BLB&B Advisors LLC Lowers Stake in Johnson Controls International plc (NYSE:JCI)

BLB&B Advisors LLC trimmed its position in Johnson Controls International plc (NYSE:JCI) by 7.7% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,991 shares of the company’s stock after selling 250 shares during the quarter. BLB&B Advisors LLC’s holdings in Johnson Controls International were worth $232,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Continuum Advisory LLC raised its holdings in Johnson Controls International by 65.2% in the second quarter. Continuum Advisory LLC now owns 527 shares of the company’s stock valued at $35,000 after buying an additional 208 shares during the period. Wolff Wiese Magana LLC raised its stake in shares of Johnson Controls International by 977.3% in the 3rd quarter. Wolff Wiese Magana LLC now owns 474 shares of the company’s stock valued at $37,000 after acquiring an additional 430 shares during the period. Hexagon Capital Partners LLC lifted its holdings in shares of Johnson Controls International by 39.7% during the 2nd quarter. Hexagon Capital Partners LLC now owns 711 shares of the company’s stock valued at $47,000 after acquiring an additional 202 shares in the last quarter. Friedenthal Financial purchased a new stake in Johnson Controls International during the 2nd quarter worth $47,000. Finally, Centerpoint Advisors LLC increased its holdings in Johnson Controls International by 126.8% in the 1st quarter. Centerpoint Advisors LLC now owns 737 shares of the company’s stock valued at $48,000 after purchasing an additional 412 shares in the last quarter. 90.05% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Johnson Controls International

In other Johnson Controls International news, COO Nathan D. Manning sold 1,167 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $72.75, for a total value of $84,899.25. Following the transaction, the chief operating officer now owns 143,488 shares of the company’s stock, valued at $10,438,752. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, CEO George Oliver sold 110,615 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $72.67, for a total transaction of $8,038,392.05. Following the completion of the transaction, the chief executive officer now owns 1,243,751 shares in the company, valued at approximately $90,383,385.17. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 disclosure for this sale can be found here. Insiders sold a total of 227,494 shares of company stock valued at $16,999,239 in the last quarter. Insiders own 0.69% of the company’s stock.

Johnson Controls International Trading Down 0.2 %

Shares of NYSE JCI opened at $76.48 on Thursday. The company has a quick ratio of 0.73, a current ratio of 0.96 and a debt-to-equity ratio of 0.46. The stock’s 50 day moving average price is $73.66 and its two-hundred day moving average price is $69.88. Johnson Controls International plc has a 52-week low of $47.90 and a 52-week high of $78.23. The stock has a market capitalization of $51.52 billion, a P/E ratio of 30.96, a PEG ratio of 2.21 and a beta of 1.29.

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

Johnson Controls International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Wednesday, September 25th were issued a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 1.94%. The ex-dividend date of this dividend was Wednesday, September 25th. Johnson Controls International’s dividend payout ratio (DPR) is presently 59.92%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on JCI shares. Oppenheimer upped their target price on Johnson Controls International from $79.00 to $86.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 2nd. Robert W. Baird lifted their price objective on shares of Johnson Controls International from $72.00 to $78.00 and gave the company a “neutral” rating in a research note on Thursday, August 1st. Barclays upped their target price on shares of Johnson Controls International from $62.00 to $64.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 2nd. Royal Bank of Canada raised shares of Johnson Controls International from an “underperform” rating to a “sector perform” rating and lifted their price target for the stock from $61.00 to $69.00 in a research note on Wednesday, August 14th. Finally, Wells Fargo & Company upped their price objective on shares of Johnson Controls International from $80.00 to $84.00 and gave the company an “overweight” rating in a research report on Monday, October 7th. Eleven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $73.43.

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.