Johnson Controls International plc $JCI Stock: MGO One Seven LLC Cuts Holdings

MGO One Seven LLC lessened its position in shares of Johnson Controls International plc (NYSE:JCI) by 3.0% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 127,136 shares of the company’s stock after selling 3,945 shares during the period. MGO One Seven LLC’s holdings in Johnson Controls International were worth $18,899,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in JCI. NBH Bank bought a new position in shares of Johnson Controls International during the second quarter worth approximately $29,000. Virginia Estate & Retirement Planning Advisors Inc. acquired a new stake in Johnson Controls International during the 3rd quarter worth approximately $33,000. Fourth Dimension Wealth LLC lifted its holdings in Johnson Controls International by 51.3% during the 2nd quarter. Fourth Dimension Wealth LLC now owns 230 shares of the company’s stock worth $34,000 after purchasing an additional 78 shares during the last quarter. First Bancorp Inc ME bought a new stake in Johnson Controls International in the 2nd quarter valued at $34,000. Finally, Latitude Advisors LLC bought a new stake in Johnson Controls International in the 3rd quarter valued at $38,000. Institutional investors own 90.05% of the company’s stock.

Johnson Controls International Stock Down 5.9%

NYSE JCI opened at $148.90 on Friday. The company has a current ratio of 0.90, a quick ratio of 0.83 and a debt-to-equity ratio of 0.55. Johnson Controls International plc has a 1-year low of $108.41 and a 1-year high of $160.41. The company has a 50 day moving average of $147.36 and a 200-day moving average of $140.79. The company has a market cap of $90.19 billion, a price-to-earnings ratio of 31.82, a PEG ratio of 1.17 and a beta of 1.27.

Johnson Controls International (NYSE:JCI) last issued its quarterly earnings results on Tuesday, October 27th. The company reported $1.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.59 by $0.07. The business had revenue of $7.11 billion during the quarter, compared to analysts’ expectations of $7.04 billion. Johnson Controls International had a return on equity of 23.38% and a net margin of 11.12%. The firm’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.26 earnings per share. On average, equities research analysts expect that Johnson Controls International plc will post 6.29 earnings per share for the current fiscal year.

Johnson Controls International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 16th. Shareholders of record on Monday, September 21st were issued a $0.40 dividend. The ex-dividend date of this dividend was Monday, September 21st. This represents a $1.60 annualized dividend and a yield of 1.1%. Johnson Controls International’s payout ratio is currently 34.19%.

Insiders Place Their Bets

In other news, VP Lei Schlitz sold 23,417 shares of the company’s 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 sale, 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 legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Juergen Tinggren sold 4,000 shares of the stock in a transaction on Wednesday, October 28th. The stock was sold at an average price of $159.19, for a total value of $636,760.00. Following the sale, the director directly owned 27,236 shares in the company, valued at approximately $4,335,698.84. This trade represents a 12.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.29% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on JCI shares. Wall Street Zen lowered Johnson Controls International from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Argus set a $175.00 target price on Johnson Controls International in a report on Friday, August 7th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Johnson Controls International from $180.00 to $178.00 and set a “buy” rating for the company in a research report on Wednesday, September 30th. Sanford C. Bernstein reissued an “outperform” rating on shares of Johnson Controls International in a research report on Wednesday, October 7th. Finally, Morgan Stanley upped their price target on shares of Johnson Controls International from $175.00 to $180.00 and gave the company an “overweight” rating in a research note on Wednesday, September 2nd. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $166.86.

Johnson Controls International Company Profile

Johnson Controls International plc (NYSE:JCI) is a global provider of building technology, products and services. The company helps customers design, operate and maintain efficient, healthy and secure buildings through solutions for heating, ventilation and air conditioning, building automation, energy management, fire detection and suppression, and physical security.

Its portfolio includes building controls and digital management platforms, HVAC equipment, chillers, air-handling systems, fire and security technologies, and related services.