NewEdge Advisors LLC Has $19.52 Million Stake in Johnson Controls International plc $JCI

Key Points

• NewEdge Advisors reduced its Johnson Controls stake by 11.1% in the second quarter, selling 16,600 shares and retaining 133,595 shares valued at $19.52 million. Institutional investors collectively own 90.05% of the company.
• Johnson Controls reported quarterly EPS of $1.42, beating estimates by $0.12, while revenue rose 9.3% year over year to $6.61 billion. The company also declared a quarterly dividend of $0.40 per share, equivalent to a 1.1% annual yield.
• Analyst sentiment is mixed: 12 analysts rate JCI a Buy, 10 a Hold and one a Sell, producing a consensus Hold rating and a $155.75 target price. Shares opened at $142.95, down 1.4% in the article’s report.

NewEdge Advisors LLC reduced its stake in shares of Johnson Controls International plc (NYSE:JCI - Free Report) by 11.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 133,595 shares of the company's stock after selling 16,600 shares during the quarter. NewEdge Advisors LLC's holdings in Johnson Controls International were worth $19,520,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. California State Teachers Retirement System increased its stake in shares of Johnson Controls International by 13,757.3% in the 2nd quarter. California State Teachers Retirement System now owns 135,035,593 shares of the company's stock valued at $19,730,050,000 after buying an additional 134,061,119 shares during the period. State Street Corp increased its position in Johnson Controls International by 0.6% in the third quarter. State Street Corp now owns 28,684,645 shares of the company's stock worth $3,165,286,000 after purchasing an additional 163,167 shares during the period. Franklin Resources Inc. raised its holdings in Johnson Controls International by 3.3% during the 4th quarter. Franklin Resources Inc. now owns 22,655,105 shares of the company's stock worth $2,712,949,000 after purchasing an additional 718,245 shares during the last quarter. Fisher Asset Management LLC raised its holdings in Johnson Controls International by 1.7% during the 4th quarter. Fisher Asset Management LLC now owns 17,239,953 shares of the company's stock worth $2,064,485,000 after purchasing an additional 280,704 shares during the last quarter. Finally, Invesco Ltd. lifted its position in Johnson Controls International by 13.0% during the 4th quarter. Invesco Ltd. now owns 16,003,486 shares of the company's stock valued at $1,916,417,000 after purchasing an additional 1,837,220 shares during the period. Institutional investors and hedge funds own 90.05% of the company's stock.

Johnson Controls International Stock Down 1.4%

Shares of NYSE:JCI opened at $142.95 on Friday. The company has a 50 day moving average price of $144.81 and a two-hundred day moving average price of $141.38. 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 company has a market capitalization of $86.59 billion, a PE ratio of 24.86, a PEG ratio of 1.39 and a beta of 1.29. Johnson Controls International plc has a 52 week low of $104.49 and a 52 week high of $157.06.

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

Johnson Controls International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 16th. Shareholders of record on Monday, September 21st will be paid 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 is Monday, September 21st. Johnson Controls International's payout ratio is presently 27.83%.

Insider Transactions at Johnson Controls International

In other Johnson Controls International news, VP Lei Schlitz sold 23,417 shares of the stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $153.07, for a total value of $3,584,440.19. Following the completion of the sale, the vice president directly owned 15,017 shares in the company, valued at $2,298,652.19. This represents a 60.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.29% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on JCI. Morgan Stanley lifted their price target on shares of Johnson Controls International from $175.00 to $180.00 and gave the stock an "overweight" rating in a research report on Wednesday, September 2nd. Sanford C. Bernstein increased their price objective on shares of Johnson Controls International from $173.00 to $190.00 and gave the company an "outperform" rating in a report on Friday, August 14th. Wolfe Research reaffirmed an "outperform" rating and issued a $171.00 price objective on shares of Johnson Controls International in a research note on Wednesday, June 3rd. Citigroup lifted their target price on shares of Johnson Controls International from $155.00 to $157.00 and gave the stock a "neutral" rating in a report on Thursday, July 30th. Finally, Royal Bank Of Canada upped their target price on shares of Johnson Controls International from $154.00 to $161.00 and gave the company a "sector perform" rating in a research report on Thursday, July 30th. Twelve research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $155.75.

Johnson Controls International Profile

Johnson Controls International plc NYSE: JCI is a global company focused on building technologies and solutions that improve the efficiency, safety and sustainability of buildings. Its offerings include heating, ventilation and air-conditioning systems, building automation and controls, fire detection and suppression equipment, security systems, and related digital technologies and services.

The company serves commercial, institutional, industrial and residential customers, helping organizations manage building operations, energy use, indoor air quality and physical security.

Want to see what other hedge funds are holding JCI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Johnson Controls International plc (NYSE:JCI - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.