Axa S.A. Sells 63,247 Shares of Johnson Controls International plc (NYSE:JCI)

Axa S.A. cut its position in shares of Johnson Controls International plc (NYSE:JCI) by 64.1% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 35,440 shares of the company’s stock after selling 63,247 shares during the period. Axa S.A.’s holdings in Johnson Controls International were worth $2,356,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also made changes to their positions in the company. M&G Plc purchased a new stake in Johnson Controls International in the first quarter worth about $120,948,000. Vanguard Group Inc. lifted its position in shares of 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 period. Cetera Investment Advisers boosted its stake in shares of Johnson Controls International by 470.9% during the first quarter. Cetera Investment Advisers now owns 157,980 shares of the company’s stock valued at $10,319,000 after purchasing an additional 130,308 shares in the last quarter. Gilbert & Cook Inc. increased its holdings in Johnson Controls International by 4.9% during the fourth quarter. Gilbert & Cook Inc. now owns 7,115 shares of the company’s stock valued at $410,000 after buying an additional 334 shares during the period. Finally, First Hawaiian Bank raised its stake in Johnson Controls International by 24.7% in the first quarter. First Hawaiian Bank now owns 68,432 shares of the company’s stock worth $4,470,000 after buying an additional 13,547 shares in the last quarter. 90.05% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Johnson Controls International

In related news, COO Nathan D. Manning sold 1,167 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $72.75, for a total transaction of $84,899.25. Following the completion of the transaction, the chief operating officer now owns 143,488 shares in the company, valued at approximately $10,438,752. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, COO Nathan D. Manning sold 1,167 shares of Johnson Controls International 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 sale, the chief operating officer now directly owns 143,488 shares of the company’s stock, valued at $10,438,752. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 directly owns 1,243,751 shares in the company, valued at approximately $90,383,385.17. The disclosure for this sale can be found here. Insiders have sold a total of 113,879 shares of company stock valued at $8,270,529 over the last ninety days. Corporate insiders own 0.69% of the company’s stock.

Analysts Set New Price Targets

JCI has been the topic of a number of analyst reports. Robert W. Baird lifted their price target on Johnson Controls International from $72.00 to $78.00 and gave the company a “neutral” rating in a 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. Barclays decreased their price target on shares of Johnson Controls International from $62.00 to $61.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 10th. Morgan Stanley began coverage on shares of Johnson Controls International in a research report on Friday, September 6th. They issued an “overweight” rating and a $85.00 price objective on the stock. Finally, The Goldman Sachs Group increased their target price 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. 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 company presently has an average rating of “Hold” and a consensus price target of $71.29.

Johnson Controls International Price Performance

Shares of NYSE JCI opened at $77.61 on Tuesday. 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 has a market capitalization of $51.84 billion, a price-to-earnings ratio of 31.42, a PEG ratio of 2.03 and a beta of 1.29. The firm’s 50 day simple moving average is $70.70 and its 200-day simple moving average is $68.45. Johnson Controls International plc has a 12 month low of $47.90 and a 12 month high of $77.71.

Johnson Controls International (NYSE:JCI) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $1.14 earnings per share for the quarter, topping analysts’ consensus estimates of $1.08 by $0.06. The business had revenue of $7.23 billion during the quarter, compared to the consensus estimate of $7.53 billion. Johnson Controls International had a net margin of 6.02% and a return on equity of 13.64%. The company’s revenue was up 1.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.03 earnings per share. Analysts expect that Johnson Controls International plc will post 3.67 EPS 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. Shareholders of record on Wednesday, September 25th will be given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date is Wednesday, September 25th. Johnson Controls International’s dividend payout ratio is presently 59.92%.

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.