Gateway Investment Advisers LLC Sells 197 Shares of Johnson Controls International plc (NYSE:JCI)

Gateway Investment Advisers LLC cut its stake in Johnson Controls International plc (NYSE:JCI) by 5.1% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,643 shares of the company’s stock after selling 197 shares during the quarter. Gateway Investment Advisers LLC’s holdings in Johnson Controls International were worth $238,000 at the end of the most recent quarter.

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

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. UBS Group cut shares of Johnson Controls International from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $74.00 to $68.00 in a report on Monday, May 6th. Oppenheimer decreased their target price on shares of Johnson Controls International from $71.00 to $70.00 and set an “outperform” rating for the company in a report on Thursday, May 2nd. Wells Fargo & Company lifted their price target on shares of Johnson Controls International from $64.00 to $73.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 2nd. Barclays lifted their price target on shares of Johnson Controls International from $59.00 to $62.00 and gave the stock an “equal weight” rating in a research note on Friday, June 21st. Finally, Citigroup lifted their price target 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 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’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $63.27.

Insiders Place Their Bets

In related news, Director Juergen Tinggren sold 4,000 shares of the stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $62.31, for a total value of $249,240.00. Following the completion of the transaction, the director now directly owns 30,120 shares of the company’s stock, valued at approximately $1,876,777.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Johnson Controls International news, Director Juergen Tinggren sold 4,000 shares of the firm’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $62.31, for a total transaction of $249,240.00. Following the completion of the transaction, the director now directly owns 30,120 shares of the company’s stock, valued at approximately $1,876,777.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Nathan D. Manning sold 3,000 shares of the firm’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 transaction of $188,580.00. Following the transaction, the chief operating officer now directly 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 have sold a total of 16,900 shares of company stock worth $1,085,145 in the last three months. Corporate insiders own 0.69% of the company’s stock.

Johnson Controls International Trading Down 2.5 %

NYSE JCI opened at $65.91 on Thursday. The company’s 50-day moving average price is $68.08 and its 200-day moving average price is $62.01. The company has a current ratio of 0.87, a quick ratio of 0.65 and a debt-to-equity ratio of 0.44. 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. Johnson Controls International plc has a 12 month low of $47.90 and a 12 month high of $74.23.

Johnson Controls International (NYSE:JCI) last issued its earnings results on Wednesday, May 1st. The company reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.03. Johnson Controls International had a net margin of 6.32% and a return on equity of 13.21%. The company had revenue of $6.70 billion for the quarter, compared to analysts’ expectations of $7.51 billion. During the same period in the prior year, the business earned $0.75 EPS. The firm’s quarterly revenue was down 6.1% on a year-over-year basis. Equities research analysts forecast that Johnson Controls International plc will post 3.59 earnings per share for the current 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 issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 2.25%. The ex-dividend date is Monday, June 24th. Johnson Controls International’s payout ratio is 59.92%.

Johnson Controls International 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.