Bollard Group LLC Sells 4,746 Shares of Johnson Controls International plc $JCI

Bollard Group LLC cut its stake in Johnson Controls International plc (NYSE:JCI) by 45.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,715 shares of the company’s stock after selling 4,746 shares during the period. Bollard Group LLC’s holdings in Johnson Controls International were worth $748,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in JCI. Brighton Jones LLC bought a new stake in shares of Johnson Controls International in the fourth quarter valued at $222,000. Acadian Asset Management LLC bought a new position in shares of Johnson Controls International during the first quarter valued at about $55,000. Sivia Capital Partners LLC increased its stake in shares of Johnson Controls International by 83.3% during the second quarter. Sivia Capital Partners LLC now owns 7,049 shares of the company’s stock valued at $745,000 after buying an additional 3,203 shares during the period. Jump Financial LLC raised its stake in Johnson Controls International by 3.5% in the second quarter. Jump Financial LLC now owns 12,578 shares of the company’s stock worth $1,328,000 after buying an additional 425 shares in the last quarter. Finally, Federated Hermes Inc. lifted its position in Johnson Controls International by 120.7% during the second quarter. Federated Hermes Inc. now owns 12,359 shares of the company’s stock valued at $1,305,000 after buying an additional 6,760 shares during the period. 90.05% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

JCI has been the topic of several research analyst reports. The Goldman Sachs Group increased their price target on Johnson Controls International from $169.00 to $178.00 and gave the company a “buy” rating in a report on Tuesday, June 2nd. Barclays boosted their target price on shares of Johnson Controls International from $136.00 to $144.00 and gave the company an “equal weight” rating in a research note on Thursday, May 7th. Mizuho boosted their price objective on shares of Johnson Controls International from $130.00 to $140.00 and gave the company a “neutral” rating in a research report on Thursday, May 7th. Evercore initiated coverage on Johnson Controls International in a research report on Monday, April 13th. They set a “hold” rating and a $155.00 price target on the stock. Finally, HSBC increased their target price on shares of Johnson Controls International from $127.00 to $136.00 in a report on Thursday, May 7th. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Johnson Controls International presently has a consensus rating of “Moderate Buy” and a consensus price target of $152.85.

Johnson Controls International Stock Performance

Shares of Johnson Controls International stock opened at $143.35 on Friday. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.04 and a quick ratio of 0.85. The stock has a market capitalization of $87.46 billion, a price-to-earnings ratio of 25.64, a price-to-earnings-growth ratio of 1.54 and a beta of 1.31. The business has a 50-day moving average of $141.84 and a 200 day moving average of $136.02. Johnson Controls International plc has a 12 month low of $102.09 and a 12 month high of $151.18.

Johnson Controls International (NYSE:JCI) last posted its quarterly earnings results on Tuesday, March 31st. The company reported $1.19 earnings per share (EPS) for the quarter. The company had revenue of $6.14 billion for the quarter. Johnson Controls International had a return on equity of 19.50% and a net margin of 14.45%. As a group, sell-side analysts forecast that Johnson Controls International plc will post 4.9 earnings per share for the current year.

Johnson Controls International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 10th. Stockholders of record on Monday, June 15th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Monday, June 15th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.1%. Johnson Controls International’s dividend payout ratio is 28.62%.

Insider Transactions at Johnson Controls International

In related news, VP Lei Zhang Schlitz sold 88,809 shares of the business’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $140.99, for a total transaction of $12,521,180.91. Following the sale, the vice president owned 57,059 shares of the company’s stock, valued at approximately $8,044,748.41. The trade was a 60.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Todd M. Grabowski sold 1,800 shares of the company’s stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $146.20, for a total transaction of $263,160.00. Following the transaction, the vice president owned 26,215 shares in the company, valued at $3,832,633. The trade was a 6.43% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.29% of the company’s stock.

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.