NewEdge Advisors LLC Has $19.52 Million Stake in Johnson Controls International plc $JCI

NewEdge Advisors LLC reduced its stake in Johnson Controls International plc (NYSE:JCI) by 11.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 133,595 shares of the company’s stock after selling 16,600 shares during the quarter. NewEdge Advisors LLC’s holdings in Johnson Controls International were worth $19,520,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in JCI. California State Teachers Retirement System raised its stake in shares of Johnson Controls International by 13,757.3% in the 2nd quarter. California State Teachers Retirement System now owns 135,035,593 shares of the company’s stock valued at $19,730,050,000 after purchasing an additional 134,061,119 shares during the period. State Street Corp boosted its position in shares of Johnson Controls International by 0.6% during the third quarter. State Street Corp now owns 28,684,645 shares of the company’s stock worth $3,165,286,000 after buying an additional 163,167 shares during the period. Franklin Resources Inc. boosted its position in shares of Johnson Controls International by 3.3% during the fourth quarter. Franklin Resources Inc. now owns 22,655,105 shares of the company’s stock worth $2,712,949,000 after buying an additional 718,245 shares during the period. Fisher Asset Management LLC grew its holdings in shares of Johnson Controls International by 1.7% during the fourth quarter. Fisher Asset Management LLC now owns 17,239,953 shares of the company’s stock worth $2,064,485,000 after buying an additional 280,704 shares in the last quarter. Finally, Invesco Ltd. grew its holdings in shares of Johnson Controls International by 13.0% during the fourth quarter. Invesco Ltd. now owns 16,003,486 shares of the company’s stock worth $1,916,417,000 after buying an additional 1,837,220 shares in the last quarter. 90.05% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, VP Lei Schlitz sold 23,417 shares of the firm’s stock in a transaction dated Tuesday, August 4th. The shares were 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 in the company, valued at approximately $2,298,652.19. This trade represents a 60.93% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.29% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on JCI shares. Royal Bank Of Canada boosted their target price on Johnson Controls International from $154.00 to $161.00 and gave the company a “sector perform” rating in a research note on Thursday, July 30th. Oppenheimer reiterated a “market perform” rating on shares of Johnson Controls International in a report on Tuesday, June 2nd. Morgan Stanley boosted their price objective on shares of Johnson Controls International from $175.00 to $180.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 2nd. Zacks Research downgraded shares of Johnson Controls International from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 6th. Finally, Sanford C. Bernstein lifted their price target on shares of Johnson Controls International from $173.00 to $190.00 and gave the company an “outperform” rating in a research note on Friday, August 14th. Twelve research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $155.75.

Johnson Controls International Trading Down 1.4%

NYSE JCI opened at $142.95 on Friday. Johnson Controls International plc has a 12 month low of $104.49 and a 12 month high of $157.06. The company has a current ratio of 1.00, a quick ratio of 0.83 and a debt-to-equity ratio of 0.61. The stock has a 50 day moving average of $144.81 and a 200-day moving average of $141.38. The company has a market cap of $86.59 billion, a PE ratio of 24.86, a PEG ratio of 1.39 and a beta of 1.29.

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

Johnson Controls International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 16th. Stockholders of record on Monday, September 21st will be paid a dividend of $0.40 per share. The ex-dividend date is Monday, September 21st. This represents a $1.60 annualized dividend and a dividend yield of 1.1%. Johnson Controls International’s payout ratio is currently 27.83%.

Johnson Controls International Profile

Johnson Controls International plc (NYSE:JCI) is a global company focused on building technologies and solutions that improve the efficiency, safety and sustainability of buildings. Its offerings include heating, ventilation and air-conditioning systems, building automation and controls, fire detection and suppression equipment, security systems, and related digital technologies and services.

The company serves commercial, institutional, industrial and residential customers, helping organizations manage building operations, energy use, indoor air quality and physical security.