Johnson Controls International plc $JCI Shares Sold by Amundi

Key Points

• Amundi cut its Johnson Controls position by 35.6% in the second quarter, selling 2.12 million shares and retaining 3.84 million shares valued at approximately $561.7 million. Institutional investors collectively own 90.05% of the company.
• Analyst sentiment is mixed: Goldman Sachs raised its price target to $178 with a “buy” rating, while Zacks downgraded the stock to “hold.” The consensus rating is “Hold,” with a price target of $155.75.
• Johnson Controls exceeded quarterly expectations, reporting $1.42 in EPS versus the $1.30 estimate and $6.61 billion in revenue, up 9.3% year over year.

Amundi lowered its position in shares of Johnson Controls International plc (NYSE:JCI - Free Report) by 35.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,844,203 shares of the company's stock after selling 2,121,009 shares during the quarter. Amundi owned 0.63% of Johnson Controls International worth $561,675,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Mcguire Capital Advisors Inc. bought a new stake in Johnson Controls International in the fourth quarter worth approximately $27,000. NBH Bank acquired a new position in Johnson Controls International during the 2nd quarter valued at $29,000. Twin Tree Management LP lifted its position in shares of Johnson Controls International by 140.9% in the 4th quarter. Twin Tree Management LP now owns 260 shares of the company's stock worth $31,000 after acquiring an additional 895 shares during the period. Fourth Dimension Wealth LLC boosted its position in shares of Johnson Controls International by 51.3% during the 2nd quarter. Fourth Dimension Wealth LLC now owns 230 shares of the company's stock valued at $34,000 after acquiring an additional 78 shares in the last quarter. Finally, First Bancorp Inc ME bought a new stake in Johnson Controls International in the second quarter valued at $34,000. 90.05% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, VP Todd M. Grabowski sold 1,800 shares of Johnson Controls International stock in a transaction that occurred 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 directly owned 26,215 shares in the company, valued at approximately $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 accessible through the SEC website. Also, VP Lei Schlitz sold 23,417 shares of the business's stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $153.07, for a total transaction of $3,584,440.19. Following the completion of the transaction, the vice president owned 15,017 shares of the company's stock, valued at approximately $2,298,652.19. The trade was a 60.93% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.29% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on JCI shares. The Goldman Sachs Group lifted their target price on Johnson Controls International from $169.00 to $178.00 and gave the company a "buy" rating in a research note on Tuesday, June 2nd. Argus set a $175.00 target price on shares of Johnson Controls International in a report on Friday, August 7th. Oppenheimer restated a "market perform" rating on shares of Johnson Controls International in a research note on Tuesday, June 2nd. Zacks Research lowered Johnson Controls International from a "strong-buy" rating to a "hold" rating in a research note on Thursday, August 6th. Finally, Wolfe Research reaffirmed an "outperform" rating and issued a $171.00 price objective on shares of Johnson Controls International in a report on Wednesday, June 3rd. Twelve research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Johnson Controls International has a consensus rating of "Hold" and a consensus price target of $155.75.

Johnson Controls International Stock Down 0.0%

Shares of NYSE:JCI opened at $144.87 on Monday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.83 and a current ratio of 1.00. The business's 50 day simple moving average is $144.69 and its two-hundred day simple moving average is $141.30. The firm has a market cap of $87.75 billion, a P/E ratio of 25.19, a PEG ratio of 1.39 and a beta of 1.29. Johnson Controls International plc has a 52-week low of $104.03 and a 52-week high of $157.06.

Johnson Controls International (NYSE:JCI - Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The company reported $1.42 EPS for the quarter, topping the consensus estimate of $1.30 by $0.12. The business had revenue of $6.61 billion for 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 company's revenue for the quarter was up 9.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.05 earnings per share. As a group, research analysts forecast that Johnson Controls International plc will post 5.08 EPS for the current fiscal year.

Johnson Controls International Company 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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