Hancock Whitney Corp Sells 225 Shares of Johnson Controls International plc (NYSE:JCI)

Hancock Whitney Corp decreased its holdings in Johnson Controls International plc (NYSE:JCI) by 3.7% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,902 shares of the company’s stock after selling 225 shares during the period. Hancock Whitney Corp’s holdings in Johnson Controls International were worth $392,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently made changes to their positions in the stock. United Services Automobile Association grew its stake in shares of Johnson Controls International by 7.9% during the fourth quarter. United Services Automobile Association now owns 20,376 shares of the company’s stock worth $1,174,000 after acquiring an additional 1,490 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its stake in shares of Johnson Controls International by 27.6% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 79,840 shares of the company’s stock worth $4,602,000 after buying an additional 17,263 shares during the period. M&G Plc acquired a new position in Johnson Controls International during the first quarter worth $120,948,000. Vanguard Group Inc. raised its position in shares of Johnson Controls International by 17.3% during the 4th quarter. Vanguard Group Inc. now owns 71,387,169 shares of the company’s stock worth $4,114,756,000 after purchasing an additional 10,522,009 shares during the last quarter. Finally, Cetera Investment Advisers lifted its position in shares of Johnson Controls International by 470.9% in the first quarter. Cetera Investment Advisers now owns 157,980 shares of the company’s stock valued at $10,319,000 after acquiring an additional 130,308 shares in the last quarter. 90.05% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on JCI. Oppenheimer upped their price target on Johnson Controls International from $70.00 to $76.00 and gave the company an “outperform” rating in a research report on Thursday, June 27th. Wells Fargo & Company lifted 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. The Goldman Sachs Group boosted their price objective on shares of Johnson Controls International from $73.00 to $81.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Bank of America upgraded Johnson Controls International from a “neutral” rating to a “buy” rating and upped their price target for the stock from $76.00 to $80.00 in a research note on Tuesday, September 10th. Finally, StockNews.com raised shares of Johnson Controls International from a “hold” rating to a “buy” rating in a research report on Friday, August 2nd. Eleven analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $70.21.

Johnson Controls International Price Performance

Shares of NYSE JCI opened at $75.27 on Tuesday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.73 and a current ratio of 0.96. Johnson Controls International plc has a fifty-two week low of $47.90 and a fifty-two week high of $75.81. The stock’s 50-day simple moving average is $70.06 and its 200-day simple moving average is $67.94. The firm has a market capitalization of $50.71 billion, a PE ratio of 30.47, a price-to-earnings-growth ratio of 1.91 and a beta of 1.29.

Johnson Controls International (NYSE:JCI) last released its earnings results on Wednesday, July 31st. The company reported $1.14 earnings per share (EPS) 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 analyst estimates of $7.53 billion. Johnson Controls International had a return on equity of 13.64% and a net margin of 6.02%. The company’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. As a group, equities research analysts forecast that Johnson Controls International plc will post 3.67 EPS for the current fiscal year.

Johnson Controls International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 18th. Stockholders of record on Wednesday, September 25th will be paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 1.97%. The ex-dividend date is Wednesday, September 25th. Johnson Controls International’s dividend payout ratio (DPR) is 59.92%.

Insiders Place Their Bets

In other Johnson Controls International news, CEO George Oliver sold 110,615 shares of the firm’s 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 transaction, 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 document filed with the Securities & Exchange Commission, which is accessible through this link. In other 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 value 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 sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Nathan D. Manning sold 1,167 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at approximately $10,438,752. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 115,046 shares of company stock worth $8,347,562. 0.69% of the stock is owned by corporate 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.