Harrington Investments INC Lowers Stake in Johnson Controls International plc (NYSE:JCI)

Harrington Investments INC cut its holdings in Johnson Controls International plc (NYSE:JCI) by 1.2% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 16,706 shares of the company’s stock after selling 197 shares during the quarter. Harrington Investments INC’s holdings in Johnson Controls International were worth $1,338,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Compass Financial Services Inc acquired a new stake in shares of Johnson Controls International during the fourth quarter worth $26,000. SBI Securities Co. Ltd. acquired a new stake in Johnson Controls International in the fourth quarter valued at $29,000. Crowley Wealth Management Inc. acquired a new stake in shares of Johnson Controls International in the fourth quarter valued at about $42,000. Gables Capital Management Inc. grew its position in Johnson Controls International by 132.0% during the fourth quarter. Gables Capital Management Inc. now owns 580 shares of the company’s stock worth $46,000 after buying an additional 330 shares during the period. Finally, Flagship Wealth Advisors LLC acquired a new position in Johnson Controls International during the fourth quarter worth about $48,000. 90.05% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Johnson Controls International news, VP Anuruddha Rathninde sold 15,000 shares of the business’s stock in a transaction on Friday, June 6th. The stock was sold at an average price of $103.13, for a total transaction of $1,546,950.00. Following the completion of the transaction, the vice president now owns 42,574 shares in the company, valued at approximately $4,390,656.62. The trade was a 26.05% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director George Oliver sold 184,331 shares of Johnson Controls International stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $79.49, for a total transaction of $14,652,471.19. Following the sale, the director now owns 1,019,562 shares in the company, valued at approximately $81,044,983.38. This represents a 15.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 347,555 shares of company stock valued at $29,536,076. 0.54% of the stock is currently owned by insiders.

Johnson Controls International Price Performance

JCI stock opened at $103.81 on Friday. The company has a quick ratio of 0.86, a current ratio of 1.02 and a debt-to-equity ratio of 0.50. The stock’s 50 day moving average is $87.90 and its two-hundred day moving average is $84.19. The company has a market capitalization of $68.31 billion, a PE ratio of 39.62, a P/E/G ratio of 1.96 and a beta of 1.33. Johnson Controls International plc has a 52-week low of $64.31 and a 52-week high of $103.84.

Johnson Controls International (NYSE:JCI) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.05. Johnson Controls International had a return on equity of 15.11% and a net margin of 6.83%. The business had revenue of $5.68 billion during the quarter, compared to the consensus estimate of $5.64 billion. During the same period last year, the firm earned $0.78 earnings per share. The company’s revenue for the quarter was up 1.4% compared to the same quarter last year. Analysts predict that Johnson Controls International plc will post 3.64 earnings per share for the current fiscal year.

Johnson Controls International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Monday, March 24th were issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 1.43%. The ex-dividend date was Monday, March 24th. Johnson Controls International’s dividend payout ratio (DPR) is presently 39.47%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Oppenheimer raised their price target on Johnson Controls International from $90.00 to $96.00 and gave the company an “outperform” rating in a research report on Thursday, May 8th. JPMorgan Chase & Co. lifted their target price on shares of Johnson Controls International from $81.00 to $98.00 and gave the stock an “overweight” rating in a research note on Friday, May 16th. Vertical Research upgraded Johnson Controls International from a “hold” rating to a “buy” rating and set a $105.00 price target for the company in a report on Thursday, May 8th. Barclays lifted their price target on shares of Johnson Controls International from $85.00 to $90.00 and gave the company an “equal weight” rating in a report on Wednesday, May 14th. Finally, Citigroup decreased their target price on Johnson Controls International from $95.00 to $85.00 and set a “neutral” rating for the company in a report on Monday, April 14th. Eight analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $97.88.

Johnson Controls International Company 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.