Peregrine Asset Advisers Inc. Sells 5,087 Shares of Johnson Controls International plc $JCI

Peregrine Asset Advisers Inc. trimmed its holdings in shares of Johnson Controls International plc (NYSE:JCI) by 32.4% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 10,626 shares of the company’s stock after selling 5,087 shares during the period. Peregrine Asset Advisers Inc.’s holdings in Johnson Controls International were worth $1,168,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of JCI. Caitong International Asset Management Co. Ltd acquired a new position in shares of Johnson Controls International during the second quarter valued at about $28,000. MTM Investment Management LLC bought a new stake in Johnson Controls International in the 2nd quarter valued at about $32,000. Physician Wealth Advisors Inc. raised its stake in Johnson Controls International by 62.8% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 319 shares of the company’s stock worth $35,000 after buying an additional 123 shares during the period. Elevation Point Wealth Partners LLC bought a new position in Johnson Controls International in the second quarter worth approximately $34,000. Finally, Hilltop National Bank acquired a new stake in Johnson Controls International in the second quarter valued at approximately $35,000. Institutional investors and hedge funds own 90.05% of the company’s stock.

Johnson Controls International Stock Performance

JCI stock opened at $124.03 on Wednesday. The company has a quick ratio of 0.76, a current ratio of 0.93 and a debt-to-equity ratio of 0.66. The firm has a market cap of $75.92 billion, a PE ratio of 24.37, a P/E/G ratio of 1.48 and a beta of 1.43. The business has a 50 day moving average of $116.84 and a 200-day moving average of $112.17. Johnson Controls International plc has a 12-month low of $68.03 and a 12-month high of $124.81.

Johnson Controls International (NYSE:JCI) last issued its quarterly earnings results on Wednesday, November 5th. The company reported $1.26 EPS for the quarter, topping analysts’ consensus estimates of $1.20 by $0.06. The business had revenue of $6.44 billion for the quarter, compared to analyst estimates of $6.31 billion. Johnson Controls International had a return on equity of 15.35% and a net margin of 13.95%.Johnson Controls International’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same period last year, the company posted $1.28 earnings per share. As a group, sell-side analysts expect that Johnson Controls International plc will post 3.64 earnings per share for the current year.

Johnson Controls International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 16th. Investors of record on Monday, December 22nd were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend was Monday, December 22nd. Johnson Controls International’s payout ratio is 31.43%.

Insiders Place Their Bets

In related news, VP Lei Zhang Schlitz sold 32,031 shares of the firm’s stock in a transaction dated Friday, November 21st. The shares were sold at an average price of $113.20, for a total transaction of $3,625,909.20. Following the completion of the sale, the vice president owned 66,780 shares in the company, valued at approximately $7,559,496. This trade represents a 32.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.29% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on JCI shares. Robert W. Baird cut their target price on Johnson Controls International from $126.00 to $124.00 and set a “neutral” rating on the stock in a report on Monday, January 26th. Morgan Stanley upped their price objective on shares of Johnson Controls International from $125.00 to $130.00 and gave the stock an “overweight” rating in a report on Tuesday, January 13th. JPMorgan Chase & Co. raised their price objective on shares of Johnson Controls International from $105.00 to $125.00 and gave the company an “overweight” rating in a research note on Wednesday, October 15th. Barclays boosted their target price on shares of Johnson Controls International from $119.00 to $125.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 7th. Finally, Mizuho upped their target price on shares of Johnson Controls International from $105.00 to $120.00 and gave the stock a “neutral” rating in a report on Thursday, November 6th. Eleven research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $126.61.

About Johnson Controls International

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.