Blue Trust Inc. Sells 264 Shares of Johnson Controls International plc (NYSE:JCI)

Blue Trust Inc. lowered its stake in shares of Johnson Controls International plc (NYSE:JCI) by 2.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,875 shares of the company’s stock after selling 264 shares during the quarter. Blue Trust Inc.’s holdings in Johnson Controls International were worth $689,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Park Avenue Securities LLC grew its holdings in shares of Johnson Controls International by 2.2% during the 1st quarter. Park Avenue Securities LLC now owns 16,043 shares of the company’s stock worth $1,048,000 after purchasing an additional 343 shares in the last quarter. RFG Advisory LLC acquired a new stake in Johnson Controls International during the first quarter worth about $222,000. Ballentine Partners LLC increased its holdings in Johnson Controls International by 43.9% in the 1st quarter. Ballentine Partners LLC now owns 10,550 shares of the company’s stock valued at $689,000 after buying an additional 3,219 shares during the period. Riverview Trust Co acquired a new position in shares of Johnson Controls International in the 1st quarter valued at approximately $99,000. Finally, First Financial Corp IN bought a new stake in shares of Johnson Controls International during the 1st quarter worth approximately $154,000. Institutional investors own 90.05% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. The Goldman Sachs Group lifted their price objective on shares of Johnson Controls International from $73.00 to $81.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Morgan Stanley initiated coverage on Johnson Controls International in a research note on Friday, September 6th. They issued an “overweight” rating and a $85.00 price target on the stock. Royal Bank of Canada upgraded Johnson Controls International from an “underperform” rating to a “sector perform” rating and upped their price objective for the stock from $61.00 to $69.00 in a research report on Wednesday, August 14th. Bank of America raised their price objective on Johnson Controls International from $80.00 to $95.00 and gave the company a “buy” rating in a research note on Friday, September 27th. Finally, Mizuho boosted their target price on Johnson Controls International from $62.00 to $75.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. Eleven analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $73.43.

Johnson Controls International Trading Down 0.4 %

Shares of NYSE JCI opened at $77.16 on Tuesday. The firm has a 50 day moving average price of $73.33 and a two-hundred day moving average price of $69.75. The stock has a market cap of $51.54 billion, a P/E ratio of 32.28, a price-to-earnings-growth ratio of 2.21 and a beta of 1.29. Johnson Controls International plc has a 52-week low of $47.90 and a 52-week high of $78.23. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.73 and a current ratio of 0.96.

Johnson Controls International (NYSE:JCI) last posted its quarterly earnings data on Wednesday, July 31st. The company reported $1.14 earnings per share for the quarter, beating analysts’ consensus estimates of $1.08 by $0.06. The business had revenue of $7.23 billion during the quarter, compared to the consensus estimate of $7.53 billion. Johnson Controls International had a return on equity of 13.64% and a net margin of 6.02%. Johnson Controls International’s quarterly revenue was up 1.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.03 earnings per share. As a group, equities analysts forecast that Johnson Controls International plc will post 3.68 EPS for the current year.

Johnson Controls International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Wednesday, September 25th were issued a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 1.92%. The ex-dividend date of this dividend was Wednesday, September 25th. Johnson Controls International’s payout ratio is presently 61.92%.

Insider Buying and Selling at Johnson Controls International

In other news, CEO George Oliver sold 110,615 shares of the business’s stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $76.79, for a total value of $8,494,125.85. Following the transaction, the chief executive officer now owns 1,243,751 shares in the company, valued at approximately $95,507,639.29. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Johnson Controls International news, COO Nathan D. Manning sold 1,167 shares of the stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $72.75, for a total transaction of $84,899.25. Following the completion of the sale, the chief operating officer now directly owns 143,488 shares in the company, valued at approximately $10,438,752. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO George Oliver sold 110,615 shares of the business’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $76.79, for a total value of $8,494,125.85. Following the completion of the transaction, the chief executive officer now directly owns 1,243,751 shares in the company, valued at $95,507,639.29. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 227,494 shares of company stock valued at $16,999,239. 0.69% of the stock is currently owned by company insiders.

Johnson Controls International Company 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.