Mitsubishi UFJ Trust & Banking Corp Sells 39,155 Shares of Johnson Controls International plc (NYSE:JCI)

Mitsubishi UFJ Trust & Banking Corp cut its holdings in Johnson Controls International plc (NYSE:JCI) by 9.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 355,832 shares of the company’s stock after selling 39,155 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned 0.05% of Johnson Controls International worth $23,242,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in JCI. Rise Advisors LLC bought a new position in Johnson Controls International in the 1st quarter worth approximately $25,000. Turtle Creek Wealth Advisors LLC bought a new position in Johnson Controls International during the fourth quarter worth $25,000. EdgeRock Capital LLC acquired a new position in Johnson Controls International during the 4th quarter valued at $27,000. Hexagon Capital Partners LLC boosted its holdings in Johnson Controls International by 114.0% in the 4th quarter. Hexagon Capital Partners LLC now owns 503 shares of the company’s stock valued at $29,000 after purchasing an additional 268 shares during the period. Finally, Centerpoint Advisors LLC grew its position in Johnson Controls International by 126.8% in the 1st quarter. Centerpoint Advisors LLC now owns 737 shares of the company’s stock worth $48,000 after purchasing an additional 412 shares during the last quarter. Institutional investors and hedge funds own 90.05% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on JCI shares. Barclays cut their price objective on shares of Johnson Controls International from $62.00 to $61.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 10th. Robert W. Baird lifted their price objective on Johnson Controls International from $62.00 to $72.00 and gave the stock a “neutral” rating in a report on Monday, July 15th. UBS Group cut Johnson Controls International from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $74.00 to $68.00 in a research report on Monday, May 6th. Wells Fargo & Company raised their target price on Johnson Controls International from $70.00 to $75.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 10th. Finally, The Goldman Sachs Group lifted their price target on shares of Johnson Controls International from $66.00 to $73.00 and gave the stock a “buy” rating in a research note on Wednesday, July 10th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Johnson Controls International has a consensus rating of “Hold” and a consensus price target of $65.23.

Johnson Controls International Price Performance

JCI stock traded down $0.59 during trading on Friday, hitting $68.95. 2,441,695 shares of the stock traded hands, compared to its average volume of 3,734,318. The stock has a market cap of $46.45 billion, a price-to-earnings ratio of 27.91, a P/E/G ratio of 1.80 and a beta of 1.28. Johnson Controls International plc has a one year low of $47.90 and a one year high of $74.23. The company has a current ratio of 0.87, a quick ratio of 0.65 and a debt-to-equity ratio of 0.44. The company has a 50 day simple moving average of $69.49 and a 200 day simple moving average of $63.52.

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

Johnson Controls International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, July 19th. Stockholders of record on Monday, June 24th were issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 2.15%. The ex-dividend date was Monday, June 24th. Johnson Controls International’s payout ratio is presently 59.92%.

Insider Activity

In related news, COO Nathan D. Manning sold 3,000 shares of the company’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $62.86, for a total transaction of $188,580.00. Following the transaction, the chief operating officer now owns 106,891 shares in the company, valued at approximately $6,719,168.26. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, VP Daniel C. Mcconeghy sold 9,342 shares of the stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $65.50, for a total transaction of $611,901.00. Following the sale, the vice president now directly owns 25,378 shares of the company’s stock, valued at $1,662,259. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Nathan D. Manning sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $62.86, for a total transaction of $188,580.00. Following the completion of the transaction, the chief operating officer now owns 106,891 shares of the company’s stock, valued at approximately $6,719,168.26. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 18,067 shares of company stock worth $1,162,299. 0.69% of the stock is owned by corporate insiders.

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.