Johnson Controls International plc $JCI Shares Sold by Andra AP fonden

Andra AP fonden trimmed its position in shares of Johnson Controls International plc (NYSE:JCI) by 2.5% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 143,376 shares of the company’s stock after selling 3,700 shares during the period. Andra AP fonden’s holdings in Johnson Controls International were worth $20,949,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of JCI. State Street Corp raised its holdings in shares of Johnson Controls International by 2.2% in the 2nd quarter. State Street Corp now owns 28,283,873 shares of the company’s stock valued at $4,143,674,000 after buying an additional 621,319 shares during the period. Sequoia Financial Advisors LLC grew its position in Johnson Controls International by 17.5% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 37,970 shares of the company’s stock valued at $5,548,000 after acquiring an additional 5,650 shares in the last quarter. Engineers Gate Manager LP grew its position in Johnson Controls International by 82.5% in the 2nd quarter. Engineers Gate Manager LP now owns 116,133 shares of the company’s stock valued at $16,968,000 after acquiring an additional 52,484 shares in the last quarter. Pinnacle Wealth Management Advisory Group LLC increased its stake in Johnson Controls International by 27.5% during the second quarter. Pinnacle Wealth Management Advisory Group LLC now owns 2,755 shares of the company’s stock worth $403,000 after purchasing an additional 594 shares during the period. Finally, NorthRock Partners LLC increased its stake in Johnson Controls International by 4.7% during the second quarter. NorthRock Partners LLC now owns 2,431 shares of the company’s stock worth $355,000 after purchasing an additional 110 shares during the period. 90.05% of the stock is currently owned by hedge funds and other institutional investors.

Johnson Controls International Stock Up 0.3%

Shares of NYSE:JCI traded up $0.50 during trading hours on Tuesday, reaching $145.68. The stock had a trading volume of 572,884 shares, compared to its average volume of 4,204,313. Johnson Controls International plc has a 1 year low of $104.49 and a 1 year high of $157.06. The firm’s 50 day moving average is $144.84 and its 200-day moving average is $141.30. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.83 and a current ratio of 1.00. The stock has a market capitalization of $88.24 billion, a price-to-earnings ratio of 25.36, a P/E/G ratio of 1.38 and a beta of 1.29.

Johnson Controls International (NYSE:JCI) last released its quarterly earnings data on Thursday, July 30th. The company reported $1.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.30 by $0.12. The business had revenue of $6.61 billion during the quarter, compared to analysts’ expectations of $6.46 billion. Johnson Controls International had a net margin of 14.32% and a return on equity of 22.11%. The company’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same period in the previous year, the company earned $1.05 EPS. Research analysts predict that Johnson Controls International plc will post 5.08 earnings per share for the current fiscal year.

Johnson Controls International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 16th. Shareholders of record on Monday, September 21st will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Monday, September 21st. Johnson Controls International’s payout ratio is 27.83%.

Wall Street Analysts Forecast Growth

JCI has been the subject of several recent research reports. UBS Group reissued a “buy” rating on shares of Johnson Controls International in a research note on Wednesday, September 16th. Royal Bank Of Canada upped their target price on shares of Johnson Controls International from $154.00 to $161.00 and gave the stock a “sector perform” rating in a research note on Thursday, July 30th. Zacks Research lowered shares of Johnson Controls International from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 6th. Sanford C. Bernstein raised their price target on shares of Johnson Controls International from $173.00 to $190.00 and gave the company an “outperform” rating in a research report on Friday, August 14th. Finally, Citigroup boosted their price target on shares of Johnson Controls International from $155.00 to $157.00 and gave the stock a “neutral” rating in a research note on Thursday, July 30th. Twelve equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $155.75.

Insider Activity

In other news, VP Lei Schlitz sold 23,417 shares of the company’s stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $153.07, for a total transaction of $3,584,440.19. Following the completion of the transaction, the vice president directly owned 15,017 shares of the company’s stock, valued at approximately $2,298,652.19. This represents a 60.93% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.29% of the company’s stock.

Johnson Controls International Profile

Johnson Controls International plc (NYSE:JCI) is a global company focused on building technologies and solutions that improve the efficiency, safety and sustainability of buildings. Its offerings include heating, ventilation and air-conditioning systems, building automation and controls, fire detection and suppression equipment, security systems, and related digital technologies and services.

The company serves commercial, institutional, industrial and residential customers, helping organizations manage building operations, energy use, indoor air quality and physical security.