Vontobel Holding Ltd. lowered its stake in shares of Johnson Controls International plc (NYSE:JCI – Free Report) by 5.6% during the 3rd quarter, HoldingsChannel reports. The fund owned 289,872 shares of the company’s stock after selling 17,274 shares during the period. Vontobel Holding Ltd.’s holdings in Johnson Controls International were worth $43,089,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also recently made changes to their positions in JCI. State Street Corp increased its position in shares of Johnson Controls International by 2.2% during the second quarter. State Street Corp now owns 28,283,873 shares of the company’s stock valued at $4,143,674,000 after buying an additional 621,319 shares during the period. Invesco Ltd. lifted its holdings in shares of Johnson Controls International by 13.0% in the fourth quarter. Invesco Ltd. now owns 16,003,486 shares of the company’s stock worth $1,916,417,000 after buying an additional 1,837,220 shares in the last quarter. Amundi boosted its position in shares of Johnson Controls International by 157.2% in the first quarter. Amundi now owns 5,965,212 shares of the company’s stock valued at $781,145,000 after acquiring an additional 3,646,047 shares during the period. First Trust Advisors LP increased its holdings in Johnson Controls International by 28.3% during the 1st quarter. First Trust Advisors LP now owns 5,761,677 shares of the company’s stock worth $754,492,000 after acquiring an additional 1,270,849 shares during the period. Finally, Pictet Asset Management Holding SA increased its holdings in Johnson Controls International by 0.9% during the 2nd quarter. Pictet Asset Management Holding SA now owns 2,331,718 shares of the company’s stock worth $340,501,000 after acquiring an additional 20,780 shares during the period. 90.05% of the stock is owned by institutional investors.
Insider Buying and Selling at Johnson Controls International
In related news, VP Lei Schlitz sold 23,417 shares of Johnson Controls International stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $153.07, for a total transaction of $3,584,440.19. Following the transaction, the vice president directly owned 15,017 shares in the company, valued at approximately $2,298,652.19. The trade was a 60.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.29% of the stock is owned by company insiders.
Analyst Upgrades and Downgrades
A number of equities analysts have weighed in on JCI shares. Argus set a $175.00 target price on Johnson Controls International in a research note on Friday, August 7th. Wells Fargo & Company began coverage on Johnson Controls International in a research report on Thursday, September 24th. They set an “overweight” rating and a $186.00 price target for the company. Mizuho boosted their price objective on Johnson Controls International from $150.00 to $165.00 and gave the stock a “neutral” rating in a report on Thursday. Weiss Ratings upgraded shares of Johnson Controls International from a “buy (b)” rating to a “buy (a)” rating in a research report on Thursday, October 8th. Finally, UBS Group restated a “buy” rating on shares of Johnson Controls International in a research report on Wednesday, September 16th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Johnson Controls International currently has an average rating of “Moderate Buy” and a consensus target price of $163.05.
View Our Latest Research Report on Johnson Controls International
Johnson Controls International Stock Down 1.7%
JCI stock traded down $2.44 during midday trading on Friday, hitting $145.19. The stock had a trading volume of 3,531,430 shares, compared to its average volume of 3,357,160. The business has a 50-day moving average of $147.36 and a two-hundred day moving average of $143.66. 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 $87.95 billion, a price-to-earnings ratio of 25.25, a price-to-earnings-growth ratio of 1.10 and a beta of 1.27. Johnson Controls International plc has a 52-week low of $107.77 and a 52-week high of $160.41.
Johnson Controls International (NYSE:JCI – Get Free Report) last released its earnings results on Thursday, July 30th. The company reported $1.42 EPS for the quarter, topping analysts’ consensus estimates of $1.30 by $0.12. The firm had revenue of $6.61 billion for the quarter, compared to analysts’ expectations 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 quarterly revenue was up 9.3% on a year-over-year basis. During the same period in the prior year, the firm posted $1.05 earnings per share. As a group, equities research analysts forecast that Johnson Controls International plc will post 5.08 earnings per share for the current fiscal year.
Johnson Controls International Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 16th. Stockholders of record on Monday, September 21st were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Monday, September 21st. Johnson Controls International’s dividend payout ratio is 27.83%.
Johnson Controls International Profile
Johnson Controls International plc (NYSE: JCI) is a global provider of building technology, products and services. The company helps commercial, institutional and industrial customers improve building performance, energy efficiency, safety and occupant comfort through integrated solutions.
Its offerings include heating, ventilation and air-conditioning systems; building automation and controls; fire detection and suppression equipment; security systems; energy management technologies; and related service, maintenance and digital solutions.
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