MQS Management LLC Sells 826 Shares of Johnson Controls International plc $JCI

MQS Management LLC decreased its position in Johnson Controls International plc (NYSE:JCI) by 23.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,721 shares of the company’s stock after selling 826 shares during the quarter. MQS Management LLC’s holdings in Johnson Controls International were worth $287,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of JCI. Cerity Partners LLC increased its position in Johnson Controls International by 69.8% during the first quarter. Cerity Partners LLC now owns 113,059 shares of the company’s stock worth $9,057,000 after acquiring an additional 46,459 shares during the period. G&S Capital LLC boosted its stake in Johnson Controls International by 81.4% during the first quarter. G&S Capital LLC now owns 30,342 shares of the company’s stock worth $2,431,000 after buying an additional 13,612 shares in the last quarter. GAMMA Investing LLC increased its holdings in Johnson Controls International by 27.8% in the 1st quarter. GAMMA Investing LLC now owns 14,720 shares of the company’s stock valued at $1,179,000 after buying an additional 3,201 shares during the period. Allspring Global Investments Holdings LLC increased its holdings in Johnson Controls International by 2,213.5% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 709,431 shares of the company’s stock valued at $57,748,000 after buying an additional 678,766 shares during the period. Finally, Yeomans Consulting Group Inc. bought a new stake in Johnson Controls International in the 2nd quarter valued at $304,000. Institutional investors own 90.05% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on JCI shares. Barclays boosted their price target on shares of Johnson Controls International from $100.00 to $101.00 and gave the company an “equal weight” rating in a report on Wednesday, July 30th. Wolfe Research boosted their price target on shares of Johnson Controls International from $132.00 to $133.00 and gave the company an “outperform” rating in a report on Friday, September 12th. Citigroup boosted their price target on shares of Johnson Controls International from $112.00 to $119.00 and gave the company a “neutral” rating in a report on Thursday, October 9th. Robert W. Baird boosted their target price on shares of Johnson Controls International from $110.00 to $115.00 and gave the company a “neutral” rating in a research note on Tuesday, October 14th. Finally, Jefferies Financial Group restated a “hold” rating and issued a $120.00 target price on shares of Johnson Controls International in a research note on Thursday, July 24th. Ten equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Johnson Controls International has a consensus rating of “Moderate Buy” and a consensus target price of $113.41.

Johnson Controls International Stock Performance

Shares of NYSE:JCI opened at $113.10 on Tuesday. The stock has a market capitalization of $74.01 billion, a P/E ratio of 33.56, a P/E/G ratio of 1.69 and a beta of 1.33. Johnson Controls International plc has a 1-year low of $68.03 and a 1-year high of $114.60. The company has a current ratio of 0.96, a quick ratio of 0.81 and a debt-to-equity ratio of 0.50. The business has a 50-day moving average price of $108.00 and a two-hundred day moving average price of $101.93.

Johnson Controls International (NYSE:JCI) last announced its quarterly earnings results on Tuesday, July 29th. The company reported $1.05 EPS for the quarter, beating analysts’ consensus estimates of $0.99 by $0.06. The company had revenue of $6.05 billion during the quarter, compared to analysts’ expectations of $5.99 billion. Johnson Controls International had a return on equity of 14.71% and a net margin of 9.53%. Equities analysts predict that Johnson Controls International plc will post 3.64 earnings per share for the current year.

Johnson Controls International Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 17th. Stockholders of record on Monday, September 22nd were paid a $0.40 dividend. This is a boost from Johnson Controls International’s previous quarterly dividend of $0.37. The ex-dividend date of this dividend was Monday, September 22nd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.4%. Johnson Controls International’s dividend payout ratio (DPR) is currently 47.48%.

Insider Activity at Johnson Controls International

In related news, VP Nathan D. Manning sold 1,422 shares of the business’s stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $105.06, for a total value of $149,395.32. Following the completion of the transaction, the vice president directly owned 139,459 shares in the company, valued at approximately $14,651,562.54. The trade was a 1.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Daniel C. Mcconeghy sold 5,917 shares of the business’s stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $105.73, for a total value of $625,604.41. Following the completion of the transaction, the vice president owned 25,005 shares of the company’s stock, valued at $2,643,778.65. This represents a 19.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 8,761 shares of company stock valued at $922,447 over the last quarter. 0.54% of the stock is owned by 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.