Clifford Swan Investment Counsel LLC Cuts Stake in Johnson Controls International plc $JCI

Clifford Swan Investment Counsel LLC lessened its stake in shares of Johnson Controls International plc (NYSE:JCI) by 2.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 280,272 shares of the company’s stock after selling 8,498 shares during the quarter. Johnson Controls International accounts for 1.2% of Clifford Swan Investment Counsel LLC’s investment portfolio, making the stock its 19th biggest position. Clifford Swan Investment Counsel LLC’s holdings in Johnson Controls International were worth $36,702,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Maseco LLP raised its holdings in shares of Johnson Controls International by 102.9% during the 4th quarter. Maseco LLP now owns 211 shares of the company’s stock valued at $25,000 after buying an additional 107 shares during the period. Mcguire Capital Advisors Inc. acquired a new stake in Johnson Controls International in the fourth quarter valued at approximately $27,000. Roxbury Financial LLC grew its position in Johnson Controls International by 71.9% in the fourth quarter. Roxbury Financial LLC now owns 239 shares of the company’s stock valued at $29,000 after acquiring an additional 100 shares in the last quarter. Twin Tree Management LP raised its stake in shares of Johnson Controls International by 140.9% during the fourth quarter. Twin Tree Management LP now owns 260 shares of the company’s stock valued at $31,000 after purchasing an additional 895 shares during the period. Finally, YANKCOM Partnership purchased a new stake in shares of Johnson Controls International during the fourth quarter valued at approximately $34,000. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Johnson Controls International Stock Performance

Shares of JCI opened at $140.45 on Friday. The business’s 50 day moving average is $141.92 and its two-hundred day moving average is $135.28. Johnson Controls International plc has a 52-week low of $102.09 and a 52-week high of $151.18. The firm has a market cap of $85.69 billion, a price-to-earnings ratio of 25.13, a PEG ratio of 1.51 and a beta of 1.31. The company has a quick ratio of 0.85, a current ratio of 1.04 and a debt-to-equity ratio of 0.64.

Johnson Controls International (NYSE:JCI) last posted its quarterly earnings data on Tuesday, March 31st. The company reported $1.19 EPS for the quarter. The firm had revenue of $6.14 billion for the quarter. Johnson Controls International had a net margin of 14.45% and a return on equity of 19.50%. Analysts forecast that Johnson Controls International plc will post 4.9 EPS for the current fiscal year.

Johnson Controls International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 10th. Stockholders of record on Monday, June 15th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Monday, June 15th. This represents a $1.60 annualized dividend and a dividend yield of 1.1%. Johnson Controls International’s dividend payout ratio (DPR) is presently 28.62%.

Analysts Set New Price Targets

JCI has been the subject of several analyst reports. Zacks Research upgraded shares of Johnson Controls International from a “hold” rating to a “strong-buy” rating in a research note on Thursday, June 25th. JPMorgan Chase & Co. lifted their price target on shares of Johnson Controls International from $158.00 to $162.00 in a research note on Thursday, May 7th. The Goldman Sachs Group boosted their price objective on shares of Johnson Controls International from $169.00 to $178.00 and gave the stock a “buy” rating in a report on Tuesday, June 2nd. Robert W. Baird upped their price objective on shares of Johnson Controls International from $132.00 to $148.00 and gave the company a “neutral” rating in a research report on Monday, April 27th. Finally, Oppenheimer restated a “market perform” rating on shares of Johnson Controls International in a research note on Tuesday, June 2nd. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $152.85.

Insider Transactions at Johnson Controls International

In other Johnson Controls International news, VP Todd M. Grabowski sold 1,800 shares of the company’s stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $146.20, for a total transaction of $263,160.00. Following the sale, the vice president owned 26,215 shares in the company, valued at $3,832,633. This represents a 6.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP Lei Zhang Schlitz sold 88,809 shares of the stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $140.99, for a total value of $12,521,180.91. Following the transaction, the vice president directly owned 57,059 shares in the company, valued at approximately $8,044,748.41. This represents a 60.88% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.29% of the stock is currently owned by company insiders.

Johnson Controls International Company Profile

Johnson Controls International plc is a global diversified technology and multi‑industrial company that develops products, services and solutions for buildings and energy storage. The company’s core focus is on improving building efficiency, safety and sustainability through a combination of HVAC equipment, building controls and automation, fire and security systems, and related services. Johnson Controls traces its roots to 1885, when inventor Warren S. Johnson developed an electric room thermostat; over its long history the company has expanded from controls into a broad set of building‑related technologies and, through corporate transactions, into a global provider of integrated building solutions.

Johnson Controls’ product and service portfolio includes heating, ventilation and air‑conditioning equipment, chillers, air handlers and related mechanical systems, together with building automation and control platforms that monitor and manage energy use, indoor environmental quality and security.