Johnson Controls International plc (NYSE:JCI) Shares Sold by Advisor Group Holdings Inc.

Advisor Group Holdings Inc. lessened its stake in shares of Johnson Controls International plc (NYSE:JCIGet Rating) by 4.3% in the first quarter, according to its most recent filing with the SEC. The fund owned 161,261 shares of the company’s stock after selling 7,298 shares during the period. Advisor Group Holdings Inc.’s holdings in Johnson Controls International were worth $10,699,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Norges Bank acquired a new stake in Johnson Controls International during the 4th quarter valued at $552,369,000. Schroder Investment Management Group raised its stake in Johnson Controls International by 759.0% during the 4th quarter. Schroder Investment Management Group now owns 3,031,203 shares of the company’s stock valued at $246,468,000 after purchasing an additional 2,678,321 shares during the period. Sumitomo Mitsui Trust Holdings Inc. acquired a new stake in Johnson Controls International during the 1st quarter valued at $134,563,000. Adage Capital Partners GP L.L.C. raised its stake in Johnson Controls International by 158.1% during the 4th quarter. Adage Capital Partners GP L.L.C. now owns 2,232,250 shares of the company’s stock valued at $181,504,000 after purchasing an additional 1,367,535 shares during the period. Finally, BlackRock Inc. raised its stake in Johnson Controls International by 2.2% during the 4th quarter. BlackRock Inc. now owns 58,601,139 shares of the company’s stock valued at $4,764,859,000 after purchasing an additional 1,257,916 shares during the period. Institutional investors and hedge funds own 88.54% of the company’s stock.

Analyst Ratings Changes

JCI has been the topic of several recent analyst reports. Wells Fargo & Company cut their target price on shares of Johnson Controls International from $60.00 to $56.00 in a research note on Tuesday, July 12th. Oppenheimer dropped their price target on shares of Johnson Controls International from $85.00 to $70.00 in a research note on Thursday, May 5th. Barclays dropped their price target on shares of Johnson Controls International from $65.00 to $60.00 and set an “overweight” rating on the stock in a research note on Friday, July 8th. The Goldman Sachs Group dropped their price target on shares of Johnson Controls International from $73.00 to $62.00 and set a “buy” rating on the stock in a research note on Thursday, June 23rd. Finally, Mizuho dropped their price target on shares of Johnson Controls International from $68.00 to $65.00 and set a “buy” rating on the stock in a research note on Monday, July 18th. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $67.53.

Johnson Controls International Stock Performance

NYSE:JCI opened at $54.28 on Thursday. Johnson Controls International plc has a 12-month low of $45.52 and a 12-month high of $81.77. The company has a quick ratio of 0.78, a current ratio of 1.00 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $37.76 billion, a PE ratio of 31.20, a price-to-earnings-growth ratio of 1.23 and a beta of 1.18. The firm has a 50-day moving average price of $50.37 and a 200 day moving average price of $58.96.

Johnson Controls International (NYSE:JCIGet Rating) last posted its quarterly earnings results on Wednesday, May 4th. The company reported $0.63 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.63. The firm had revenue of $6.10 billion during the quarter, compared to analyst estimates of $6.16 billion. Johnson Controls International had a net margin of 5.00% and a return on equity of 11.10%. The company’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.52 earnings per share. Research analysts anticipate that Johnson Controls International plc will post 2.97 earnings per share for the current fiscal year.

Johnson Controls International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 15th. Stockholders of record on Tuesday, June 21st were issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 2.58%. The ex-dividend date was Friday, June 17th. Johnson Controls International’s payout ratio is 80.46%.

Johnson Controls International Company Profile

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Johnson Controls International plc, together with its subsidiaries, engages in engineering, manufacturing, commissioning, and retrofitting building products and systems in the United States, Europe, the Asia Pacific, and internationally. It operates in four segments: Building Solutions North America, Building Solutions EMEA/LA, Building Solutions Asia Pacific, and Global Products.

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

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