Kepler Cheuvreux Suisse SA Decreases Stock Holdings in Johnson Controls International plc $JCI

Kepler Cheuvreux Suisse SA trimmed its position in shares of Johnson Controls International plc (NYSE:JCIFree Report) by 31.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,583 shares of the company’s stock after selling 6,128 shares during the period. Kepler Cheuvreux Suisse SA’s holdings in Johnson Controls International were worth $1,779,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Nordea Investment Management AB grew its position in Johnson Controls International by 6.7% in the fourth quarter. Nordea Investment Management AB now owns 2,276,753 shares of the company’s stock worth $274,235,000 after acquiring an additional 142,429 shares in the last quarter. First Trust Advisors LP raised its position in Johnson Controls International by 23.3% during the third quarter. First Trust Advisors LP now owns 3,519,724 shares of the company’s stock valued at $386,994,000 after purchasing an additional 665,782 shares during the period. Clear Trail Advisors LLC bought a new stake in shares of Johnson Controls International in the 4th quarter valued at approximately $5,104,000. Mirae Asset Global Investments Co. Ltd. lifted 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 during the last quarter. Finally, KADENSA CAPITAL Ltd boosted its holdings in shares of Johnson Controls International by 63.0% in the 3rd quarter. KADENSA CAPITAL Ltd now owns 255,411 shares of the company’s stock worth $28,082,000 after purchasing an additional 98,734 shares during the period. 90.05% of the stock is currently owned by institutional investors.

Insider Transactions at Johnson Controls International

In other news, VP Todd M. Grabowski sold 1,800 shares of the firm’s 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 transaction, the vice president directly owned 26,215 shares of the company’s stock, valued at approximately $3,832,633. This trade represents a 6.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Lei Zhang Schlitz sold 88,809 shares of Johnson Controls International 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 sale, the vice president directly owned 57,059 shares of the company’s stock, valued at $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

Shares of Johnson Controls International stock opened at $140.79 on Friday. The company has a quick ratio of 0.85, a current ratio of 1.04 and a debt-to-equity ratio of 0.64. The stock’s fifty day moving average is $141.99 and its two-hundred day moving average is $133.70. Johnson Controls International plc has a 52 week low of $102.09 and a 52 week high of $151.18. The company has a market capitalization of $85.90 billion, a PE ratio of 25.19, a price-to-earnings-growth ratio of 1.51 and a beta of 1.31.

Johnson Controls International (NYSE:JCIGet Free Report) last posted its quarterly earnings results on Tuesday, March 31st. The company reported $1.19 EPS for the quarter. The firm had revenue of $6.14 billion for the quarter. Johnson Controls International had a net margin of 14.45% and a return on equity of 19.50%. As a group, analysts expect that Johnson Controls International plc will post 4.9 earnings per share for the current year.

Johnson Controls International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Shareholders 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 yield of 1.1%. The ex-dividend date is Monday, June 15th. Johnson Controls International’s dividend payout ratio is currently 28.62%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on JCI shares. Morgan Stanley increased their price target on Johnson Controls International from $140.00 to $175.00 and gave the company an “overweight” rating in a report on Tuesday, June 9th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Johnson Controls International in a research note on Tuesday, June 9th. Sanford C. Bernstein began coverage on shares of Johnson Controls International in a research report on Tuesday, June 9th. They set an “outperform” rating and a $176.00 price objective on the stock. JPMorgan Chase & Co. increased their target price on shares of Johnson Controls International from $158.00 to $162.00 in a research note on Thursday, May 7th. Finally, Mizuho raised their target price 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. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Johnson Controls International has an average rating of “Moderate Buy” and a consensus target price of $152.85.

Check Out Our Latest Stock Analysis on Johnson Controls International

Johnson Controls International Profile

(Free Report)

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.

See Also

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

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