Bokf Na Sells 1,582 Shares of Johnson Controls International plc (NYSE:JCI)

Bokf Na trimmed its position in shares of Johnson Controls International plc (NYSE:JCI) by 6.1% during the first quarter, Holdings Channel.com reports. The fund owned 24,255 shares of the company’s stock after selling 1,582 shares during the quarter. Bokf Na’s holdings in Johnson Controls International were worth $1,580,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of JCI. Vanguard Group Inc. boosted its holdings in Johnson Controls International by 17.3% during the 4th quarter. Vanguard Group Inc. now owns 71,387,169 shares of the company’s stock worth $4,114,756,000 after acquiring an additional 10,522,009 shares during the last quarter. Capital World Investors boosted its holdings in Johnson Controls International by 85.5% during the 1st quarter. Capital World Investors now owns 14,142,736 shares of the company’s stock worth $923,804,000 after acquiring an additional 6,520,580 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in Johnson Controls International by 95.9% during the 1st quarter. Bank of New York Mellon Corp now owns 12,760,120 shares of the company’s stock worth $833,491,000 after acquiring an additional 6,247,250 shares during the last quarter. Norges Bank purchased a new position in Johnson Controls International during the 4th quarter worth $316,400,000. Finally, Clean Energy Transition LLP purchased a new position in Johnson Controls International during the 4th quarter worth $124,553,000. 90.05% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, VP Daniel C. Mcconeghy sold 9,342 shares of the stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $65.50, for a total transaction of $611,901.00. Following the completion of the sale, the vice president now owns 25,378 shares of the company’s stock, valued at $1,662,259. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, Director Juergen Tinggren sold 4,000 shares of the firm’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $62.31, for a total value of $249,240.00. Following the completion of the sale, the director now owns 30,120 shares of the company’s stock, valued at $1,876,777.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Daniel C. Mcconeghy sold 9,342 shares of the firm’s stock in a transaction on 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 sale, the vice president now directly owns 25,378 shares of the company’s stock, valued at approximately $1,662,259. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 18,067 shares of company stock valued at $1,163,404. 0.69% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have issued reports on JCI. UBS Group downgraded shares of Johnson Controls International from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $74.00 to $68.00 in a report on Monday, May 6th. Oppenheimer boosted their price target on shares of Johnson Controls International from $70.00 to $76.00 and gave the stock an “outperform” rating in a report on Thursday, June 27th. Robert W. Baird boosted their price target on shares of Johnson Controls International from $62.00 to $72.00 and gave the stock a “neutral” rating in a report on Monday, July 15th. The Goldman Sachs Group boosted their price target on shares of Johnson Controls International from $66.00 to $73.00 and gave the stock a “buy” rating in a report on Wednesday, July 10th. Finally, Wells Fargo & Company boosted their price target on shares of Johnson Controls International from $70.00 to $75.00 and gave the stock an “overweight” rating in a report on Wednesday, July 10th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $65.23.

Johnson Controls International Stock Performance

NYSE JCI traded up $2.05 during trading on Friday, hitting $68.77. 4,794,459 shares of the company’s stock traded hands, compared to its average volume of 3,728,913. The business has a 50 day moving average of $69.57 and a 200-day moving average of $63.92. Johnson Controls International plc has a 12-month low of $47.90 and a 12-month high of $74.23. The stock has a market capitalization of $46.33 billion, a price-to-earnings ratio of 27.84, a PEG ratio of 1.80 and a beta of 1.28. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.65 and a current ratio of 0.87.

Johnson Controls International (NYSE:JCI) last announced its quarterly earnings results on Wednesday, May 1st. The company reported $0.78 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $6.70 billion for the quarter, compared to analysts’ expectations of $7.51 billion. During the same period in the prior year, the business posted $0.75 earnings per share. The company’s revenue was down 6.1% on a year-over-year basis. As a group, equities research analysts anticipate that Johnson Controls International plc will post 3.58 earnings per share for the current fiscal year.

Johnson Controls International Dividend Announcement

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

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.