Johnson Controls International plc $JCI Shares Sold by Alyeska Investment Group L.P.

Alyeska Investment Group L.P. trimmed its position in Johnson Controls International plc (NYSE:JCI - Free Report) by 27.8% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 611,141 shares of the company's stock after selling 235,476 shares during the quarter. Alyeska Investment Group L.P. owned 0.10% of Johnson Controls International worth $89,294,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Brighton Jones LLC purchased a new stake in Johnson Controls International during the 4th quarter worth $222,000. Acadian Asset Management LLC purchased a new position in Johnson Controls International in the first quarter valued at about $55,000. Sivia Capital Partners LLC raised its position in Johnson Controls International by 83.3% in the second quarter. Sivia Capital Partners LLC now owns 7,049 shares of the company's stock valued at $745,000 after purchasing an additional 3,203 shares during the period. Jump Financial LLC lifted its stake in shares of Johnson Controls International by 3.5% during the second quarter. Jump Financial LLC now owns 12,578 shares of the company's stock worth $1,328,000 after purchasing an additional 425 shares in the last quarter. Finally, Federated Hermes Inc. lifted its stake in shares of Johnson Controls International by 120.7% during the second quarter. Federated Hermes Inc. now owns 12,359 shares of the company's stock worth $1,305,000 after purchasing an additional 6,760 shares in the last quarter. 90.05% of the stock is owned by institutional investors and hedge funds.

Johnson Controls International Stock Performance

Johnson Controls International stock opened at $139.33 on Friday. Johnson Controls International plc has a 52 week low of $103.82 and a 52 week high of $157.06. The company has a current ratio of 1.00, a quick ratio of 0.83 and a debt-to-equity ratio of 0.61. The stock has a market cap of $84.40 billion, a P/E ratio of 24.23, a price-to-earnings-growth ratio of 1.34 and a beta of 1.31. The stock has a 50 day moving average of $144.93 and a 200-day moving average of $141.23.

Johnson Controls International (NYSE:JCI - Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The company reported $1.42 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.30 by $0.12. The business had revenue of $6.61 billion during the quarter, compared to analyst estimates of $6.46 billion. Johnson Controls International had a net margin of 14.32% and a return on equity of 22.11%. The business's revenue was up 9.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.05 earnings per share. On average, analysts expect that Johnson Controls International plc will post 5.08 EPS for the current fiscal year.

Johnson Controls International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 10th. Shareholders of record on Monday, June 15th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Monday, June 15th. Johnson Controls International's payout ratio is currently 27.83%.

Insider Buying and Selling at Johnson Controls International

In other news, VP Lei Zhang Schlitz sold 23,417 shares of the firm's stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $153.07, for a total value of $3,584,440.19. Following the transaction, the vice president directly owned 15,017 shares in the company, valued at approximately $2,298,652.19. This trade represents a 60.93% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Todd M. Grabowski sold 1,800 shares of Johnson Controls International stock in a transaction dated 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 directly owned 26,215 shares of the company's stock, valued at $3,832,633. This trade represents a 6.43% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.29% of the stock is owned by insiders.

Wall Street Analyst Weigh In

JCI has been the subject of a number of recent research reports. JPMorgan Chase & Co. increased their target price on Johnson Controls International from $158.00 to $162.00 in a research note on Thursday, May 7th. The Goldman Sachs Group boosted their price target on Johnson Controls International from $169.00 to $178.00 and gave the stock a "buy" rating in a research report on Tuesday, June 2nd. Zacks Research cut Johnson Controls International from a "strong-buy" rating to a "hold" rating in a report on Thursday, August 6th. Barclays upped their price target on Johnson Controls International from $136.00 to $144.00 and gave the stock an "equal weight" rating in a report on Thursday, May 7th. Finally, HSBC increased their price objective on shares of Johnson Controls International from $127.00 to $136.00 in a research report on Thursday, May 7th. Twelve research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $155.50.

About Johnson Controls International

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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