Raiffeisen Bank International AG Sells 124,829 Shares of Johnson Controls International plc $JCI

Raiffeisen Bank International AG cut its holdings in shares of Johnson Controls International plc (NYSE:JCI) by 35.1% in the 2nd quarter, HoldingsChannel reports. The firm owned 230,836 shares of the company’s stock after selling 124,829 shares during the quarter. Raiffeisen Bank International AG’s holdings in Johnson Controls International were worth $32,426,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in the business. Abacus Wealth Partners LLC purchased a new stake in shares of Johnson Controls International during the 4th quarter worth approximately $1,233,000. North Dakota State Investment Board purchased a new position in Johnson Controls International in the fourth quarter valued at approximately $2,712,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new position in Johnson Controls International during the fourth quarter valued at $16,426,000. Rokos Capital Management LLP bought a new position in Johnson Controls International during the first quarter valued at $45,833,000. Finally, Catalyst Funds Management Pty Ltd increased its position in Johnson Controls International by 536.4% in the fourth quarter. Catalyst Funds Management Pty Ltd now owns 21,000 shares of the company’s stock worth $2,515,000 after buying an additional 17,700 shares during the last quarter. 90.05% of the stock is currently owned by institutional investors.

Johnson Controls International Trading Up 2.1%

Shares of JCI opened at $142.20 on Friday. The business’s 50-day moving average price is $144.56 and its 200-day moving average price is $141.26. Johnson Controls International plc has a twelve month low of $104.03 and a twelve month high of $157.06. The stock has a market cap of $86.14 billion, a PE ratio of 24.73, a P/E/G ratio of 1.34 and a beta of 1.29. The company has a quick ratio of 0.83, a current ratio of 1.00 and a debt-to-equity ratio of 0.61.

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

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Zacks Research cut Johnson Controls International from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 6th. Wolfe Research reissued an “outperform” rating and issued a $171.00 price objective on shares of Johnson Controls International in a report on Wednesday, June 3rd. Argus set a $175.00 price objective on shares of Johnson Controls International in a report on Friday, August 7th. Mizuho increased their target price on shares of Johnson Controls International from $130.00 to $140.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Finally, UBS Group reiterated a “buy” rating on shares of Johnson Controls International in a research note on Thursday, July 30th. Twelve equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $155.75.

Insiders Place Their Bets

In related news, VP Lei Schlitz sold 23,417 shares of Johnson Controls International stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $153.07, for a total transaction of $3,584,440.19. Following the completion of the sale, the vice president owned 15,017 shares of the company’s stock, valued at approximately $2,298,652.19. This trade represents 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 the SEC website. Also, VP Todd M. Grabowski sold 1,800 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at approximately $3,832,633. The trade was a 6.43% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.29% of the stock is owned by insiders.

Johnson Controls International Profile

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.