CHICAGO TRUST Co NA lowered its stake in Johnson Controls International PLC (NYSE:JCI) by 5.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,876 shares of the company’s stock after selling 2,451 shares during the period. CHICAGO TRUST Co NA’s holdings in Johnson Controls International were worth $1,730,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently bought and sold shares of the business. State of Alaska Department of Revenue increased its position in Johnson Controls International by 4.4% during the second quarter. State of Alaska Department of Revenue now owns 149,075 shares of the company’s stock worth $6,157,000 after buying an additional 6,274 shares during the period. AE Wealth Management LLC purchased a new position in shares of Johnson Controls International in the 2nd quarter valued at approximately $252,000. FDx Advisors Inc. grew its stake in shares of Johnson Controls International by 2.0% in the 2nd quarter. FDx Advisors Inc. now owns 54,511 shares of the company’s stock valued at $2,252,000 after purchasing an additional 1,048 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its stake in shares of Johnson Controls International by 70.3% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 330,767 shares of the company’s stock valued at $13,664,000 after purchasing an additional 136,551 shares during the last quarter. Finally, Bessemer Group Inc. grew its stake in shares of Johnson Controls International by 914.4% in the 2nd quarter. Bessemer Group Inc. now owns 3,743 shares of the company’s stock valued at $154,000 after purchasing an additional 3,374 shares during the last quarter. 90.97% of the stock is currently owned by institutional investors.
In other news, CEO George Oliver sold 11,238 shares of the company’s stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $41.67, for a total value of $468,287.46. Following the completion of the sale, the chief executive officer now owns 875,511 shares of the company’s stock, valued at $36,482,543.37. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Rodney M. Rushing sold 29,728 shares of the company’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $39.03, for a total value of $1,160,283.84. The disclosure for this sale can be found here. In the last three months, insiders have sold 279,718 shares of company stock valued at $11,171,350. 0.50% of the stock is owned by company insiders.
Shares of NYSE JCI traded up $0.15 during trading on Friday, reaching $41.27. The company had a trading volume of 185,298 shares, compared to its average volume of 3,849,969. Johnson Controls International PLC has a twelve month low of $28.30 and a twelve month high of $42.18. The stock has a market capitalization of $37.18 billion, a PE ratio of 14.58, a PEG ratio of 2.24 and a beta of 0.95. The business’s 50-day simple moving average is $40.71. The company has a quick ratio of 0.80, a current ratio of 0.95 and a debt-to-equity ratio of 0.40.
Johnson Controls International (NYSE:JCI) last released its earnings results on Wednesday, May 1st. The company reported $0.32 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.30 by $0.02. The firm had revenue of $5.78 billion during the quarter, compared to analyst estimates of $5.79 billion. Johnson Controls International had a return on equity of 9.85% and a net margin of 8.52%. The business’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.54 earnings per share. Equities research analysts expect that Johnson Controls International PLC will post 1.91 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, July 12th. Shareholders of record on Monday, June 24th were given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 2.52%. The ex-dividend date of this dividend was Friday, June 21st. Johnson Controls International’s dividend payout ratio (DPR) is presently 36.75%.
Several research analysts have weighed in on the company. Zacks Investment Research downgraded First Merchants from a “hold” rating to a “sell” rating in a research note on Monday, July 1st. Barclays downgraded Axel Springer from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, June 12th. Citigroup decreased their price target on Tremont Mortgage Trust from $9.50 to $5.00 and set a “neutral” rating on the stock in a research note on Wednesday, June 5th. ValuEngine downgraded Zumiez from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd. Finally, Credit Suisse Group decreased their price target on Marathon Petroleum from $95.00 to $80.00 and set an “outperform” rating on the stock in a research note on Monday, May 13th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $38.82.
About Johnson Controls International
Johnson Controls International plc operates as a diversified technology and multi industrial company worldwide. The company operates through Building Technologies & Solutions and Power Solutions segments. The company designs, sells, installs, and services heating, ventilating, and air conditioning systems, controls systems, integrated electronic security systems, and integrated fire detection and suppression systems for commercial, industrial, retail, small business, institutional, and governmental customers; and energy efficiency solutions and technical services, including inspection, scheduled maintenance, and repair and replacement of mechanical and control systems, to non-residential building and industrial applications.
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