Fideuram Intesa Sanpaolo Private Banking S.P.A. Has $15.34 Million Holdings in Johnson Controls International plc $JCI

Fideuram Intesa Sanpaolo Private Banking S.P.A. reduced its stake in Johnson Controls International plc (NYSE:JCI) by 14.6% in the 1st quarter, Holdings Channel reports. The firm owned 117,113 shares of the company’s stock after selling 20,059 shares during the period. Fideuram Intesa Sanpaolo Private Banking S.P.A.’s holdings in Johnson Controls International were worth $15,336,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently bought and sold shares of the company. Nordea Investment Management AB boosted its holdings in Johnson Controls International by 6.7% in 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 period. Kepler Cheuvreux Suisse SA acquired a new position in shares of Johnson Controls International in the 3rd quarter worth approximately $2,345,000. First Trust Advisors LP grew its position in Johnson Controls International by 23.3% in the third quarter. First Trust Advisors LP now owns 3,519,724 shares of the company’s stock valued at $386,994,000 after acquiring an additional 665,782 shares during the period. Clear Trail Advisors LLC acquired a new position in Johnson Controls International during the fourth quarter worth $5,104,000. Finally, Mirae Asset Global Investments Co. Ltd. raised its stake in Johnson Controls International by 14.7% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 112,411 shares of the company’s stock worth $13,461,000 after acquiring an additional 14,446 shares in the last quarter. 90.05% of the stock is currently owned by institutional investors.

Insider Activity

In other news, VP Todd M. Grabowski sold 1,800 shares of the stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $146.20, for a total value of $263,160.00. Following the transaction, the vice president directly owned 26,215 shares of the company’s stock, valued at $3,832,633. This represents a 6.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Lei Zhang Schlitz sold 88,809 shares of the company’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $140.99, for a total transaction of $12,521,180.91. Following the completion of the transaction, the vice president owned 57,059 shares in the company, valued at approximately $8,044,748.41. This trade represents a 60.88% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.29% of the stock is owned by insiders.

Johnson Controls International Stock Performance

Shares of JCI opened at $140.79 on Friday. The stock has a market capitalization of $85.90 billion, a price-to-earnings ratio of 25.19, a PEG ratio of 1.55 and a beta of 1.31. The firm has a fifty day simple moving average of $141.97 and a 200 day simple moving average of $133.65. The company has a current ratio of 1.04, a quick ratio of 0.85 and a debt-to-equity ratio of 0.64. Johnson Controls International plc has a 12 month low of $102.09 and a 12 month high of $151.18.

Johnson Controls International (NYSE:JCI) last released its earnings results on Tuesday, March 31st. The company reported $1.19 earnings per share (EPS) for the quarter. The business 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 forecast that Johnson Controls International plc will post 4.9 EPS for the current fiscal year.

Johnson Controls International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Monday, June 15th will be paid a $0.40 dividend. The ex-dividend date is Monday, June 15th. This represents a $1.60 dividend on an annualized basis and a yield of 1.1%. Johnson Controls International’s dividend payout ratio (DPR) is currently 28.62%.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Robert W. Baird boosted their price target on shares of Johnson Controls International from $132.00 to $148.00 and gave the company a “neutral” rating in a research report on Monday, April 27th. Mizuho boosted their price objective on Johnson Controls International from $130.00 to $140.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. Sanford C. Bernstein began coverage on shares of Johnson Controls International in a research report on Tuesday, June 9th. They set an “outperform” rating and a $176.00 target price for the company. The Goldman Sachs Group increased their price target on shares of Johnson Controls International from $169.00 to $178.00 and gave the company a “buy” rating in a research report on Tuesday, June 2nd. Finally, Wall Street Zen raised Johnson Controls International from a “hold” rating to a “buy” rating in a research note on Sunday, May 3rd. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $152.85.

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.