AQR Capital Management LLC Sells 317,266 Shares of Johnson Controls International plc (NYSE:JCI)

AQR Capital Management LLC trimmed its holdings in shares of Johnson Controls International plc (NYSE:JCI) by 64.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 173,298 shares of the company’s stock after selling 317,266 shares during the quarter. AQR Capital Management LLC’s holdings in Johnson Controls International were worth $11,519,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Rise Advisors LLC bought a new position in Johnson Controls International during the 1st quarter worth $25,000. Continuum Advisory LLC lifted its stake in Johnson Controls International by 65.2% in the second quarter. Continuum Advisory LLC now owns 527 shares of the company’s stock valued at $35,000 after buying an additional 208 shares during the period. Hexagon Capital Partners LLC boosted its holdings in shares of Johnson Controls International by 39.7% during the 2nd quarter. Hexagon Capital Partners LLC now owns 711 shares of the company’s stock worth $47,000 after buying an additional 202 shares in the last quarter. Friedenthal Financial bought a new stake in shares of Johnson Controls International in the 2nd quarter valued at $47,000. Finally, Centerpoint Advisors LLC lifted its position in shares of Johnson Controls International by 126.8% during the 1st quarter. Centerpoint Advisors LLC now owns 737 shares of the company’s stock valued at $48,000 after acquiring an additional 412 shares during the period. Institutional investors own 90.05% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Barclays dropped their price objective on shares of Johnson Controls International from $62.00 to $61.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 10th. 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. Wells Fargo & Company increased their price objective on Johnson Controls International from $75.00 to $80.00 and gave the stock an “overweight” rating in a research note on Thursday, August 1st. StockNews.com raised Johnson Controls International from a “hold” rating to a “buy” rating in a research report on Friday, August 2nd. Finally, Oppenheimer increased 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. Eleven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $71.29.

Insider Transactions at Johnson Controls International

In related news, CEO George Oliver sold 110,615 shares of the business’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 sale, the chief executive officer now directly owns 1,243,751 shares in the company, valued at approximately $90,383,385.17. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Johnson Controls International news, COO Nathan D. Manning sold 1,167 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $72.75, for a total value of $84,899.25. Following the completion of the transaction, the chief operating officer now directly owns 143,488 shares of the company’s stock, valued at approximately $10,438,752. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO George Oliver sold 110,615 shares of the company’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 directly owns 1,243,751 shares in the company, valued at approximately $90,383,385.17. The disclosure for this sale can be found here. Insiders sold 113,693 shares of company stock valued at $8,258,225 over the last three months. Company insiders own 0.69% of the company’s stock.

Johnson Controls International Price Performance

Johnson Controls International stock opened at $76.81 on Wednesday. The business’s 50 day simple moving average is $70.86 and its 200 day simple moving average is $68.55. Johnson Controls International plc has a 12 month low of $47.90 and a 12 month high of $78.23. The company has a market cap of $51.31 billion, a price-to-earnings ratio of 31.10, a PEG ratio of 2.03 and a beta of 1.29. The company has a current ratio of 0.96, a quick ratio of 0.73 and a debt-to-equity ratio of 0.46.

Johnson Controls International (NYSE:JCI) last issued its quarterly earnings results on Wednesday, July 31st. The company reported $1.14 EPS for the quarter, beating analysts’ consensus estimates of $1.08 by $0.06. The firm had revenue of $7.23 billion for the quarter, compared to analysts’ expectations of $7.53 billion. Johnson Controls International had a return on equity of 13.64% and a net margin of 6.02%. The business’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 firm earned $1.03 EPS. Sell-side analysts forecast that Johnson Controls International plc will post 3.67 EPS for the current year.

Johnson Controls International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 18th. Shareholders of record on Wednesday, September 25th will be given a dividend of $0.37 per share. The ex-dividend date is Wednesday, September 25th. This represents a $1.48 annualized dividend and a dividend yield of 1.93%. Johnson Controls International’s dividend payout ratio is currently 59.92%.

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.