Johnson Controls International plc (NYSE:JCI) Shares Sold by Cambridge Trust Co.

Cambridge Trust Co. cut its holdings in Johnson Controls International plc (NYSE:JCI) by 11.1% during the 1st quarter, Holdings Channel.com reports. The fund owned 1,500 shares of the company’s stock after selling 187 shares during the quarter. Cambridge Trust Co.’s holdings in Johnson Controls International were worth $98,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. boosted its stake in shares of Johnson Controls International by 17.3% during the 4th quarter. Vanguard Group Inc. now owns 71,387,169 shares of the company’s stock worth $4,114,756,000 after acquiring an additional 10,522,009 shares in the last quarter. Capital World Investors boosted its position in shares of Johnson Controls International by 85.5% in the 1st quarter. Capital World Investors now owns 14,142,736 shares of the company’s stock valued at $923,804,000 after purchasing an additional 6,520,580 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Johnson Controls International by 95.9% in the 1st quarter. Bank of New York Mellon Corp now owns 12,760,120 shares of the company’s stock valued at $833,491,000 after purchasing an additional 6,247,250 shares during the period. Norges Bank purchased a new position in Johnson Controls International in the 4th quarter worth about $316,400,000. Finally, Clean Energy Transition LLP acquired a new stake in Johnson Controls International during the 4th quarter worth about $124,553,000. 90.05% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Johnson Controls International

In other Johnson Controls International news, VP Daniel C. Mcconeghy sold 9,342 shares of the business’s stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $65.50, for a total value 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Johnson Controls International news, VP Daniel C. Mcconeghy sold 9,342 shares of the stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $65.50, for a total transaction of $611,901.00. Following the transaction, the vice president now owns 25,378 shares in the company, valued at $1,662,259. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Juergen Tinggren sold 4,000 shares of the business’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $62.31, for a total transaction of $249,240.00. Following the completion of the sale, the director now owns 30,120 shares of the company’s stock, valued at $1,876,777.20. The disclosure for this sale can be found here. In the last 90 days, insiders sold 19,048 shares of company stock valued at $1,234,530. Insiders own 0.69% of the company’s stock.

Johnson Controls International Stock Down 4.1 %

JCI stock traded down $2.91 during mid-day trading on Friday, hitting $67.42. The 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 company has a fifty day moving average of $69.25 and a 200 day moving average of $64.39. The company has a current ratio of 0.96, a quick ratio of 0.65 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $45.04 billion, a price-to-earnings ratio of 27.30, a PEG ratio of 1.79 and a beta of 1.28.

Johnson Controls International (NYSE:JCI) last announced its quarterly earnings results on Wednesday, July 31st. The company reported $1.14 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 quarterly revenue was up 1.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.03 EPS. On average, 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 declared a quarterly dividend, which was paid on Friday, July 19th. Stockholders of record on Monday, June 24th were issued a dividend of $0.37 per share. The ex-dividend date was Monday, June 24th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.20%. Johnson Controls International’s dividend payout ratio is currently 59.92%.

Analyst Upgrades and Downgrades

Several brokerages have commented on JCI. The Goldman Sachs Group raised their target price on shares of Johnson Controls International from $73.00 to $81.00 and gave the stock a “buy” rating in a report on Friday. Oppenheimer raised their price objective on shares of Johnson Controls International from $70.00 to $76.00 and gave the stock an “outperform” rating in a research note on Thursday, June 27th. UBS Group downgraded shares of Johnson Controls International from a “buy” rating to a “neutral” rating and cut their target price for the company from $74.00 to $68.00 in a research note on Monday, May 6th. Wells Fargo & Company increased their target price on Johnson Controls International from $75.00 to $80.00 and gave the company an “overweight” rating in a report on Thursday. Finally, StockNews.com upgraded Johnson Controls International from a “hold” rating to a “buy” rating in a report on Friday. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $67.69.

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.