Commerzbank Aktiengesellschaft FI Sells 15,913 Shares of Johnson Controls International plc $JCI

Commerzbank Aktiengesellschaft FI reduced its holdings in shares of Johnson Controls International plc (NYSE:JCI) by 54.4% during the 1st quarter, Holdings Channel.com reports. The fund owned 13,341 shares of the company’s stock after selling 15,913 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in Johnson Controls International were worth $1,747,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Clear Trail Advisors LLC bought a new position in shares of Johnson Controls International during the fourth quarter valued at $5,104,000. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Johnson Controls International by 14.7% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 112,411 shares of the company’s stock valued at $13,461,000 after purchasing an additional 14,446 shares in the last quarter. Diversified Management Inc. bought a new stake in shares of Johnson Controls International in the 4th quarter worth about $1,310,000. Vista Investment Partners LLC bought a new stake in shares of Johnson Controls International in the 4th quarter worth about $4,202,000. Finally, Abacus Wealth Partners LLC acquired a new stake in shares of Johnson Controls International during the 4th quarter worth about $1,233,000. Institutional investors own 90.05% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on JCI. Sanford C. Bernstein started coverage on shares of Johnson Controls International in a report on Tuesday, June 9th. They set an “outperform” rating and a $176.00 price target for the company. Wall Street Zen raised shares of Johnson Controls International from a “hold” rating to a “buy” rating in a research note on Sunday, May 3rd. Mizuho raised their price objective on shares of Johnson Controls International from $130.00 to $140.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. Citigroup lifted their target price on shares of Johnson Controls International from $150.00 to $155.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. Finally, Barclays boosted their target price on Johnson Controls International from $136.00 to $144.00 and gave the stock an “equal weight” rating in a report on Thursday, May 7th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $152.85.

Insider Activity at Johnson Controls International

In other news, VP Todd M. Grabowski sold 1,800 shares of the 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 of the company’s stock, valued at $3,832,633. This represents a 6.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Lei Zhang Schlitz sold 88,809 shares of the firm’s stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $140.99, for a total transaction of $12,521,180.91. Following the completion of the sale, the vice president directly owned 57,059 shares of the company’s stock, valued at approximately $8,044,748.41. This represents a 60.88% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.29% of the stock is owned by corporate insiders.

Johnson Controls International Stock Performance

Johnson Controls International stock opened at $141.64 on Wednesday. The stock has a 50-day simple moving average of $141.89 and a 200 day simple moving average of $135.66. The company has a quick ratio of 0.85, a current ratio of 1.04 and a debt-to-equity ratio of 0.64. Johnson Controls International plc has a 12-month low of $102.09 and a 12-month high of $151.18. The stock has a market capitalization of $86.42 billion, a price-to-earnings ratio of 25.34, a P/E/G ratio of 1.49 and a beta of 1.31.

Johnson Controls International (NYSE:JCI) last issued its quarterly earnings results on Tuesday, March 31st. The company reported $1.19 earnings per share (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. On average, research analysts anticipate that Johnson Controls International plc will post 4.9 earnings per share for the current fiscal year.

Johnson Controls International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, July 10th. Stockholders of record on Monday, June 15th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Monday, June 15th. Johnson Controls International’s dividend payout ratio is presently 28.62%.

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.