Phoenix Financial Ltd. Sells 17,160 Shares of Johnson Controls International plc $JCI

Phoenix Financial Ltd. trimmed its stake in Johnson Controls International plc (NYSE:JCI) by 45.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 20,758 shares of the company’s stock after selling 17,160 shares during the period. Phoenix Financial Ltd.’s holdings in Johnson Controls International were worth $2,486,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Regents Gate Capital LLP grew its stake in Johnson Controls International by 17.4% during the 3rd quarter. Regents Gate Capital LLP now owns 86,144 shares of the company’s stock valued at $9,472,000 after purchasing an additional 12,774 shares during the last quarter. Bright Futures Wealth Management LLC. purchased a new stake in Johnson Controls International during the 3rd quarter valued at about $583,000. Elo Mutual Pension Insurance Co grew its stake in Johnson Controls International by 23.7% during the 3rd quarter. Elo Mutual Pension Insurance Co now owns 75,021 shares of the company’s stock valued at $8,249,000 after purchasing an additional 14,354 shares during the last quarter. Nordea Investment Management AB grew its stake in Johnson Controls International by 6.7% during the 4th quarter. Nordea Investment Management AB now owns 2,276,753 shares of the company’s stock valued at $274,235,000 after purchasing an additional 142,429 shares during the last quarter. Finally, Caprock Group LLC purchased a new stake in Johnson Controls International during the 3rd quarter valued at about $3,828,000. 90.05% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have weighed in on JCI shares. Rothschild & Co Redburn boosted their price target on Johnson Controls International from $137.00 to $150.00 and gave the company a “buy” rating in a research note on Monday, February 9th. Jefferies Financial Group boosted their price target on Johnson Controls International from $125.00 to $135.00 and gave the company a “hold” rating in a research note on Wednesday, April 15th. Wells Fargo & Company boosted their price target 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. Citigroup upped their target price on Johnson Controls International from $150.00 to $155.00 and gave the stock a “neutral” rating in a research note on Thursday, May 7th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Johnson Controls International in a research note on Thursday, January 22nd. Eleven equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Johnson Controls International presently has an average rating of “Hold” and an average target price of $147.63.

Insider Transactions at Johnson Controls International

In related news, VP Lei Zhang Schlitz sold 88,809 shares of the company’s stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $140.99, for a total value of $12,521,180.91. Following the completion of the transaction, the vice president owned 57,059 shares of the company’s stock, valued at approximately $8,044,748.41. This represents a 60.88% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Daniel C. Mcconeghy sold 3,600 shares of the company’s stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $142.56, for a total value of $513,216.00. Following the completion of the transaction, the vice president directly owned 24,273 shares of the company’s stock, valued at $3,460,358.88. The trade was a 12.92% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.29% of the company’s stock.

Johnson Controls International Stock Down 1.4%

Shares of JCI opened at $143.01 on Friday. Johnson Controls International plc has a 52 week low of $96.01 and a 52 week high of $147.32. The company has a quick ratio of 0.85, a current ratio of 1.04 and a debt-to-equity ratio of 0.64. The company has a market capitalization of $87.25 billion, a price-to-earnings ratio of 25.58, a PEG ratio of 1.60 and a beta of 1.37. The stock’s 50-day moving average price is $137.41 and its 200-day moving average price is $127.43.

Johnson Controls International (NYSE:JCI) last issued its earnings results on Tuesday, March 31st. The company reported $1.19 EPS for the quarter. Johnson Controls International had a return on equity of 19.50% and a net margin of 14.45%.The firm had revenue of $6.14 billion for the quarter. On average, sell-side analysts predict that Johnson Controls International plc will post 4.87 EPS for the current year.

Johnson Controls International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, April 10th. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.1%. Johnson Controls International’s dividend payout ratio is presently 28.62%.

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.