Johnson Controls International plc (NYSE:JCI) Shares Sold by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC cut its position in Johnson Controls International plc (NYSE:JCI) by 97.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,413 shares of the company’s stock after selling 135,971 shares during the period. Los Angeles Capital Management LLC’s holdings in Johnson Controls International were worth $223,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in Johnson Controls International by 17.3% in the 4th quarter. Vanguard Group Inc. now owns 71,387,169 shares of the company’s stock worth $4,114,756,000 after buying an additional 10,522,009 shares during the period. Norges Bank purchased a new position in shares of Johnson Controls International during the fourth quarter worth $316,400,000. Clean Energy Transition LLP acquired a new position in Johnson Controls International during the fourth quarter valued at $124,553,000. Capital World Investors boosted its holdings in Johnson Controls International by 35.6% in the fourth quarter. Capital World Investors now owns 7,622,156 shares of the company’s stock valued at $439,341,000 after purchasing an additional 2,001,644 shares during the last quarter. Finally, Wells Fargo & Company MN grew its position in Johnson Controls International by 121.3% during the 4th quarter. Wells Fargo & Company MN now owns 3,494,653 shares of the company’s stock worth $201,432,000 after purchasing an additional 1,915,699 shares during the period. 90.05% of the stock is currently owned by hedge funds and other institutional investors.

Johnson Controls International Stock Performance

NYSE JCI opened at $67.03 on Friday. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.87 and a quick ratio of 0.65. The stock’s 50 day simple moving average is $68.12 and its 200-day simple moving average is $62.04. The company has a market cap of $45.16 billion, a PE ratio of 26.91, a price-to-earnings-growth ratio of 1.74 and a beta of 1.29. Johnson Controls International plc has a 1-year low of $47.90 and a 1-year high of $74.23.

Johnson Controls International (NYSE:JCI) last posted its quarterly earnings data on Wednesday, May 1st. The company reported $0.78 EPS for the quarter, beating the consensus estimate 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 firm had revenue of $6.70 billion during the quarter, compared to the consensus estimate of $7.51 billion. During the same period in the prior year, the company earned $0.75 EPS. The firm’s revenue was down 6.1% compared to the same quarter last year. As a group, equities research analysts anticipate that Johnson Controls International plc will post 3.59 EPS for the current fiscal year.

Johnson Controls International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 19th. Stockholders of record on Monday, June 24th will be given a $0.37 dividend. The ex-dividend date is Monday, June 24th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.21%. Johnson Controls International’s dividend payout ratio (DPR) is presently 59.92%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on JCI shares. Oppenheimer boosted their price objective on Johnson Controls International from $70.00 to $76.00 and gave the company an “outperform” rating in a report on Thursday. UBS Group lowered Johnson Controls International from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $74.00 to $68.00 in a research report on Monday, May 6th. Barclays lifted their target price on shares of Johnson Controls International from $59.00 to $62.00 and gave the company an “equal weight” rating in a report on Friday, June 21st. Wells Fargo & Company increased their price target on shares of Johnson Controls International from $64.00 to $73.00 and gave the stock an “overweight” rating in a report on Tuesday, April 2nd. Finally, Citigroup lifted their price objective on shares of Johnson Controls International from $59.00 to $68.00 and gave the company a “neutral” rating in a report on Monday, April 8th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $63.82.

Insider Activity at Johnson Controls International

In other Johnson Controls International news, COO Nathan D. Manning sold 3,000 shares of the business’s stock in a transaction 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 owns 106,891 shares of the company’s stock, valued at $6,719,168.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other 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 sale, the director now owns 30,120 shares in the company, valued at approximately $1,876,777.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Nathan D. Manning sold 3,000 shares of Johnson Controls International stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $62.86, for a total transaction of $188,580.00. Following the sale, 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. Over the last 90 days, insiders sold 16,900 shares of company stock valued at $1,085,145. 0.69% of the stock is currently owned by insiders.

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.