Mercer Global Advisors Inc. ADV Sells 4,633 Shares of Johnson Controls International plc (NYSE:JCI)

Mercer Global Advisors Inc. ADV lowered its position in Johnson Controls International plc (NYSE:JCI) by 4.7% in the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 93,463 shares of the company’s stock after selling 4,633 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in Johnson Controls International were worth $6,193,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in Johnson Controls International by 17.3% during the fourth quarter. Vanguard Group Inc. now owns 71,387,169 shares of the company’s stock valued at $4,114,756,000 after buying an additional 10,522,009 shares during the period. Capital World Investors grew its holdings in Johnson Controls International by 85.5% in the first quarter. Capital World Investors now owns 14,142,736 shares of the company’s stock worth $923,804,000 after purchasing an additional 6,520,580 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Johnson Controls International by 95.9% during the first quarter. Bank of New York Mellon Corp now owns 12,760,120 shares of the company’s stock valued at $833,491,000 after purchasing an additional 6,247,250 shares in the last quarter. Clean Energy Transition LLP purchased a new position in shares of Johnson Controls International during the fourth quarter valued at approximately $124,553,000. Finally, M&G Plc bought a new stake in shares of Johnson Controls International in the 1st quarter worth approximately $120,948,000. 90.05% of the stock is currently owned by institutional investors.

Johnson Controls International Stock Down 0.2 %

JCI stock opened at $74.10 on Friday. The company has a market cap of $49.50 billion, a price-to-earnings ratio of 30.00, a P/E/G ratio of 1.91 and a beta of 1.29. 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 business’s 50-day moving average is $69.95 and its two-hundred day moving average is $67.74. Johnson Controls International plc has a fifty-two week low of $47.90 and a fifty-two week high of $75.36.

Johnson Controls International (NYSE:JCI) last released its quarterly earnings results on Wednesday, July 31st. The company reported $1.14 earnings per share for the quarter, topping the consensus estimate of $1.08 by $0.06. Johnson Controls International had a net margin of 6.02% and a return on equity of 13.64%. The business had revenue of $7.23 billion for the quarter, compared to the consensus estimate of $7.53 billion. During the same period last year, the firm earned $1.03 earnings per share. The company’s quarterly revenue was up 1.4% on a year-over-year basis. As a group, analysts forecast that Johnson Controls International plc will post 3.67 earnings per share 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. Shareholders of record on Wednesday, September 25th will be issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 2.00%. The ex-dividend date of this dividend is Wednesday, September 25th. Johnson Controls International’s dividend payout ratio is presently 59.92%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Bank of America upgraded Johnson Controls International from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $76.00 to $80.00 in a research note on Tuesday, September 10th. Oppenheimer upped their price target on shares of Johnson Controls International from $70.00 to $76.00 and gave the stock an “outperform” rating in a research note on Thursday, June 27th. The Goldman Sachs Group increased their price objective on shares of Johnson Controls International from $73.00 to $81.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Wells Fargo & Company upped their target price on shares of Johnson Controls International from $75.00 to $80.00 and gave the stock an “overweight” rating in a research note on Thursday, August 1st. Finally, Barclays cut their price target on shares of Johnson Controls International from $62.00 to $61.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 10th. Eleven analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Johnson Controls International 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 Johnson Controls International stock in a transaction dated 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 transaction, the chief executive officer now directly owns 1,243,751 shares of the company’s stock, valued at approximately $90,383,385.17. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, CEO George Oliver sold 110,615 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $72.67, for a total value of $8,038,392.05. Following the completion of the sale, the chief executive officer now directly owns 1,243,751 shares of the company’s stock, valued at approximately $90,383,385.17. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Nathan D. Manning sold 1,167 shares of Johnson Controls International stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $72.75, for a total transaction of $84,899.25. Following the transaction, the chief operating officer now directly owns 143,488 shares in the company, valued at approximately $10,438,752. The disclosure for this sale can be found here. Insiders sold a total of 115,046 shares of company stock worth $8,347,562 over the last quarter. 0.69% of the stock is currently owned by corporate 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.