Johnson Controls International plc (NYSE:JCI) Shares Sold by SYSTM Wealth Solutions LLC

SYSTM Wealth Solutions LLC trimmed its position in Johnson Controls International plc (NYSE:JCI) by 4.1% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,238 shares of the company’s stock after selling 392 shares during the period. SYSTM Wealth Solutions LLC’s holdings in Johnson Controls International were worth $615,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of JCI. Vanguard Group Inc. boosted its holdings 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 valued at $4,114,756,000 after acquiring an additional 10,522,009 shares in the last quarter. Capital World Investors lifted its position 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 valued at $923,804,000 after purchasing an additional 6,520,580 shares during the period. Fisher Asset Management LLC boosted its holdings 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 valued at $778,962,000 after purchasing an additional 604,142 shares in the last quarter. Bank of New York Mellon Corp increased its position in 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 period. Finally, Dimensional Fund Advisors LP raised its stake in shares of Johnson Controls International by 8.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 5,855,075 shares of the company’s stock worth $389,214,000 after buying an additional 479,548 shares in the last quarter. 90.05% of the stock is owned by institutional investors and hedge funds.

Johnson Controls International Stock Down 0.1 %

JCI opened at $72.77 on Thursday. The firm has a market cap of $48.61 billion, a P/E ratio of 29.46, a PEG ratio of 1.91 and a beta of 1.29. The business’s fifty day simple moving average is $69.78 and its 200 day simple moving average is $67.60. Johnson Controls International plc has a 52 week low of $47.90 and a 52 week high of $75.36. 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 (NYSE:JCI) last released its quarterly earnings results on Wednesday, July 31st. The company reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.08 by $0.06. The company had revenue of $7.23 billion for the quarter, compared to analysts’ expectations of $7.53 billion. Johnson Controls International had a net margin of 6.02% and a return on equity of 13.64%. The firm’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same period last year, the company earned $1.03 EPS. As a group, equities research analysts anticipate that Johnson Controls International plc will post 3.67 EPS for the current fiscal year.

Johnson Controls International Dividend Announcement

The firm 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 $0.37 dividend. The ex-dividend date is Wednesday, September 25th. This represents a $1.48 annualized dividend and a yield of 2.03%. Johnson Controls International’s dividend payout ratio (DPR) is presently 59.92%.

Wall Street Analysts Forecast Growth

JCI has been the topic of a number of analyst reports. The Goldman Sachs Group lifted their price target on Johnson Controls International from $73.00 to $81.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Royal Bank of Canada upgraded shares of Johnson Controls International from an “underperform” rating to a “sector perform” rating and increased their price target for the company from $61.00 to $69.00 in a report on Wednesday, August 14th. StockNews.com upgraded shares of Johnson Controls International from a “hold” rating to a “buy” rating in a research note on Friday, August 2nd. Bank of America upgraded shares of Johnson Controls International from a “neutral” rating to a “buy” rating and upped their target price for the stock from $76.00 to $80.00 in a research report on Tuesday, September 10th. Finally, Morgan Stanley started coverage on shares of Johnson Controls International in a research report on Friday, September 6th. They set an “overweight” rating and a $85.00 price target for the company. Eleven analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $70.21.

Insiders Place Their Bets

In other news, COO Nathan D. Manning sold 1,167 shares of Johnson Controls International stock in a transaction on Monday, July 1st. The stock was sold at an average price of $66.01, for a total value of $77,033.67. Following the completion of the sale, the chief operating officer now owns 104,556 shares of the company’s stock, valued at $6,901,741.56. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, CEO George Oliver sold 110,615 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were 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 approximately $90,383,385.17. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, COO Nathan D. Manning sold 1,167 shares of the stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $66.01, for a total transaction of $77,033.67. Following the transaction, the chief operating officer now owns 104,556 shares in the company, valued at $6,901,741.56. The disclosure for this sale can be found here. Insiders have sold a total of 114,860 shares of company stock valued at $8,333,834 in the last quarter. 0.69% of the stock is currently owned by company 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.