Amalgamated Bank Sells 2,022 Shares of Johnson Controls International plc $JCI

Amalgamated Bank lowered its position in shares of Johnson Controls International plc (NYSE:JCI) by 1.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 129,571 shares of the company’s stock after selling 2,022 shares during the quarter. Amalgamated Bank’s holdings in Johnson Controls International were worth $13,685,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Truvestments Capital LLC boosted its position in Johnson Controls International by 425.0% during the first quarter. Truvestments Capital LLC now owns 315 shares of the company’s stock valued at $25,000 after acquiring an additional 255 shares during the last quarter. Accent Capital Management LLC bought a new stake in Johnson Controls International during the first quarter valued at $26,000. Cornerstone Planning Group LLC boosted its position in Johnson Controls International by 74.5% during the first quarter. Cornerstone Planning Group LLC now owns 363 shares of the company’s stock valued at $28,000 after acquiring an additional 155 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in Johnson Controls International during the second quarter valued at $28,000. Finally, Activest Wealth Management boosted its position in shares of Johnson Controls International by 56.4% during the 1st quarter. Activest Wealth Management now owns 369 shares of the company’s stock worth $30,000 after purchasing an additional 133 shares in the last quarter. Institutional investors own 90.05% of the company’s stock.

Johnson Controls International Trading Up 0.7%

JCI opened at $114.09 on Friday. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.96 and a quick ratio of 0.81. Johnson Controls International plc has a fifty-two week low of $68.03 and a fifty-two week high of $116.48. The firm has a market capitalization of $74.66 billion, a PE ratio of 33.85, a P/E/G ratio of 1.70 and a beta of 1.33. The company’s 50-day moving average is $108.49 and its 200 day moving average is $102.52.

Johnson Controls International (NYSE:JCI) last posted its earnings results on Tuesday, July 29th. The company reported $1.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.99 by $0.06. The company had revenue of $6.05 billion for the quarter, compared to analyst estimates of $5.99 billion. Johnson Controls International had a net margin of 9.53% and a return on equity of 14.71%. As a group, research analysts predict that Johnson Controls International plc will post 3.64 earnings per share for the current fiscal year.

Johnson Controls International Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 17th. Shareholders of record on Monday, September 22nd were paid a $0.40 dividend. This is a positive change from Johnson Controls International’s previous quarterly dividend of $0.37. The ex-dividend date was Monday, September 22nd. This represents a $1.60 annualized dividend and a yield of 1.4%. Johnson Controls International’s dividend payout ratio (DPR) is 47.48%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Zacks Research raised shares of Johnson Controls International to a “hold” rating in a research report on Monday, August 11th. Robert W. Baird increased their price objective on shares of Johnson Controls International from $110.00 to $115.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 14th. JPMorgan Chase & Co. increased their price objective on shares of Johnson Controls International from $105.00 to $125.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 15th. Wolfe Research increased their price objective on shares of Johnson Controls International from $132.00 to $133.00 and gave the stock an “outperform” rating in a research report on Friday, September 12th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of Johnson Controls International from $124.00 to $125.00 and gave the stock a “buy” rating in a research report on Thursday, October 2nd. Ten equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat.com, Johnson Controls International has a consensus rating of “Moderate Buy” and an average target price of $113.41.

Insider Activity

In other Johnson Controls International news, VP Nathan D. Manning sold 1,422 shares of the stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $105.06, for a total value of $149,395.32. Following the completion of the sale, the vice president owned 139,459 shares in the company, valued at approximately $14,651,562.54. This trade represents a 1.01% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Daniel C. Mcconeghy sold 5,917 shares of the stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $105.73, for a total transaction of $625,604.41. Following the completion of the sale, the vice president owned 25,005 shares of the company’s stock, valued at approximately $2,643,778.65. This trade represents a 19.14% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 0.54% of the company’s stock.

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.