DekaBank Deutsche Girozentrale Has $26.86 Million Stake in Johnson Controls International plc (NYSE:JCI)

DekaBank Deutsche Girozentrale decreased its holdings in shares of Johnson Controls International plc (NYSE:JCI) by 66.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 411,597 shares of the company’s stock after selling 812,954 shares during the quarter. DekaBank Deutsche Girozentrale owned about 0.06% of Johnson Controls International worth $26,855,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Turtle Creek Wealth Advisors LLC bought a new stake in Johnson Controls International during the 4th quarter valued at approximately $25,000. Rise Advisors LLC bought a new stake in Johnson Controls International during the 1st quarter valued at approximately $25,000. EdgeRock Capital LLC bought a new stake in Johnson Controls International during the 4th quarter valued at approximately $27,000. Hexagon Capital Partners LLC boosted its stake in Johnson Controls International by 114.0% during the 4th quarter. Hexagon Capital Partners LLC now owns 503 shares of the company’s stock valued at $29,000 after purchasing an additional 268 shares during the period. Finally, DT Investment Partners LLC bought a new stake in Johnson Controls International during the 4th quarter valued at approximately $41,000. Institutional investors own 90.05% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on JCI shares. The Goldman Sachs Group raised their price objective on Johnson Controls International from $73.00 to $81.00 and gave the stock a “buy” rating in a research report on Friday. Robert W. Baird raised their price objective on Johnson Controls International from $72.00 to $78.00 and gave the stock a “neutral” rating in a research report on Thursday. Citigroup raised their price objective on Johnson Controls International from $59.00 to $68.00 and gave the stock a “neutral” rating in a research report on Monday, April 8th. StockNews.com upgraded Johnson Controls International from a “hold” rating to a “buy” rating in a research report on Friday. Finally, Wells Fargo & Company raised their price objective on Johnson Controls International from $75.00 to $80.00 and gave the stock an “overweight” rating in a research report on Thursday. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, Johnson Controls International currently has a consensus rating of “Hold” and a consensus price target of $67.69.

Insiders Place Their Bets

In other Johnson Controls International news, COO Nathan D. Manning sold 1,167 shares of the company’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $70.71, for a total transaction of $82,518.57. Following the completion of the sale, the chief operating officer now directly owns 103,866 shares in the company, valued at $7,344,364.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, COO Nathan D. Manning sold 1,167 shares of the stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $70.71, for a total value of $82,518.57. Following the completion of the sale, the chief operating officer now directly owns 103,866 shares in the company, valued at $7,344,364.86. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Nathan D. Manning sold 3,000 shares of the stock in a transaction on Monday, May 6th. The shares were sold at an average price of $62.86, for a total value of $188,580.00. Following the completion of the sale, the chief operating officer now owns 106,891 shares of the company’s stock, valued at $6,719,168.26. The disclosure for this sale can be found here. Insiders sold 19,048 shares of company stock worth $1,234,530 over the last three months. Insiders own 0.69% of the company’s stock.

Johnson Controls International Price Performance

Shares of JCI stock traded down $2.91 during trading on Friday, hitting $67.42. The company had a trading volume of 10,348,378 shares, compared to its average volume of 4,792,278. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.65 and a current ratio of 0.96. The firm has a market capitalization of $45.04 billion, a P/E ratio of 27.30, a price-to-earnings-growth ratio of 1.79 and a beta of 1.28. The stock’s 50-day moving average price is $69.25 and its 200 day moving average price is $64.39. Johnson Controls International plc has a one year low of $47.90 and a one year high of $75.36.

Johnson Controls International (NYSE:JCI) last issued its quarterly earnings results on Wednesday, July 31st. The company reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.08 by $0.06. The business had revenue of $7.23 billion during the quarter, compared to analysts’ expectations of $7.53 billion. Johnson Controls International had a return on equity of 13.64% and a net margin of 6.02%. The firm’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.03 earnings per share. Equities analysts expect that Johnson Controls International plc will post 3.67 EPS for the current fiscal year.

Johnson Controls International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 19th. Shareholders of record on Monday, June 24th were paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 2.20%. The ex-dividend date of this dividend was Monday, June 24th. Johnson Controls International’s payout ratio is presently 59.92%.

About Johnson Controls International

Johnson Controls International plc, together with its subsidiaries, engages in engineering, manufacturing, commissioning, and retrofitting building products and systems in the United States, Europe, the Asia Pacific, and internationally. It operates in four segments: Building Solutions North America, Building Solutions EMEA/LA, Building Solutions Asia Pacific, and Global Products.