Glen Eagle Advisors LLC Has $198,000 Stock Position in Johnson Controls International plc $JCI

Glen Eagle Advisors LLC reduced its position in shares of Johnson Controls International plc (NYSE:JCI) by 85.7% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,513 shares of the company’s stock after selling 9,055 shares during the period. Glen Eagle Advisors LLC’s holdings in Johnson Controls International were worth $198,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in JCI. Quantinno Capital Management LP grew its stake in Johnson Controls International by 75.2% during the first quarter. Quantinno Capital Management LP now owns 711,364 shares of the company’s stock worth $93,153,000 after buying an additional 305,405 shares during the last quarter. Gateway Wealth Partners LLC acquired a new stake in shares of Johnson Controls International during the first quarter worth approximately $230,000. OMERS ADMINISTRATION Corp bought a new position in shares of Johnson Controls International in the first quarter valued at approximately $2,554,000. Cooper Creek Partners Management LLC bought a new position in shares of Johnson Controls International in the first quarter valued at approximately $18,590,000. Finally, 44 Wealth Management LLC acquired a new position in shares of Johnson Controls International in the 1st quarter worth approximately $206,000. 90.05% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Johnson Controls International

In other news, VP Todd M. Grabowski sold 1,800 shares of the company’s stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $146.20, for a total transaction of $263,160.00. Following the transaction, the vice president owned 26,215 shares of the company’s stock, valued at $3,832,633. This represents a 6.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Lei Zhang Schlitz sold 88,809 shares of the firm’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $140.99, for a total value of $12,521,180.91. Following the completion of the transaction, the vice president owned 57,059 shares in the company, valued at approximately $8,044,748.41. This represents a 60.88% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.29% of the company’s stock.

Johnson Controls International Stock Performance

Shares of Johnson Controls International stock opened at $140.68 on Wednesday. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.04 and a quick ratio of 0.85. The firm has a 50 day simple moving average of $142.07 and a 200 day simple moving average of $136.53. Johnson Controls International plc has a fifty-two week low of $102.09 and a fifty-two week high of $151.18. The firm has a market cap of $85.83 billion, a P/E ratio of 25.17, a P/E/G ratio of 1.54 and a beta of 1.31.

Johnson Controls International (NYSE:JCI) last posted its quarterly earnings data on Tuesday, March 31st. The company reported $1.19 earnings per share (EPS) for the quarter. Johnson Controls International had a return on equity of 19.50% and a net margin of 14.45%.The firm had revenue of $6.14 billion for the quarter. Sell-side analysts predict that Johnson Controls International plc will post 4.9 earnings per share for the current fiscal year.

Johnson Controls International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 10th. Stockholders of record on Monday, June 15th were given a dividend of $0.40 per share. The ex-dividend date was Monday, June 15th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.1%. Johnson Controls International’s payout ratio is presently 28.62%.

Analyst Ratings Changes

JCI has been the subject of a number of recent analyst reports. Wells Fargo & Company raised their price target on Johnson Controls International from $145.00 to $160.00 and gave the company an “overweight” rating in a report on Thursday, May 7th. Robert W. Baird boosted their price objective on Johnson Controls International from $132.00 to $148.00 and gave the stock a “neutral” rating in a research note on Monday, April 27th. Morgan Stanley increased their target price on Johnson Controls International from $140.00 to $175.00 and gave the stock an “overweight” rating in a report on Tuesday, June 9th. HSBC raised their target price on Johnson Controls International from $127.00 to $136.00 in a research note on Thursday, May 7th. Finally, Zacks Research raised Johnson Controls International from a “hold” rating to a “strong-buy” rating in a report on Thursday, June 25th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Johnson Controls International presently has a consensus rating of “Moderate Buy” and an average target price of $152.85.

About Johnson Controls International

Johnson Controls International plc is a global diversified technology and multi‑industrial company that develops products, services and solutions for buildings and energy storage. The company’s core focus is on improving building efficiency, safety and sustainability through a combination of HVAC equipment, building controls and automation, fire and security systems, and related services. Johnson Controls traces its roots to 1885, when inventor Warren S. Johnson developed an electric room thermostat; over its long history the company has expanded from controls into a broad set of building‑related technologies and, through corporate transactions, into a global provider of integrated building solutions.

Johnson Controls’ product and service portfolio includes heating, ventilation and air‑conditioning equipment, chillers, air handlers and related mechanical systems, together with building automation and control platforms that monitor and manage energy use, indoor environmental quality and security.