Johnson Controls International plc (NYSE:JCI) Shares Sold by Cambridge Trust Co.

Cambridge Trust Co. decreased its holdings in Johnson Controls International plc (NYSE:JCI) by 11.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,500 shares of the company’s stock after selling 187 shares during the period. Cambridge Trust Co.’s holdings in Johnson Controls International were worth $98,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. grew its holdings in shares of Johnson Controls International by 17.3% in the fourth quarter. Vanguard Group Inc. now owns 71,387,169 shares of the company’s stock valued at $4,114,756,000 after purchasing an additional 10,522,009 shares during the period. Franklin Resources Inc. increased its holdings in shares of Johnson Controls International by 1.9% during the 4th quarter. Franklin Resources Inc. now owns 16,419,338 shares of the company’s stock worth $946,411,000 after buying an additional 305,798 shares during the last quarter. Capital World Investors increased its holdings in shares of Johnson Controls International by 85.5% during the 1st quarter. Capital World Investors now owns 14,142,736 shares of the company’s stock worth $923,804,000 after buying an additional 6,520,580 shares during the last quarter. Fisher Asset Management LLC raised its position in shares of Johnson Controls International by 4.8% during the 4th quarter. Fisher Asset Management LLC now owns 13,528,240 shares of the company’s stock valued at $779,768,000 after buying an additional 618,120 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in Johnson Controls International by 95.9% in the first quarter. Bank of New York Mellon Corp now owns 12,760,120 shares of the company’s stock valued at $833,491,000 after acquiring an additional 6,247,250 shares during the last quarter. 90.05% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Johnson Controls International

In other news, COO Nathan D. Manning sold 3,000 shares of the company’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $62.86, for a total transaction of $188,580.00. Following the transaction, the chief operating officer now directly owns 106,891 shares of the company’s stock, valued at approximately $6,719,168.26. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, VP Daniel C. Mcconeghy sold 9,342 shares of the business’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $65.50, for a total value of $611,901.00. Following the sale, the vice president now directly owns 25,378 shares in the company, valued at approximately $1,662,259. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, COO Nathan D. Manning sold 3,000 shares of the firm’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $62.86, for a total transaction of $188,580.00. Following the transaction, the chief operating officer now owns 106,891 shares of the company’s stock, valued at $6,719,168.26. The disclosure for this sale can be found here. Insiders have sold a total of 19,048 shares of company stock worth $1,234,530 over the last three months. 0.69% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Citigroup upped their price target on Johnson Controls International from $59.00 to $68.00 and gave the stock a “neutral” rating in a research note on Monday, April 8th. UBS Group lowered Johnson Controls International from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $74.00 to $68.00 in a research note on Monday, May 6th. Royal Bank of Canada lifted their target price on Johnson Controls International from $54.00 to $61.00 and gave the company an “underperform” rating in a research report on Thursday. Barclays reduced their price target on shares of Johnson Controls International from $62.00 to $61.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 10th. Finally, The Goldman Sachs Group raised their price objective on shares of Johnson Controls International from $73.00 to $81.00 and gave the company a “buy” rating in a research note on Friday. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $67.69.

Johnson Controls International Stock Performance

Shares of NYSE JCI traded down $2.91 during midday trading on Friday, reaching $67.42. 10,348,378 shares of the company were exchanged, compared to its average volume of 4,792,278. The stock has a market cap of $45.04 billion, a P/E ratio of 27.30, a PEG ratio of 1.79 and a beta of 1.28. Johnson Controls International plc has a 1 year low of $47.90 and a 1 year high of $75.36. The stock has a fifty day simple moving average of $69.25 and a 200 day simple moving average of $64.39. The company has a current ratio of 0.96, a quick ratio of 0.65 and a debt-to-equity ratio of 0.46.

Johnson Controls International (NYSE:JCI) last issued its quarterly earnings results on Wednesday, July 31st. The company reported $1.14 earnings per share for the quarter, topping the consensus estimate of $1.08 by $0.06. Johnson Controls International had a return on equity of 13.64% and a net margin of 6.02%. The firm had revenue of $7.23 billion during the quarter, compared to the consensus estimate of $7.53 billion. During the same period last year, the company earned $1.03 earnings per share. The company’s revenue for the quarter was up 1.4% on a year-over-year basis. On average, research analysts forecast that Johnson Controls International plc will post 3.67 earnings per share for the current fiscal year.

Johnson Controls International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 19th. Stockholders of record on Monday, June 24th were issued a $0.37 dividend. The ex-dividend date of this dividend was Monday, June 24th. This represents a $1.48 annualized dividend and a dividend yield of 2.20%. Johnson Controls International’s dividend payout ratio is currently 59.92%.

Johnson Controls International 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.