Johnson Controls International plc $JCI Shares Sold by National Pension Service

National Pension Service cut its position in shares of Johnson Controls International plc (NYSE:JCI) by 0.6% during the 2nd quarter, Holdings Channel reports. The firm owned 2,087,747 shares of the company’s stock after selling 12,285 shares during the period. National Pension Service’s holdings in Johnson Controls International were worth $305,041,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of JCI. Mcguire Capital Advisors Inc. acquired a new position in shares of Johnson Controls International in the 4th quarter worth approximately $27,000. NBH Bank acquired a new stake in Johnson Controls International during the second quarter valued at approximately $29,000. Twin Tree Management LP boosted its holdings in Johnson Controls International by 140.9% during the fourth quarter. Twin Tree Management LP now owns 260 shares of the company’s stock worth $31,000 after buying an additional 895 shares in the last quarter. Fourth Dimension Wealth LLC boosted its holdings in Johnson Controls International by 51.3% during the second quarter. Fourth Dimension Wealth LLC now owns 230 shares of the company’s stock worth $34,000 after buying an additional 78 shares in the last quarter. Finally, First Bancorp Inc ME acquired a new position in Johnson Controls International in the second quarter worth approximately $34,000. 90.05% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on JCI. Wall Street Zen cut Johnson Controls International from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Royal Bank Of Canada lifted their target price on Johnson Controls International from $154.00 to $161.00 and gave the stock a “sector perform” rating in a report on Thursday, July 30th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Johnson Controls International in a research report on Friday, September 4th. Citigroup upped their target price on Johnson Controls International from $155.00 to $157.00 and gave the company a “neutral” rating in a report on Thursday, July 30th. Finally, UBS Group reiterated a “buy” rating on shares of Johnson Controls International in a research report on Thursday, July 30th. Twelve investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $155.75.

Johnson Controls International Trading Down 0.9%

Johnson Controls International stock opened at $145.10 on Thursday. The company has a 50 day moving average price of $144.77 and a 200 day moving average price of $141.38. Johnson Controls International plc has a 52 week low of $104.49 and a 52 week high of $157.06. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.83 and a current ratio of 1.00. The firm has a market capitalization of $87.89 billion, a price-to-earnings ratio of 25.24, a P/E/G ratio of 1.41 and a beta of 1.29.

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

Johnson Controls International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 16th. Stockholders of record on Monday, September 21st will be issued a $0.40 dividend. The ex-dividend date is Monday, September 21st. 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 currently 27.83%.

Insider Buying and Selling at Johnson Controls International

In other news, VP Lei Schlitz sold 23,417 shares of the stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $153.07, for a total value of $3,584,440.19. Following the completion of the sale, the vice president directly owned 15,017 shares of the company’s stock, valued at $2,298,652.19. This represents a 60.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.29% of the stock is owned by corporate insiders.

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.