Johnson Controls International plc $JCI Stock: Sumitomo Mitsui Trust Group Inc. Decreases Stake

Sumitomo Mitsui Trust Group Inc. reduced its position in shares of Johnson Controls International plc (NYSE:JCI) by 3.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,260,265 shares of the company’s stock after selling 49,256 shares during the period. Sumitomo Mitsui Trust Group Inc. owned 0.21% of Johnson Controls International worth $187,338,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of JCI. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Johnson Controls International during the 3rd quarter valued at $29,734,000. Vise Technologies Inc. boosted its holdings in shares of Johnson Controls International by 13.7% in the 3rd quarter. Vise Technologies Inc. now owns 61,051 shares of the company’s stock worth $9,075,000 after buying an additional 7,353 shares during the last quarter. Invera Wealth Advisors LLC boosted its holdings in shares of Johnson Controls International by 0.8% in the 3rd quarter. Invera Wealth Advisors LLC now owns 13,177 shares of the company’s stock worth $1,959,000 after buying an additional 99 shares during the last quarter. Sagace Wealth Management LLC increased its holdings in Johnson Controls International by 11.1% during the third quarter. Sagace Wealth Management LLC now owns 2,427 shares of the company’s stock worth $361,000 after buying an additional 242 shares during the last quarter. Finally, Americana Partners LLC raised its position in Johnson Controls International by 3.7% in the third quarter. Americana Partners LLC now owns 9,206 shares of the company’s stock worth $1,368,000 after acquiring an additional 327 shares during the period. Institutional investors own 90.05% of the company’s stock.

Insiders Place Their Bets

In other news, Director Juergen Tinggren sold 4,000 shares of Johnson Controls International stock in a transaction on Wednesday, October 28th. The shares were sold at an average price of $159.19, for a total transaction of $636,760.00. Following the completion of the sale, the director directly owned 27,236 shares of the company’s stock, valued at approximately $4,335,698.84. The trade was a 12.81% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Lei Schlitz sold 23,417 shares of the stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $153.07, for a total value of $3,584,440.19. Following the completion of the transaction, the vice president directly owned 15,017 shares in the company, valued at approximately $2,298,652.19. This represents a 60.93% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 0.29% of the company’s stock.

Johnson Controls International Stock Down 0.1%

Shares of NYSE:JCI opened at $148.90 on Monday. The company has a market cap of $90.19 billion, a price-to-earnings ratio of 31.82, a PEG ratio of 1.17 and a beta of 1.27. Johnson Controls International plc has a one year low of $108.41 and a one year high of $160.41. The firm has a fifty day moving average price of $147.36 and a two-hundred day moving average price of $140.79. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.90 and a quick ratio of 0.75.

Johnson Controls International (NYSE:JCI) last issued its quarterly earnings results on Tuesday, October 27th. The company reported $1.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.59 by $0.07. The firm had revenue of $7.11 billion during the quarter, compared to the consensus estimate of $7.04 billion. Johnson Controls International had a return on equity of 23.38% and a net margin of 11.12%. The company’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same quarter last year, the company posted $1.26 EPS. Analysts anticipate that Johnson Controls International plc will post 6.29 EPS for the current fiscal year.

Johnson Controls International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 16th. Stockholders of record on Monday, September 21st were given a dividend of $0.40 per share. The ex-dividend date was Monday, September 21st. This represents a $1.60 annualized dividend and a dividend yield of 1.1%. Johnson Controls International’s dividend payout ratio (DPR) is 34.19%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on JCI shares. Morgan Stanley raised their price target on shares of Johnson Controls International from $175.00 to $180.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 2nd. BNP Paribas Exane upped their price target on Johnson Controls International from $130.00 to $145.00 and gave the company an “underperform” rating in a research report on Wednesday, October 28th. Evercore set a $170.00 price objective on Johnson Controls International in a report on Wednesday. Wells Fargo & Company increased their target price on shares of Johnson Controls International from $186.00 to $200.00 and gave the stock an “overweight” rating in a research report on Wednesday. Finally, Royal Bank Of Canada upped their price target on shares of Johnson Controls International from $161.00 to $165.00 and gave the company a “sector perform” rating in a research note on Wednesday, October 14th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $166.86.

Johnson Controls International Profile

Johnson Controls International plc (NYSE:JCI) is a global provider of building technology, products and services. The company helps customers design, operate and maintain efficient, healthy and secure buildings through solutions for heating, ventilation and air conditioning, building automation, energy management, fire detection and suppression, and physical security.

Its portfolio includes building controls and digital management platforms, HVAC equipment, chillers, air-handling systems, fire and security technologies, and related services.