Cascadia Advisory Services LLC Cuts Position in Johnson Controls International plc (NYSE:JCI)

Cascadia Advisory Services LLC cut its stake in Johnson Controls International plc (NYSE:JCI) by 18.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 15,556 shares of the company’s stock after selling 3,518 shares during the quarter. Cascadia Advisory Services LLC’s holdings in Johnson Controls International were worth $1,068,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the company. Edmond DE Rothschild Holding S.A. increased its holdings in shares of Johnson Controls International by 8.6% in the 2nd quarter. Edmond DE Rothschild Holding S.A. now owns 483,981 shares of the company’s stock valued at $33,215,000 after acquiring an additional 38,126 shares during the period. Mackenzie Financial Corp increased its holdings in shares of Johnson Controls International by 7.9% in the 2nd quarter. Mackenzie Financial Corp now owns 403,665 shares of the company’s stock valued at $27,704,000 after acquiring an additional 29,583 shares during the period. Equitable Holdings Inc. increased its holdings in shares of Johnson Controls International by 8.4% in the 2nd quarter. Equitable Holdings Inc. now owns 7,241 shares of the company’s stock valued at $497,000 after acquiring an additional 561 shares during the period. Picton Mahoney Asset Management acquired a new stake in shares of Johnson Controls International in the 2nd quarter worth $3,958,000. Finally, Brandes Investment Partners LP boosted its position in shares of Johnson Controls International by 58.1% in the 2nd quarter. Brandes Investment Partners LP now owns 123,587 shares of the company’s stock worth $8,482,000 after purchasing an additional 45,425 shares in the last quarter. Institutional investors and hedge funds own 88.80% of the company’s stock.

Shares of JCI stock opened at $72.25 on Wednesday. The stock has a market cap of $51.46 billion, a PE ratio of 28.90, a price-to-earnings-growth ratio of 3.53 and a beta of 1.08. The business has a 50-day simple moving average of $72.83 and a 200-day simple moving average of $67.19. The company has a quick ratio of 0.89, a current ratio of 1.11 and a debt-to-equity ratio of 0.39. Johnson Controls International plc has a 52-week low of $39.79 and a 52-week high of $76.83.

Johnson Controls International (NYSE:JCI) last issued its quarterly earnings data on Thursday, July 29th. The company reported $0.83 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.83. The business had revenue of $6.34 billion during the quarter, compared to analysts’ expectations of $6.27 billion. Johnson Controls International had a return on equity of 9.79% and a net margin of 7.79%. The company’s revenue for the quarter was up 18.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.67 EPS. Sell-side analysts anticipate that Johnson Controls International plc will post 2.66 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 15th. Stockholders of record on Monday, September 27th will be issued a $0.27 dividend. The ex-dividend date is Friday, September 24th. This represents a $1.08 annualized dividend and a dividend yield of 1.49%. Johnson Controls International’s dividend payout ratio (DPR) is presently 48.21%.

In other news, CEO George Oliver sold 176,754 shares of the business’s stock in a transaction dated Tuesday, July 6th. The stock was sold at an average price of $68.17, for a total value of $12,049,320.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.76% of the company’s stock.

A number of analysts have recently weighed in on JCI shares. JPMorgan Chase & Co. raised Johnson Controls International from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $50.00 to $75.00 in a research report on Tuesday, June 8th. Morgan Stanley raised their price objective on Johnson Controls International from $85.00 to $87.00 and gave the stock an “overweight” rating in a research report on Thursday, September 9th. Jefferies Financial Group started coverage on Johnson Controls International in a research report on Thursday, July 8th. They issued a “buy” rating and a $85.00 price objective for the company. Royal Bank of Canada raised their price objective on Johnson Controls International from $70.00 to $76.00 and gave the stock a “sector perform” rating in a research report on Thursday, September 9th. Finally, Citigroup raised their price objective on Johnson Controls International from $72.00 to $73.00 and gave the stock a “neutral” rating in a research report on Monday, August 2nd. Eight investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $70.50.

Johnson Controls International Profile

Johnson Controls International Plc engages in the provision of buildings products, energy solutions, integrated infrastructure and next generation transportation systems. Its technology and service capabilities include fire, security, HVAC, power solutions and energy storage to serve various end markets including large institutions, commercial buildings, retail, industrial, small business and residential.

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Institutional Ownership by Quarter for Johnson Controls International (NYSE:JCI)

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