ABN AMRO Bank N.V. Cuts Stock Holdings in Johnson Controls International plc $JCI

ABN AMRO Bank N.V. trimmed its stake in Johnson Controls International plc (NYSE:JCI) by 29.5% during the 1st quarter, Holdings Channel reports. The firm owned 111,971 shares of the company’s stock after selling 46,824 shares during the quarter. ABN AMRO Bank N.V.’s holdings in Johnson Controls International were worth $14,784,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of JCI. State Street Corp grew its stake in 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 buying an additional 163,167 shares in the last quarter. Franklin Resources Inc. raised its position in shares of Johnson Controls International by 3.3% during the 4th quarter. Franklin Resources Inc. now owns 22,655,105 shares of the company’s stock valued at $2,712,949,000 after buying an additional 718,245 shares in the last quarter. Fisher Asset Management LLC raised its position 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 valued at $2,064,485,000 after buying an additional 280,704 shares in the last quarter. Invesco Ltd. lifted 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 during the last quarter. Finally, Norges Bank bought a new stake in shares of Johnson Controls International during the 4th quarter worth $927,739,000. 90.05% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Mizuho increased their target price on Johnson Controls International from $130.00 to $140.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. The Goldman Sachs Group lifted their price target on Johnson Controls International from $169.00 to $178.00 and gave the stock a “buy” rating in a research note on Tuesday, June 2nd. BNP Paribas Exane started coverage on Johnson Controls International in a report on Tuesday, April 14th. They issued an “underperform” rating and a $120.00 price objective for the company. Morgan Stanley increased their price objective on Johnson Controls International from $140.00 to $175.00 and gave the company an “overweight” rating in a research report on Tuesday, June 9th. Finally, Zacks Research raised Johnson Controls International from a “hold” rating to a “strong-buy” rating in a report on Thursday. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $152.85.

Johnson Controls International Trading Down 4.7%

NYSE JCI opened at $138.62 on Friday. The firm has a market cap of $84.57 billion, a PE ratio of 24.80, a price-to-earnings-growth ratio of 1.49 and a beta of 1.32. Johnson Controls International plc has a 1-year low of $102.09 and a 1-year high of $149.38. The stock has a 50-day moving average of $141.69 and a 200-day moving average of $132.76. The company has a current ratio of 1.04, a quick ratio of 0.85 and a debt-to-equity ratio of 0.64.

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

Johnson Controls International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Monday, June 15th will be issued a $0.40 dividend. The ex-dividend date is Monday, June 15th. This represents a $1.60 annualized dividend and a dividend yield of 1.2%. Johnson Controls International’s dividend payout ratio (DPR) is currently 28.62%.

Insider Buying and Selling at Johnson Controls International

In other Johnson Controls International news, VP Lei Zhang Schlitz sold 88,809 shares of the stock in a transaction on Friday, May 8th. The shares were sold at an average price of $140.99, for a total transaction of $12,521,180.91. Following the completion of the sale, the vice president owned 57,059 shares of the company’s stock, valued at $8,044,748.41. This represents a 60.88% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Todd M. Grabowski sold 1,800 shares of the firm’s stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $146.20, for a total transaction of $263,160.00. Following the completion of the sale, the vice president directly owned 26,215 shares in the company, valued at approximately $3,832,633. This trade represents a 6.43% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.29% of the stock is owned by insiders.

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.