Johnson Controls International plc $JCI Position Reduced by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. cut its holdings in Johnson Controls International plc (NYSE:JCI – Free Report) by 3.8% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 1,260,265 shares of the company’s stock after selling 49,256 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Johnson Controls International were worth $187,338,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. NBH Bank purchased a new position in shares of Johnson Controls International in the second quarter worth about $29,000. Virginia Estate & Retirement Planning Advisors Inc. purchased a new stake in Johnson Controls International during the 3rd quarter valued at about $33,000. Fourth Dimension Wealth LLC boosted its holdings in Johnson Controls International by 51.3% during the 2nd quarter. Fourth Dimension Wealth LLC now owns 230 shares of the company’s stock valued at $34,000 after acquiring an additional 78 shares during the period. First Bancorp Inc ME bought a new position in Johnson Controls International during the 2nd quarter worth approximately $34,000. Finally, Latitude Advisors LLC purchased a new position in Johnson Controls International in the 3rd quarter worth approximately $38,000. 90.05% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Johnson Controls International

In related news, VP Lei Schlitz sold 23,417 shares of the company’s stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $153.07, for a total value of $3,584,440.19. Following the sale, the vice president directly owned 15,017 shares of the company’s stock, valued at $2,298,652.19. This represents a 60.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Juergen Tinggren sold 4,000 shares of the stock in a transaction on Wednesday, October 28th. The stock was sold at an average price of $159.19, for a total value of $636,760.00. Following the completion of the transaction, the director owned 27,236 shares of the company’s stock, valued at approximately $4,335,698.84. This trade represents a 12.81% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 0.29% of the company’s stock.

Wall Street Analyst Weigh In

JCI has been the subject of a number of analyst reports. Weiss Ratings raised Johnson Controls International from a “buy (b)” rating to a “buy (a)” rating in a research note on Thursday, October 8th. Zacks Research lowered shares of Johnson Controls International from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 6th. Wall Street Zen lowered shares of Johnson Controls International from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Morgan Stanley boosted their price objective on shares of Johnson Controls International from $175.00 to $180.00 and gave the company an “overweight” rating in a research report on Wednesday, September 2nd. Finally, Wells Fargo & Company upped their price objective on shares of Johnson Controls International from $186.00 to $200.00 and gave the company an “overweight” rating in a research note on Wednesday. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $166.86.

View Our Latest Report on JCI

Johnson Controls International Trading Down 0.1%

NYSE:JCI opened at $148.90 on Monday. The company has a 50-day moving average price of $147.36 and a 200-day moving average price of $140.79. The stock has a market cap of $90.19 billion, a price-to-earnings ratio of 31.82, a P/E/G ratio of 1.17 and a beta of 1.27. The company has a current ratio of 0.90, a quick ratio of 0.75 and a debt-to-equity ratio of 0.55. Johnson Controls International plc has a 12 month low of $108.41 and a 12 month high of $160.41.

Johnson Controls International (NYSE:JCI – Get Free Report) last released its quarterly earnings results on Tuesday, October 27th. The company reported $1.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.59 by $0.07. Johnson Controls International had a net margin of 11.12% and a return on equity of 23.38%. The company had revenue of $7.11 billion during the quarter, compared to the consensus estimate of $7.04 billion. During the same period in the prior year, the firm earned $1.26 earnings per share. Johnson Controls International’s revenue was up 10.4% on a year-over-year basis. Equities analysts predict that Johnson Controls International plc will post 6.29 EPS for the current year.

Johnson Controls International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, October 16th. Investors of record on Monday, September 21st were given a dividend of $0.40 per share. The ex-dividend date was Monday, September 21st. This represents a $1.60 annualized dividend and a dividend yield of 1.1%. Johnson Controls International’s payout ratio is currently 34.19%.

About Johnson Controls International

(Free Report)

Johnson Controls International plc (NYSE:JCI) is a global provider of building technology, products and services. The company helps customers design, operate and maintain efficient, healthy and secure buildings through solutions for heating, ventilation and air conditioning, building automation, energy management, fire detection and suppression, and physical security.

Its portfolio includes building controls and digital management platforms, HVAC equipment, chillers, air-handling systems, fire and security technologies, and related services.

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Institutional Ownership by Quarter for Johnson Controls International (NYSE:JCI)

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