91,184 Johnson Controls International plc $JCI Shares Sold by M&G PLC

M&G PLC trimmed its position in Johnson Controls International plc (NYSE:JCI) by 4.7% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,866,202 shares of the company’s stock after selling 91,184 shares during the period. Johnson Controls International comprises 1.4% of M&G PLC’s portfolio, making the stock its 16th biggest holding. M&G PLC owned about 0.31% of Johnson Controls International worth $278,064,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of JCI. State Street Corp grew its position in Johnson Controls International by 2.2% during the second quarter. State Street Corp now owns 28,283,873 shares of the company’s stock valued at $4,143,674,000 after buying an additional 621,319 shares during the period. Amundi increased its holdings in Johnson Controls International by 157.2% during the first quarter. Amundi now owns 5,965,212 shares of the company’s stock valued at $781,145,000 after buying an additional 3,646,047 shares during the last quarter. First Trust Advisors LP raised its position in Johnson Controls International by 28.3% in the first quarter. First Trust Advisors LP now owns 5,761,677 shares of the company’s stock worth $754,492,000 after acquiring an additional 1,270,849 shares during the period. Pictet Asset Management Holding SA raised its position in Johnson Controls International by 0.9% in the second quarter. Pictet Asset Management Holding SA now owns 2,331,718 shares of the company’s stock worth $340,501,000 after acquiring an additional 20,780 shares during the period. Finally, Hsbc Holdings PLC raised its position in Johnson Controls International by 702.5% in the first quarter. Hsbc Holdings PLC now owns 1,962,770 shares of the company’s stock worth $256,820,000 after acquiring an additional 1,718,179 shares during the period. 90.05% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Johnson Controls International news, Director Juergen Tinggren sold 4,000 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the director directly owned 27,236 shares in the company, valued at $4,335,698.84. This represents a 12.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.29% of the company’s stock.

Johnson Controls International Trading Up 4.8%

Shares of JCI stock opened at $141.50 on Tuesday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.75 and a current ratio of 0.90. The stock has a fifty day simple moving average of $147.15 and a two-hundred day simple moving average of $141.60. The firm has a market capitalization of $85.71 billion, a PE ratio of 30.23, a PEG ratio of 1.11 and a beta of 1.27. Johnson Controls International plc has a 52-week low of $108.41 and a 52-week high of $160.41.

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

Johnson Controls International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 16th. Investors 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 dividend on an annualized basis and a yield of 1.1%. Johnson Controls International’s payout ratio is currently 34.19%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on JCI. UBS Group reiterated a “buy” rating on shares of Johnson Controls International in a research note on Wednesday, October 28th. Evercore set a $170.00 price objective on Johnson Controls International in a research note on Wednesday, October 28th. Wall Street Zen lowered shares of Johnson Controls International from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Bank of America increased their target price on shares of Johnson Controls International from $152.00 to $175.00 and gave the stock a “buy” rating in a report on Thursday, October 8th. Finally, Citigroup raised their target price on shares of Johnson Controls International from $170.00 to $172.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 28th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $166.86.

About Johnson Controls International

Johnson Controls International plc develops building technologies, products and services for commercial, industrial and institutional customers. Its offerings include heating, ventilation and air conditioning (HVAC) equipment, building automation and controls, fire detection and suppression systems, and security solutions. The company also provides maintenance, modernization and other services to help customers manage building operations.

Its products and services support facilities such as offices, hospitals, schools, data centers and manufacturing sites.