Raiffeisen Bank International AG Trims Stock Holdings in Johnson Controls International plc $JCI

Raiffeisen Bank International AG reduced its stake in Johnson Controls International plc (NYSE:JCI) by 33.4% during the 4th quarter, Holdings Channel reports. The fund owned 366,497 shares of the company’s stock after selling 183,899 shares during the period. Raiffeisen Bank International AG’s holdings in Johnson Controls International were worth $44,324,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in JCI. Norges Bank purchased a new stake in shares of Johnson Controls International in the fourth quarter valued at $927,739,000. Viking Global Investors LP lifted its position in shares of Johnson Controls International by 368.5% in the third quarter. Viking Global Investors LP now owns 6,796,942 shares of the company’s stock valued at $747,324,000 after acquiring an additional 5,346,130 shares in the last quarter. Ameriprise Financial Inc. lifted its position in shares of Johnson Controls International by 140.8% in the second quarter. Ameriprise Financial Inc. now owns 4,575,414 shares of the company’s stock valued at $483,281,000 after acquiring an additional 2,675,157 shares in the last quarter. Franklin Resources Inc. lifted its position in shares of Johnson Controls International by 3.3% in the fourth quarter. Franklin Resources Inc. now owns 22,655,105 shares of the company’s stock valued at $2,712,949,000 after acquiring an additional 718,245 shares in the last quarter. Finally, First Trust Advisors LP lifted its position in shares of Johnson Controls International by 23.3% in the third quarter. First Trust Advisors LP now owns 3,519,724 shares of the company’s stock valued at $386,994,000 after acquiring an additional 665,782 shares in the last quarter. 90.05% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

JCI has been the topic of several recent research reports. BNP Paribas Exane started coverage on Johnson Controls International in a research report on Tuesday, April 14th. They issued an “underperform” rating and a $120.00 price objective on the stock. Sanford C. Bernstein started coverage on Johnson Controls International in a research note on Tuesday. They issued an “outperform” rating and a $176.00 target price for the company. Wolfe Research reiterated an “outperform” rating and issued a $171.00 target price on shares of Johnson Controls International in a research note on Wednesday, June 3rd. JPMorgan Chase & Co. upped their target price on Johnson Controls International from $158.00 to $162.00 in a research note on Thursday, May 7th. Finally, Wells Fargo & Company upped their target price on Johnson Controls International from $145.00 to $160.00 and gave the company an “overweight” rating in a research note on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Johnson Controls International presently has an average rating of “Moderate Buy” and a consensus target price of $152.85.

Johnson Controls International Price Performance

Shares of NYSE JCI opened at $144.08 on Friday. Johnson Controls International plc has a 1-year low of $100.86 and a 1-year high of $149.10. The business has a 50-day moving average of $140.20 and a 200-day moving average of $130.63. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.04 and a quick ratio of 0.85. The company has a market capitalization of $87.90 billion, a price-to-earnings ratio of 25.77, a PEG ratio of 1.51 and a beta of 1.32.

Johnson Controls International (NYSE:JCI) last released its quarterly earnings results on Tuesday, March 31st. The company reported $1.19 EPS for the quarter. The firm had revenue of $6.14 billion for the quarter. Johnson Controls International had a return on equity of 19.50% and a net margin of 14.45%. On average, equities analysts anticipate that Johnson Controls International plc will post 4.86 EPS for the current fiscal year.

Johnson Controls International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Monday, June 15th will be issued a dividend of $0.40 per share. The ex-dividend date is Monday, June 15th. This represents a $1.60 annualized dividend and a yield of 1.1%. Johnson Controls International’s payout ratio is currently 28.62%.

Insider Buying and Selling

In other news, 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 transaction, the vice president directly owned 57,059 shares in the company, valued at approximately $8,044,748.41. This represents a 60.88% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Todd M. Grabowski sold 1,800 shares of the stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $146.20, for a total value of $263,160.00. Following the transaction, the vice president owned 26,215 shares of the company’s stock, valued at approximately $3,832,633. This trade represents a 6.43% 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 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.