Newport Trust Company LLC Sells 144,015 Shares of Johnson Controls International plc $JCI

Newport Trust Company LLC trimmed its holdings in Johnson Controls International plc (NYSE:JCI) by 3.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,261,479 shares of the company’s stock after selling 144,015 shares during the period. Johnson Controls International comprises about 1.2% of Newport Trust Company LLC’s holdings, making the stock its 18th largest position. Newport Trust Company LLC’s holdings in Johnson Controls International were worth $510,312,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in JCI. Brighton Jones LLC bought a new position in shares of Johnson Controls International in the fourth quarter valued at $222,000. Acadian Asset Management LLC bought a new position in shares of Johnson Controls International during the first quarter valued at about $55,000. Sivia Capital Partners LLC lifted its position in shares of Johnson Controls International by 83.3% during the second quarter. Sivia Capital Partners LLC now owns 7,049 shares of the company’s stock valued at $745,000 after purchasing an additional 3,203 shares in the last quarter. Jump Financial LLC lifted its position in shares of Johnson Controls International by 3.5% during the second quarter. Jump Financial LLC now owns 12,578 shares of the company’s stock valued at $1,328,000 after purchasing an additional 425 shares in the last quarter. Finally, Federated Hermes Inc. lifted its position in shares of Johnson Controls International by 120.7% during the second quarter. Federated Hermes Inc. now owns 12,359 shares of the company’s stock valued at $1,305,000 after purchasing an additional 6,760 shares in the last quarter. 90.05% of the stock is owned by institutional investors.

Insider Activity at Johnson Controls International

In other Johnson Controls International news, VP Daniel C. Mcconeghy sold 3,600 shares of the stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $142.56, for a total value of $513,216.00. Following the sale, the vice president directly owned 24,273 shares in the company, valued at $3,460,358.88. This represents a 12.92% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Lei Zhang Schlitz sold 88,809 shares of the stock in a transaction that occurred on 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 sale, the vice president owned 57,059 shares in the company, valued at $8,044,748.41. This represents a 60.88% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 0.29% of the company’s stock.

Johnson Controls International Trading Down 1.7%

Shares of JCI stock opened at $135.43 on Friday. The company’s fifty day simple moving average is $137.57 and its two-hundred day simple moving average is $128.17. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.04 and a quick ratio of 0.85. Johnson Controls International plc has a 1 year low of $96.31 and a 1 year high of $147.32. The stock has a market capitalization of $82.63 billion, a price-to-earnings ratio of 24.23, a PEG ratio of 1.52 and a beta of 1.37.

Johnson Controls International (NYSE:JCI) last issued its earnings results on Tuesday, March 31st. The company reported $1.19 earnings per share (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 for the quarter. As a group, analysts anticipate that Johnson Controls International plc will post 4.87 earnings per share for the current year.

Johnson Controls International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 10th. Shareholders of record on Monday, March 16th were paid a $0.40 dividend. The ex-dividend date was Monday, March 16th. This represents a $1.60 annualized dividend and a yield of 1.2%. Johnson Controls International’s dividend payout ratio is currently 28.62%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Wall Street Zen raised shares of Johnson Controls International from a “hold” rating to a “buy” rating in a research report on Sunday, May 3rd. Mizuho raised their price target on shares of Johnson Controls International from $130.00 to $140.00 and gave the company a “neutral” rating in a research report on Thursday, May 7th. Morgan Stanley raised their price target on shares of Johnson Controls International from $130.00 to $140.00 and gave the company an “overweight” rating in a research report on Wednesday, March 11th. UBS Group raised their price target on shares of Johnson Controls International from $160.00 to $170.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. Finally, Evercore assumed coverage on shares of Johnson Controls International in a research report on Monday, April 13th. They set a “hold” rating and a $155.00 price target on the stock. Eleven research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Johnson Controls International presently has an average rating of “Hold” and a consensus price target of $147.63.

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.