Johnson Controls International plc (NYSE:JCI) Position Trimmed by Park Place Capital Corp

Park Place Capital Corp decreased its holdings in shares of Johnson Controls International plc (NYSE:JCI) by 16.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,068 shares of the company’s stock after selling 204 shares during the quarter. Park Place Capital Corp’s holdings in Johnson Controls International were worth $71,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the stock. RPG Investment Advisory LLC raised its position in shares of Johnson Controls International by 19.3% during the 4th quarter. RPG Investment Advisory LLC now owns 196,559 shares of the company’s stock worth $11,330,000 after buying an additional 31,759 shares in the last quarter. United Services Automobile Association boosted its position in shares of Johnson Controls International by 7.9% in the fourth quarter. United Services Automobile Association now owns 20,376 shares of the company’s stock worth $1,174,000 after buying an additional 1,490 shares during the period. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of Johnson Controls International by 27.6% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 79,840 shares of the company’s stock worth $4,602,000 after purchasing an additional 17,263 shares during the period. RWA Wealth Partners LLC acquired a new position in shares of Johnson Controls International in the fourth quarter worth $14,231,000. Finally, International Assets Investment Management LLC bought a new stake in shares of Johnson Controls International in the 4th quarter valued at approximately $2,774,000. Institutional investors own 90.05% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on JCI shares. Oppenheimer upped their price target on Johnson Controls International from $70.00 to $76.00 and gave the stock an “outperform” rating in a research note on Thursday, June 27th. Royal Bank of Canada boosted their price target on shares of Johnson Controls International from $54.00 to $61.00 and gave the company an “underperform” rating in a report on Thursday. Barclays dropped their target price on shares of Johnson Controls International from $62.00 to $61.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 10th. Robert W. Baird lifted their price objective on Johnson Controls International from $72.00 to $78.00 and gave the company a “neutral” rating in a research report on Thursday. Finally, Citigroup upped their target price on shares of Johnson Controls International from $59.00 to $68.00 and gave the stock a “neutral” rating in a research report on Monday, April 8th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $67.69.

Johnson Controls International Trading Down 4.1 %

NYSE:JCI traded down $2.91 on Friday, reaching $67.42. The company’s stock had a trading volume of 10,348,378 shares, compared to its average volume of 4,792,278. Johnson Controls International plc has a 1-year low of $47.90 and a 1-year high of $75.36. The business’s 50-day moving average price is $69.25 and its two-hundred day moving average price is $64.46. The firm has a market cap of $45.04 billion, a PE ratio of 27.30, a PEG ratio of 1.72 and a beta of 1.28. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.65 and a current ratio of 0.96.

Johnson Controls International (NYSE:JCI) last released its earnings results on Wednesday, July 31st. The company reported $1.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.08 by $0.06. Johnson Controls International had a return on equity of 13.64% and a net margin of 6.02%. The firm had revenue of $7.23 billion during the quarter, compared to analysts’ expectations of $7.53 billion. During the same quarter in the prior year, the company earned $1.03 EPS. The company’s revenue was up 1.4% on a year-over-year basis. Equities research analysts anticipate that Johnson Controls International plc will post 3.67 earnings per share for the current fiscal year.

Johnson Controls International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 19th. Shareholders of record on Monday, June 24th were paid a $0.37 dividend. 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 59.92%.

Insiders Place Their Bets

In other news, COO Nathan D. Manning sold 1,167 shares of the company’s stock in a transaction that occurred 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 sale, the chief operating officer now owns 103,866 shares in the company, valued at approximately $7,344,364.86. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, COO Nathan D. Manning sold 1,167 shares of the business’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $70.71, for a total transaction of $82,518.57. Following the transaction, the chief operating officer now directly owns 103,866 shares in the company, valued at approximately $7,344,364.86. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Daniel C. Mcconeghy sold 9,342 shares of the firm’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $65.50, for a total transaction of $611,901.00. Following the completion of the sale, the vice president now owns 25,378 shares of the company’s stock, valued at $1,662,259. The disclosure for this sale can be found here. Insiders sold a total of 19,048 shares of company stock valued at $1,234,530 in the last quarter. 0.69% of the stock is currently owned by insiders.

Johnson Controls International Company Profile

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.