Johnson Controls International plc $JCI Stock Holdings Cut by Allspring Global Investments Holdings LLC

Key Points

• Allspring Global Investments cut its Johnson Controls stake by 3.2% in the third quarter, selling 43,313 shares; it retained 1.32 million shares valued at about $200.9 million.
• Johnson Controls reported quarterly EPS of $1.66, beating the $1.59 consensus estimate, while revenue rose 10.4% year over year to $7.11 billion.
• Analysts have a consensus “Moderate Buy” rating and an average price target of $166.86; the company’s annualized dividend is $1.60 per share, yielding about 1.2%.

Allspring Global Investments Holdings LLC cut its holdings in shares of Johnson Controls International plc (NYSE:JCI - Free Report) by 3.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,323,396 shares of the company's stock after selling 43,313 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.22% of Johnson Controls International worth $200,852,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in JCI. State Street Corp lifted its stake in shares of Johnson Controls International by 2.2% during the 2nd quarter. State Street Corp now owns 28,283,873 shares of the company's stock valued at $4,143,674,000 after buying an additional 621,319 shares in the last quarter. Amundi boosted its holdings in Johnson Controls International by 157.2% in the 1st quarter. Amundi now owns 5,965,212 shares of the company's stock worth $781,145,000 after buying an additional 3,646,047 shares during the period. First Trust Advisors LP boosted its holdings in Johnson Controls International by 28.3% in the 1st quarter. First Trust Advisors LP now owns 5,761,677 shares of the company's stock worth $754,492,000 after buying an additional 1,270,849 shares during the period. Pictet Asset Management Holding SA boosted its holdings in Johnson Controls International by 0.9% in the 2nd quarter. Pictet Asset Management Holding SA now owns 2,331,718 shares of the company's stock worth $340,501,000 after buying an additional 20,780 shares during the period. Finally, Hsbc Holdings PLC grew its stake in Johnson Controls International by 702.5% in the 1st quarter. Hsbc Holdings PLC now owns 1,962,770 shares of the company's stock valued at $256,820,000 after buying an additional 1,718,179 shares in the last quarter. 90.05% of the stock is owned by hedge funds and other institutional investors.

Johnson Controls International Price Performance

Shares of NYSE:JCI opened at $134.78 on Monday. The company has a 50 day moving average of $147.11 and a 200 day moving average of $141.47. The company has a current ratio of 0.90, a quick ratio of 0.75 and a debt-to-equity ratio of 0.55. The stock has a market cap of $81.64 billion, a P/E ratio of 28.80, a P/E/G ratio of 1.25 and a beta of 1.27. Johnson Controls International plc has a 12 month low of $108.41 and a 12 month high of $160.41.

Johnson Controls International (NYSE:JCI - Get Free Report) last posted its earnings results on Tuesday, October 27th. The company reported $1.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.59 by $0.07. Johnson Controls International had a net margin of 11.12% and a return on equity of 23.38%. The business had revenue of $7.11 billion for the quarter, compared to analysts' expectations of $7.04 billion. During the same period in the prior year, the company posted $1.26 EPS. The business's revenue for the quarter was up 10.4% compared to the same quarter last year. As a group, sell-side analysts forecast that Johnson Controls International plc will post 6.29 EPS for the current fiscal year.

Johnson Controls International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 16th. Shareholders of record on Monday, September 21st were issued a $0.40 dividend. The ex-dividend date of this dividend was Monday, September 21st. This represents a $1.60 annualized dividend and a dividend yield of 1.2%. Johnson Controls International's dividend payout ratio (DPR) is presently 34.19%.

Wall Street Analysts Forecast Growth

JCI has been the topic of a number of analyst reports. Robert W. Baird boosted their target price on shares of Johnson Controls International from $162.00 to $172.00 and gave the company a "neutral" rating in a report on Wednesday, October 28th. Zacks Research lowered Johnson Controls International from a "strong-buy" rating to a "hold" rating in a report on Thursday, August 6th. Royal Bank Of Canada raised their price target on Johnson Controls International from $161.00 to $165.00 and gave the stock a "sector perform" rating in a report on Wednesday, October 14th. Deutsche Bank Aktiengesellschaft reduced their price target on Johnson Controls International from $180.00 to $178.00 and set a "buy" rating for the company in a research report on Wednesday, September 30th. Finally, UBS Group reiterated a "buy" rating on shares of Johnson Controls International in a research note on Wednesday, October 28th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $166.86.

Insider Buying and Selling at Johnson Controls International

In other Johnson Controls International news, Director Juergen Tinggren sold 4,000 shares of the firm's stock in a transaction dated Wednesday, October 28th. The stock was sold at an average price of $159.19, for a total value of $636,760.00. Following the sale, the director owned 27,236 shares of the company's stock, valued at $4,335,698.84. This trade represents a 12.81% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.29% of the stock is currently owned by insiders.

Johnson Controls International Profile

Johnson Controls International plc develops building technologies, products and services for commercial, industrial and institutional customers. Its offerings include heating, ventilation and air conditioning (HVAC) equipment, building automation and controls, fire detection and suppression systems, and security solutions. The company also provides maintenance, modernization and other services to help customers manage building operations.

Its products and services support facilities such as offices, hospitals, schools, data centers and manufacturing sites.

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