Panagora Asset Management Inc. Sells 282,634 Shares of Johnson Controls International plc (NYSE:JCI)

Panagora Asset Management Inc. lowered its holdings in Johnson Controls International plc (NYSE:JCI) by 97.6% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,806 shares of the company’s stock after selling 282,634 shares during the period. Panagora Asset Management Inc.’s holdings in Johnson Controls International were worth $452,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of JCI. Vanguard Group Inc. boosted its stake in shares of Johnson Controls International by 17.3% in the fourth quarter. Vanguard Group Inc. now owns 71,387,169 shares of the company’s stock valued at $4,114,756,000 after buying an additional 10,522,009 shares during the period. Franklin Resources Inc. lifted its position in shares of Johnson Controls International by 1.9% during the 4th quarter. Franklin Resources Inc. now owns 16,419,338 shares of the company’s stock valued at $946,411,000 after acquiring an additional 305,798 shares during the period. Capital World Investors grew its holdings in shares of Johnson Controls International by 85.5% during the 1st quarter. Capital World Investors now owns 14,142,736 shares of the company’s stock worth $923,804,000 after purchasing an additional 6,520,580 shares in the last quarter. Fisher Asset Management LLC grew its holdings in shares of Johnson Controls International by 4.7% during the 4th quarter. Fisher Asset Management LLC now owns 13,514,262 shares of the company’s stock worth $778,962,000 after purchasing an additional 604,142 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of Johnson Controls International by 95.9% in the first quarter. Bank of New York Mellon Corp now owns 12,760,120 shares of the company’s stock worth $833,491,000 after purchasing an additional 6,247,250 shares during the period. Institutional investors own 90.05% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on JCI shares. Oppenheimer increased their price objective on shares of Johnson Controls International from $70.00 to $76.00 and gave the stock an “outperform” rating in a research note on Thursday, June 27th. The Goldman Sachs Group lifted their price objective on shares of Johnson Controls International from $73.00 to $81.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Wells Fargo & Company upped their target price on Johnson Controls International from $75.00 to $80.00 and gave the stock an “overweight” rating in a research note on Thursday, August 1st. StockNews.com upgraded Johnson Controls International from a “hold” rating to a “buy” rating in a research note on Friday, August 2nd. Finally, Barclays dropped their price objective on Johnson Controls International from $62.00 to $61.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 10th. Eleven equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $68.31.

Johnson Controls International Stock Down 2.9 %

Shares of NYSE JCI opened at $70.77 on Wednesday. Johnson Controls International plc has a 1 year low of $47.90 and a 1 year high of $75.36. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.96 and a quick ratio of 0.73. The firm has a market cap of $47.28 billion, a PE ratio of 28.65, a price-to-earnings-growth ratio of 1.97 and a beta of 1.29. The company has a 50 day simple moving average of $68.88 and a 200 day simple moving average of $66.71.

Johnson Controls International (NYSE:JCI) last released its quarterly earnings results on Wednesday, July 31st. The company reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.08 by $0.06. Johnson Controls International had a net margin of 6.02% and a return on equity of 13.64%. The firm had revenue of $7.23 billion during the quarter, compared to the consensus estimate of $7.53 billion. During the same quarter last year, the firm earned $1.03 earnings per share. The company’s revenue for the quarter was up 1.4% on a year-over-year basis. On average, research analysts forecast that Johnson Controls International plc will post 3.67 EPS for the current year.

Johnson Controls International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, July 19th. Stockholders of record on Monday, June 24th were paid a $0.37 dividend. The ex-dividend date of this dividend was Monday, June 24th. This represents a $1.48 annualized dividend and a dividend yield of 2.09%. Johnson Controls International’s payout ratio is 59.92%.

Insider Transactions at Johnson Controls International

In related news, COO Nathan D. Manning sold 1,167 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $70.71, for a total value of $82,518.57. Following the sale, the chief operating officer now directly owns 103,866 shares in the company, valued at $7,344,364.86. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold 2,892 shares of company stock worth $197,011 over the last ninety days. 0.69% of the stock is owned by insiders.

About Johnson Controls International

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.