Advisors Management Group Inc. ADV Cuts Stock Holdings in Johnson Controls International plc $JCI

Advisors Management Group Inc. ADV reduced its stake in Johnson Controls International plc (NYSE:JCI) by 22.4% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 17,858 shares of the company’s stock after selling 5,163 shares during the period. Advisors Management Group Inc. ADV’s holdings in Johnson Controls International were worth $2,338,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. State Street Corp boosted its stake in Johnson Controls International by 0.6% during the third quarter. State Street Corp now owns 28,684,645 shares of the company’s stock valued at $3,165,286,000 after buying an additional 163,167 shares during the last quarter. Franklin Resources Inc. increased its stake in Johnson Controls International by 3.3% in the 4th quarter. Franklin Resources Inc. now owns 22,655,105 shares of the company’s stock worth $2,712,949,000 after acquiring an additional 718,245 shares during the last quarter. Fisher Asset Management LLC raised its holdings in shares of Johnson Controls International by 1.7% during the 4th quarter. Fisher Asset Management LLC now owns 17,239,953 shares of the company’s stock worth $2,064,485,000 after acquiring an additional 280,704 shares in the last quarter. Invesco Ltd. raised its holdings in shares of Johnson Controls International by 13.0% during the 4th quarter. Invesco Ltd. now owns 16,003,486 shares of the company’s stock worth $1,916,417,000 after acquiring an additional 1,837,220 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of Johnson Controls International during the 4th quarter worth approximately $927,739,000. Institutional investors own 90.05% of the company’s stock.

Insider Activity

In other Johnson Controls International news, VP Todd M. Grabowski sold 1,800 shares of the firm’s stock in a transaction dated 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 sale, the vice president owned 26,215 shares of the company’s stock, valued at $3,832,633. This trade represents a 6.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Lei Zhang Schlitz sold 88,809 shares of the business’s stock in a transaction that occurred on 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 transaction, the vice president owned 57,059 shares of the company’s stock, valued at $8,044,748.41. This trade represents a 60.88% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.29% of the company’s stock.

Johnson Controls International Stock Up 1.7%

Shares of JCI opened at $142.95 on Friday. The company has a market cap of $87.22 billion, a PE ratio of 25.57, a P/E/G ratio of 1.50 and a beta of 1.31. The business has a fifty day moving average of $141.91 and a 200 day moving average of $134.52. Johnson Controls International plc has a 52-week low of $102.09 and a 52-week high of $151.18. The company has a quick ratio of 0.85, a current ratio of 1.04 and a debt-to-equity ratio of 0.64.

Johnson Controls International (NYSE:JCI) last posted its quarterly earnings data on Tuesday, March 31st. The company reported $1.19 EPS for the quarter. Johnson Controls International had a net margin of 14.45% and a return on equity of 19.50%. The company had revenue of $6.14 billion during the quarter. On average, sell-side analysts expect that Johnson Controls International plc will post 4.92 EPS for the current year.

Johnson Controls International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 10th. Investors of record on Monday, June 15th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Monday, June 15th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.1%. Johnson Controls International’s payout ratio is currently 28.62%.

Analyst Upgrades and Downgrades

JCI has been the subject of a number of recent research reports. Royal Bank Of Canada reissued a “sector perform” rating and issued a $154.00 target price on shares of Johnson Controls International in a report on Tuesday, June 2nd. Oppenheimer reaffirmed a “market perform” rating on shares of Johnson Controls International in a research note on Tuesday, June 2nd. Mizuho increased their price objective on shares of Johnson Controls International from $130.00 to $140.00 and gave the company a “neutral” rating in a research report on Thursday, May 7th. Weiss Ratings reissued a “buy (b)” rating on shares of Johnson Controls International in a research note on Tuesday, June 9th. Finally, BNP Paribas Exane began coverage on shares of Johnson Controls International in a report on Tuesday, April 14th. They issued an “underperform” rating and a $120.00 target price on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Johnson Controls International has a consensus rating of “Moderate Buy” and an average price target of $152.85.

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.