Nisa Investment Advisors LLC Cuts Stake in Johnson Controls International plc (NYSE:JCI)

Nisa Investment Advisors LLC decreased its holdings in shares of Johnson Controls International plc (NYSE:JCI - Free Report) by 26.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 179,059 shares of the company's stock after selling 63,287 shares during the quarter. Nisa Investment Advisors LLC's holdings in Johnson Controls International were worth $14,411,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Cornerstone Planning Group LLC boosted its stake in Johnson Controls International by 74.5% during the 1st quarter. Cornerstone Planning Group LLC now owns 363 shares of the company's stock worth $28,000 after acquiring an additional 155 shares during the last quarter. SBI Securities Co. Ltd. acquired a new stake in Johnson Controls International during the 4th quarter worth $29,000. Community Bank N.A. bought a new position in Johnson Controls International during the first quarter worth about $32,000. Crowley Wealth Management Inc. acquired a new position in Johnson Controls International in the fourth quarter valued at about $42,000. Finally, Rossby Financial LCC bought a new stake in shares of Johnson Controls International in the first quarter worth about $42,000. Institutional investors own 90.05% of the company's stock.

Analyst Upgrades and Downgrades

JCI has been the subject of several research analyst reports. Morgan Stanley boosted their price objective on Johnson Controls International from $105.00 to $115.00 and gave the company an "overweight" rating in a research report on Friday, May 9th. Oppenheimer downgraded shares of Johnson Controls International from an "outperform" rating to a "market perform" rating in a research report on Friday, June 20th. JPMorgan Chase & Co. raised their target price on shares of Johnson Controls International from $81.00 to $98.00 and gave the company an "overweight" rating in a research note on Friday, May 16th. Royal Bank Of Canada lifted their price target on Johnson Controls International from $82.00 to $98.00 and gave the stock a "sector perform" rating in a report on Thursday, May 8th. Finally, Robert W. Baird raised their price objective on Johnson Controls International from $84.00 to $90.00 and gave the stock a "neutral" rating in a research note on Thursday, May 8th. Nine analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $100.53.

Insider Activity

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 stock was sold at an average price of $103.13, for a total value of $1,546,950.00. Following the completion of the transaction, the vice president owned 42,574 shares of the company's stock, valued at approximately $4,390,656.62. The trade was a 26.05% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Marc Vandiepenbeeck sold 28,289 shares of Johnson Controls International stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $90.92, for a total value of $2,572,035.88. Following the completion of the sale, the chief financial officer directly owned 147,673 shares of the company's stock, valued at $13,426,429.16. The trade was a 16.08% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 147,555 shares of company stock worth $13,705,106. 0.54% of the stock is currently owned by corporate insiders.

Johnson Controls International Price Performance

NYSE:JCI traded down $0.51 during trading hours on Friday, hitting $105.82. 2,234,200 shares of the company's stock traded hands, compared to its average volume of 4,340,707. Johnson Controls International plc has a 52 week low of $64.31 and a 52 week high of $107.20. The business's fifty day simple moving average is $100.92 and its two-hundred day simple moving average is $87.93. The company has a quick ratio of 0.81, a current ratio of 0.96 and a debt-to-equity ratio of 0.48. The firm has a market cap of $69.63 billion, a P/E ratio of 28.22, a P/E/G ratio of 1.95 and a beta of 1.31.

Johnson Controls International (NYSE:JCI - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.82 EPS for the quarter, topping the consensus estimate of $0.77 by $0.05. The company had revenue of $5.68 billion during the quarter, compared to analyst estimates of $5.64 billion. Johnson Controls International had a return on equity of 15.13% and a net margin of 10.19%. Johnson Controls International's revenue was up 1.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.78 earnings per share. On average, research analysts anticipate that Johnson Controls International plc will post 3.64 earnings per share for the current fiscal year.

Johnson Controls International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 18th. Shareholders of record on Monday, June 23rd will be paid a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 1.40%. The ex-dividend date is Monday, June 23rd. Johnson Controls International's dividend payout ratio is presently 39.47%.

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

Johnson Controls International Company 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.