Johnson Controls International plc (NYSE:JCI) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. decreased its stake in Johnson Controls International plc (NYSE:JCI - Free Report) by 17.8% in the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 463,837 shares of the company's stock after selling 100,782 shares during the quarter. Victory Capital Management Inc. owned about 0.07% of Johnson Controls International worth $37,158,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Cerity Partners LLC lifted its holdings in Johnson Controls International by 69.8% during the first quarter. Cerity Partners LLC now owns 113,059 shares of the company's stock worth $9,057,000 after buying an additional 46,459 shares during the period. G&S Capital LLC grew its position in shares of Johnson Controls International by 81.4% during the 1st quarter. G&S Capital LLC now owns 30,342 shares of the company's stock valued at $2,431,000 after acquiring an additional 13,612 shares during the period. GAMMA Investing LLC grew its position in shares of Johnson Controls International by 27.8% during the 1st quarter. GAMMA Investing LLC now owns 14,720 shares of the company's stock valued at $1,179,000 after acquiring an additional 3,201 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings in Johnson Controls International by 2,213.5% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 709,431 shares of the company's stock worth $57,748,000 after buying an additional 678,766 shares during the last quarter. Finally, Dynamic Advisor Solutions LLC boosted its holdings in Johnson Controls International by 22.4% in the 1st quarter. Dynamic Advisor Solutions LLC now owns 5,987 shares of the company's stock worth $480,000 after buying an additional 1,096 shares during the last quarter. Hedge funds and other institutional investors own 90.05% of the company's stock.

Johnson Controls International Stock Performance

NYSE JCI traded up $1.73 during trading hours on Wednesday, hitting $110.03. 6,925,011 shares of the stock were exchanged, compared to its average volume of 4,350,051. The company has a market cap of $72.41 billion, a price-to-earnings ratio of 29.34, a price-to-earnings-growth ratio of 1.98 and a beta of 1.31. Johnson Controls International plc has a 12-month low of $64.31 and a 12-month high of $110.59. The stock has a 50-day moving average of $103.43 and a 200 day moving average of $89.50. The company has a quick ratio of 0.81, a current ratio of 0.96 and a debt-to-equity ratio of 0.48.

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

Johnson Controls International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 18th. Investors of record on Monday, June 23rd were issued a dividend of $0.37 per share. The ex-dividend date of this dividend was Monday, June 23rd. This represents a $1.48 annualized dividend and a dividend yield of 1.35%. Johnson Controls International's payout ratio is 39.47%.

Johnson Controls International declared that its board has initiated a share repurchase plan on Friday, June 13th that permits the company to buyback $9.00 billion in shares. This buyback authorization permits the company to purchase up to 13.4% of its shares through open market purchases. Shares buyback plans are generally a sign that the company's leadership believes its stock is undervalued.

Analyst Ratings Changes

JCI has been the topic of several recent research reports. Citigroup restated a "neutral" rating and set a $110.00 target price (up from $94.00) on shares of Johnson Controls International in a report on Monday, July 14th. The Goldman Sachs Group boosted their target price on Johnson Controls International from $103.00 to $116.00 and gave the stock a "buy" rating in a report on Tuesday, July 8th. Barclays boosted their target price on Johnson Controls International from $90.00 to $100.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 9th. Oppenheimer cut Johnson Controls International from an "outperform" rating to a "market perform" rating in a report on Friday, June 20th. Finally, UBS Group restated a "buy" rating and set a $116.00 target price (up from $103.00) on shares of Johnson Controls International in a report on Thursday, May 22nd. Nine analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, Johnson Controls International currently has an average rating of "Moderate Buy" and a consensus price target of $103.18.

Insider Activity

In other Johnson Controls International news, VP Nathan D. Manning sold 1,422 shares of the business's stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $104.82, for a total value of $149,054.04. Following the transaction, the vice president owned 141,860 shares in the company, valued at $14,869,765.20. The trade was a 0.99% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Anuruddha Rathninde sold 15,000 shares of the business's stock in a transaction on Friday, June 6th. The stock was sold at an average price of $103.13, for a total transaction of $1,546,950.00. Following the completion of the transaction, the vice president owned 42,574 shares in the company, valued at $4,390,656.62. This represents a 26.05% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 147,555 shares of company stock worth $13,705,106. Corporate insiders own 0.54% of the company's stock.

About Johnson Controls International

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.