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SYM FINANCIAL Corp Takes Position in Johnson Controls International plc (NYSE:JCI)

Johnson Controls International logo with Construction background

SYM FINANCIAL Corp bought a new stake in shares of Johnson Controls International plc (NYSE:JCI - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 2,529 shares of the company's stock, valued at approximately $203,000.

A number of other large investors also recently bought and sold shares of JCI. Norges Bank purchased a new stake in shares of Johnson Controls International in the 4th quarter worth $560,549,000. Invesco Ltd. lifted its stake in shares of Johnson Controls International by 13.2% during the 4th quarter. Invesco Ltd. now owns 18,407,597 shares of the company's stock worth $1,452,912,000 after purchasing an additional 2,150,573 shares during the last quarter. Franklin Resources Inc. lifted its stake in shares of Johnson Controls International by 6.0% during the 4th quarter. Franklin Resources Inc. now owns 23,344,374 shares of the company's stock worth $1,842,571,000 after purchasing an additional 1,325,500 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of Johnson Controls International by 10,137.2% during the 1st quarter. GAMMA Investing LLC now owns 1,179,219 shares of the company's stock worth $94,467,000 after purchasing an additional 1,167,700 shares during the last quarter. Finally, Northern Trust Corp lifted its stake in shares of Johnson Controls International by 18.1% during the 4th quarter. Northern Trust Corp now owns 6,690,781 shares of the company's stock worth $528,103,000 after purchasing an additional 1,026,623 shares during the last quarter. Hedge funds and other institutional investors own 90.05% of the company's stock.

Insider Buying and Selling

In other Johnson Controls International news, Director George Oliver sold 100,000 shares of the firm's stock in a transaction on Friday, May 9th. The stock was sold at an average price of $91.70, for a total transaction of $9,170,000.00. Following the completion of the sale, the director owned 904,305 shares of the company's stock, valued at $82,924,768.50. This trade represents a 9.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Nathan D. Manning sold 1,422 shares of the firm's stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $104.82, for a total value of $149,054.04. Following the sale, the vice president directly owned 141,860 shares of the company's stock, valued at approximately $14,869,765.20. This trade represents a 0.99% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 147,555 shares of company stock worth $13,705,106. 0.54% of the stock is owned by corporate insiders.

Johnson Controls International Trading Down 0.2%

Johnson Controls International stock traded down $0.19 during trading on Thursday, reaching $109.94. 4,597,473 shares of the company were exchanged, compared to its average volume of 4,096,340. Johnson Controls International plc has a 52-week low of $64.31 and a 52-week high of $110.67. The company has a market capitalization of $72.35 billion, a P/E ratio of 29.32, a PEG ratio of 2.02 and a beta of 1.31. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.96 and a quick ratio of 0.81. The stock's 50 day simple moving average is $103.70 and its two-hundred day simple moving average is $89.71.

Johnson Controls International (NYSE:JCI - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $0.82 EPS for the quarter, topping analysts' consensus estimates of $0.77 by $0.05. Johnson Controls International had a return on equity of 15.13% and a net margin of 10.19%. The firm had revenue of $5.68 billion for the quarter, compared to the consensus estimate of $5.64 billion. During the same quarter last year, the business posted $0.78 earnings per share. The firm's revenue was up 1.4% compared to the same quarter last year. On average, equities research analysts expect that Johnson Controls International plc will post 3.64 earnings per share for the current fiscal year.

Johnson Controls International declared that its Board of Directors has approved a stock repurchase program on Friday, June 13th that authorizes the company to repurchase $9.00 billion in outstanding shares. This repurchase authorization authorizes the company to repurchase up to 13.4% of its stock through open market purchases. Stock repurchase programs are often an indication that the company's board believes its stock is undervalued.

Johnson Controls International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 18th. Investors of record on Monday, June 23rd were given a dividend of $0.37 per share. The ex-dividend date of this dividend was Monday, June 23rd. This represents a $1.48 dividend on an annualized basis and a yield of 1.35%. Johnson Controls International's payout ratio is 39.47%.

Analyst Upgrades and Downgrades

JCI has been the topic of several recent analyst reports. Jefferies Financial Group reaffirmed a "hold" rating and set a $120.00 target price on shares of Johnson Controls International in a research report on Thursday. JPMorgan Chase & Co. upped their target price on Johnson Controls International from $81.00 to $98.00 and gave the company an "overweight" rating in a research report on Friday, May 16th. Oppenheimer lowered Johnson Controls International from an "outperform" rating to a "market perform" rating in a report on Friday, June 20th. The Goldman Sachs Group increased their price objective on Johnson Controls International from $103.00 to $116.00 and gave the company a "buy" rating in a report on Tuesday, July 8th. Finally, UBS Group reaffirmed a "buy" rating and set a $116.00 target price (up from $103.00) on shares of Johnson Controls International in a report on Thursday, May 22nd. Ten research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $104.11.

Check Out Our Latest Stock Report on Johnson Controls International

Johnson Controls International Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Johnson Controls International (NYSE:JCI)

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