Allspring Global Investments Holdings LLC Sells 71,295 Shares of Johnson Controls International plc $JCI

Allspring Global Investments Holdings LLC trimmed its holdings in Johnson Controls International plc (NYSE:JCI) by 4.6% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 1,470,188 shares of the company’s stock after selling 71,295 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Johnson Controls International were worth $198,064,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of JCI. Maseco LLP boosted its stake in shares of Johnson Controls International by 102.9% during the fourth quarter. Maseco LLP now owns 211 shares of the company’s stock valued at $25,000 after purchasing an additional 107 shares during the period. Mcguire Capital Advisors Inc. purchased a new position in Johnson Controls International in the 4th quarter worth about $27,000. Roxbury Financial LLC increased its stake in Johnson Controls International by 71.9% in the 4th quarter. Roxbury Financial LLC now owns 239 shares of the company’s stock worth $29,000 after buying an additional 100 shares during the period. Twin Tree Management LP lifted its holdings in Johnson Controls International by 140.9% during the 4th quarter. Twin Tree Management LP now owns 260 shares of the company’s stock valued at $31,000 after buying an additional 895 shares in the last quarter. Finally, YANKCOM Partnership bought a new stake in Johnson Controls International during the 4th quarter valued at about $34,000. 90.05% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

JCI has been the subject of several research reports. Citigroup boosted their price objective on shares of Johnson Controls International from $150.00 to $155.00 and gave the company a “neutral” rating in a research report on Thursday, May 7th. Barclays lifted their price target on shares of Johnson Controls International from $136.00 to $144.00 and gave the company an “equal weight” rating in a research note on Thursday, May 7th. Weiss Ratings reiterated a “buy (b)” rating on shares of Johnson Controls International in a report on Tuesday, June 9th. Wells Fargo & Company increased their price objective on Johnson Controls International from $145.00 to $160.00 and gave the stock an “overweight” rating in a research note on Thursday, May 7th. Finally, JPMorgan Chase & Co. increased their price objective on Johnson Controls International from $158.00 to $162.00 in a research note on Thursday, May 7th. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $152.85.

Johnson Controls International Price Performance

Shares of JCI stock opened at $141.34 on Friday. Johnson Controls International plc has a 1-year low of $102.09 and a 1-year high of $151.18. The stock’s 50-day moving average is $141.90 and its 200 day moving average is $135.24. The company has a market cap of $86.23 billion, a P/E ratio of 25.28, a PEG ratio of 1.53 and a beta of 1.31. 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 (NYSE:JCI) last posted its earnings results on Tuesday, March 31st. The company reported $1.19 earnings per share (EPS) for the quarter. The company 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%. Research analysts predict that Johnson Controls International plc will post 4.9 earnings per share for the current fiscal year.

Johnson Controls International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 10th. Stockholders of record on Monday, June 15th were given a $0.40 dividend. The ex-dividend date of this dividend was Monday, June 15th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.1%. Johnson Controls International’s payout ratio is presently 28.62%.

Insider Buying and Selling

In related news, VP Todd M. Grabowski sold 1,800 shares of the business’s stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $146.20, for a total transaction of $263,160.00. Following the completion of the transaction, the vice president owned 26,215 shares in the company, valued at $3,832,633. The trade was a 6.43% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Lei Zhang Schlitz sold 88,809 shares of the business’s 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 transaction, the vice president owned 57,059 shares of the company’s stock, valued at approximately $8,044,748.41. This trade represents a 60.88% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.29% of the stock is owned by insiders.

About Johnson Controls International

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.