Johnson Controls International plc $JCI Shares Sold by TKG Advisors LLC

TKG Advisors LLC trimmed its position in shares of Johnson Controls International plc (NYSE:JCI) by 61.1% in the 1st quarter, Holdings Channel.com reports. The firm owned 10,200 shares of the company’s stock after selling 16,021 shares during the period. TKG Advisors LLC’s holdings in Johnson Controls International were worth $1,336,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in JCI. Norges Bank purchased a new position in Johnson Controls International in the fourth quarter valued at $927,739,000. Viking Global Investors LP boosted its stake in shares of Johnson Controls International by 368.5% during the 3rd quarter. Viking Global Investors LP now owns 6,796,942 shares of the company’s stock worth $747,324,000 after acquiring an additional 5,346,130 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in shares of Johnson Controls International by 140.8% during the 2nd quarter. Ameriprise Financial Inc. now owns 4,575,414 shares of the company’s stock worth $483,281,000 after acquiring an additional 2,675,157 shares in the last quarter. Invesco Ltd. grew its position in shares of Johnson Controls International by 13.0% during the 4th quarter. Invesco Ltd. now owns 16,003,486 shares of the company’s stock valued at $1,916,417,000 after acquiring an additional 1,837,220 shares during the period. Finally, Balyasny Asset Management L.P. grew its position in shares of Johnson Controls International by 93,932.4% during the 4th quarter. Balyasny Asset Management L.P. now owns 1,809,184 shares of the company’s stock valued at $216,650,000 after acquiring an additional 1,807,260 shares during the period. 90.05% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently weighed in on JCI. Weiss Ratings restated a “buy (b)” rating on shares of Johnson Controls International in a research note on Tuesday, June 9th. Zacks Research raised Johnson Controls International from a “hold” rating to a “strong-buy” rating in a report on Thursday, June 25th. Jefferies Financial Group boosted their price objective on Johnson Controls International from $125.00 to $135.00 and gave the company a “hold” rating in a research report on Wednesday, April 15th. JPMorgan Chase & Co. upped their target price on Johnson Controls International from $158.00 to $162.00 in a research note on Thursday, May 7th. Finally, Wall Street Zen upgraded Johnson Controls International from a “hold” rating to a “buy” rating in a research report on Sunday, May 3rd. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $152.85.

Johnson Controls International Trading Down 0.7%

Shares of Johnson Controls International stock opened at $145.06 on Thursday. The firm has a market capitalization of $88.51 billion, a PE ratio of 25.95, a P/E/G ratio of 1.57 and a beta of 1.30. Johnson Controls International plc has a twelve month low of $102.09 and a twelve month high of $151.18. The firm’s 50-day moving average price is $141.95 and its 200 day moving average price is $133.47. The company has a current ratio of 1.04, a quick ratio of 0.85 and a debt-to-equity ratio of 0.64.

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 company had revenue of $6.14 billion for the quarter. On average, sell-side analysts predict that Johnson Controls International plc will post 4.9 EPS for the current fiscal year.

Johnson Controls International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Monday, June 15th will be paid a $0.40 dividend. The ex-dividend date of this dividend is 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 currently 28.62%.

Insider Activity at Johnson Controls International

In other Johnson Controls International news, VP Todd M. Grabowski sold 1,800 shares of the firm’s stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $146.20, for a total value of $263,160.00. Following the transaction, the vice president owned 26,215 shares in the company, valued at approximately $3,832,633. This trade represents a 6.43% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Lei Zhang Schlitz sold 88,809 shares of Johnson Controls International stock in a transaction on Friday, May 8th. The stock was sold at an average price of $140.99, for a total transaction of $12,521,180.91. Following the sale, the vice president directly owned 57,059 shares in the company, valued at approximately $8,044,748.41. This trade represents a 60.88% decrease in their position. The SEC filing for this sale provides additional information. 0.29% of the stock is currently owned by insiders.

Johnson Controls International Company Profile

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.