Handelsbanken Fonder AB Has $4.50 Million Position in Johnson Controls International plc (NYSE:JCI)

Handelsbanken Fonder AB cut its holdings in shares of Johnson Controls International plc (NYSE:JCI - Free Report) by 6.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 56,195 shares of the company's stock after selling 3,929 shares during the period. Handelsbanken Fonder AB's holdings in Johnson Controls International were worth $4,502,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Jackson Hole Capital Partners LLC lifted its stake in Johnson Controls International by 0.7% during the fourth quarter. Jackson Hole Capital Partners LLC now owns 18,621 shares of the company's stock valued at $1,470,000 after purchasing an additional 127 shares during the last quarter. SeaCrest Wealth Management LLC lifted its stake in Johnson Controls International by 2.7% during the first quarter. SeaCrest Wealth Management LLC now owns 5,060 shares of the company's stock valued at $405,000 after purchasing an additional 135 shares during the last quarter. Abacus Planning Group Inc. lifted its stake in Johnson Controls International by 5.2% during the first quarter. Abacus Planning Group Inc. now owns 2,714 shares of the company's stock valued at $217,000 after purchasing an additional 135 shares during the last quarter. Catalyst Financial Partners LLC lifted its stake in Johnson Controls International by 4.8% during the fourth quarter. Catalyst Financial Partners LLC now owns 3,154 shares of the company's stock valued at $249,000 after purchasing an additional 144 shares during the last quarter. Finally, Avidian Wealth Enterprises LLC lifted its position in shares of Johnson Controls International by 4.6% in the 4th quarter. Avidian Wealth Enterprises LLC now owns 3,427 shares of the company's stock valued at $270,000 after acquiring an additional 150 shares in the last quarter. 90.05% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Johnson Controls International

In other Johnson Controls International news, VP Anuruddha Rathninde sold 15,000 shares of the business's stock in a transaction dated Friday, June 6th. The shares were 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 in the company, valued at $4,390,656.62. The trade was a 26.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Nathan D. Manning sold 1,422 shares of the business's stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $86.91, for a total transaction of $123,586.02. Following the completion of the transaction, the vice president now owns 144,704 shares in the company, valued at approximately $12,576,224.64. 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 90 days, insiders have sold 147,555 shares of company stock worth $13,669,414. 0.54% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research analysts have weighed in on JCI shares. UBS Group reiterated a "buy" rating and issued a $116.00 price objective (up previously from $103.00) on shares of Johnson Controls International in a research note on Thursday, May 22nd. Oppenheimer upped their price objective on shares of Johnson Controls International from $90.00 to $96.00 and gave the company an "outperform" rating in a research note on Thursday, May 8th. Citigroup dropped their price target on shares of Johnson Controls International from $95.00 to $85.00 and set a "neutral" rating on the stock in a research note on Monday, April 14th. Royal Bank of Canada increased their price target on shares of Johnson Controls International from $82.00 to $98.00 and gave the stock a "sector perform" rating in a research note on Thursday, May 8th. Finally, Vertical Research upgraded shares of Johnson Controls International from a "hold" rating to a "buy" rating and set a $105.00 price target on the stock in a research note on Thursday, May 8th. Eight equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $97.88.

Johnson Controls International Stock Performance

NYSE:JCI traded down $1.80 during midday trading on Friday, reaching $101.80. The stock had a trading volume of 5,424,562 shares, compared to its average volume of 4,299,961. Johnson Controls International plc has a 1-year low of $64.31 and a 1-year high of $104.15. The firm's fifty day simple moving average is $90.70 and its 200-day simple moving average is $84.87. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.02 and a quick ratio of 0.86. The stock has a market capitalization of $66.99 billion, a P/E ratio of 38.86, a PEG ratio of 1.96 and a beta of 1.33.

Johnson Controls International (NYSE:JCI - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.05. Johnson Controls International had a net margin of 6.83% and a return on equity of 15.11%. The company had revenue of $5.68 billion for the quarter, compared to the consensus estimate of $5.64 billion. During the same quarter in the previous year, the firm posted $0.78 EPS. The business's revenue was up 1.4% compared to the same quarter last year. On average, 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 of Directors has initiated a share buyback program on Friday, June 13th that authorizes the company to buyback $9.00 billion in outstanding shares. This buyback authorization authorizes the company to repurchase up to 13.4% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's management believes its shares are undervalued.

Johnson Controls International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 18th. Stockholders of record on Monday, June 23rd will be issued a dividend of $0.37 per share. The ex-dividend date of this dividend is Monday, June 23rd. This represents a $1.48 annualized dividend and a dividend yield of 1.45%. Johnson Controls International's payout ratio is 39.47%.

Johnson Controls International Profile

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.