Perpetual Ltd Sells 3,759 Shares of Johnson Controls International plc (NYSE:JCI)

Perpetual Ltd trimmed its holdings in shares of Johnson Controls International plc (NYSE:JCI - Free Report) by 1.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 249,030 shares of the company's stock after selling 3,759 shares during the quarter. Perpetual Ltd's holdings in Johnson Controls International were worth $19,950,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of JCI. Jackson Hole Capital Partners LLC raised its holdings in shares of Johnson Controls International by 0.7% during the 4th quarter. Jackson Hole Capital Partners LLC now owns 18,621 shares of the company's stock valued at $1,470,000 after buying an additional 127 shares in the last quarter. SeaCrest Wealth Management LLC grew its position in shares of Johnson Controls International by 2.7% in the 1st quarter. SeaCrest Wealth Management LLC now owns 5,060 shares of the company's stock worth $405,000 after buying an additional 135 shares during the last quarter. Abacus Planning Group Inc. increased its position in Johnson Controls International by 5.2% during the 1st 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 period. HighPoint Advisor Group LLC increased its position in shares of Johnson Controls International by 1.8% during the fourth quarter. HighPoint Advisor Group LLC now owns 8,852 shares of the company's stock valued at $699,000 after buying an additional 154 shares during the period. Finally, Exchange Traded Concepts LLC raised its position in shares of Johnson Controls International by 10.6% in the 1st quarter. Exchange Traded Concepts LLC now owns 1,722 shares of the company's stock worth $138,000 after acquiring an additional 165 shares in the last quarter. Hedge funds and other institutional investors own 90.05% of the company's stock.

Insider Buying and Selling at Johnson Controls International

In related news, VP Anuruddha Rathninde sold 15,000 shares of the firm's stock in a transaction on 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 transaction, the vice president now directly owns 42,574 shares of the company's stock, valued at approximately $4,390,656.62. This trade represents a 26.05% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Nathan D. Manning sold 1,422 shares of the company's stock in a transaction that occurred on Thursday, May 1st. The stock was 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 of the company's stock, valued at approximately $12,576,224.64. The trade was a 0.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 147,555 shares of company stock valued at $13,669,414. 0.54% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on JCI shares. Barclays increased their price target on shares of Johnson Controls International from $85.00 to $90.00 and gave the stock an "equal weight" rating in a research note on Wednesday, May 14th. Robert W. Baird lifted their target price on shares of Johnson Controls International from $84.00 to $90.00 and gave the company a "neutral" rating in a report on Thursday, May 8th. Royal Bank Of Canada boosted their price target on Johnson Controls International from $82.00 to $98.00 and gave the stock a "sector perform" rating in a research report on Thursday, May 8th. Deutsche Bank Aktiengesellschaft upgraded Johnson Controls International from a "hold" rating to a "buy" rating and upped their price target for the stock from $101.00 to $112.00 in a research note on Monday, May 12th. Finally, JPMorgan Chase & Co. lifted their price objective on Johnson Controls International from $81.00 to $98.00 and gave the company an "overweight" rating in a research note on Friday, May 16th. Nine investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $97.88.

Johnson Controls International Stock Performance

NYSE:JCI traded up $0.65 during mid-day trading on Friday, reaching $105.09. The company's stock had a trading volume of 4,955,223 shares, compared to its average volume of 4,318,648. The company has a current ratio of 0.96, a quick ratio of 0.81 and a debt-to-equity ratio of 0.48. The stock has a market cap of $69.15 billion, a P/E ratio of 28.02, a PEG ratio of 2.26 and a beta of 1.33. The firm's fifty day moving average price is $95.48 and its two-hundred day moving average price is $86.10. Johnson Controls International plc has a 12-month low of $64.31 and a 12-month high of $105.88.

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

Johnson Controls International announced that its board has approved a share buyback plan on Friday, June 13th that allows the company to buyback $9.00 billion in outstanding shares. This buyback authorization allows the company to purchase up to 13.4% of its shares through open market purchases. Shares buyback plans are typically an indication that the company's leadership believes its shares are undervalued.

Johnson Controls International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 18th. Investors of record on Monday, June 23rd will be given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 1.41%. The ex-dividend date of this dividend is Monday, June 23rd. Johnson Controls International's dividend payout ratio (DPR) is presently 39.47%.

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.