King Luther Capital Management Corp Sells 8,335 Shares of Johnson Controls International plc (NYSE:JCI)

King Luther Capital Management Corp lessened its stake in Johnson Controls International plc (NYSE:JCI) by 23.7% during the second quarter, HoldingsChannel reports. The institutional investor owned 26,778 shares of the company’s stock after selling 8,335 shares during the period. King Luther Capital Management Corp’s holdings in Johnson Controls International were worth $1,780,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Rise Advisors LLC bought a new stake in Johnson Controls International in the first quarter valued at approximately $25,000. Continuum Advisory LLC boosted its stake in shares of Johnson Controls International by 65.2% in the 2nd quarter. Continuum Advisory LLC now owns 527 shares of the company’s stock valued at $35,000 after purchasing an additional 208 shares during the last quarter. Hexagon Capital Partners LLC increased its position in shares of Johnson Controls International by 39.7% during the second quarter. Hexagon Capital Partners LLC now owns 711 shares of the company’s stock worth $47,000 after buying an additional 202 shares during the period. Friedenthal Financial acquired a new stake in shares of Johnson Controls International during the second quarter worth $47,000. Finally, Centerpoint Advisors LLC raised its stake in Johnson Controls International by 126.8% during the first quarter. Centerpoint Advisors LLC now owns 737 shares of the company’s stock worth $48,000 after buying an additional 412 shares during the last quarter. Institutional investors and hedge funds own 90.05% of the company’s stock.

Johnson Controls International Stock Performance

JCI stock opened at $74.10 on Friday. The firm has a market cap of $49.92 billion, a PE ratio of 30.00, a P/E/G ratio of 1.91 and a beta of 1.29. The company has a quick ratio of 0.73, a current ratio of 0.96 and a debt-to-equity ratio of 0.46. The business has a 50 day moving average of $69.95 and a 200-day moving average of $67.79. Johnson Controls International plc has a 12-month low of $47.90 and a 12-month high of $75.36.

Johnson Controls International (NYSE:JCI) last issued its earnings results on Wednesday, July 31st. The company reported $1.14 earnings per share for the quarter, topping analysts’ consensus estimates of $1.08 by $0.06. Johnson Controls International had a net margin of 6.02% and a return on equity of 13.64%. The firm had revenue of $7.23 billion during the quarter, compared to analyst estimates of $7.53 billion. During the same quarter last year, the business earned $1.03 earnings per share. The company’s quarterly revenue was up 1.4% on a year-over-year basis. As a group, sell-side analysts expect that Johnson Controls International plc will post 3.67 earnings per share for the current year.

Johnson Controls International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 18th. Stockholders of record on Wednesday, September 25th will be issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.00%. The ex-dividend date of this dividend is Wednesday, September 25th. Johnson Controls International’s dividend payout ratio is currently 59.92%.

Insider Buying and Selling

In other Johnson Controls International news, COO Nathan D. Manning sold 1,167 shares of the firm’s stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $66.01, for a total transaction of $77,033.67. Following the sale, the chief operating officer now owns 104,556 shares in the company, valued at $6,901,741.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Johnson Controls International news, COO Nathan D. Manning sold 1,167 shares of the stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $66.01, for a total transaction of $77,033.67. Following the transaction, the chief operating officer now directly owns 104,556 shares in the company, valued at $6,901,741.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO George Oliver sold 110,615 shares of the stock in a transaction on Monday, September 16th. The shares were sold at an average price of $72.67, for a total transaction of $8,038,392.05. Following the transaction, the chief executive officer now directly owns 1,243,751 shares in the company, valued at approximately $90,383,385.17. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 115,046 shares of company stock worth $8,347,562. Corporate insiders own 0.69% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on JCI shares. The Goldman Sachs Group upped their target price on Johnson Controls International from $73.00 to $81.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. StockNews.com upgraded shares of Johnson Controls International from a “hold” rating to a “buy” rating in a research note on Friday, August 2nd. Barclays cut their target price on shares of Johnson Controls International from $62.00 to $61.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 10th. Oppenheimer lifted their price target on shares of Johnson Controls International from $70.00 to $76.00 and gave the company an “outperform” rating in a research note on Thursday, June 27th. Finally, Wells Fargo & Company increased their price target on Johnson Controls International from $75.00 to $80.00 and gave the stock an “overweight” rating in a report on Thursday, August 1st. Eleven investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $70.21.

About Johnson Controls International

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.