Richmond Investment Services LLC Has $425,000 Stake in Johnson Controls International plc $JCI

Richmond Investment Services LLC reduced its holdings in shares of Johnson Controls International plc (NYSE:JCIFree Report) by 57.2% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,909 shares of the company’s stock after selling 3,894 shares during the quarter. Richmond Investment Services LLC’s holdings in Johnson Controls International were worth $425,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Mcguire Capital Advisors Inc. bought a new stake in Johnson Controls International in the 4th quarter valued at $27,000. Twin Tree Management LP boosted its position in Johnson Controls International by 140.9% during the fourth quarter. Twin Tree Management LP now owns 260 shares of the company’s stock worth $31,000 after purchasing an additional 895 shares during the period. SJS Investment Consulting Inc. boosted its position in Johnson Controls International by 747.1% during the first quarter. SJS Investment Consulting Inc. now owns 288 shares of the company’s stock worth $38,000 after purchasing an additional 254 shares during the period. Kemnay Advisory Services Inc. acquired a new position in shares of Johnson Controls International in the fourth quarter valued at $47,000. Finally, Reyes Financial Architecture Inc. acquired a new position in shares of Johnson Controls International in the fourth quarter valued at $48,000. 90.05% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Johnson Controls International news, VP Lei Zhang Schlitz sold 23,417 shares of Johnson Controls International stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $153.07, for a total value of $3,584,440.19. Following the completion of the sale, the vice president owned 15,017 shares in the company, valued at $2,298,652.19. The trade was a 60.93% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Todd M. Grabowski sold 1,800 shares of the business’s stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $146.20, for a total transaction of $263,160.00. Following the completion of 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 position. Additional details regarding this sale are available in the official SEC disclosure. 0.29% of the stock is owned by insiders.

Johnson Controls International Stock Performance

Shares of NYSE JCI opened at $151.47 on Friday. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.00 and a quick ratio of 0.83. The firm has a market cap of $91.75 billion, a price-to-earnings ratio of 26.34, a P/E/G ratio of 1.47 and a beta of 1.31. The stock’s fifty day moving average price is $144.71 and its two-hundred day moving average price is $139.65. Johnson Controls International plc has a one year low of $103.07 and a one year high of $157.06.

Johnson Controls International (NYSE:JCIGet Free Report) last posted its earnings results on Thursday, July 30th. The company reported $1.42 earnings per share for the quarter, topping analysts’ consensus estimates of $1.30 by $0.12. The company had revenue of $6.61 billion during the quarter, compared to the consensus estimate of $6.46 billion. Johnson Controls International had a return on equity of 22.11% and a net margin of 14.32%.The company’s revenue was up 9.3% on a year-over-year basis. During the same quarter last year, the firm earned $1.05 earnings per share. On average, equities analysts forecast that Johnson Controls International plc will post 5.08 EPS for the current year.

Johnson Controls International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, July 10th. Investors 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 yield of 1.1%. The ex-dividend date of this dividend was Monday, June 15th. Johnson Controls International’s dividend payout ratio (DPR) is currently 27.83%.

Analyst Upgrades and Downgrades

JCI has been the topic of several research analyst reports. Zacks Research lowered shares of Johnson Controls International from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 6th. JPMorgan Chase & Co. upped their price target on shares of Johnson Controls International from $158.00 to $162.00 in a research note on Thursday, May 7th. Sanford C. Bernstein started coverage on shares of Johnson Controls International in a report on Tuesday, June 9th. They issued an “outperform” rating and a $176.00 price target on the stock. Wells Fargo & Company increased their price target on shares of Johnson Controls International from $145.00 to $160.00 and gave the company an “overweight” rating in a report on Thursday, May 7th. Finally, Argus set a $175.00 price objective on Johnson Controls International in a report on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $154.80.

Get Our Latest Report on Johnson Controls International

Johnson Controls International Company 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.

Recommended Stories

Want to see what other hedge funds are holding JCI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Johnson Controls International plc (NYSE:JCIFree Report).

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

Receive News & Ratings for Johnson Controls International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Johnson Controls International and related companies with MarketBeat.com's FREE daily email newsletter.