Calamos Advisors LLC Sells 32,413 Shares of Johnson Controls International plc $JCI

Key Points

• Calamos Advisors reduced its Johnson Controls position by 9.9%, selling 32,413 shares in the second quarter and retaining 294,726 shares valued at approximately $43.1 million. Institutional investors collectively own 90.05% of the stock.
• Analyst sentiment remains mixed: 12 analysts rate JCI a Buy, 10 a Hold and one a Sell, producing a consensus “Hold” rating and average price target of $155.50. Bernstein raised its target to $190, while JPMorgan and Citigroup made smaller upward revisions.
• Johnson Controls exceeded quarterly expectations, reporting adjusted EPS of $1.42 versus the $1.30 consensus and revenue of $6.61 billion, up 9.3% year over year. The company also maintains a quarterly dividend of $0.40 per share, or a 1.0% annualized yield.

Calamos Advisors LLC trimmed its position in Johnson Controls International plc (NYSE:JCI - Free Report) by 9.9% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 294,726 shares of the company's stock after selling 32,413 shares during the period. Calamos Advisors LLC's holdings in Johnson Controls International were worth $43,062,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Mcguire Capital Advisors Inc. bought a new position in shares of Johnson Controls International in the 4th quarter worth approximately $27,000. Twin Tree Management LP grew its position in Johnson Controls International by 140.9% during the fourth quarter. Twin Tree Management LP now owns 260 shares of the company's stock valued at $31,000 after buying an additional 895 shares during the period. SJS Investment Consulting Inc. increased its holdings in Johnson Controls International by 747.1% during the first quarter. SJS Investment Consulting Inc. now owns 288 shares of the company's stock valued at $38,000 after buying an additional 254 shares during the last quarter. Axiom Investment Management LLC bought a new position in Johnson Controls International in the second quarter worth approximately $41,000. Finally, Kemnay Advisory Services Inc. purchased a new position in shares of Johnson Controls International during the 4th quarter worth $47,000. 90.05% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently commented on JCI. Sanford C. Bernstein upped their price objective on Johnson Controls International from $173.00 to $190.00 and gave the stock an "outperform" rating in a research note on Friday. Weiss Ratings reissued a "buy (b)" rating on shares of Johnson Controls International in a report on Tuesday, June 9th. JPMorgan Chase & Co. upped their price target on Johnson Controls International from $158.00 to $162.00 in a research report on Thursday, May 7th. Citigroup raised their price objective on Johnson Controls International from $155.00 to $157.00 and gave the stock a "neutral" rating in a research note on Thursday, July 30th. Finally, Oppenheimer reiterated a "market perform" rating on shares of Johnson Controls International in a research note on Tuesday, June 2nd. Twelve research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Johnson Controls International presently has a consensus rating of "Hold" and an average target price of $155.50.

Insider Activity

In other Johnson Controls International news, VP Todd M. Grabowski sold 1,800 shares of the stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $146.20, for a total transaction of $263,160.00. Following the completion of the transaction, the vice president owned 26,215 shares in the company, valued at $3,832,633. This trade represents a 6.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Lei Zhang Schlitz sold 23,417 shares of the stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $153.07, for a total transaction of $3,584,440.19. Following the transaction, the vice president owned 15,017 shares of the company's stock, valued at $2,298,652.19. This trade represents a 60.93% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 0.29% of the company's stock.

Johnson Controls International Price Performance

Shares of Johnson Controls International stock opened at $153.73 on Friday. The company has a market capitalization of $93.12 billion, a price-to-earnings ratio of 26.74, a PEG ratio of 1.46 and a beta of 1.31. The company has a quick ratio of 0.83, a current ratio of 1.00 and a debt-to-equity ratio of 0.61. The stock's 50-day simple moving average is $144.91 and its 200-day simple moving average is $139.75. Johnson Controls International plc has a 52 week low of $103.07 and a 52 week high of $157.06.

Johnson Controls International (NYSE:JCI - Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The company reported $1.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.30 by $0.12. The firm had revenue of $6.61 billion for the quarter, compared to analysts' expectations of $6.46 billion. Johnson Controls International had a net margin of 14.32% and a return on equity of 22.11%. The company's revenue for the quarter was up 9.3% compared to the same quarter last year. During the same quarter last year, the business posted $1.05 earnings per share. As a group, analysts expect that Johnson Controls International plc will post 5.08 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, July 10th. Stockholders of record on Monday, June 15th were given a dividend of $0.40 per share. The ex-dividend date was Monday, June 15th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.0%. Johnson Controls International's dividend payout ratio (DPR) is presently 27.83%.

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.

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