Sterling Capital Management LLC trimmed its stake in shares of Johnson Controls International plc (NYSE:JCI – Free Report) by 85.5% in the first quarter, Holdings Channel.com reports. The firm owned 9,892 shares of the company’s stock after selling 58,457 shares during the quarter. Sterling Capital Management LLC’s holdings in Johnson Controls International were worth $1,295,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. State Street Corp boosted its position in Johnson Controls International by 0.6% in the third quarter. State Street Corp now owns 28,684,645 shares of the company’s stock valued at $3,165,286,000 after buying an additional 163,167 shares in the last quarter. Franklin Resources Inc. increased its holdings in shares of Johnson Controls International by 3.3% during the fourth quarter. Franklin Resources Inc. now owns 22,655,105 shares of the company’s stock worth $2,712,949,000 after buying an additional 718,245 shares in the last quarter. Fisher Asset Management LLC lifted its stake in shares of Johnson Controls International by 1.7% in the 4th quarter. Fisher Asset Management LLC now owns 17,239,953 shares of the company’s stock valued at $2,064,485,000 after acquiring an additional 280,704 shares during the last quarter. Invesco Ltd. lifted its stake in shares of Johnson Controls International by 13.0% in the 4th quarter. Invesco Ltd. now owns 16,003,486 shares of the company’s stock valued at $1,916,417,000 after acquiring an additional 1,837,220 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of Johnson Controls International during the 4th quarter valued at $927,739,000. Institutional investors own 90.05% of the company’s stock.
Insiders Place Their Bets
In related news, VP Todd M. Grabowski sold 1,800 shares of the business’s stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $146.20, for a total value of $263,160.00. Following the transaction, the vice president owned 26,215 shares in the company, valued at $3,832,633. The trade was a 6.43% decrease in their ownership of the stock. 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 the company’s stock in a transaction 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 sale, the vice president directly owned 57,059 shares in the company, valued at $8,044,748.41. This trade represents a 60.88% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.29% of the company’s stock.
Johnson Controls International Stock Up 1.7%
Johnson Controls International (NYSE:JCI – Get Free Report) last issued its quarterly earnings data on Tuesday, March 31st. The company reported $1.19 earnings per share (EPS) for the quarter. The company had revenue of $6.14 billion during the quarter. Johnson Controls International had a return on equity of 19.50% and a net margin of 14.45%. On average, analysts anticipate that Johnson Controls International plc will post 4.89 EPS for the current year.
Johnson Controls International Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Monday, June 15th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Monday, June 15th. Johnson Controls International’s dividend payout ratio is currently 28.62%.
Analyst Ratings Changes
JCI has been the topic of a number of research reports. Wall Street Zen upgraded Johnson Controls International from a “hold” rating to a “buy” rating in a research report on Sunday, May 3rd. Jefferies Financial Group lifted their price target on Johnson Controls International from $125.00 to $135.00 and gave the company a “hold” rating in a research note on Wednesday, April 15th. Royal Bank Of Canada restated a “sector perform” rating and set a $154.00 price target on shares of Johnson Controls International in a report on Tuesday, June 2nd. Oppenheimer reaffirmed a “market perform” rating on shares of Johnson Controls International in a research note on Tuesday, June 2nd. Finally, BNP Paribas Exane began coverage on shares of Johnson Controls International in a research report on Tuesday, April 14th. They set an “underperform” rating and a $120.00 target price on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $152.85.
Get Our Latest Research Report on Johnson Controls International
About Johnson Controls International
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.
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