Azzad Asset Management Inc. ADV Sells 278 Shares of Johnson Controls International plc (NYSE:JCI)

Azzad Asset Management Inc. ADV cut its position in shares of Johnson Controls International plc (NYSE:JCI) by 1.2% in the first quarter, Holdings Channel.com reports. The institutional investor owned 23,216 shares of the company’s stock after selling 278 shares during the period. Azzad Asset Management Inc. ADV’s holdings in Johnson Controls International were worth $1,516,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Saxon Interests Inc. lifted its stake in shares of Johnson Controls International by 17.1% in the 1st quarter. Saxon Interests Inc. now owns 7,898 shares of the company’s stock valued at $516,000 after purchasing an additional 1,151 shares during the last quarter. Miracle Mile Advisors LLC lifted its stake in shares of Johnson Controls International by 1.6% in the 1st quarter. Miracle Mile Advisors LLC now owns 16,908 shares of the company’s stock valued at $1,104,000 after purchasing an additional 268 shares during the last quarter. Kowal Investment Group LLC bought a new stake in shares of Johnson Controls International in the 1st quarter valued at approximately $224,000. BKM Wealth Management LLC lifted its stake in shares of Johnson Controls International by 48.6% in the 1st quarter. BKM Wealth Management LLC now owns 3,609 shares of the company’s stock valued at $236,000 after purchasing an additional 1,181 shares during the last quarter. Finally, Optas LLC bought a new stake in shares of Johnson Controls International in the 1st quarter valued at approximately $202,000. 90.05% of the stock is owned by institutional investors.

Johnson Controls International Stock Performance

JCI traded up $0.59 on Wednesday, reaching $66.91. 589,252 shares of the stock were exchanged, compared to its average volume of 5,473,530. The company’s 50-day moving average price is $68.28 and its 200 day moving average price is $62.45. Johnson Controls International plc has a fifty-two week low of $47.90 and a fifty-two week high of $74.23. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.87 and a quick ratio of 0.65. The firm has a market capitalization of $45.08 billion, a PE ratio of 27.09, a PEG ratio of 1.73 and a beta of 1.28.

Johnson Controls International (NYSE:JCI) last issued its quarterly earnings results on Wednesday, May 1st. The company reported $0.78 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.03. Johnson Controls International had a return on equity of 13.21% and a net margin of 6.32%. The company had revenue of $6.70 billion during the quarter, compared to analysts’ expectations of $7.51 billion. During the same quarter in the previous year, the firm posted $0.75 EPS. The firm’s revenue was down 6.1% compared to the same quarter last year. As a group, sell-side analysts forecast that Johnson Controls International plc will post 3.59 EPS for the current fiscal year.

Johnson Controls International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 19th. Shareholders of record on Monday, June 24th will be given a dividend of $0.37 per share. The ex-dividend date of this dividend is Monday, June 24th. This represents a $1.48 dividend on an annualized basis and a yield of 2.21%. Johnson Controls International’s dividend payout ratio is currently 59.92%.

Insiders Place Their Bets

In other news, VP Daniel C. Mcconeghy sold 9,342 shares of the business’s stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $65.50, for a total value of $611,901.00. Following the completion of the transaction, the vice president now owns 25,378 shares of the company’s stock, valued at approximately $1,662,259. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, VP Daniel C. Mcconeghy sold 9,342 shares of the business’s stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $65.50, for a total value of $611,901.00. Following the completion of the transaction, the vice president now owns 25,378 shares of the company’s stock, valued at approximately $1,662,259. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Nathan D. Manning sold 1,167 shares of the business’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $66.01, for a total value of $77,033.67. Following the completion of the transaction, the chief operating officer now directly owns 104,556 shares of the company’s stock, valued at approximately $6,901,741.56. The disclosure for this sale can be found here. In the last 90 days, insiders sold 17,881 shares of company stock valued at $1,149,995. 0.69% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research analysts have commented on JCI shares. UBS Group downgraded Johnson Controls International from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $74.00 to $68.00 in a report on Monday, May 6th. Wells Fargo & Company raised their price objective on Johnson Controls International from $64.00 to $73.00 and gave the stock an “overweight” rating in a report on Tuesday, April 2nd. Citigroup raised their price objective on Johnson Controls International from $59.00 to $68.00 and gave the stock a “neutral” rating in a report on Monday, April 8th. Barclays lifted their price target on Johnson Controls International from $59.00 to $62.00 and gave the company an “equal weight” rating in a report on Friday, June 21st. Finally, Oppenheimer lifted their price target on Johnson Controls International from $70.00 to $76.00 and gave the company an “outperform” rating in a report on Thursday, June 27th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Johnson Controls International presently has an average rating of “Hold” and an average target price of $63.82.

Johnson Controls International Profile

Johnson Controls International plc, together with its subsidiaries, engages in engineering, manufacturing, commissioning, and retrofitting building products and systems in the United States, Europe, the Asia Pacific, and internationally. It operates in four segments: Building Solutions North America, Building Solutions EMEA/LA, Building Solutions Asia Pacific, and Global Products.