Johnson Controls International plc $JCI Shares Sold by Royal London Asset Management Ltd.

Royal London Asset Management Ltd. trimmed its position in shares of Johnson Controls International plc (NYSE:JCI) by 2.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 303,820 shares of the company’s stock after selling 6,430 shares during the quarter. Royal London Asset Management Ltd. owned approximately 0.05% of Johnson Controls International worth $44,391,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Natural Investments LLC grew its position in Johnson Controls International by 2.5% during the second quarter. Natural Investments LLC now owns 3,008 shares of the company’s stock valued at $439,000 after buying an additional 72 shares during the period. Baron Wealth Management LLC raised its position in shares of Johnson Controls International by 1.6% in the second quarter. Baron Wealth Management LLC now owns 4,705 shares of the company’s stock worth $687,000 after acquiring an additional 75 shares during the period. Diversify Wealth Management LLC raised its position in shares of Johnson Controls International by 2.0% in the second quarter. Diversify Wealth Management LLC now owns 3,868 shares of the company’s stock worth $555,000 after acquiring an additional 76 shares during the period. Resonant Capital Advisors LLC raised its position in shares of Johnson Controls International by 1.5% in the second quarter. Resonant Capital Advisors LLC now owns 5,063 shares of the company’s stock worth $742,000 after acquiring an additional 77 shares during the period. Finally, Fourth Dimension Wealth LLC boosted its stake in shares of Johnson Controls International by 51.3% during the 2nd quarter. Fourth Dimension Wealth LLC now owns 230 shares of the company’s stock worth $34,000 after acquiring an additional 78 shares in the last quarter. 90.05% of the stock is currently owned by institutional investors and hedge funds.

Johnson Controls International Stock Performance

JCI opened at $139.33 on Friday. The company has a quick ratio of 0.83, a current ratio of 1.00 and a debt-to-equity ratio of 0.61. The company has a market cap of $84.40 billion, a price-to-earnings ratio of 24.23, a PEG ratio of 1.34 and a beta of 1.31. Johnson Controls International plc has a 52-week low of $103.82 and a 52-week high of $157.06. The firm’s fifty day simple moving average is $144.93 and its two-hundred day simple moving average is $141.23.

Johnson Controls International (NYSE:JCI) last announced its earnings results on Thursday, July 30th. The company reported $1.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.30 by $0.12. Johnson Controls International had a net margin of 14.32% and a return on equity of 22.11%. The business had revenue of $6.61 billion for the quarter, compared to analyst estimates of $6.46 billion. During the same quarter last year, the business earned $1.05 earnings per share. The company’s revenue for the quarter was up 9.3% compared to the same quarter last year. Equities analysts anticipate that Johnson Controls International plc will post 5.08 earnings per share for the current fiscal year.

Johnson Controls International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 10th. Investors of record on Monday, June 15th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.1%. The ex-dividend date was Monday, June 15th. Johnson Controls International’s payout ratio is presently 27.83%.

Analyst Upgrades and Downgrades

JCI has been the topic of a number of analyst reports. The Goldman Sachs Group raised their target price on Johnson Controls International from $169.00 to $178.00 and gave the company a “buy” rating in a research report on Tuesday, June 2nd. Oppenheimer reaffirmed a “market perform” rating on shares of Johnson Controls International in a report on Tuesday, June 2nd. Argus set a $175.00 price target on Johnson Controls International in a research report on Friday, August 7th. Morgan Stanley raised their price objective on Johnson Controls International from $140.00 to $175.00 and gave the company an “overweight” rating in a report on Tuesday, June 9th. Finally, JPMorgan Chase & Co. boosted their price objective on Johnson Controls International from $158.00 to $162.00 in a research report on Thursday, May 7th. Twelve investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $155.50.

Insider Activity at Johnson Controls International

In other news, VP Todd M. Grabowski sold 1,800 shares of the firm’s stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $146.20, for a total value of $263,160.00. Following the transaction, the vice president owned 26,215 shares in the company, valued at $3,832,633. This trade represents a 6.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Lei Zhang Schlitz sold 23,417 shares of Johnson Controls International stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $153.07, for a total value of $3,584,440.19. Following the completion of the sale, the vice president directly owned 15,017 shares in the company, valued at $2,298,652.19. This represents a 60.93% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.29% of the stock is currently owned by insiders.

About Johnson Controls International

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.