Johnson Controls International plc (NYSE:JCI) Shares Sold by Haverford Trust Co

Haverford Trust Co reduced its position in Johnson Controls International plc (NYSE:JCI) by 2.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 291,639 shares of the company’s stock after selling 7,031 shares during the quarter. Haverford Trust Co’s holdings in Johnson Controls International were worth $16,810,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Fisher Asset Management LLC grew its holdings in shares of Johnson Controls International by 4.8% in the fourth quarter. Fisher Asset Management LLC now owns 13,528,240 shares of the company’s stock valued at $779,768,000 after purchasing an additional 618,120 shares in the last quarter. Invesco Ltd. grew its stake in shares of Johnson Controls International by 4.7% in the third quarter. Invesco Ltd. now owns 13,063,227 shares of the company’s stock worth $695,094,000 after acquiring an additional 588,724 shares in the last quarter. Northern Trust Corp increased its position in shares of Johnson Controls International by 6.2% during the third quarter. Northern Trust Corp now owns 7,065,473 shares of the company’s stock worth $375,954,000 after acquiring an additional 415,056 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Johnson Controls International by 20.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 5,103,672 shares of the company’s stock worth $294,179,000 after acquiring an additional 853,783 shares during the period. Finally, abrdn plc raised its stake in shares of Johnson Controls International by 1.7% in the third quarter. abrdn plc now owns 4,638,378 shares of the company’s stock valued at $246,808,000 after acquiring an additional 79,543 shares in the last quarter. 90.05% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Johnson Controls International

In related news, Director Juergen Tinggren sold 4,000 shares of the company’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $62.31, for a total value of $249,240.00. Following the completion of the sale, the director now owns 30,120 shares in the company, valued at approximately $1,876,777.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Johnson Controls International news, COO Nathan D. Manning sold 3,000 shares of the stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $62.86, for a total transaction of $188,580.00. Following the completion of the sale, the chief operating officer now directly owns 106,891 shares of the company’s stock, valued at approximately $6,719,168.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Juergen Tinggren sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $62.31, for a total value of $249,240.00. Following the completion of the transaction, the director now directly owns 30,120 shares in the company, valued at approximately $1,876,777.20. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 17,272 shares of company stock worth $1,108,229. Insiders own 0.69% of the company’s stock.

Johnson Controls International Stock Up 1.1 %

NYSE:JCI traded up $0.76 during midday trading on Friday, hitting $69.03. 5,002,744 shares of the company were exchanged, compared to its average volume of 5,632,830. The company has a current ratio of 0.87, a quick ratio of 0.65 and a debt-to-equity ratio of 0.44. Johnson Controls International plc has a fifty-two week low of $47.90 and a fifty-two week high of $70.43. The company has a market capitalization of $46.50 billion, a PE ratio of 27.95, a price-to-earnings-growth ratio of 1.75 and a beta of 1.23. The company has a fifty day simple moving average of $64.40 and a 200 day simple moving average of $58.27.

Johnson Controls International (NYSE:JCI) last posted its earnings results on Wednesday, May 1st. The company reported $0.78 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.03. The business had revenue of $6.70 billion for the quarter, compared to analysts’ expectations of $7.51 billion. Johnson Controls International had a return on equity of 13.21% and a net margin of 6.32%. The business’s revenue was down 6.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.75 earnings per share. As a group, equities analysts anticipate that Johnson Controls International plc will post 3.59 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, April 19th. Stockholders of record on Monday, March 25th were issued a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 2.14%. The ex-dividend date was Friday, March 22nd. Johnson Controls International’s payout ratio is currently 59.92%.

Analysts Set New Price Targets

Several research analysts recently commented on JCI shares. Argus cut Johnson Controls International from a “buy” rating to a “hold” rating in a research note on Tuesday, February 20th. Mizuho lowered shares of Johnson Controls International from a “buy” rating to a “neutral” rating and set a $62.00 target price on the stock. in a research note on Friday, February 23rd. Barclays reduced their target price on shares of Johnson Controls International from $61.00 to $59.00 and set an “equal weight” rating on the stock in a report on Thursday, May 2nd. UBS Group cut 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. Finally, Oppenheimer dropped their price objective on shares of Johnson Controls International from $71.00 to $70.00 and set an “outperform” rating on the stock in a research report on Thursday, May 2nd. One analyst has rated the stock with a sell rating, ten have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $63.00.

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.