Andra AP fonden Cuts Stake in Johnson Controls International plc $JCI

Andra AP fonden reduced its holdings in shares of Johnson Controls International plc (NYSE:JCI) by 2.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 143,376 shares of the company’s stock after selling 3,700 shares during the period. Andra AP fonden’s holdings in Johnson Controls International were worth $20,949,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in JCI. Natural Investments LLC lifted its holdings in shares of Johnson Controls International by 2.5% during the second quarter. Natural Investments LLC now owns 3,008 shares of the company’s stock worth $439,000 after purchasing an additional 72 shares during the period. Baron Wealth Management LLC increased its holdings in Johnson Controls International by 1.6% in the 2nd quarter. Baron Wealth Management LLC now owns 4,705 shares of the company’s stock worth $687,000 after acquiring an additional 75 shares in the last quarter. Diversify Wealth Management LLC raised its position in shares of Johnson Controls International by 2.0% during the 2nd quarter. Diversify Wealth Management LLC now owns 3,868 shares of the company’s stock worth $555,000 after purchasing an additional 76 shares during the last quarter. Resonant Capital Advisors LLC lifted its position in shares of Johnson Controls International by 1.5% in the second quarter. Resonant Capital Advisors LLC now owns 5,063 shares of the company’s stock valued at $742,000 after acquiring an additional 77 shares in the last quarter. Finally, Fourth Dimension Wealth LLC lifted its holdings in Johnson Controls International by 51.3% in the 2nd quarter. Fourth Dimension Wealth LLC now owns 230 shares of the company’s stock valued at $34,000 after purchasing an additional 78 shares in the last quarter. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Insider Buying and Selling at Johnson Controls International

In other news, VP Lei Schlitz sold 23,417 shares of the stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $153.07, for a total transaction of $3,584,440.19. Following the completion of the transaction, the vice president directly owned 15,017 shares in the company, valued at approximately $2,298,652.19. This represents a 60.93% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.29% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Oppenheimer reiterated a “market perform” rating on shares of Johnson Controls International in a report on Tuesday, June 2nd. Citigroup upped their price target on Johnson Controls International from $155.00 to $157.00 and gave the company a “neutral” rating in a research report on Thursday, July 30th. Morgan Stanley increased their price target on Johnson Controls International from $175.00 to $180.00 and gave the company an “overweight” rating in a report on Wednesday, September 2nd. Zacks Research downgraded Johnson Controls International from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 6th. Finally, Argus set a $175.00 price objective on Johnson Controls International in a research note on Friday, August 7th. Twelve 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 company’s stock. According to data from MarketBeat.com, Johnson Controls International presently has an average rating of “Hold” and an average price target of $155.75.

Johnson Controls International Trading Up 0.3%

Shares of Johnson Controls International stock traded up $0.50 during mid-day trading on Tuesday, hitting $145.68. The stock had a trading volume of 572,884 shares, compared to its average volume of 4,204,313. The firm has a 50-day moving average of $144.84 and a two-hundred day moving average of $141.30. Johnson Controls International plc has a 12-month low of $104.49 and a 12-month high of $157.06. The company has a quick ratio of 0.83, a current ratio of 1.00 and a debt-to-equity ratio of 0.61. The firm has a market cap of $88.24 billion, a P/E ratio of 25.36, a price-to-earnings-growth ratio of 1.38 and a beta of 1.29.

Johnson Controls International (NYSE:JCI) last released its quarterly earnings results on Thursday, July 30th. The company reported $1.42 EPS for the quarter, beating the consensus estimate of $1.30 by $0.12. The firm had revenue of $6.61 billion for the quarter, compared to analyst estimates of $6.46 billion. Johnson Controls International had a net margin of 14.32% and a return on equity of 22.11%. The business’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.05 EPS. Sell-side analysts forecast that Johnson Controls International plc will post 5.08 earnings per share for the current year.

Johnson Controls International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 16th. Stockholders of record on Monday, September 21st will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Monday, September 21st. Johnson Controls International’s dividend payout ratio is 27.83%.

About Johnson Controls International

Johnson Controls International plc (NYSE:JCI) is a global company focused on building technologies and solutions that improve the efficiency, safety and sustainability of buildings. Its offerings include heating, ventilation and air-conditioning systems, building automation and controls, fire detection and suppression equipment, security systems, and related digital technologies and services.

The company serves commercial, institutional, industrial and residential customers, helping organizations manage building operations, energy use, indoor air quality and physical security.