Bank of Montreal Can Sells 176,516 Shares of Johnson Controls International plc (NYSE:JCI)

Bank of Montreal Can trimmed its position in shares of Johnson Controls International plc (NYSE:JCI) by 21.8% during the second quarter, Holdings Channel.com reports. The fund owned 632,714 shares of the company’s stock after selling 176,516 shares during the quarter. Bank of Montreal Can’s holdings in Johnson Controls International were worth $44,208,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Evergreen Capital Management LLC boosted its holdings in Johnson Controls International by 12.7% during the second quarter. Evergreen Capital Management LLC now owns 6,885 shares of the company’s stock worth $460,000 after purchasing an additional 775 shares during the last quarter. Public Sector Pension Investment Board lifted its position in shares of Johnson Controls International by 65.1% during the 2nd quarter. Public Sector Pension Investment Board now owns 24,821 shares of the company’s stock worth $1,650,000 after buying an additional 9,784 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of Johnson Controls International by 65.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,615 shares of the company’s stock worth $116,000 after buying an additional 638 shares during the last quarter. Fairscale Capital LLC bought a new position in shares of Johnson Controls International in the second quarter valued at approximately $130,000. Finally, Frank Rimerman Advisors LLC grew its holdings in shares of Johnson Controls International by 12,448.9% in the second quarter. Frank Rimerman Advisors LLC now owns 5,898 shares of the company’s stock valued at $392,000 after acquiring an additional 5,851 shares in the last quarter. Institutional investors own 90.05% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Morgan Stanley initiated coverage on Johnson Controls International in a research report on Friday, September 6th. They issued an “overweight” rating and a $85.00 price objective on the stock. Oppenheimer raised their price objective on shares of Johnson Controls International from $70.00 to $76.00 and gave the stock an “outperform” rating in a report on Thursday, June 27th. Barclays dropped 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. StockNews.com upgraded shares of Johnson Controls International from a “hold” rating to a “buy” rating in a research note on Friday, August 2nd. Finally, Robert W. Baird upped their price objective on Johnson Controls International from $72.00 to $78.00 and gave the company a “neutral” rating in a research note on Thursday, August 1st. Eleven analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $70.21.

Insiders Place Their Bets

In other news, CEO George Oliver sold 110,615 shares of the business’s 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 completion of the transaction, the chief executive officer now directly owns 1,243,751 shares in the company, valued at approximately $90,383,385.17. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, COO Nathan D. Manning sold 1,167 shares of the company’s stock in a transaction that occurred on 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 in the company, valued at $6,901,741.56. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO George Oliver sold 110,615 shares of Johnson Controls International stock in a transaction that occurred 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 sale, the chief executive officer now owns 1,243,751 shares of the company’s stock, valued at $90,383,385.17. The disclosure for this sale can be found here. Insiders have sold 115,046 shares of company stock worth $8,347,562 in the last three months. 0.69% of the stock is currently owned by corporate insiders.

Johnson Controls International Price Performance

Johnson Controls International stock opened at $76.55 on Friday. The firm has a market capitalization of $51.14 billion, a P/E ratio of 30.99, a PEG ratio of 1.99 and a beta of 1.29. Johnson Controls International plc has a one year low of $47.90 and a one year high of $76.93. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.96 and a quick ratio of 0.73. The business has a fifty day moving average price of $70.25 and a 200-day moving average price of $68.09.

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

Johnson Controls International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 18th. Investors 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 yield of 1.93%. The ex-dividend date of this dividend is Wednesday, September 25th. Johnson Controls International’s dividend payout ratio (DPR) is presently 59.92%.

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.