Bowman & Co S.C. Cuts Stock Position in Johnson Controls International plc (NYSE:JCI)

Bowman & Co S.C. cut its holdings in shares of Johnson Controls International plc (NYSE:JCI) by 4.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,989 shares of the company’s stock after selling 739 shares during the period. Bowman & Co S.C.’s holdings in Johnson Controls International were worth $979,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of JCI. Optimum Investment Advisors raised its position in Johnson Controls International by 17.5% in the fourth quarter. Optimum Investment Advisors now owns 1,175 shares of the company’s stock worth $68,000 after acquiring an additional 175 shares in the last quarter. Raleigh Capital Management Inc. increased its position in Johnson Controls International by 3.9% during the 3rd quarter. Raleigh Capital Management Inc. now owns 4,767 shares of the company’s stock worth $254,000 after purchasing an additional 179 shares in the last quarter. BSW Wealth Partners boosted its stake in Johnson Controls International by 4.3% in the 4th quarter. BSW Wealth Partners now owns 4,494 shares of the company’s stock worth $259,000 after buying an additional 185 shares during the last quarter. HCR Wealth Advisors lifted its stake in shares of Johnson Controls International by 1.2% in the 4th quarter. HCR Wealth Advisors now owns 16,225 shares of the company’s stock valued at $935,000 after purchasing an additional 185 shares in the last quarter. Finally, Mutual Advisors LLC lifted its stake in shares of Johnson Controls International by 0.4% in the 3rd quarter. Mutual Advisors LLC now owns 46,147 shares of the company’s stock valued at $2,455,000 after purchasing an additional 199 shares in the last quarter. 90.05% of the stock is currently owned by hedge funds and other institutional investors.

Johnson Controls International Stock Down 2.5 %

Shares of NYSE JCI opened at $65.91 on Thursday. The stock has a market cap of $44.40 billion, a PE ratio of 26.68, a PEG ratio of 1.74 and a beta of 1.29. The business has a fifty day moving average of $68.08 and a two-hundred day moving average of $62.01. Johnson Controls International plc has a 52-week low of $47.90 and a 52-week high of $74.23. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.65 and a current ratio of 0.87.

Johnson Controls International (NYSE:JCI) last issued its quarterly earnings data on Wednesday, May 1st. The company reported $0.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.75 by $0.03. Johnson Controls International had a return on equity of 13.21% and a net margin of 6.32%. The company had revenue of $6.70 billion during the quarter, compared to analysts’ expectations of $7.51 billion. During the same period last year, the business earned $0.75 earnings per share. The business’s revenue was down 6.1% on a year-over-year basis. As a group, equities research analysts expect that Johnson Controls International plc will post 3.59 earnings per share for the current fiscal year.

Johnson Controls International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 19th. Stockholders of record on Monday, June 24th will be issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 2.25%. The ex-dividend date of this dividend is Monday, June 24th. Johnson Controls International’s dividend payout ratio (DPR) is presently 59.92%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on JCI shares. Barclays lifted their price objective on Johnson Controls International from $59.00 to $62.00 and gave the company an “equal weight” rating in a research note on Friday, June 21st. UBS Group lowered Johnson Controls International from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $74.00 to $68.00 in a research report on Monday, May 6th. Oppenheimer reduced their price target on Johnson Controls International from $71.00 to $70.00 and set an “outperform” rating on the stock in a research report on Thursday, May 2nd. Citigroup boosted their price target on Johnson Controls International from $59.00 to $68.00 and gave the stock a “neutral” rating in a research report on Monday, April 8th. Finally, Wells Fargo & Company lifted their price objective on Johnson Controls International from $64.00 to $73.00 and gave the stock an “overweight” rating in a report on Tuesday, April 2nd. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, Johnson Controls International presently has an average rating of “Hold” and an average price target of $63.27.

Insider Activity

In other Johnson Controls International news, VP Daniel C. Mcconeghy sold 9,342 shares of the business’s stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $65.50, for a total value of $611,901.00. Following the sale, the vice president now owns 25,378 shares in the company, valued at approximately $1,662,259. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Johnson Controls International news, VP Daniel C. Mcconeghy sold 9,342 shares of the business’s stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $65.50, for a total value of $611,901.00. Following the sale, the vice president now owns 25,378 shares in the company, valued at approximately $1,662,259. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Nathan D. Manning sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $62.86, for a total value of $188,580.00. Following the transaction, the chief operating officer now directly owns 106,891 shares in the company, valued at approximately $6,719,168.26. The disclosure for this sale can be found here. Insiders have sold 16,900 shares of company stock worth $1,085,145 in the last 90 days. Corporate insiders own 0.69% of the company’s stock.

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.