Johnson Controls International plc (NYSE:JCI) Shares Sold by J.W. Cole Advisors Inc.

J.W. Cole Advisors Inc. reduced its holdings in shares of Johnson Controls International plc (NYSE:JCI) by 6.1% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 3,105 shares of the company’s stock after selling 203 shares during the period. J.W. Cole Advisors Inc.’s holdings in Johnson Controls International were worth $206,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings 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 valued at $4,114,756,000 after purchasing an additional 10,522,009 shares in the last quarter. Capital World Investors grew its stake in shares of Johnson Controls International by 85.5% in the first quarter. Capital World Investors now owns 14,142,736 shares of the company’s stock valued at $923,804,000 after buying an additional 6,520,580 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Johnson Controls International by 95.9% during the 1st quarter. Bank of New York Mellon Corp now owns 12,760,120 shares of the company’s stock valued at $833,491,000 after buying an additional 6,247,250 shares during the period. Clean Energy Transition LLP acquired a new position in Johnson Controls International during the 4th quarter worth approximately $124,553,000. Finally, M&G Plc purchased a new position in Johnson Controls International in the 1st quarter worth approximately $120,948,000. Institutional investors and hedge funds own 90.05% of the company’s stock.

Insider Buying and Selling at Johnson Controls International

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 $90,383,385.17. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO George Oliver sold 110,615 shares of Johnson Controls International stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $72.67, for a total transaction of $8,038,392.05. Following the sale, the chief executive officer now owns 1,243,751 shares of the company’s stock, valued at $90,383,385.17. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, COO Nathan D. Manning sold 1,167 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $72.75, for a total value of $84,899.25. Following the completion of the transaction, the chief operating officer now directly owns 143,488 shares of the company’s stock, valued at $10,438,752. The disclosure for this sale can be found here. Over the last three months, insiders have sold 114,860 shares of company stock worth $8,333,834. 0.69% of the stock is owned by insiders.

Johnson Controls International Trading Up 2.0 %

Johnson Controls International stock opened at $74.23 on Friday. Johnson Controls International plc has a 1 year low of $47.90 and a 1 year high of $75.36. The firm’s 50-day moving average is $69.87 and its 200-day moving average is $67.64. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.73 and a current ratio of 0.96. The company has a market cap of $49.59 billion, a P/E ratio of 30.05, a PEG ratio of 1.91 and a beta of 1.29.

Johnson Controls International (NYSE:JCI) last issued its earnings results on Wednesday, July 31st. The company reported $1.14 EPS for the quarter, beating analysts’ consensus estimates of $1.08 by $0.06. The company 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% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.03 earnings per share. On average, equities analysts expect that Johnson Controls International plc will post 3.67 earnings per share for the current year.

Johnson Controls International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 18th. Investors of record on Wednesday, September 25th will be paid a dividend of $0.37 per share. The ex-dividend date of this dividend is Wednesday, September 25th. This represents a $1.48 dividend on an annualized basis and a yield of 1.99%. Johnson Controls International’s payout ratio is currently 59.92%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on JCI shares. Bank of America upgraded shares of Johnson Controls International from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $76.00 to $80.00 in a research note on Tuesday, September 10th. The Goldman Sachs Group boosted their price objective on shares of Johnson Controls International from $73.00 to $81.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. StockNews.com upgraded Johnson Controls International from a “hold” rating to a “buy” rating in a research note on Friday, August 2nd. Royal Bank of Canada upgraded Johnson Controls International from an “underperform” rating to a “sector perform” rating and boosted their price target for the stock from $61.00 to $69.00 in a research note on Wednesday, August 14th. 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. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $70.21.

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.