Roffman Miller Associates Inc. PA Decreases Holdings in Johnson Controls International plc $JCI

Roffman Miller Associates Inc. PA decreased its stake in Johnson Controls International plc (NYSE:JCI) by 5.7% during the 2nd quarter, Holdings Channel reports. The firm owned 112,677 shares of the company’s stock after selling 6,846 shares during the quarter. Roffman Miller Associates Inc. PA’s holdings in Johnson Controls International were worth $16,463,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Mcguire Capital Advisors Inc. acquired a new stake in Johnson Controls International in the 4th quarter worth about $27,000. Twin Tree Management LP raised its holdings in shares of Johnson Controls International by 140.9% during the fourth quarter. Twin Tree Management LP now owns 260 shares of the company’s stock valued at $31,000 after acquiring an additional 895 shares during the last quarter. Fourth Dimension Wealth LLC raised its holdings in shares of Johnson Controls International by 51.3% during the second quarter. Fourth Dimension Wealth LLC now owns 230 shares of the company’s stock valued at $34,000 after acquiring an additional 78 shares during the last quarter. First Bancorp Inc ME purchased a new position in shares of Johnson Controls International in the second quarter valued at approximately $34,000. Finally, SJS Investment Consulting Inc. lifted its position in shares of Johnson Controls International by 747.1% in the first quarter. SJS Investment Consulting Inc. now owns 288 shares of the company’s stock valued at $38,000 after acquiring an additional 254 shares in the last quarter. Institutional investors and hedge funds own 90.05% of the company’s stock.

Johnson Controls International Trading Down 2.0%

Shares of Johnson Controls International stock opened at $139.33 on Friday. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.00 and a quick ratio of 0.83. The stock’s 50 day simple moving average is $144.93 and its 200-day simple moving average is $141.23. The stock has a market cap of $84.40 billion, a P/E ratio of 24.23, a P/E/G ratio of 1.37 and a beta of 1.31. Johnson Controls International plc has a 1-year low of $103.82 and a 1-year high of $157.06.

Johnson Controls International (NYSE:JCI) last posted its quarterly earnings results on Thursday, July 30th. The company reported $1.42 EPS for the quarter, beating the consensus estimate of $1.30 by $0.12. Johnson Controls International had a return on equity of 22.11% and a net margin of 14.32%.The firm had revenue of $6.61 billion during the quarter, compared to analysts’ expectations of $6.46 billion. During the same quarter last year, the firm earned $1.05 earnings per share. The business’s revenue for the quarter was up 9.3% on a year-over-year basis. Analysts predict that Johnson Controls International plc will post 5.08 EPS for the current fiscal year.

Johnson Controls International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, July 10th. Shareholders of record on Monday, June 15th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.1%. The ex-dividend date was Monday, June 15th. Johnson Controls International’s dividend payout ratio is presently 27.83%.

Wall Street Analyst Weigh In

Several analysts recently commented on JCI shares. Oppenheimer reiterated a “market perform” rating on shares of Johnson Controls International in a research report on Tuesday, June 2nd. Citigroup raised their price objective on Johnson Controls International from $155.00 to $157.00 and gave the company a “neutral” rating in a report on Thursday, July 30th. Barclays lifted their target price on shares of Johnson Controls International from $136.00 to $144.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 7th. Mizuho upped their target price on shares of Johnson Controls International from $130.00 to $140.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. Finally, Morgan Stanley increased their target price on shares of Johnson Controls International from $140.00 to $175.00 and gave the company an “overweight” rating in a research report on Tuesday, June 9th. Twelve research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $155.50.

Insiders Place Their Bets

In other Johnson Controls International news, VP Lei Zhang Schlitz sold 23,417 shares of the firm’s stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $153.07, for a total value of $3,584,440.19. Following the completion of the sale, the vice president directly owned 15,017 shares of the company’s stock, valued at $2,298,652.19. This trade represents a 60.93% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Todd M. Grabowski sold 1,800 shares of Johnson Controls International 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 represents a 6.43% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.29% of the stock is owned by company 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.