’s dividend payout ratio is currently 39.47%.

Analysts Set New Price Targets

Several research firms have weighed in on JCI. Wells Fargo & Company increased their price objective on Johnson Controls International from $100.00 to $130.00 and gave the stock an “overweight” rating in a report on Wednesday, June 4th. Royal Bank Of Canada lifted their price target on shares of Johnson Controls International from $82.00 to $98.00 and gave the company a “sector perform” rating in a report on Thursday, May 8th. JPMorgan Chase & Co. boosted their price objective on shares of Johnson Controls International from $81.00 to $98.00 and gave the company an “overweight” rating in a research report on Friday, May 16th. Deutsche Bank Aktiengesellschaft raised shares of Johnson Controls International from a “hold” rating to a “buy” rating and raised their target price for the stock from $101.00 to $112.00 in a research report on Monday, May 12th. Finally, Robert W. Baird boosted their price target on shares of Johnson Controls International from $84.00 to $90.00 and gave the company a “neutral” rating in a research report on Thursday, May 8th. Nine analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $97.88.

Johnson Controls International Company Profile

Johnson Controls International plc, together with its subsidiaries, engages in engineering, manufacturing, commissioning, and retrofitting building products and systems in the United States, Europe, the Asia Pacific, and internationally. It operates in four segments: Building Solutions North America, Building Solutions EMEA/LA, Building Solutions Asia Pacific, and Global Products.