Johnson Controls International plc (NYSE:JCI) Stock Holdings Cut by OLD National Bancorp IN

OLD National Bancorp IN lessened its position in Johnson Controls International plc (NYSE:JCI) by 11.0% during the third quarter, Holdings Channel reports. The institutional investor owned 5,093 shares of the company’s stock after selling 630 shares during the quarter. OLD National Bancorp IN’s holdings in Johnson Controls International were worth $395,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Park Avenue Securities LLC raised its position in Johnson Controls International by 2.2% in the first quarter. Park Avenue Securities LLC now owns 16,043 shares of the company’s stock worth $1,048,000 after acquiring an additional 343 shares in the last quarter. RFG Advisory LLC bought a new stake in shares of Johnson Controls International in the 1st quarter worth approximately $222,000. First Financial Corp IN acquired a new stake in Johnson Controls International during the first quarter valued at approximately $154,000. Kingswood Wealth Advisors LLC boosted its holdings in Johnson Controls International by 19.7% during the first quarter. Kingswood Wealth Advisors LLC now owns 11,382 shares of the company’s stock worth $743,000 after buying an additional 1,876 shares in the last quarter. Finally, Sunbelt Securities Inc. grew its position in Johnson Controls International by 57.4% in the first quarter. Sunbelt Securities Inc. now owns 3,244 shares of the company’s stock worth $212,000 after buying an additional 1,183 shares during the last quarter. Institutional investors own 90.05% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on JCI. Oppenheimer raised their price objective on Johnson Controls International from $79.00 to $86.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 2nd. Robert W. Baird lifted their price target on Johnson Controls International from $72.00 to $78.00 and gave the stock a “neutral” rating in a research note on Thursday, August 1st. Bank of America upped their price objective on shares of Johnson Controls International from $80.00 to $95.00 and gave the company a “buy” rating in a research note on Friday, September 27th. Barclays lifted their target price on shares of Johnson Controls International from $62.00 to $64.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 2nd. Finally, Morgan Stanley started coverage on shares of Johnson Controls International in a report on Friday, September 6th. They set an “overweight” rating and a $85.00 price target on the stock. Eleven analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $73.43.

Johnson Controls International Price Performance

Shares of NYSE:JCI opened at $76.66 on Wednesday. The firm has a market cap of $51.21 billion, a price-to-earnings ratio of 32.08, a P/E/G ratio of 2.21 and a beta of 1.29. Johnson Controls International plc has a 1 year low of $47.90 and a 1 year high of $78.23. The company has a current ratio of 0.96, a quick ratio of 0.73 and a debt-to-equity ratio of 0.46. The business has a fifty day simple moving average of $73.50 and a 200 day simple moving average of $69.83.

Johnson Controls International (NYSE:JCI) last posted its quarterly earnings results 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 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%. The business’s quarterly revenue was up 1.4% on a year-over-year basis. During the same period last year, the business earned $1.03 EPS. As a group, sell-side analysts predict that Johnson Controls International plc will post 3.68 earnings per share for the current fiscal year.

Johnson Controls International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Wednesday, September 25th were given a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 1.93%. The ex-dividend date of this dividend was Wednesday, September 25th. Johnson Controls International’s dividend payout ratio is 61.92%.

Insider Transactions at Johnson Controls International

In related news, COO Nathan D. Manning sold 1,167 shares of Johnson Controls International stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $70.71, for a total value of $82,518.57. Following the completion of the sale, the chief operating officer now owns 103,866 shares of the company’s stock, valued at approximately $7,344,364.86. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, COO Nathan D. Manning sold 1,167 shares of the firm’s stock in a transaction that occurred 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 directly owns 103,866 shares of the company’s stock, valued at approximately $7,344,364.86. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO George Oliver sold 110,615 shares of the company’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 value of $8,038,392.05. Following the sale, the chief executive officer now directly owns 1,243,751 shares of the company’s stock, valued at $90,383,385.17. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 227,494 shares of company stock worth $16,999,239 in the last 90 days. 0.69% of the stock is owned by 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.