Johnson Controls International plc $JCI Shares Sold by Patton Fund Management Inc.

Patton Fund Management Inc. lowered its stake in Johnson Controls International plc (NYSE:JCI) by 63.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 19,626 shares of the company’s stock after selling 33,373 shares during the quarter. Patton Fund Management Inc.’s holdings in Johnson Controls International were worth $2,570,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. State Street Corp lifted its stake in shares of Johnson Controls International by 0.6% in the 3rd quarter. State Street Corp now owns 28,684,645 shares of the company’s stock worth $3,165,286,000 after acquiring an additional 163,167 shares during the period. Franklin Resources Inc. boosted its holdings in shares of Johnson Controls International by 3.3% in the fourth quarter. Franklin Resources Inc. now owns 22,655,105 shares of the company’s stock valued at $2,712,949,000 after acquiring an additional 718,245 shares in the last quarter. Fisher Asset Management LLC boosted its holdings in shares of Johnson Controls International by 1.7% in the fourth quarter. Fisher Asset Management LLC now owns 17,239,953 shares of the company’s stock valued at $2,064,485,000 after acquiring an additional 280,704 shares in the last quarter. Invesco Ltd. increased its stake in shares of Johnson Controls International by 13.0% during the fourth 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 during the period. Finally, Norges Bank acquired a new position in shares of Johnson Controls International during the fourth quarter valued at approximately $927,739,000. Institutional investors and hedge funds own 90.05% of the company’s stock.

Insider Activity

In other news, VP Todd M. Grabowski sold 1,800 shares of the company’s stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $146.20, for a total value of $263,160.00. Following the transaction, the vice president owned 26,215 shares in the company, valued at $3,832,633. This represents a 6.43% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Lei Zhang Schlitz sold 88,809 shares of the company’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $140.99, for a total value of $12,521,180.91. Following the completion of the transaction, the vice president owned 57,059 shares in the company, valued at $8,044,748.41. This represents a 60.88% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.29% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. BNP Paribas Exane assumed coverage on Johnson Controls International in a research report on Tuesday, April 14th. They issued an “underperform” rating and a $120.00 target price for the company. Weiss Ratings reiterated a “buy (b)” rating on shares of Johnson Controls International in a research report on Tuesday, June 9th. Mizuho boosted their price objective on Johnson Controls International from $130.00 to $140.00 and gave the stock a “neutral” rating in a research note on Thursday, May 7th. Robert W. Baird upped their price objective on Johnson Controls International from $132.00 to $148.00 and gave the company a “neutral” rating in a report on Monday, April 27th. Finally, Zacks Research upgraded Johnson Controls International from a “hold” rating to a “strong-buy” rating in a report on Thursday. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $152.85.

Johnson Controls International Trading Up 0.2%

NYSE JCI opened at $138.62 on Monday. Johnson Controls International plc has a twelve month low of $102.09 and a twelve month high of $149.38. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.85 and a current ratio of 1.04. The stock has a market cap of $84.57 billion, a price-to-earnings ratio of 24.80, a PEG ratio of 1.49 and a beta of 1.33. The firm’s 50 day moving average price is $141.69 and its two-hundred day moving average price is $132.89.

Johnson Controls International (NYSE:JCI) last released its earnings results on Tuesday, March 31st. The company reported $1.19 earnings per share (EPS) for the quarter. The company had revenue of $6.14 billion during the quarter. Johnson Controls International had a return on equity of 19.50% and a net margin of 14.45%. Equities analysts anticipate that Johnson Controls International plc will post 4.89 EPS for the current year.

Johnson Controls International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Monday, June 15th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Monday, June 15th. Johnson Controls International’s payout ratio is presently 28.62%.

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.