Vanguard Group Inc. Has $2.55 Billion Stock Holdings in Johnson Controls International PLC (NYSE:JCI)

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Vanguard Group Inc. trimmed its position in Johnson Controls International PLC (NYSE:JCI) by 11.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 61,688,770 shares of the company’s stock after selling 7,870,086 shares during the period. Vanguard Group Inc. owned approximately 7.75% of Johnson Controls International worth $2,548,363,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Kavar Capital Partners LLC acquired a new stake in shares of Johnson Controls International in the 2nd quarter valued at approximately $32,000. Hudock Capital Group LLC raised its position in shares of Johnson Controls International by 2,231.4% in the 2nd quarter. Hudock Capital Group LLC now owns 816 shares of the company’s stock valued at $33,000 after acquiring an additional 781 shares during the period. Trustcore Financial Services LLC raised its position in shares of Johnson Controls International by 227.3% in the 2nd quarter. Trustcore Financial Services LLC now owns 946 shares of the company’s stock valued at $39,000 after acquiring an additional 657 shares during the period. Brand Asset Management Group Inc. increased its stake in Johnson Controls International by 567.0% during the 2nd quarter. Brand Asset Management Group Inc. now owns 1,194 shares of the company’s stock worth $49,000 after purchasing an additional 1,015 shares in the last quarter. Finally, Coastal Capital Group Inc. bought a new stake in Johnson Controls International during the 2nd quarter worth approximately $57,000. Institutional investors and hedge funds own 91.78% of the company’s stock.

A number of analysts recently issued reports on JCI shares. Zacks Investment Research raised Johnson Controls International from a “hold” rating to a “buy” rating and set a $44.00 target price for the company in a research note on Monday, July 1st. JPMorgan Chase & Co. raised Johnson Controls International from an “underweight” rating to a “neutral” rating and increased their target price for the stock from $31.00 to $35.00 in a research note on Monday, July 8th. ValuEngine cut Johnson Controls International from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Citigroup started coverage on Johnson Controls International in a research note on Wednesday, June 5th. They set a “buy” rating and a $45.00 target price for the company. Finally, Barclays started coverage on Johnson Controls International in a research note on Wednesday, June 12th. They set an “equal weight” rating and a $39.00 target price for the company. Six research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $39.22.

In other news, VP Robert M. Vanhimbergen sold 1,700 shares of the firm’s stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $42.99, for a total transaction of $73,083.00. Following the completion of the transaction, the vice president now directly owns 18,324 shares of the company’s stock, valued at approximately $787,748.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Jeffrey M. Williams sold 70,762 shares of the firm’s stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $41.59, for a total transaction of $2,942,991.58. Following the transaction, the vice president now directly owns 234,236 shares of the company’s stock, valued at $9,741,875.24. The disclosure for this sale can be found here. Insiders have sold a total of 237,805 shares of company stock valued at $10,135,630 over the last ninety days. Company insiders own 0.50% of the company’s stock.

NYSE JCI traded up $0.09 during trading hours on Thursday, reaching $44.20. 172,390 shares of the company’s stock were exchanged, compared to its average volume of 4,197,983. The company’s 50-day moving average is $42.47 and its two-hundred day moving average is $39.53. Johnson Controls International PLC has a one year low of $28.30 and a one year high of $44.50. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.19 and a current ratio of 1.41. The company has a market capitalization of $34.78 billion, a price-to-earnings ratio of 15.62, a price-to-earnings-growth ratio of 2.32 and a beta of 0.93.

Johnson Controls International (NYSE:JCI) last issued its quarterly earnings results on Wednesday, July 31st. The company reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.02. The company had revenue of $6.45 billion during the quarter, compared to analysts’ expectations of $6.33 billion. Johnson Controls International had a net margin of 22.38% and a return on equity of 9.02%. The business’s quarterly revenue was up 2.7% on a year-over-year basis. During the same period last year, the business earned $0.81 EPS. Research analysts predict that Johnson Controls International PLC will post 1.95 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 4th. Stockholders of record on Monday, September 16th will be paid a dividend of $0.26 per share. The ex-dividend date of this dividend is Friday, September 13th. This represents a $1.04 annualized dividend and a dividend yield of 2.35%. Johnson Controls International’s dividend payout ratio is currently 36.75%.

About Johnson Controls International

Johnson Controls International plc operates as a diversified technology and multi industrial company worldwide. The company operates through Building Technologies & Solutions and Power Solutions segments. The company designs, sells, installs, and services heating, ventilating, and air conditioning systems, controls systems, integrated electronic security systems, and integrated fire detection and suppression systems for commercial, industrial, retail, small business, institutional, and governmental customers; and energy efficiency solutions and technical services, including inspection, scheduled maintenance, and repair and replacement of mechanical and control systems, to non-residential building and industrial applications.

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Institutional Ownership by Quarter for Johnson Controls International (NYSE:JCI)

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