Price T Rowe Associates Inc. MD Cuts Position in Johnson Controls International PLC (NYSE:JCI)

Price T Rowe Associates Inc. MD decreased its holdings in Johnson Controls International PLC (NYSE:JCI) by 25.3% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 16,578,497 shares of the company’s stock after selling 5,618,825 shares during the period. Price T Rowe Associates Inc. MD owned approximately 2.08% of Johnson Controls International worth $684,857,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of JCI. Kavar Capital Partners LLC purchased a new position in Johnson Controls International in the second quarter valued at approximately $32,000. Hudock Capital Group LLC raised its stake in shares of Johnson Controls International by 2,231.4% during the second quarter. Hudock Capital Group LLC now owns 816 shares of the company’s stock valued at $33,000 after purchasing an additional 781 shares during the period. Trustcore Financial Services LLC raised its stake in shares of Johnson Controls International by 227.3% during the second quarter. Trustcore Financial Services LLC now owns 946 shares of the company’s stock valued at $39,000 after purchasing an additional 657 shares during the period. CSat Investment Advisory L.P. raised its stake in shares of Johnson Controls International by 354.1% during the second quarter. CSat Investment Advisory L.P. now owns 1,117 shares of the company’s stock valued at $46,000 after purchasing an additional 871 shares during the period. Finally, Brand Asset Management Group Inc. raised its stake in shares of Johnson Controls International by 567.0% during the second quarter. Brand Asset Management Group Inc. now owns 1,194 shares of the company’s stock valued at $49,000 after purchasing an additional 1,015 shares during the period. Hedge funds and other institutional investors own 91.82% of the company’s stock.

A number of research firms have recently issued reports on JCI. Barclays began coverage on shares of Johnson Controls International in a research note on Wednesday, June 12th. They set an “equal weight” rating and a $39.00 price objective on the stock. Citigroup began coverage on shares of Johnson Controls International in a report on Wednesday, June 5th. They set a “buy” rating and a $45.00 price target for the company. ValuEngine downgraded shares of Johnson Controls International from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Zacks Investment Research raised shares of Johnson Controls International from a “hold” rating to a “buy” rating and set a $44.00 price target for the company in a report on Monday, July 1st. Finally, JPMorgan Chase & Co. raised shares of Johnson Controls International from an “underweight” rating to a “neutral” rating and boosted their price target for the company from $31.00 to $35.00 in a report on Monday, July 8th. Six equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $39.22.



In related news, CEO George Oliver sold 11,238 shares of the company’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $41.67, for a total value of $468,287.46. Following the completion of the sale, the chief executive officer now owns 875,511 shares of the company’s stock, valued at $36,482,543.37. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Jeffrey M. Williams sold 70,762 shares of the company’s stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $41.59, for a total transaction of $2,942,991.58. Following the completion of the sale, the vice president now directly owns 234,236 shares of the company’s stock, valued at approximately $9,741,875.24. The disclosure for this sale can be found here. Insiders sold 237,805 shares of company stock valued at $10,135,630 in the last ninety days. Corporate insiders own 0.50% of the company’s stock.

Shares of JCI traded up $0.26 during midday trading on Wednesday, hitting $43.72. 2,448,552 shares of the stock traded hands, compared to its average volume of 4,291,988. Johnson Controls International PLC has a 1-year low of $28.30 and a 1-year high of $44.65. The firm has a market capitalization of $34.65 billion, a PE ratio of 15.45, a price-to-earnings-growth ratio of 2.34 and a beta of 0.93. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.19 and a current ratio of 1.41. The business’s 50 day moving average price is $42.71 and its two-hundred day moving average price is $39.80.

Johnson Controls International (NYSE:JCI) last announced its quarterly earnings results on Wednesday, July 31st. The company reported $0.65 earnings per share (EPS) for the quarter, beating the 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 during the quarter, compared to the consensus estimate of $6.33 billion. During the same quarter in the previous year, the company posted $0.81 earnings per share. The company’s revenue for the quarter was up 2.7% compared to the same quarter last year. As a group, equities research analysts forecast that Johnson Controls International PLC will post 1.95 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 4th. Investors of record on Monday, September 16th will be issued a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 2.38%. The ex-dividend date of this dividend is Friday, September 13th. 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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Institutional Ownership by Quarter for Johnson Controls International (NYSE:JCI)

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