Peterson Wealth Services Sells 31,520 Shares of Johnson Controls International plc $JCI

Peterson Wealth Services reduced its position in Johnson Controls International plc (NYSE:JCI) by 62.3% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 19,064 shares of the company’s stock after selling 31,520 shares during the quarter. Peterson Wealth Services’ holdings in Johnson Controls International were worth $2,283,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Great Valley Advisor Group Inc. bought a new position in Johnson Controls International in the 4th quarter valued at about $211,000. Qtron Investments LLC bought a new position in Johnson Controls International in the 4th quarter valued at about $1,024,000. IFM Investors Pty Ltd bought a new position in Johnson Controls International in the 4th quarter valued at about $16,904,000. SmartHarvest Portfolios LLC bought a new position in Johnson Controls International in the 4th quarter valued at about $414,000. Finally, Lyell Wealth Management LP increased its holdings in Johnson Controls International by 3.8% in the 4th quarter. Lyell Wealth Management LP now owns 10,341 shares of the company’s stock valued at $1,238,000 after buying an additional 379 shares during the period. 90.05% of the stock is owned by institutional investors.

Johnson Controls International Trading Up 3.4%

Shares of Johnson Controls International stock opened at $144.08 on Friday. The firm has a market capitalization of $87.90 billion, a PE ratio of 25.77, a price-to-earnings-growth ratio of 1.51 and a beta of 1.32. The company has a current ratio of 1.04, a quick ratio of 0.85 and a debt-to-equity ratio of 0.64. The firm’s 50 day moving average is $140.20 and its 200 day moving average is $130.63. Johnson Controls International plc has a 1 year low of $100.86 and a 1 year high of $149.10.

Johnson Controls International (NYSE:JCI) last posted its earnings results on Tuesday, March 31st. The company reported $1.19 EPS for the quarter. Johnson Controls International had a net margin of 14.45% and a return on equity of 19.50%. The business had revenue of $6.14 billion for the quarter. Equities research analysts forecast that Johnson Controls International plc will post 4.86 earnings per share for the current fiscal year.

Johnson Controls International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Monday, June 15th will be given a dividend of $0.40 per share. The ex-dividend date is Monday, June 15th. This represents a $1.60 annualized dividend and a yield of 1.1%. Johnson Controls International’s dividend payout ratio (DPR) is currently 28.62%.

Insider Activity at Johnson Controls International

In related news, VP Todd M. Grabowski sold 1,800 shares of Johnson Controls International stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $146.20, for a total transaction of $263,160.00. Following the sale, the vice president directly owned 26,215 shares in the company, valued at $3,832,633. This trade represents a 6.43% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Lei Zhang Schlitz sold 88,809 shares of Johnson Controls International stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $140.99, for a total transaction of $12,521,180.91. Following the sale, the vice president owned 57,059 shares in the company, valued at approximately $8,044,748.41. This represents a 60.88% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.29% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on JCI shares. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $154.00 price target on shares of Johnson Controls International in a report on Tuesday, June 2nd. Barclays lifted their price target on shares of Johnson Controls International from $136.00 to $144.00 and gave the company an “equal weight” rating in a report on Thursday, May 7th. The Goldman Sachs Group lifted their price target on shares of Johnson Controls International from $169.00 to $178.00 and gave the company a “buy” rating in a report on Tuesday, June 2nd. Wolfe Research reaffirmed an “outperform” rating and set a $171.00 price target on shares of Johnson Controls International in a report on Wednesday, June 3rd. Finally, UBS Group lifted their price target on shares of Johnson Controls International from $170.00 to $180.00 and gave the company a “buy” rating in a report on Tuesday, June 2nd. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Johnson Controls International presently has an average rating of “Moderate Buy” and an average price target of $152.85.

Johnson Controls International Profile

Johnson Controls International plc is a global diversified technology and multi‑industrial company that develops products, services and solutions for buildings and energy storage. The company’s core focus is on improving building efficiency, safety and sustainability through a combination of HVAC equipment, building controls and automation, fire and security systems, and related services. Johnson Controls traces its roots to 1885, when inventor Warren S. Johnson developed an electric room thermostat; over its long history the company has expanded from controls into a broad set of building‑related technologies and, through corporate transactions, into a global provider of integrated building solutions.

Johnson Controls’ product and service portfolio includes heating, ventilation and air‑conditioning equipment, chillers, air handlers and related mechanical systems, together with building automation and control platforms that monitor and manage energy use, indoor environmental quality and security.