AGF Management Ltd. Has $29.34 Million Stock Position in Johnson Controls International plc (NYSE:JCI)

AGF Management Ltd. trimmed its holdings in shares of Johnson Controls International plc (NYSE:JCI) by 13.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 441,383 shares of the company’s stock after selling 66,793 shares during the period. AGF Management Ltd. owned approximately 0.07% of Johnson Controls International worth $29,339,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of JCI. Vanguard Group Inc. increased its position in Johnson Controls International by 17.3% in the 4th quarter. Vanguard Group Inc. now owns 71,387,169 shares of the company’s stock worth $4,114,756,000 after purchasing an additional 10,522,009 shares during the last quarter. Capital World Investors increased its position in Johnson Controls International by 85.5% in the 1st quarter. Capital World Investors now owns 14,142,736 shares of the company’s stock worth $923,804,000 after purchasing an additional 6,520,580 shares during the last quarter. Bank of New York Mellon Corp increased its position in Johnson Controls International by 95.9% in the 1st quarter. Bank of New York Mellon Corp now owns 12,760,120 shares of the company’s stock worth $833,491,000 after purchasing an additional 6,247,250 shares during the last quarter. Norges Bank acquired a new position in Johnson Controls International in the 4th quarter worth about $316,400,000. Finally, Clean Energy Transition LLP acquired a new position in Johnson Controls International in the 4th quarter worth about $124,553,000. 90.05% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Johnson Controls International

In other news, COO Nathan D. Manning sold 1,167 shares of Johnson Controls International stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $70.71, for a total transaction of $82,518.57. Following the sale, the chief operating officer now owns 103,866 shares of the company’s stock, valued at approximately $7,344,364.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In the last quarter, insiders have sold 4,245 shares of company stock valued at $295,442. 0.69% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have weighed in on JCI shares. Bank of America raised Johnson Controls International from a “neutral” rating to a “buy” rating and upped their target price for the stock from $76.00 to $80.00 in a research report on Tuesday. Barclays dropped their target price on Johnson Controls International from $62.00 to $61.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 10th. The Goldman Sachs Group increased their price objective on Johnson Controls International from $73.00 to $81.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Robert W. Baird raised their price objective on Johnson Controls International from $72.00 to $78.00 and gave the company a “neutral” rating in a research note on Thursday, August 1st. Finally, Wells Fargo & Company raised their price objective on Johnson Controls International from $75.00 to $80.00 and gave the company an “overweight” rating in a research note on Thursday, August 1st. Eleven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $70.21.

Johnson Controls International Stock Performance

JCI opened at $70.68 on Thursday. The firm has a market capitalization of $47.62 billion, a P/E ratio of 28.62, a price-to-earnings-growth ratio of 1.83 and a beta of 1.29. The stock’s 50 day moving average price is $69.26 and its two-hundred day moving average price is $67.14. The company has a quick ratio of 0.73, a current ratio of 0.96 and a debt-to-equity ratio of 0.46. Johnson Controls International plc has a 12-month low of $47.90 and a 12-month high of $75.36.

Johnson Controls International (NYSE:JCI) last released its earnings results on Wednesday, July 31st. The company reported $1.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.08 by $0.06. Johnson Controls International had a return on equity of 13.64% and a net margin of 6.02%. The firm had revenue of $7.23 billion for the quarter, compared to analyst estimates of $7.53 billion. During the same quarter last year, the firm posted $1.03 EPS. The company’s revenue was up 1.4% on a year-over-year basis. On average, equities analysts forecast that Johnson Controls International plc will post 3.67 earnings per share for the current year.

Johnson Controls International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 18th. Stockholders of record on Wednesday, September 25th will be issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 2.09%. Johnson Controls International’s payout ratio is presently 59.92%.

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.