Johnson Controls International plc (NYSE:JCI) Shares Acquired by TIAA Trust National Association

TIAA Trust National Association grew its stake in Johnson Controls International plc (NYSE:JCI) by 3.5% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 10,274 shares of the company’s stock after purchasing an additional 350 shares during the quarter. TIAA Trust National Association’s holdings in Johnson Controls International were worth $671,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Glassy Mountain Advisors Inc. raised its stake in Johnson Controls International by 0.4% during the first quarter. Glassy Mountain Advisors Inc. now owns 50,282 shares of the company’s stock worth $3,284,000 after acquiring an additional 181 shares during the period. BSW Wealth Partners raised its stake in Johnson Controls International by 4.3% during the fourth quarter. BSW Wealth Partners now owns 4,494 shares of the company’s stock worth $259,000 after acquiring an additional 185 shares during the period. HCR Wealth Advisors raised its stake in Johnson Controls International by 1.2% during the fourth quarter. HCR Wealth Advisors now owns 16,225 shares of the company’s stock worth $935,000 after acquiring an additional 185 shares during the period. West Paces Advisors Inc. raised its stake in Johnson Controls International by 34.5% during the fourth quarter. West Paces Advisors Inc. now owns 788 shares of the company’s stock worth $45,000 after acquiring an additional 202 shares during the period. Finally, Global Retirement Partners LLC raised its stake in Johnson Controls International by 9.9% during the fourth quarter. Global Retirement Partners LLC now owns 2,283 shares of the company’s stock worth $132,000 after acquiring an additional 205 shares during the period. Institutional investors and hedge funds own 90.05% of the company’s stock.

Insider Activity

In other news, COO Nathan D. Manning sold 1,167 shares of the firm’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of $66.01, for a total transaction of $77,033.67. Following the transaction, the chief operating officer now owns 104,556 shares in the company, valued at approximately $6,901,741.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, COO Nathan D. Manning sold 1,167 shares of the firm’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of $66.01, for a total value of $77,033.67. Following the transaction, the chief operating officer now directly owns 104,556 shares in the company, valued at approximately $6,901,741.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Daniel C. Mcconeghy sold 9,342 shares of the firm’s stock in a transaction on Friday, May 10th. The shares were sold at an average price of $65.50, for a total transaction of $611,901.00. Following the completion of the transaction, the vice president now owns 25,378 shares in the company, valued at $1,662,259. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 18,067 shares of company stock worth $1,162,299. 0.69% of the stock is owned by corporate insiders.

Johnson Controls International Price Performance

Shares of Johnson Controls International stock traded down $0.59 on Friday, hitting $68.95. The company had a trading volume of 2,441,695 shares, compared to its average volume of 3,734,318. The business has a 50-day simple moving average of $69.49 and a 200-day simple moving average of $63.52. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.87 and a quick ratio of 0.65. The company has a market cap of $46.45 billion, a PE ratio of 27.91, a PEG ratio of 1.80 and a beta of 1.28. Johnson Controls International plc has a 52 week low of $47.90 and a 52 week high of $74.23.

Johnson Controls International (NYSE:JCI) last posted its quarterly earnings data on Wednesday, May 1st. The company reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.03. The business had revenue of $6.70 billion during the quarter, compared to analysts’ expectations of $7.51 billion. Johnson Controls International had a net margin of 6.32% and a return on equity of 13.21%. The business’s revenue was down 6.1% on a year-over-year basis. During the same period last year, the firm posted $0.75 earnings per share. Research analysts expect that Johnson Controls International plc will post 3.59 EPS for the current fiscal year.

Johnson Controls International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, July 19th. Stockholders of record on Monday, June 24th were issued a dividend of $0.37 per share. The ex-dividend date was Monday, June 24th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.15%. Johnson Controls International’s dividend payout ratio is currently 59.92%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. UBS Group lowered shares of Johnson Controls International from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $74.00 to $68.00 in a research note on Monday, May 6th. The Goldman Sachs Group upped their target price on shares of Johnson Controls International from $66.00 to $73.00 and gave the stock a “buy” rating in a research report on Wednesday, July 10th. Barclays decreased their target price on shares of Johnson Controls International from $62.00 to $61.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 10th. Citigroup upped their target price on shares of Johnson Controls International from $59.00 to $68.00 and gave the stock a “neutral” rating in a research report on Monday, April 8th. Finally, Robert W. Baird upped their target price on shares of Johnson Controls International from $62.00 to $72.00 and gave the stock a “neutral” rating in a research report on Monday, July 15th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $65.23.

Johnson Controls International Profile

Johnson Controls International plc, together with its subsidiaries, engages in engineering, manufacturing, commissioning, and retrofitting building products and systems in the United States, Europe, the Asia Pacific, and internationally. It operates in four segments: Building Solutions North America, Building Solutions EMEA/LA, Building Solutions Asia Pacific, and Global Products.