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Johnson Controls International plc (NYSE:JCI) Shares Sold by Chevy Chase Trust Holdings LLC

Johnson Controls International logo with Construction background

Chevy Chase Trust Holdings LLC lowered its position in Johnson Controls International plc (NYSE:JCI - Free Report) by 1.2% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 346,675 shares of the company's stock after selling 4,327 shares during the period. Chevy Chase Trust Holdings LLC owned approximately 0.05% of Johnson Controls International worth $27,772,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Jackson Hole Capital Partners LLC grew its holdings in shares of Johnson Controls International by 0.7% in the 4th quarter. Jackson Hole Capital Partners LLC now owns 18,621 shares of the company's stock worth $1,470,000 after acquiring an additional 127 shares during the period. SeaCrest Wealth Management LLC grew its holdings in Johnson Controls International by 2.7% during the 1st quarter. SeaCrest Wealth Management LLC now owns 5,060 shares of the company's stock valued at $405,000 after buying an additional 135 shares during the last quarter. Abacus Planning Group Inc. grew its holdings in Johnson Controls International by 5.2% during the 1st quarter. Abacus Planning Group Inc. now owns 2,714 shares of the company's stock valued at $217,000 after buying an additional 135 shares during the last quarter. HighPoint Advisor Group LLC grew its holdings in Johnson Controls International by 1.8% during the 4th quarter. HighPoint Advisor Group LLC now owns 8,852 shares of the company's stock valued at $699,000 after buying an additional 154 shares during the last quarter. Finally, Exchange Traded Concepts LLC grew its holdings in Johnson Controls International by 10.6% during the 1st quarter. Exchange Traded Concepts LLC now owns 1,722 shares of the company's stock valued at $138,000 after buying an additional 165 shares during the last quarter. Institutional investors and hedge funds own 90.05% of the company's stock.

Johnson Controls International Trading Up 0.6%

Shares of JCI traded up $0.65 during trading hours on Friday, hitting $105.09. The stock had a trading volume of 4,955,223 shares, compared to its average volume of 4,309,873. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.81 and a current ratio of 0.96. The firm has a market cap of $69.15 billion, a P/E ratio of 28.02, a P/E/G ratio of 2.30 and a beta of 1.33. The company's fifty day simple moving average is $96.04 and its 200 day simple moving average is $86.27. Johnson Controls International plc has a 12-month low of $64.31 and a 12-month high of $105.89.

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

Johnson Controls International declared that its board has approved a stock repurchase plan 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 shares through open market purchases. Shares repurchase plans are usually a sign that the company's board of directors believes its stock is undervalued.

Johnson Controls International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 18th. Investors of record on Monday, June 23rd will be given a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 1.41%. The ex-dividend date of this dividend is Monday, June 23rd. Johnson Controls International's dividend payout ratio (DPR) is currently 39.47%.

Insider Buying and Selling

In other Johnson Controls International news, VP Anuruddha Rathninde sold 15,000 shares of the firm's stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $103.13, for a total value of $1,546,950.00. Following the transaction, the vice president now directly owns 42,574 shares of the company's stock, valued at $4,390,656.62. This trade represents a 26.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Nathan D. Manning sold 1,422 shares of the firm's stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $79.72, for a total value of $113,361.84. Following the completion of the transaction, the vice president now directly owns 145,502 shares in the company, valued at $11,599,419.44. This trade represents a 0.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 147,555 shares of company stock valued at $13,669,414. 0.54% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have commented on JCI. Wells Fargo & Company increased their target price on Johnson Controls International from $100.00 to $130.00 and gave the company an "overweight" rating in a report on Wednesday, June 4th. JPMorgan Chase & Co. increased their target price on Johnson Controls International from $81.00 to $98.00 and gave the company an "overweight" rating in a report on Friday, May 16th. Deutsche Bank Aktiengesellschaft upgraded Johnson Controls International from a "hold" rating to a "buy" rating and increased their target price for the company from $101.00 to $112.00 in a report on Monday, May 12th. Vertical Research upgraded Johnson Controls International from a "hold" rating to a "buy" rating and set a $105.00 target price on the stock in a report on Thursday, May 8th. Finally, Oppenheimer lowered Johnson Controls International from an "outperform" rating to a "market perform" rating in a research note on Friday, June 20th. Nine equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $97.88.

Get Our Latest Analysis on JCI

About Johnson Controls International

(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.

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

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