Culbertson A N & Co. Inc. reduced its position in Johnson Controls International PLC (NYSE:JCI) by 3.4% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 43,368 shares of the company’s stock after selling 1,531 shares during the period. Culbertson A N & Co. Inc.’s holdings in Johnson Controls International were worth $1,792,000 as of its most recent filing with the SEC.
Other large investors have also recently modified their holdings of the company. Teacher Retirement System of Texas lifted its stake in Johnson Controls International by 68.4% in the 1st quarter. Teacher Retirement System of Texas now owns 1,011,447 shares of the company’s stock valued at $37,363,000 after purchasing an additional 410,863 shares during the last quarter. Trillium Asset Management LLC raised its holdings in Johnson Controls International by 6.6% in the 1st quarter. Trillium Asset Management LLC now owns 159,591 shares of the company’s stock valued at $5,895,000 after acquiring an additional 9,863 shares during the period. MML Investors Services LLC raised its holdings in Johnson Controls International by 11.6% in the 1st quarter. MML Investors Services LLC now owns 22,717 shares of the company’s stock valued at $839,000 after acquiring an additional 2,357 shares during the period. Clearbridge Investments LLC raised its holdings in Johnson Controls International by 3.1% in the 1st quarter. Clearbridge Investments LLC now owns 20,573,292 shares of the company’s stock valued at $759,977,000 after acquiring an additional 624,079 shares during the period. Finally, Sciencast Management LP raised its holdings in Johnson Controls International by 24.1% in the 1st quarter. Sciencast Management LP now owns 44,164 shares of the company’s stock valued at $1,589,000 after acquiring an additional 8,564 shares during the period. Institutional investors and hedge funds own 90.81% of the company’s stock.
JCI has been the topic of several research analyst reports. Barclays initiated coverage on shares of Johnson Controls International in a report on Wednesday, June 12th. They issued an “equal weight” rating and a $39.00 price target on the stock. Credit Suisse Group initiated coverage on shares of Johnson Controls International in a report on Monday, May 13th. They issued a “neutral” rating and a $42.00 price target on the stock. ValuEngine cut shares of Johnson Controls International from a “buy” rating to a “hold” rating in a report on Thursday. JPMorgan Chase & Co. raised shares of Johnson Controls International from an “underweight” rating to a “neutral” rating and increased their price target for the company from $31.00 to $35.00 in a report on Monday, July 8th. Finally, Zacks Investment Research raised shares of Johnson Controls International from a “hold” rating to a “buy” rating and set a $44.00 price target on the stock in a report on Monday, July 1st. Seven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $39.30.
Shares of JCI traded down $0.08 during mid-day trading on Friday, hitting $41.93. 4,376,104 shares of the company’s stock were exchanged, compared to its average volume of 4,176,377. Johnson Controls International PLC has a 52 week low of $28.30 and a 52 week high of $42.85. The stock has a 50-day moving average of $41.07. The stock has a market capitalization of $37.73 billion, a price-to-earnings ratio of 14.82, a price-to-earnings-growth ratio of 2.25 and a beta of 0.94. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.80 and a current ratio of 1.41.
Johnson Controls International (NYSE:JCI) last announced its earnings results on Wednesday, July 31st. The company reported $0.65 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.63 by $0.02. Johnson Controls International had a net margin of 22.38% and a return on equity of 9.02%. The company had revenue of $6.45 billion for the quarter, compared to analysts’ expectations of $6.33 billion. During the same period last year, the firm earned $0.81 earnings per share. The business’s revenue for the quarter was up 2.7% on a year-over-year basis. Sell-side analysts forecast that Johnson Controls International PLC will post 1.94 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, July 12th. Stockholders of record on Monday, June 24th were issued a dividend of $0.26 per share. The ex-dividend date was Friday, June 21st. This represents a $1.04 annualized dividend and a dividend yield of 2.48%. Johnson Controls International’s dividend payout ratio is presently 36.75%.
In related news, CEO George Oliver sold 11,481 shares of Johnson Controls International stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $38.90, for a total value of $446,610.90. Following the transaction, the chief executive officer now directly owns 870,354 shares of the company’s stock, valued at $33,856,770.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Brian J. Stief sold 126,158 shares of Johnson Controls International stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $39.09, for a total transaction of $4,931,516.22. Following the completion of the transaction, the vice president now directly owns 154,860 shares in the company, valued at $6,053,477.40. The disclosure for this sale can be found here. Insiders have sold 247,895 shares of company stock worth $9,964,737 over the last ninety days. Insiders own 0.50% of the company’s stock.
About Johnson Controls International
Johnson Controls International plc operates as a diversified technology and multi industrial company worldwide. The company operates through Building Technologies & Solutions and Power Solutions segments. The company designs, sells, installs, and services heating, ventilating, and air conditioning systems, controls systems, integrated electronic security systems, and integrated fire detection and suppression systems for commercial, industrial, retail, small business, institutional, and governmental customers; and energy efficiency solutions and technical services, including inspection, scheduled maintenance, and repair and replacement of mechanical and control systems, to non-residential building and industrial applications.
Read More: What is a Derivative?
Receive News & Ratings for Johnson Controls International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Johnson Controls International and related companies with MarketBeat.com's FREE daily email newsletter.