FDx Advisors Inc. Sells 3,564 Shares of Johnson Controls International plc (NYSE:JCI)

FDx Advisors Inc. lowered its holdings in shares of Johnson Controls International plc (NYSE:JCI) by 43.5% during the second quarter, Holdings Channel reports. The firm owned 4,636 shares of the company’s stock after selling 3,564 shares during the period. FDx Advisors Inc.’s holdings in Johnson Controls International were worth $308,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Rise Advisors LLC bought a new position in Johnson Controls International during the first quarter valued at about $25,000. Continuum Advisory LLC raised its stake in shares of Johnson Controls International by 65.2% in the 2nd quarter. Continuum Advisory LLC now owns 527 shares of the company’s stock valued at $35,000 after acquiring an additional 208 shares in the last quarter. Friedenthal Financial bought a new position in shares of Johnson Controls International in the 2nd quarter valued at approximately $47,000. Hexagon Capital Partners LLC lifted its holdings in Johnson Controls International by 39.7% in the 2nd quarter. Hexagon Capital Partners LLC now owns 711 shares of the company’s stock worth $47,000 after purchasing an additional 202 shares during the last quarter. Finally, Family Firm Inc. bought a new stake in Johnson Controls International during the second quarter worth approximately $48,000. Institutional investors and hedge funds own 90.05% of the company’s stock.

Insider Activity at Johnson Controls International

In other Johnson Controls International news, COO Nathan D. Manning sold 1,167 shares of the business’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $70.71, for a total value of $82,518.57. Following the transaction, the chief operating officer now owns 103,866 shares of the company’s stock, valued at $7,344,364.86. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders sold 4,245 shares of company stock valued at $295,442 in the last three months. Corporate insiders own 0.69% of the company’s stock.

Johnson Controls International Price Performance

Shares of JCI stock opened at $69.36 on Friday. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.96 and a quick ratio of 0.73. The stock’s fifty day simple moving average is $69.01 and its 200 day simple moving average is $66.75. Johnson Controls International plc has a one year low of $47.90 and a one year high of $75.36. The firm has a market cap of $46.33 billion, a price-to-earnings ratio of 28.08, a P/E/G ratio of 1.97 and a beta of 1.29.

Johnson Controls International (NYSE:JCI) last posted its earnings results on Wednesday, July 31st. The company reported $1.14 earnings per share for the quarter, topping the consensus estimate of $1.08 by $0.06. Johnson Controls International had a net margin of 6.02% and a return on equity of 13.64%. The business had revenue of $7.23 billion for the quarter, compared to analyst estimates of $7.53 billion. During the same quarter in the prior year, the firm earned $1.03 EPS. The firm’s quarterly revenue was up 1.4% compared to the same quarter last year. On average, analysts expect that Johnson Controls International plc will post 3.67 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, July 19th. Investors of record on Monday, June 24th were given a dividend of $0.37 per share. The ex-dividend date of this dividend was Monday, June 24th. This represents a $1.48 dividend on an annualized basis and a yield of 2.13%. Johnson Controls International’s dividend payout ratio (DPR) is presently 59.92%.

Analyst Ratings Changes

A number of research firms have recently commented on JCI. The Goldman Sachs Group lifted their price target on shares of Johnson Controls International from $73.00 to $81.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Robert W. Baird boosted their target price on shares of Johnson Controls International from $72.00 to $78.00 and gave the stock a “neutral” rating in a research report on Thursday, August 1st. Wells Fargo & Company raised their price target on Johnson Controls International from $75.00 to $80.00 and gave the company an “overweight” rating in a research report on Thursday, August 1st. StockNews.com upgraded Johnson Controls International from a “hold” rating to a “buy” rating in a research note on Friday, August 2nd. Finally, Royal Bank of Canada upgraded Johnson Controls International from an “underperform” rating to a “sector perform” rating and increased their target price for the company from $61.00 to $69.00 in a research note on Wednesday, August 14th. Eleven analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $68.31.

About Johnson Controls International

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.