Johnson Controls International plc $JCI Shares Sold by Legal & General Group Plc

Legal & General Group Plc reduced its stake in shares of Johnson Controls International plc (NYSE:JCI) by 11.2% in the 4th quarter, Holdings Channel.com reports. The fund owned 5,278,007 shares of the company’s stock after selling 666,818 shares during the quarter. Legal & General Group Plc’s holdings in Johnson Controls International were worth $632,041,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Maseco LLP grew its holdings in Johnson Controls International by 102.9% during the 4th quarter. Maseco LLP now owns 211 shares of the company’s stock worth $25,000 after acquiring an additional 107 shares in the last quarter. Roxbury Financial LLC grew its holdings in Johnson Controls International by 71.9% during the 4th quarter. Roxbury Financial LLC now owns 239 shares of the company’s stock worth $29,000 after acquiring an additional 100 shares in the last quarter. YANKCOM Partnership acquired a new position in Johnson Controls International during the 4th quarter worth $34,000. Physician Wealth Advisors Inc. grew its holdings in Johnson Controls International by 62.8% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 319 shares of the company’s stock worth $35,000 after acquiring an additional 123 shares in the last quarter. Finally, Dunhill Financial LLC grew its holdings in Johnson Controls International by 123.3% during the 3rd quarter. Dunhill Financial LLC now owns 335 shares of the company’s stock worth $37,000 after acquiring an additional 185 shares in the last quarter. 90.05% of the stock is owned by institutional investors and hedge funds.

Johnson Controls International Trading Up 0.1%

Johnson Controls International stock opened at $138.51 on Tuesday. The company has a quick ratio of 0.85, a current ratio of 1.04 and a debt-to-equity ratio of 0.64. The firm has a 50-day moving average price of $137.81 and a two-hundred day moving average price of $128.55. The firm has a market capitalization of $84.51 billion, a price-to-earnings ratio of 24.78, a PEG ratio of 1.52 and a beta of 1.37. Johnson Controls International plc has a 52-week low of $96.31 and a 52-week high of $147.32.

Johnson Controls International (NYSE:JCI) last posted its earnings results on Tuesday, March 31st. The company reported $1.19 earnings per share (EPS) for the quarter. The firm had revenue of $6.14 billion during the quarter. Johnson Controls International had a net margin of 14.45% and a return on equity of 19.50%. Sell-side analysts expect that Johnson Controls International plc will post 4.87 earnings per share for the current year.

Johnson Controls International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, April 10th. Shareholders of record on Monday, March 16th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend was Monday, March 16th. Johnson Controls International’s payout ratio is presently 28.62%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on JCI shares. Barclays raised their price objective on shares of Johnson Controls International from $136.00 to $144.00 and gave the stock an “equal weight” rating in a report on Thursday, May 7th. Wells Fargo & Company raised their price objective on shares of Johnson Controls International from $145.00 to $160.00 and gave the stock an “overweight” rating in a report on Thursday, May 7th. UBS Group raised their price objective on shares of Johnson Controls International from $160.00 to $170.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. Robert W. Baird raised their price objective on shares of Johnson Controls International from $132.00 to $148.00 and gave the stock a “neutral” rating in a report on Monday, April 27th. Finally, Wall Street Zen raised shares of Johnson Controls International from a “hold” rating to a “buy” rating in a report on Sunday, May 3rd. Eleven equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Johnson Controls International currently has a consensus rating of “Hold” and a consensus target price of $147.63.

Insider Transactions at Johnson Controls International

In other Johnson Controls International news, VP Lei Zhang Schlitz sold 88,809 shares of the business’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $140.99, for a total transaction of $12,521,180.91. Following the completion of the transaction, the vice president directly owned 57,059 shares of the company’s stock, valued at $8,044,748.41. The trade was a 60.88% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.29% of the stock is owned by insiders.

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.