Legal & General Group Plc Trims Holdings in Johnson Controls International plc (NYSE:JCI)

Legal & General Group Plc lowered its stake in shares of Johnson Controls International plc (NYSE:JCI) by 2.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,523,272 shares of the company’s stock after selling 123,652 shares during the quarter. Legal & General Group Plc owned approximately 0.82% of Johnson Controls International worth $367,132,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Summit Trail Advisors LLC raised its stake in shares of Johnson Controls International by 4.6% during the second quarter. Summit Trail Advisors LLC now owns 3,715 shares of the company’s stock valued at $248,000 after purchasing an additional 163 shares in the last quarter. Center for Financial Planning Inc. raised its position in shares of Johnson Controls International by 5.7% during the 2nd quarter. Center for Financial Planning Inc. now owns 3,485 shares of the company’s stock worth $232,000 after buying an additional 187 shares in the last quarter. Wedmont Private Capital raised its position in shares of Johnson Controls International by 3.1% during the 2nd quarter. Wedmont Private Capital now owns 6,440 shares of the company’s stock worth $451,000 after buying an additional 192 shares in the last quarter. Hexagon Capital Partners LLC lifted its stake in shares of Johnson Controls International by 39.7% in the 2nd quarter. Hexagon Capital Partners LLC now owns 711 shares of the company’s stock worth $47,000 after acquiring an additional 202 shares during the period. Finally, Continuum Advisory LLC boosted its holdings in shares of Johnson Controls International by 65.2% in the second quarter. Continuum Advisory LLC now owns 527 shares of the company’s stock valued at $35,000 after acquiring an additional 208 shares in the last quarter. Institutional investors own 90.05% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Robert W. Baird upped their target price on Johnson Controls International from $72.00 to $78.00 and gave the stock a “neutral” rating in a research report on Thursday, August 1st. Morgan Stanley began coverage on Johnson Controls International in a research note on Friday, September 6th. They issued an “overweight” rating and a $85.00 price objective on the stock. Bank of America raised their target price on Johnson Controls International from $80.00 to $95.00 and gave the company a “buy” rating in a research note on Friday. The Goldman Sachs Group boosted their price target on shares of Johnson Controls International from $73.00 to $81.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Finally, Royal Bank of Canada raised shares of Johnson Controls International from an “underperform” rating to a “sector perform” rating and upped their price target for the company from $61.00 to $69.00 in a report on Wednesday, August 14th. Eleven analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $71.29.

Johnson Controls International Trading Up 0.9 %

Johnson Controls International stock opened at $77.21 on Friday. Johnson Controls International plc has a 52 week low of $47.90 and a 52 week high of $77.71. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.73 and a current ratio of 0.96. The firm has a market capitalization of $51.58 billion, a price-to-earnings ratio of 31.26, a P/E/G ratio of 1.99 and a beta of 1.29. The company has a 50 day moving average price of $70.55 and a 200 day moving average price of $68.31.

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

Johnson Controls International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 18th. Stockholders of record on Wednesday, September 25th will be given a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date of this dividend is Wednesday, September 25th. Johnson Controls International’s dividend payout ratio (DPR) is 59.92%.

Insider Buying and Selling

In related news, COO Nathan D. Manning sold 1,167 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $70.71, for a total transaction of $82,518.57. Following the transaction, the chief operating officer now directly owns 103,866 shares of the company’s stock, valued at $7,344,364.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO George Oliver sold 110,615 shares of Johnson Controls International stock in a transaction on Monday, September 16th. The stock was sold at an average price of $72.67, for a total transaction of $8,038,392.05. Following the completion of the sale, the chief executive officer now owns 1,243,751 shares of the company’s stock, valued at $90,383,385.17. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, COO Nathan D. Manning sold 1,167 shares of the business’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $70.71, for a total value of $82,518.57. Following the completion of the transaction, the chief operating officer now owns 103,866 shares in the company, valued at approximately $7,344,364.86. The disclosure for this sale can be found here. Over the last three months, insiders sold 115,046 shares of company stock worth $8,347,562. 0.69% of the stock is owned by company insiders.

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.