Raiffeisen Bank International AG Sells 124,829 Shares of Johnson Controls International plc $JCI

Key Points

• Raiffeisen Bank International reduced its Johnson Controls stake by 35.1%, selling 124,829 shares in the second quarter and retaining 230,836 shares valued at approximately $32.4 million. Institutional investors and hedge funds collectively own 90.05% of JCI.
• Johnson Controls reported stronger-than-expected quarterly results, with EPS of $1.42 versus a $1.30 consensus and revenue of $6.61 billion, up 9.3% year over year.
• Analyst sentiment is mixed: JCI has an average “Hold” rating and a consensus price target of $155.75, while the stock recently opened at $142.20. Several analysts maintain bullish ratings, including price targets as high as $190.

Raiffeisen Bank International AG lowered its position in shares of Johnson Controls International plc (NYSE:JCI - Free Report) by 35.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 230,836 shares of the company's stock after selling 124,829 shares during the quarter. Raiffeisen Bank International AG's holdings in Johnson Controls International were worth $32,426,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of JCI. Mcguire Capital Advisors Inc. bought a new stake in Johnson Controls International in the fourth quarter worth approximately $27,000. Twin Tree Management LP lifted its position in shares of Johnson Controls International by 140.9% during the 4th quarter. Twin Tree Management LP now owns 260 shares of the company's stock valued at $31,000 after acquiring an additional 895 shares during the period. Fourth Dimension Wealth LLC boosted its stake in Johnson Controls International by 51.3% during the second quarter. Fourth Dimension Wealth LLC now owns 230 shares of the company's stock worth $34,000 after acquiring an additional 78 shares in the last quarter. First Bancorp Inc ME acquired a new stake in Johnson Controls International in the second quarter worth $34,000. Finally, SJS Investment Consulting Inc. increased its stake in Johnson Controls International by 747.1% in the first quarter. SJS Investment Consulting Inc. now owns 288 shares of the company's stock valued at $38,000 after purchasing an additional 254 shares in the last quarter. 90.05% of the stock is currently owned by institutional investors and hedge funds.

Johnson Controls International Price Performance

Shares of NYSE JCI opened at $142.20 on Friday. The stock has a market cap of $86.14 billion, a price-to-earnings ratio of 24.73, a PEG ratio of 1.34 and a beta of 1.29. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.83 and a current ratio of 1.00. Johnson Controls International plc has a fifty-two week low of $104.03 and a fifty-two week high of $157.06. The firm's 50-day simple moving average is $144.56 and its 200 day simple moving average is $141.26.

Johnson Controls International (NYSE:JCI - Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The company reported $1.42 EPS for the quarter, topping the consensus estimate of $1.30 by $0.12. Johnson Controls International had a return on equity of 22.11% and a net margin of 14.32%.The firm had revenue of $6.61 billion during the quarter, compared to the consensus estimate of $6.46 billion. During the same period in the prior year, the business posted $1.05 earnings per share. The company's quarterly revenue was up 9.3% compared to the same quarter last year. As a group, research analysts anticipate that Johnson Controls International plc will post 5.08 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

JCI has been the topic of a number of research analyst reports. Wolfe Research reissued an "outperform" rating and set a $171.00 price objective on shares of Johnson Controls International in a research report on Wednesday, June 3rd. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Johnson Controls International in a research note on Tuesday, June 9th. Wells Fargo & Company increased their price target on Johnson Controls International from $145.00 to $160.00 and gave the stock an "overweight" rating in a report on Thursday, May 7th. Wall Street Zen cut Johnson Controls International from a "buy" rating to a "hold" rating in a research note on Saturday, August 1st. Finally, Sanford C. Bernstein upped their target price on Johnson Controls International from $173.00 to $190.00 and gave the stock an "outperform" rating in a research report on Friday, August 14th. Twelve research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Johnson Controls International presently has an average rating of "Hold" and a consensus target price of $155.75.

Insiders Place Their Bets

In other Johnson Controls International news, VP Todd M. Grabowski sold 1,800 shares of Johnson Controls International stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $146.20, for a total transaction of $263,160.00. Following the transaction, the vice president directly owned 26,215 shares of the company's stock, valued at $3,832,633. The trade was a 6.43% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Lei Schlitz sold 23,417 shares of the company's stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $153.07, for a total transaction of $3,584,440.19. Following the completion of the sale, the vice president owned 15,017 shares of the company's stock, valued at approximately $2,298,652.19. The trade was a 60.93% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.29% of the company's stock.

Johnson Controls International Profile

Johnson Controls International plc is a global diversified technology and multi‑industrial company that develops products, services and solutions for buildings and energy storage. The company's core focus is on improving building efficiency, safety and sustainability through a combination of HVAC equipment, building controls and automation, fire and security systems, and related services. Johnson Controls traces its roots to 1885, when inventor Warren S. Johnson developed an electric room thermostat; over its long history the company has expanded from controls into a broad set of building‑related technologies and, through corporate transactions, into a global provider of integrated building solutions.

Johnson Controls' product and service portfolio includes heating, ventilation and air‑conditioning equipment, chillers, air handlers and related mechanical systems, together with building automation and control platforms that monitor and manage energy use, indoor environmental quality and security.

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