Johnson Controls International plc $JCI Shares Sold by Oarsman Capital Inc.

Oarsman Capital Inc. lowered its stake in shares of Johnson Controls International plc (NYSE:JCI) by 0.4% in the second quarter, HoldingsChannel reports. The firm owned 25,566 shares of the company’s stock after selling 100 shares during the quarter. Oarsman Capital Inc.’s holdings in Johnson Controls International were worth $2,700,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Jennison Associates LLC boosted its position in Johnson Controls International by 232.4% during the 2nd quarter. Jennison Associates LLC now owns 2,124,125 shares of the company’s stock valued at $224,350,000 after purchasing an additional 1,485,007 shares during the period. Austin Private Wealth LLC boosted its position in Johnson Controls International by 12.9% during the 2nd quarter. Austin Private Wealth LLC now owns 3,622 shares of the company’s stock valued at $383,000 after purchasing an additional 413 shares during the period. New York Life Investment Management LLC boosted its position in Johnson Controls International by 0.9% during the 2nd quarter. New York Life Investment Management LLC now owns 98,540 shares of the company’s stock valued at $10,408,000 after purchasing an additional 850 shares during the period. Trust Investment Advisors acquired a new position in Johnson Controls International during the 2nd quarter valued at approximately $220,000. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its position in Johnson Controls International by 27.6% during the 2nd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 99,838 shares of the company’s stock valued at $10,545,000 after purchasing an additional 21,600 shares during the period. Institutional investors and hedge funds own 90.05% of the company’s stock.

Insiders Place Their Bets

In other news, VP Daniel C. Mcconeghy sold 5,917 shares of the business’s stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $105.73, for a total value of $625,604.41. Following the sale, the vice president owned 25,005 shares of the company’s stock, valued at approximately $2,643,778.65. The trade was a 19.14% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Nathan D. Manning sold 1,422 shares of the business’s stock in a transaction 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 sale, the vice president directly owned 139,459 shares in the company, valued at $14,651,562.54. This represents a 1.01% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 8,761 shares of company stock worth $922,447 in the last three months. Company insiders own 0.54% of the company’s stock.

Johnson Controls International Stock Down 0.6%

Shares of Johnson Controls International stock opened at $112.36 on Wednesday. The business’s fifty day moving average price is $108.16 and its two-hundred day moving average price is $102.19. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.96 and a quick ratio of 0.81. The company has a market capitalization of $73.53 billion, a P/E ratio of 33.34, a PEG 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.

Johnson Controls International (NYSE:JCI) last posted its quarterly earnings data on Tuesday, July 29th. The company reported $1.05 EPS for the quarter, topping analysts’ consensus estimates of $0.99 by $0.06. Johnson Controls International had a return on equity of 14.71% and a net margin of 9.53%.The company had revenue of $6.05 billion for the quarter, compared to the consensus estimate of $5.99 billion. As a group, research analysts forecast that Johnson Controls International plc will post 3.64 EPS for the current year.

Johnson Controls International Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 17th. Stockholders of record on Monday, September 22nd were paid a $0.40 dividend. 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%. This is a boost from Johnson Controls International’s previous quarterly dividend of $0.37. Johnson Controls International’s dividend payout ratio (DPR) is presently 47.48%.

Analysts Set New Price Targets

A number of research firms recently issued reports on JCI. Deutsche Bank Aktiengesellschaft boosted their price objective on Johnson Controls International from $124.00 to $125.00 and gave the company a “buy” rating in a research report on Thursday, October 2nd. Weiss Ratings restated a “buy (b)” rating on shares of Johnson Controls International in a research report on Wednesday, October 8th. Robert W. Baird lifted their target price on Johnson Controls International from $110.00 to $115.00 and gave the company a “neutral” rating in a research note on Tuesday, October 14th. The Goldman Sachs Group lifted their target price on Johnson Controls International from $119.00 to $124.00 and gave the company a “buy” rating in a research note on Monday, September 15th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and set a $120.00 target price on shares of Johnson Controls International in a research note on Thursday, July 24th. Ten analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Johnson Controls International presently has an average rating of “Moderate Buy” and an average price target of $113.41.

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.