Pitcairn Co. Sells 304 Shares of Johnson Controls International plc (NYSE:JCI)

Pitcairn Co. lowered its stake in Johnson Controls International plc (NYSE:JCI) by 8.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,446 shares of the company’s stock after selling 304 shares during the quarter. Pitcairn Co.’s holdings in Johnson Controls International were worth $225,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. National Bank of Canada FI lifted its holdings in shares of Johnson Controls International by 179.2% in the first quarter. National Bank of Canada FI now owns 1,568,286 shares of the company’s stock worth $102,864,000 after acquiring an additional 1,006,524 shares during the last quarter. Lake Street Advisors Group LLC raised its holdings in Johnson Controls International by 21.1% in the 1st quarter. Lake Street Advisors Group LLC now owns 5,151 shares of the company’s stock valued at $338,000 after buying an additional 899 shares during the last quarter. Bessemer Group Inc. raised its holdings in Johnson Controls International by 10.8% in the 1st quarter. Bessemer Group Inc. now owns 10,146 shares of the company’s stock valued at $663,000 after buying an additional 989 shares during the last quarter. O Shaughnessy Asset Management LLC raised its holdings in Johnson Controls International by 29.1% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 39,436 shares of the company’s stock valued at $2,576,000 after buying an additional 8,897 shares during the last quarter. Finally, Rockport Wealth LLC bought a new position in Johnson Controls International in the 1st quarter valued at approximately $256,000. Institutional investors own 90.05% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. Citigroup raised their price target on shares of Johnson Controls International from $59.00 to $68.00 and gave the stock a “neutral” rating in a report on Monday, April 8th. Barclays lowered their price target on shares of Johnson Controls International from $62.00 to $61.00 and set an “equal weight” rating for the company in a report on Wednesday, July 10th. UBS Group lowered shares of Johnson Controls International from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $74.00 to $68.00 in a report on Monday, May 6th. Robert W. Baird raised their price target on shares of Johnson Controls International from $62.00 to $72.00 and gave the stock a “neutral” rating in a report on Monday, July 15th. Finally, Oppenheimer raised their price target on shares of Johnson Controls International from $70.00 to $76.00 and gave the stock an “outperform” rating in a report on Thursday, June 27th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $65.23.

Insider Buying and Selling

In related news, Director Juergen Tinggren sold 4,000 shares of the business’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $62.31, for a total value of $249,240.00. Following the transaction, the director now directly owns 30,120 shares of the company’s stock, valued at approximately $1,876,777.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, Director Juergen Tinggren sold 4,000 shares of the business’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $62.31, for a total value of $249,240.00. Following the transaction, the director now directly owns 30,120 shares of the company’s stock, valued at approximately $1,876,777.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Daniel C. Mcconeghy sold 9,342 shares of the company’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $65.50, for a total transaction of $611,901.00. Following the sale, the vice president now directly owns 25,378 shares in the company, valued at $1,662,259. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 18,067 shares of company stock valued at $1,163,404. 0.69% of the stock is owned by insiders.

Johnson Controls International Stock Performance

NYSE JCI opened at $66.71 on Friday. Johnson Controls International plc has a 1 year low of $47.90 and a 1 year high of $74.23. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.87 and a quick ratio of 0.65. The firm has a market cap of $44.94 billion, a price-to-earnings ratio of 27.01, a PEG ratio of 1.68 and a beta of 1.28. The company has a fifty day moving average price of $69.57 and a 200-day moving average price of $63.80.

Johnson Controls International (NYSE:JCI) last posted its earnings results on Wednesday, May 1st. The company reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.03. Johnson Controls International had a net margin of 6.32% and a return on equity of 13.21%. The firm had revenue of $6.70 billion during the quarter, compared to analyst estimates of $7.51 billion. During the same quarter in the prior year, the business posted $0.75 EPS. The business’s revenue was down 6.1% compared to the same quarter last year. As a group, equities research analysts predict that Johnson Controls International plc will post 3.57 EPS for the current fiscal year.

Johnson Controls International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 19th. Investors of record on Monday, June 24th were issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.22%. The ex-dividend date of this dividend was Monday, June 24th. Johnson Controls International’s dividend payout ratio (DPR) is currently 59.92%.

Johnson Controls International 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.