Johnson Controls International plc $JCI Shares Sold by Bank of Nova Scotia

Bank of Nova Scotia decreased its position in shares of Johnson Controls International plc (NYSE:JCI) by 60.8% during the 1st quarter, Holdings Channel.com reports. The fund owned 292,775 shares of the company’s stock after selling 454,528 shares during the period. Bank of Nova Scotia’s holdings in Johnson Controls International were worth $38,339,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of JCI. Norges Bank purchased a new stake in Johnson Controls International during the fourth quarter worth $927,739,000. Viking Global Investors LP raised its stake in shares of Johnson Controls International by 368.5% during the 3rd quarter. Viking Global Investors LP now owns 6,796,942 shares of the company’s stock worth $747,324,000 after buying an additional 5,346,130 shares during the last quarter. Ameriprise Financial Inc. boosted its position in shares of Johnson Controls International by 140.8% in the 2nd quarter. Ameriprise Financial Inc. now owns 4,575,414 shares of the company’s stock worth $483,281,000 after buying an additional 2,675,157 shares in the last quarter. Invesco Ltd. grew its stake in Johnson Controls International by 13.0% in the 4th 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 last quarter. Finally, Balyasny Asset Management L.P. grew its stake in Johnson Controls International by 93,932.4% in the 4th quarter. Balyasny Asset Management L.P. now owns 1,809,184 shares of the company’s stock valued at $216,650,000 after acquiring an additional 1,807,260 shares during the last quarter. Institutional investors and hedge funds own 90.05% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on JCI shares. JPMorgan Chase & Co. lifted their target price on shares of Johnson Controls International from $158.00 to $162.00 in a research report on Thursday, May 7th. Jefferies Financial Group lifted their price objective on Johnson Controls International from $125.00 to $135.00 and gave the stock a “hold” rating in a research report on Wednesday, April 15th. Wall Street Zen upgraded Johnson Controls International from a “hold” rating to a “buy” rating in a report on Sunday, May 3rd. Wolfe Research reissued an “outperform” rating and set a $171.00 price target on shares of Johnson Controls International in a research report on Wednesday, June 3rd. Finally, HSBC raised their price target on Johnson Controls International from $127.00 to $136.00 in a research report on Thursday, May 7th. Two research 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 issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $152.85.

Insider Buying and Selling at Johnson Controls International

In other Johnson Controls International news, VP Lei Zhang Schlitz sold 88,809 shares of the company’s stock in a transaction dated 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 completion of the sale, the vice president directly owned 57,059 shares in the company, valued at $8,044,748.41. This represents a 60.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, 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 sale, the vice president owned 26,215 shares of the company’s stock, valued at $3,832,633. This represents a 6.43% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 0.29% of the company’s stock.

Johnson Controls International Trading Up 0.0%

Shares of JCI stock opened at $143.35 on Friday. The firm’s 50-day simple moving average is $141.84 and its 200-day simple moving average is $136.02. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.04 and a quick ratio of 0.85. Johnson Controls International plc has a 1-year low of $102.09 and a 1-year high of $151.18. The firm has a market cap of $87.46 billion, a P/E ratio of 25.64, a PEG ratio of 1.54 and a beta of 1.31.

Johnson Controls International (NYSE:JCI) last issued its quarterly earnings results on Tuesday, March 31st. The company reported $1.19 EPS for the quarter. The firm had revenue of $6.14 billion during the quarter. Johnson Controls International had a net margin of 14.45% and a return on equity of 19.50%. As a group, equities analysts forecast that Johnson Controls International plc will post 4.9 EPS for the current year.

Johnson Controls International Announces Dividend

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

Johnson Controls International 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.