Sumitomo Mitsui Trust Holdings Inc. Reduces Holdings in Johnson Controls International plc (NYSE:JCI)

Sumitomo Mitsui Trust Holdings Inc. lowered its stake in shares of Johnson Controls International plc (NYSE:JCI) by 0.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,747,936 shares of the company’s stock after selling 3,474 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc.’s holdings in Johnson Controls International were worth $114,175,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Rise Advisors LLC acquired a new position in Johnson Controls International during the 1st quarter valued at approximately $25,000. Turtle Creek Wealth Advisors LLC acquired a new position in shares of Johnson Controls International in the 4th quarter valued at $25,000. EdgeRock Capital LLC purchased a new position in Johnson Controls International in the 4th quarter worth $27,000. Hexagon Capital Partners LLC lifted its position in Johnson Controls International by 114.0% during the 4th quarter. Hexagon Capital Partners LLC now owns 503 shares of the company’s stock worth $29,000 after acquiring an additional 268 shares during the period. Finally, Headinvest LLC acquired a new stake in shares of Johnson Controls International during the third quarter worth about $30,000. 90.05% of the stock is owned by hedge funds and other institutional investors.

Johnson Controls International Stock Performance

JCI opened at $66.85 on Thursday. The company has a quick ratio of 0.65, a current ratio of 0.87 and a debt-to-equity ratio of 0.44. Johnson Controls International plc has a 52-week low of $47.90 and a 52-week high of $74.23. The company has a market cap of $45.04 billion, a price-to-earnings ratio of 27.06, a PEG ratio of 1.73 and a beta of 1.28. The firm’s fifty day simple moving average is $68.28 and its two-hundred day simple moving average is $62.45.

Johnson Controls International (NYSE:JCI) last released its earnings results on Wednesday, May 1st. The company reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.03. The business had revenue of $6.70 billion for the quarter, compared to the consensus estimate of $7.51 billion. Johnson Controls International had a return on equity of 13.21% and a net margin of 6.32%. The business’s quarterly revenue was down 6.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.75 earnings per share. Equities analysts anticipate that Johnson Controls International plc will post 3.59 earnings per share for the current fiscal year.

Johnson Controls International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 19th. Shareholders of record on Monday, June 24th will be paid a dividend of $0.37 per share. The ex-dividend date is Monday, June 24th. This represents a $1.48 annualized dividend and a yield of 2.21%. Johnson Controls International’s dividend payout ratio (DPR) is presently 59.92%.

Insider Transactions at Johnson Controls International

In other news, COO Nathan D. Manning sold 1,167 shares of the firm’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $66.01, for a total value of $77,033.67. Following the transaction, the chief operating officer now directly owns 104,556 shares of the company’s stock, valued at $6,901,741.56. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, COO Nathan D. Manning sold 1,167 shares of Johnson Controls International stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $66.01, for a total transaction of $77,033.67. Following the transaction, the chief operating officer now owns 104,556 shares in the company, valued at $6,901,741.56. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, COO Nathan D. Manning sold 3,000 shares of the company’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $62.86, for a total value of $188,580.00. Following the completion of the sale, the chief operating officer now owns 106,891 shares of the company’s stock, valued at $6,719,168.26. The disclosure for this sale can be found here. Insiders sold 18,067 shares of company stock valued at $1,162,299 over the last 90 days. 0.69% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on JCI. Barclays boosted their target price on shares of Johnson Controls International from $59.00 to $62.00 and gave the company an “equal weight” rating in a research report on Friday, June 21st. Oppenheimer upped their target price on Johnson Controls International from $70.00 to $76.00 and gave the stock an “outperform” rating in a research note on Thursday, June 27th. Wells Fargo & Company lifted their price target on Johnson Controls International from $64.00 to $73.00 and gave the company an “overweight” rating in a research report on Tuesday, April 2nd. UBS Group lowered Johnson Controls International from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $74.00 to $68.00 in a research report on Monday, May 6th. Finally, Citigroup raised their price objective on shares of Johnson Controls International from $59.00 to $68.00 and gave the stock a “neutral” rating in a research note on Monday, April 8th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $63.82.

Johnson Controls International Company Profile

Johnson Controls International plc, together with its subsidiaries, engages in engineering, manufacturing, commissioning, and retrofitting building products and systems in the United States, Europe, the Asia Pacific, and internationally. It operates in four segments: Building Solutions North America, Building Solutions EMEA/LA, Building Solutions Asia Pacific, and Global Products.