Adams Diversified Equity Fund Inc. Sells 61,700 Shares of Johnson Controls International plc $JCI

Adams Diversified Equity Fund Inc. cut its stake in Johnson Controls International plc (NYSE:JCI) by 31.0% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 137,300 shares of the company’s stock after selling 61,700 shares during the period. Adams Diversified Equity Fund Inc.’s holdings in Johnson Controls International were worth $17,979,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in JCI. Maseco LLP raised its position in Johnson Controls International by 102.9% in the 4th quarter. Maseco LLP now owns 211 shares of the company’s stock worth $25,000 after purchasing an additional 107 shares during the period. Mcguire Capital Advisors Inc. bought a new position in shares of Johnson Controls International during the fourth quarter valued at about $27,000. Roxbury Financial LLC increased its holdings in shares of Johnson Controls International by 71.9% in the fourth quarter. Roxbury Financial LLC now owns 239 shares of the company’s stock worth $29,000 after buying an additional 100 shares during the period. Twin Tree Management LP increased its holdings in shares of Johnson Controls International by 140.9% in the fourth quarter. Twin Tree Management LP now owns 260 shares of the company’s stock worth $31,000 after buying an additional 895 shares during the period. Finally, YANKCOM Partnership bought a new stake in shares of Johnson Controls International in the 4th quarter valued at about $34,000. Institutional investors own 90.05% of the company’s stock.

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 stock was sold at an average price of $140.99, for a total transaction of $12,521,180.91. Following the sale, the vice president directly owned 57,059 shares in the company, valued at approximately $8,044,748.41. This trade represents a 60.88% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible 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 stock was 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 directly owned 26,215 shares of the company’s stock, valued at approximately $3,832,633. The trade was a 6.43% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 0.29% of the company’s stock.

Wall Street Analyst Weigh In

JCI has been the subject of several analyst reports. UBS Group increased their target price on Johnson Controls International from $170.00 to $180.00 and gave the company a “buy” rating in a report on Tuesday, June 2nd. HSBC lifted their price target on Johnson Controls International from $127.00 to $136.00 in a research note on Thursday, May 7th. BNP Paribas Exane assumed coverage on Johnson Controls International in a research note on Tuesday, April 14th. They set an “underperform” rating and a $120.00 price objective for the company. Wells Fargo & Company upped their price target on shares of Johnson Controls International from $145.00 to $160.00 and gave the company an “overweight” rating in a report on Thursday, May 7th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Johnson Controls International in a report on Tuesday, June 9th. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Johnson Controls International presently has an average rating of “Moderate Buy” and an average target price of $152.85.

Johnson Controls International Stock Down 4.7%

NYSE:JCI opened at $138.62 on Friday. 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 firm has a market cap of $84.57 billion, a P/E ratio of 24.80, a P/E/G ratio of 1.49 and a beta of 1.32. Johnson Controls International plc has a fifty-two week low of $102.09 and a fifty-two week high of $149.38. The firm has a 50-day simple moving average of $141.69 and a two-hundred day simple moving average of $132.76.

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

Johnson Controls International Dividend Announcement

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

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.