Richmond Investment Services LLC Sells 3,894 Shares of Johnson Controls International plc $JCI

Richmond Investment Services LLC cut its holdings in Johnson Controls International plc (NYSE:JCI) by 57.2% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 2,909 shares of the company’s stock after selling 3,894 shares during the quarter. Richmond Investment Services LLC’s holdings in Johnson Controls International were worth $425,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. Krilogy Financial LLC raised its holdings in Johnson Controls International by 19.0% during the 2nd quarter. Krilogy Financial LLC now owns 10,874 shares of the company’s stock worth $1,589,000 after buying an additional 1,736 shares during the period. Ascentis Wealth Management LLC boosted its holdings in shares of Johnson Controls International by 18,274.4% in the second quarter. Ascentis Wealth Management LLC now owns 391,007 shares of the company’s stock valued at $57,130,000 after buying an additional 388,879 shares during the period. Facet Wealth Inc. boosted its holdings in shares of Johnson Controls International by 38.4% in the second quarter. Facet Wealth Inc. now owns 4,311 shares of the company’s stock valued at $630,000 after buying an additional 1,195 shares during the period. Private Wealth Management Group LLC increased its position in shares of Johnson Controls International by 195.0% during the second quarter. Private Wealth Management Group LLC now owns 944 shares of the company’s stock worth $138,000 after acquiring an additional 624 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. increased its position in shares of Johnson Controls International by 2.9% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 89,751 shares of the company’s stock worth $13,114,000 after acquiring an additional 2,504 shares in the last quarter. 90.05% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Johnson Controls International news, VP Lei Zhang Schlitz sold 23,417 shares of the company’s stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $153.07, for a total transaction of $3,584,440.19. Following the sale, the vice president directly owned 15,017 shares of the company’s stock, valued at approximately $2,298,652.19. This represents a 60.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Todd M. Grabowski sold 1,800 shares of the stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $146.20, for a total transaction of $263,160.00. Following the completion of the sale, the vice president owned 26,215 shares of the company’s stock, valued at approximately $3,832,633. This represents a 6.43% decrease in their position. The SEC filing for this sale provides additional information. 0.29% of the stock is currently owned by insiders.

Johnson Controls International Stock Performance

Shares of NYSE JCI opened at $151.47 on Friday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.83 and a current ratio of 1.00. The stock has a 50 day moving average price of $144.71 and a 200 day moving average price of $139.65. The stock has a market capitalization of $91.75 billion, a PE ratio of 26.34, a price-to-earnings-growth ratio of 1.47 and a beta of 1.31. Johnson Controls International plc has a 52 week low of $103.07 and a 52 week high of $157.06.

Johnson Controls International (NYSE:JCI) last posted its quarterly earnings results on Thursday, July 30th. The company reported $1.42 earnings per share for the quarter, topping the consensus estimate of $1.30 by $0.12. Johnson Controls International had a return on equity of 22.11% and a net margin of 14.32%.The firm had revenue of $6.61 billion for the quarter, compared to analyst estimates of $6.46 billion. During the same quarter in the previous year, the firm earned $1.05 EPS. The business’s quarterly revenue was up 9.3% on a year-over-year basis. Analysts predict that Johnson Controls International plc will post 5.08 earnings per share for the current fiscal year.

Johnson Controls International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 10th. Investors of record on Monday, June 15th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date was Monday, June 15th. Johnson Controls International’s payout ratio is presently 27.83%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on JCI. Morgan Stanley boosted their price objective on shares of Johnson Controls International from $140.00 to $175.00 and gave the company an “overweight” rating in a research report on Tuesday, June 9th. The Goldman Sachs Group increased their target price on Johnson Controls International from $169.00 to $178.00 and gave the stock a “buy” rating in a report on Tuesday, June 2nd. Wolfe Research reissued an “outperform” rating and issued a $171.00 price target on shares of Johnson Controls International in a research note on Wednesday, June 3rd. Weiss Ratings restated a “buy (b)” rating on shares of Johnson Controls International in a report on Tuesday, June 9th. Finally, Mizuho upped their price objective on Johnson Controls International from $130.00 to $140.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Johnson Controls International presently has an average rating of “Moderate Buy” and a consensus target price of $154.80.

About Johnson Controls International

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.