Allspring Global Investments Holdings LLC lowered its stake in Johnson Controls International plc (NYSE:JCI – Free Report) by 52.6% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 213,968 shares of the company’s stock after selling 237,012 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Johnson Controls International were worth $12,885,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its stake in Johnson Controls International by 0.4% in the 3rd quarter. Vanguard Group Inc. now owns 59,771,308 shares of the company’s stock valued at $2,941,944,000 after acquiring an additional 224,570 shares during the period. Geode Capital Management LLC boosted its stake in Johnson Controls International by 2.0% during the 4th quarter. Geode Capital Management LLC now owns 12,026,982 shares of the company’s stock worth $768,094,000 after purchasing an additional 235,853 shares during the last quarter. Morgan Stanley boosted its stake in Johnson Controls International by 40.7% during the 4th quarter. Morgan Stanley now owns 9,990,590 shares of the company’s stock worth $639,398,000 after purchasing an additional 2,890,395 shares during the last quarter. Putnam Investments LLC boosted its stake in Johnson Controls International by 12.1% during the 4th quarter. Putnam Investments LLC now owns 8,773,275 shares of the company’s stock worth $561,490,000 after purchasing an additional 943,599 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in Johnson Controls International by 19.5% during the 3rd quarter. Bank of New York Mellon Corp now owns 6,669,416 shares of the company’s stock worth $328,269,000 after purchasing an additional 1,089,054 shares during the last quarter. Institutional investors and hedge funds own 88.49% of the company’s stock.
Insider Buying and Selling at Johnson Controls International
In other Johnson Controls International news, VP John Donofrio sold 14,253 shares of Johnson Controls International stock in a transaction dated Tuesday, May 9th. The stock was sold at an average price of $63.02, for a total value of $898,224.06. Following the completion of the transaction, the vice president now directly owns 37,090 shares of the company’s stock, valued at approximately $2,337,411.80. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, VP John Donofrio sold 14,253 shares of the business’s stock in a transaction dated Tuesday, May 9th. The stock was sold at an average price of $63.02, for a total transaction of $898,224.06. Following the completion of the transaction, the vice president now directly owns 37,090 shares of the company’s stock, valued at $2,337,411.80. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Olivier Leonetti sold 30,997 shares of the business’s stock in a transaction dated Monday, May 8th. The stock was sold at an average price of $62.36, for a total value of $1,932,972.92. Following the transaction, the chief financial officer now directly owns 101,757 shares of the company’s stock, valued at $6,345,566.52. The disclosure for this sale can be found here. 0.71% of the stock is currently owned by corporate insiders.
Wall Street Analysts Forecast Growth
Johnson Controls International Stock Up 1.2 %
Shares of JCI opened at $68.14 on Friday. The firm has a market cap of $46.75 billion, a P/E ratio of 33.90, a price-to-earnings-growth ratio of 1.39 and a beta of 1.22. Johnson Controls International plc has a 12-month low of $45.52 and a 12-month high of $69.60. The company’s 50-day moving average price is $62.66 and its 200 day moving average price is $62.92. The company has a current ratio of 1.03, a quick ratio of 0.78 and a debt-to-equity ratio of 0.46.
Johnson Controls International (NYSE:JCI – Free Report) last released its earnings results on Friday, May 5th. The company reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.02. The company had revenue of $6.69 billion during the quarter, compared to the consensus estimate of $6.51 billion. Johnson Controls International had a return on equity of 13.07% and a net margin of 5.33%. Johnson Controls International’s revenue was up 9.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.63 EPS. On average, sell-side analysts forecast that Johnson Controls International plc will post 3.57 earnings per share for the current year.
Johnson Controls International Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, July 14th. Shareholders of record on Tuesday, June 20th will be given a $0.37 dividend. This is an increase from Johnson Controls International’s previous quarterly dividend of $0.36. This represents a $1.48 annualized dividend and a yield of 2.17%. The ex-dividend date of this dividend is Friday, June 16th. Johnson Controls International’s payout ratio is currently 73.63%.
Johnson Controls International Company 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.
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