13,588 Johnson Controls International plc $JCI Shares Sold by Cornerstone Enterprises LLC

Cornerstone Enterprises LLC cut its stake in Johnson Controls International plc (NYSE:JCI) by 77.7% in the 3rd quarter, Holdings Channel reports. The fund owned 3,908 shares of the company’s stock after selling 13,588 shares during the quarter. Cornerstone Enterprises LLC’s holdings in Johnson Controls International were worth $581,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. V Square Quantitative Management LLC increased its stake in Johnson Controls International by 3.5% in the third quarter. V Square Quantitative Management LLC now owns 15,997 shares of the company’s stock valued at $2,378,000 after acquiring an additional 544 shares during the last quarter. AdvisorNet Financial Inc raised its position in Johnson Controls International by 1.6% during the third quarter. AdvisorNet Financial Inc now owns 31,499 shares of the company’s stock valued at $4,802,000 after purchasing an additional 483 shares in the last quarter. Harrell Investment Partners LLC lifted its stake in Johnson Controls International by 0.7% during the third quarter. Harrell Investment Partners LLC now owns 44,908 shares of the company’s stock worth $6,676,000 after purchasing an additional 309 shares during the last quarter. Community Financial Services Group LLC lifted its stake in Johnson Controls International by 18.3% during the third quarter. Community Financial Services Group LLC now owns 581 shares of the company’s stock worth $88,000 after purchasing an additional 90 shares during the last quarter. Finally, HBW Advisory Services LLC lifted its stake in Johnson Controls International by 3.8% during the third quarter. HBW Advisory Services LLC now owns 2,483 shares of the company’s stock worth $369,000 after purchasing an additional 91 shares during the last quarter. Institutional investors own 90.05% of the company’s stock.

Johnson Controls International Price Performance

JCI stock opened at $147.46 on Friday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.83 and a current ratio of 1.00. Johnson Controls International plc has a 52 week low of $107.77 and a 52 week high of $160.41. The firm’s fifty day moving average is $147.50 and its 200 day moving average is $143.64. The firm has a market cap of $89.32 billion, a P/E ratio of 25.65, a P/E/G ratio of 1.14 and a beta of 1.27.

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

Johnson Controls International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 16th. Stockholders of record on Monday, September 21st will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Monday, September 21st. Johnson Controls International’s dividend payout ratio (DPR) is 27.83%.

Insider Activity at Johnson Controls International

In other news, VP Lei Schlitz sold 23,417 shares of Johnson Controls International stock in a transaction dated 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 transaction, the vice president owned 15,017 shares in the company, valued at approximately $2,298,652.19. The trade was a 60.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.29% of the company’s stock.

Wall Street Analysts Forecast Growth

JCI has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft cut their price objective on Johnson Controls International from $180.00 to $178.00 and set a “buy” rating for the company in a report on Wednesday, September 30th. Bank of America raised their price objective on Johnson Controls International from $152.00 to $175.00 and gave the company a “buy” rating in a report on Thursday, October 8th. Citigroup boosted their target price on Johnson Controls International from $157.00 to $170.00 and gave the stock a “neutral” rating in a research report on Monday. Wells Fargo & Company started coverage on Johnson Controls International in a research report on Thursday, September 24th. They issued an “overweight” rating and a $186.00 target price for the company. Finally, Weiss Ratings raised Johnson Controls International from a “buy (b)” rating to a “buy (a)” rating in a research note on Thursday, October 8th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $163.05.

Johnson Controls International Profile

Johnson Controls International plc (NYSE: JCI) is a global provider of building technology, products and services. The company helps commercial, institutional and industrial customers improve building performance, energy efficiency, safety and occupant comfort through integrated solutions.

Its offerings include heating, ventilation and air-conditioning systems; building automation and controls; fire detection and suppression equipment; security systems; energy management technologies; and related service, maintenance and digital solutions.