17,274 Johnson Controls International plc $JCI Shares Sold by Vontobel Holding Ltd.

Vontobel Holding Ltd. trimmed its position in Johnson Controls International plc (NYSE:JCI) by 5.6% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 289,872 shares of the company’s stock after selling 17,274 shares during the period. Vontobel Holding Ltd.’s holdings in Johnson Controls International were worth $43,089,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in JCI. State Street Corp increased its holdings in Johnson Controls International by 2.2% in the 2nd quarter. State Street Corp now owns 28,283,873 shares of the company’s stock valued at $4,143,674,000 after purchasing an additional 621,319 shares in the last quarter. Invesco Ltd. raised its stake in Johnson Controls International by 13.0% during the 4th quarter. Invesco Ltd. now owns 16,003,486 shares of the company’s stock valued at $1,916,417,000 after acquiring an additional 1,837,220 shares in the last quarter. Amundi raised its holdings in Johnson Controls International by 157.2% during the first quarter. Amundi now owns 5,965,212 shares of the company’s stock worth $781,145,000 after purchasing an additional 3,646,047 shares in the last quarter. First Trust Advisors LP grew its stake in shares of Johnson Controls International by 28.3% in the 1st quarter. First Trust Advisors LP now owns 5,761,677 shares of the company’s stock worth $754,492,000 after purchasing an additional 1,270,849 shares during the last quarter. Finally, Pictet Asset Management Holding SA increased its stake in Johnson Controls International by 0.9% in the 2nd quarter. Pictet Asset Management Holding SA now owns 2,331,718 shares of the company’s stock worth $340,501,000 after purchasing an additional 20,780 shares in the last quarter. 90.05% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Johnson Controls International

In related news, VP Lei Schlitz sold 23,417 shares of the company’s stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $153.07, for a total transaction of $3,584,440.19. Following the transaction, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.29% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on JCI. Wall Street Zen cut shares of Johnson Controls International from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Royal Bank Of Canada boosted their price target on Johnson Controls International from $161.00 to $165.00 and gave the company a “sector perform” rating in a research note on Wednesday. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Johnson Controls International in a research note on Wednesday, October 7th. The Goldman Sachs Group lifted their price objective on Johnson Controls International from $186.00 to $191.00 and gave the stock a “buy” rating in a research note on Wednesday, September 30th. Finally, Citigroup increased their price objective on shares of Johnson Controls International from $157.00 to $170.00 and gave the stock a “neutral” rating in a research report on Monday, October 12th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $163.05.

Johnson Controls International Stock Performance

Shares of JCI traded down $2.44 during midday trading on Friday, reaching $145.19. 3,531,430 shares of the stock were exchanged, compared to its average volume of 3,357,160. The company has a quick ratio of 0.83, a current ratio of 1.00 and a debt-to-equity ratio of 0.61. Johnson Controls International plc has a twelve month low of $107.77 and a twelve month high of $160.41. The stock’s 50 day simple moving average is $147.36 and its 200 day simple moving average is $143.66. The company has a market cap of $87.95 billion, a P/E ratio of 25.25, a PEG ratio of 1.10 and a beta of 1.27.

Johnson Controls International (NYSE:JCI) last issued its quarterly earnings results on Thursday, July 30th. The company reported $1.42 earnings per share (EPS) for the quarter, beating 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 business had revenue of $6.61 billion during the quarter, compared to analysts’ expectations of $6.46 billion. During the same period in the previous year, the company posted $1.05 earnings per share. The firm’s revenue for the quarter was up 9.3% compared to the same quarter last year. On average, sell-side analysts expect that Johnson Controls International plc will post 5.08 earnings per share for the current year.

Johnson Controls International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 16th. Shareholders of record on Monday, September 21st were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Monday, September 21st. Johnson Controls International’s dividend payout ratio is presently 27.83%.

Johnson Controls International Profile

Johnson Controls International plc (NYSE: JCI) is a global provider of building technology, products and services. The company helps commercial, institutional and industrial customers improve building performance, energy efficiency, safety and occupant comfort through integrated solutions.

Its offerings include heating, ventilation and air-conditioning systems; building automation and controls; fire detection and suppression equipment; security systems; energy management technologies; and related service, maintenance and digital solutions.