Resona Asset Management Co. Ltd. reduced its holdings in Johnson Controls International plc (NYSE:JCI – Free Report) by 4.7% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 156,752 shares of the company’s stock after selling 7,801 shares during the quarter. Resona Asset Management Co. Ltd.’s holdings in Johnson Controls International were worth $20,527,000 as of its most recent SEC filing.
Several other large investors have also recently modified their holdings of the business. Brighton Jones LLC bought a new stake in shares of Johnson Controls International in the fourth quarter worth $222,000. Acadian Asset Management LLC acquired a new position in Johnson Controls International during the 1st quarter worth about $55,000. Sivia Capital Partners LLC lifted its holdings in Johnson Controls International by 83.3% during the 2nd quarter. Sivia Capital Partners LLC now owns 7,049 shares of the company’s stock worth $745,000 after buying an additional 3,203 shares during the period. Jump Financial LLC grew its position in shares of Johnson Controls International by 3.5% in the 2nd quarter. Jump Financial LLC now owns 12,578 shares of the company’s stock valued at $1,328,000 after buying an additional 425 shares during the last quarter. Finally, Federated Hermes Inc. increased its stake in shares of Johnson Controls International by 120.7% in the second quarter. Federated Hermes Inc. now owns 12,359 shares of the company’s stock valued at $1,305,000 after buying an additional 6,760 shares during the period. Institutional investors own 90.05% of the company’s stock.
Insider Buying and Selling
In related news, VP Lei Zhang Schlitz sold 88,809 shares of the company’s 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 transaction, 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. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Todd M. Grabowski sold 1,800 shares of the stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $146.20, for a total value of $263,160.00. Following the completion of the transaction, the vice president owned 26,215 shares in the company, valued at approximately $3,832,633. The trade was a 6.43% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.29% of the stock is currently owned by corporate insiders.
Johnson Controls International Stock Down 0.1%
Johnson Controls International (NYSE:JCI – Get Free Report) last posted its quarterly earnings results on Tuesday, March 31st. The company reported $1.19 earnings per share for the quarter. Johnson Controls International had a net margin of 14.45% and a return on equity of 19.50%. The firm had revenue of $6.14 billion during the quarter. As a group, sell-side analysts forecast that Johnson Controls International plc will post 4.92 earnings per share for the current fiscal year.
Johnson Controls International Announces Dividend
The company 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 $0.40 dividend. 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, June 15th. Johnson Controls International’s payout ratio is presently 28.62%.
Analyst Ratings Changes
A number of equities analysts recently commented on JCI shares. Morgan Stanley lifted their price objective on Johnson Controls International from $140.00 to $175.00 and gave the stock an “overweight” rating in a research note on Tuesday, June 9th. BNP Paribas Exane assumed coverage on shares of Johnson Controls International in a research note on Tuesday, April 14th. They issued an “underperform” rating and a $120.00 price objective on the stock. Sanford C. Bernstein started coverage on shares of Johnson Controls International in a research note on Tuesday, June 9th. They set an “outperform” rating and a $176.00 target price for the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Johnson Controls International in a research report on Tuesday, June 9th. Finally, Barclays increased their price target 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 analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Johnson Controls International currently has an average rating of “Moderate Buy” and a consensus price target of $152.85.
Get Our Latest 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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