Short Interest in Johnson Controls International PLC (NYSE:JCI) Decreases By 41.4%

Johnson Controls International PLC (NYSE:JCI) saw a significant drop in short interest in the month of June. As of June 30th, there was short interest totalling 22,650,000 shares, a drop of 41.4% from the May 30th total of 38,680,000 shares. Based on an average daily trading volume, of 7,890,000 shares, the days-to-cover ratio is presently 2.9 days. Approximately 2.5% of the company’s stock are short sold.

In other Johnson Controls International news, insider Rodney M. Rushing sold 29,728 shares of Johnson Controls International stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $39.03, for a total value of $1,160,283.84. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO George Oliver sold 11,425 shares of Johnson Controls International stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $39.53, for a total transaction of $451,630.25. Following the completion of the transaction, the chief executive officer now directly owns 865,142 shares in the company, valued at $34,199,063.26. The disclosure for this sale can be found here. Over the last three months, insiders have sold 279,718 shares of company stock worth $11,171,350. 0.50% of the stock is currently owned by corporate insiders.

Several large investors have recently bought and sold shares of JCI. Deprince Race & Zollo Inc. lifted its stake in shares of Johnson Controls International by 1.2% during the fourth quarter. Deprince Race & Zollo Inc. now owns 678,559 shares of the company’s stock worth $20,119,000 after buying an additional 8,330 shares during the period. Comerica Securities Inc. lifted its position in Johnson Controls International by 159.9% during the fourth quarter. Comerica Securities Inc. now owns 14,821 shares of the company’s stock valued at $443,000 after purchasing an additional 9,119 shares during the period. Korea Investment CORP lifted its position in Johnson Controls International by 34.1% during the fourth quarter. Korea Investment CORP now owns 272,160 shares of the company’s stock valued at $8,070,000 after purchasing an additional 69,200 shares during the period. Dimensional Fund Advisors LP lifted its position in Johnson Controls International by 12.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 6,279,025 shares of the company’s stock valued at $186,188,000 after purchasing an additional 678,935 shares during the period. Finally, Brown Advisory Inc. lifted its position in Johnson Controls International by 1.9% during the fourth quarter. Brown Advisory Inc. now owns 140,710 shares of the company’s stock valued at $4,172,000 after purchasing an additional 2,614 shares during the period. Institutional investors and hedge funds own 91.01% of the company’s stock.



Several research firms have issued reports on JCI. JPMorgan Chase & Co. raised shares of M.D.C. from an “underweight” rating to a “neutral” rating in a report on Monday, July 8th. TheStreet lowered shares of Trade Desk from a “b-” rating to a “c-” rating in a report on Thursday, May 9th. Barclays lowered shares of Axel Springer from an “overweight” rating to an “equal weight” rating in a report on Wednesday, June 12th. Citigroup cut their price target on shares of Tremont Mortgage Trust from $9.50 to $5.00 and set a “neutral” rating on the stock in a report on Wednesday, June 5th. Finally, Zacks Investment Research lowered shares of First Merchants from a “hold” rating to a “sell” rating in a report on Monday, July 1st. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the company. Johnson Controls International currently has a consensus rating of “Hold” and an average target price of $38.82.

Shares of NYSE:JCI traded up $0.21 on Friday, hitting $41.54. 6,417,841 shares of the company were exchanged, compared to its average volume of 5,997,609. Johnson Controls International has a 1-year low of $28.30 and a 1-year high of $42.18. The stock has a 50 day moving average price of $40.02. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.95 and a quick ratio of 0.80. The stock has a market cap of $37.31 billion, a price-to-earnings ratio of 14.68, a P/E/G ratio of 2.23 and a beta of 0.95.

Johnson Controls International (NYSE:JCI) last posted its quarterly earnings data on Wednesday, May 1st. The company reported $0.32 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.30 by $0.02. Johnson Controls International had a net margin of 8.52% and a return on equity of 9.85%. The business had revenue of $5.78 billion during the quarter, compared to the consensus estimate of $5.79 billion. During the same period in the previous year, the firm posted $0.54 earnings per share. The business’s revenue for the quarter was up 2.6% compared to the same quarter last year. On average, sell-side analysts forecast that Johnson Controls International will post 1.92 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 12th. Stockholders of record on Monday, June 24th were paid a dividend of $0.26 per share. The ex-dividend date of this dividend was Friday, June 21st. This represents a $1.04 annualized dividend and a dividend yield of 2.50%. Johnson Controls International’s payout ratio is currently 36.75%.

Johnson Controls International Company Profile

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.

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