Johnson Controls International plc (NYSE:JCI) Shares Sold by Sei Investments Co.

Sei Investments Co. cut its position in Johnson Controls International plc (NYSE:JCI) by 6.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 642,242 shares of the company’s stock after selling 41,500 shares during the period. Sei Investments Co. owned 0.10% of Johnson Controls International worth $42,690,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in shares of Johnson Controls International by 17.3% in the fourth 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 in the last quarter. Capital World Investors raised its holdings in Johnson Controls International by 85.5% in the 1st quarter. Capital World Investors now owns 14,142,736 shares of the company’s stock valued at $923,804,000 after acquiring an additional 6,520,580 shares during the last quarter. Fisher Asset Management LLC lifted its stake in Johnson Controls International by 4.7% in the 4th quarter. Fisher Asset Management LLC now owns 13,514,262 shares of the company’s stock worth $778,962,000 after purchasing an additional 604,142 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Johnson Controls International by 95.9% during the 1st quarter. Bank of New York Mellon Corp now owns 12,760,120 shares of the company’s stock worth $833,491,000 after purchasing an additional 6,247,250 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of Johnson Controls International by 8.9% in the second quarter. Dimensional Fund Advisors LP now owns 5,855,075 shares of the company’s stock valued at $389,214,000 after purchasing an additional 479,548 shares in the last quarter. 90.05% of the stock is currently owned by hedge funds and other institutional investors.

Johnson Controls International Stock Up 1.6 %

Shares of Johnson Controls International stock opened at $75.27 on Tuesday. The company has a quick ratio of 0.73, a current ratio of 0.96 and a debt-to-equity ratio of 0.46. Johnson Controls International plc has a 52-week low of $47.90 and a 52-week high of $75.81. The company has a market capitalization of $50.71 billion, a P/E ratio of 30.47, a P/E/G ratio of 1.91 and a beta of 1.29. The company has a 50 day moving average of $70.06 and a 200 day moving average of $67.94.

Johnson Controls International (NYSE:JCI) last posted its earnings results on Wednesday, July 31st. The company reported $1.14 EPS for the quarter, beating the consensus estimate of $1.08 by $0.06. The firm 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%. Johnson Controls International’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.03 earnings per share. As a group, research analysts forecast that Johnson Controls International plc will post 3.67 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, October 18th. Shareholders of record on Wednesday, September 25th will be paid a $0.37 dividend. The ex-dividend date of this dividend is Wednesday, September 25th. This represents a $1.48 annualized dividend and a yield of 1.97%. Johnson Controls International’s dividend payout ratio is currently 59.92%.

Analyst Ratings Changes

A number of research firms have weighed in on JCI. The Goldman Sachs Group boosted their price objective on Johnson Controls International from $73.00 to $81.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Bank of America raised shares of Johnson Controls International from a “neutral” rating to a “buy” rating and upped their price objective for the company from $76.00 to $80.00 in a report on Tuesday, September 10th. Barclays decreased their target price 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. Morgan Stanley assumed coverage on Johnson Controls International in a report on Friday, September 6th. They issued an “overweight” rating and a $85.00 price objective on the stock. Finally, StockNews.com upgraded 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 given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $70.21.

Insiders Place Their Bets

In other news, CEO George Oliver sold 110,615 shares of the company’s stock in a transaction 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 transaction, the chief executive officer now owns 1,243,751 shares in the company, valued at approximately $90,383,385.17. The sale was disclosed in a document filed with the SEC, which is available at this link. In related news, CEO George Oliver sold 110,615 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief executive officer now owns 1,243,751 shares in the company, valued at approximately $90,383,385.17. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Nathan D. Manning sold 1,167 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $70.71, for a total value of $82,518.57. Following the completion of the sale, the chief operating officer now owns 103,866 shares of the company’s stock, valued at approximately $7,344,364.86. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 115,046 shares of company stock valued at $8,347,562. 0.69% of the stock is owned by corporate insiders.

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.