Mutual of America Capital Management LLC Reduces Holdings in Johnson Controls International plc (NYSE:JCI)

Mutual of America Capital Management LLC reduced its position in shares of Johnson Controls International plc (NYSE:JCI) by 4.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 84,993 shares of the company’s stock after selling 4,387 shares during the period. Mutual of America Capital Management LLC’s holdings in Johnson Controls International were worth $5,649,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Rise Advisors LLC acquired a new position in Johnson Controls International in the 1st quarter worth $25,000. Continuum Advisory LLC lifted its stake in shares of Johnson Controls International by 65.2% in the second quarter. Continuum Advisory LLC now owns 527 shares of the company’s stock worth $35,000 after acquiring an additional 208 shares in the last quarter. Hexagon Capital Partners LLC boosted its holdings in Johnson Controls International by 39.7% in the second quarter. Hexagon Capital Partners LLC now owns 711 shares of the company’s stock valued at $47,000 after purchasing an additional 202 shares during the last quarter. Friedenthal Financial purchased a new position in Johnson Controls International in the second quarter valued at about $47,000. Finally, Centerpoint Advisors LLC grew its stake in Johnson Controls International by 126.8% during 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 currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on JCI. Wells Fargo & Company upped their target price 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. Bank of America upgraded shares of Johnson Controls International from a “neutral” rating to a “buy” rating and increased their price objective for the company from $76.00 to $80.00 in a research note on Tuesday, September 10th. StockNews.com raised shares of Johnson Controls International from a “hold” rating to a “buy” rating in a research report on Friday, August 2nd. Oppenheimer upped their target price on shares of Johnson Controls International from $70.00 to $76.00 and gave the company an “outperform” rating in a research note on Thursday, June 27th. Finally, The Goldman Sachs Group lifted their price target on Johnson Controls International from $73.00 to $81.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Eleven analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $70.21.

Johnson Controls International Trading Down 0.2 %

NYSE:JCI opened at $74.10 on Friday. The firm has a market capitalization of $49.50 billion, a P/E ratio of 30.00, a P/E/G ratio of 1.91 and a beta of 1.29. The business has a 50 day simple moving average of $69.95 and a 200 day simple moving average of $67.74. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.96 and a quick ratio of 0.73. 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 posted 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. The company had revenue of $7.23 billion for the quarter, compared to analysts’ expectations of $7.53 billion. Johnson Controls International had a return on equity of 13.64% and a net margin of 6.02%. The firm’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same period last year, the business posted $1.03 earnings per share. Equities research analysts predict that Johnson Controls International plc will post 3.67 EPS for the current year.

Johnson Controls International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 18th. Shareholders of record on Wednesday, September 25th will be given a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 2.00%. The ex-dividend date is Wednesday, September 25th. Johnson Controls International’s dividend payout ratio (DPR) is 59.92%.

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 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 completion of the transaction, the chief executive officer now directly owns 1,243,751 shares in the company, valued at $90,383,385.17. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other Johnson Controls International news, CEO George Oliver sold 110,615 shares of Johnson Controls International stock in a transaction 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 approximately $90,383,385.17. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Nathan D. Manning sold 1,167 shares of the business’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $66.01, for a total value of $77,033.67. Following the transaction, the chief operating officer now owns 104,556 shares of the company’s stock, valued at approximately $6,901,741.56. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 115,046 shares of company stock worth $8,347,562. 0.69% of the stock is owned by company insiders.

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.