Calamos Advisors LLC Sells 32,413 Shares of Johnson Controls International plc $JCI

Calamos Advisors LLC lessened its stake in shares of Johnson Controls International plc (NYSE:JCI) by 9.9% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 294,726 shares of the company’s stock after selling 32,413 shares during the period. Calamos Advisors LLC’s holdings in Johnson Controls International were worth $43,062,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of JCI. Mcguire Capital Advisors Inc. bought a new stake in shares of Johnson Controls International in the 4th quarter worth about $27,000. Twin Tree Management LP boosted its position in shares of Johnson Controls International by 140.9% during the fourth quarter. Twin Tree Management LP now owns 260 shares of the company’s stock valued at $31,000 after buying an additional 895 shares during the period. SJS Investment Consulting Inc. grew its stake in shares of Johnson Controls International by 747.1% during the first quarter. SJS Investment Consulting Inc. now owns 288 shares of the company’s stock valued at $38,000 after buying an additional 254 shares during the last quarter. Axiom Investment Management LLC purchased a new stake in shares of Johnson Controls International in the second quarter worth approximately $41,000. Finally, Kemnay Advisory Services Inc. purchased a new stake in shares of Johnson Controls International in the fourth quarter worth approximately $47,000. 90.05% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Johnson Controls International

In other Johnson Controls International news, VP Lei Zhang Schlitz sold 23,417 shares of the stock in a transaction 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 sale, the vice president owned 15,017 shares of the company’s stock, valued at approximately $2,298,652.19. This trade represents a 60.93% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Todd M. Grabowski sold 1,800 shares of Johnson Controls International stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $146.20, for a total value of $263,160.00. Following the completion of 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.29% of the company’s stock.

Johnson Controls International Stock Performance

JCI stock opened at $153.73 on Friday. Johnson Controls International plc has a 1-year low of $103.07 and a 1-year high of $157.06. The business has a 50-day moving average price of $144.91 and a 200 day moving average price of $139.75. The company has a market capitalization of $93.12 billion, a P/E ratio of 26.74, a PEG ratio of 1.46 and a beta of 1.31. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.00 and a quick ratio of 0.83.

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

Johnson Controls International Announces Dividend

The firm also recently disclosed 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 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend was Monday, June 15th. Johnson Controls International’s dividend payout ratio (DPR) is presently 27.83%.

Wall Street Analyst Weigh In

JCI has been the topic of several research analyst reports. Zacks Research downgraded Johnson Controls International from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 6th. Wells Fargo & Company boosted their target price on shares of Johnson Controls International from $145.00 to $160.00 and gave the company an “overweight” rating in a research note on Thursday, May 7th. The Goldman Sachs Group upped their price target on shares of Johnson Controls International from $169.00 to $178.00 and gave the stock a “buy” rating in a report on Tuesday, June 2nd. Sanford C. Bernstein boosted their price objective on shares of Johnson Controls International from $173.00 to $190.00 and gave the company an “outperform” rating in a research report on Friday. Finally, Morgan Stanley upped their target price on shares of Johnson Controls International from $140.00 to $175.00 and gave the stock an “overweight” rating in a research note on Tuesday, June 9th. Twelve research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $155.50.

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.