Johnson Controls International PLC (NYSE:JCI) Shares Sold by Lafayette Investments Inc.

Lafayette Investments Inc. trimmed its position in Johnson Controls International PLC (NYSE:JCI) by 6.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 126,202 shares of the company’s stock after selling 8,628 shares during the quarter. Johnson Controls International makes up 1.8% of Lafayette Investments Inc.’s investment portfolio, making the stock its 21st largest position. Lafayette Investments Inc.’s holdings in Johnson Controls International were worth $5,213,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Teacher Retirement System of Texas raised its holdings in shares of Johnson Controls International by 68.4% in the 1st quarter. Teacher Retirement System of Texas now owns 1,011,447 shares of the company’s stock valued at $37,363,000 after purchasing an additional 410,863 shares in the last quarter. Bank of Montreal Can raised its holdings in shares of Johnson Controls International by 3.6% in the 2nd quarter. Bank of Montreal Can now owns 1,271,118 shares of the company’s stock valued at $52,509,000 after purchasing an additional 44,072 shares in the last quarter. Redpoint Investment Management Pty Ltd raised its holdings in shares of Johnson Controls International by 17.7% in the 2nd quarter. Redpoint Investment Management Pty Ltd now owns 69,331 shares of the company’s stock valued at $2,864,000 after purchasing an additional 10,420 shares in the last quarter. Trillium Asset Management LLC raised its holdings in shares of Johnson Controls International by 6.6% in the 1st quarter. Trillium Asset Management LLC now owns 159,591 shares of the company’s stock valued at $5,895,000 after purchasing an additional 9,863 shares in the last quarter. Finally, MML Investors Services LLC raised its holdings in shares of Johnson Controls International by 11.6% in the 1st quarter. MML Investors Services LLC now owns 22,717 shares of the company’s stock valued at $839,000 after purchasing an additional 2,357 shares in the last quarter. Institutional investors and hedge funds own 98.20% of the company’s stock.

In other Johnson Controls International news, insider Rodney M. Rushing sold 10,853 shares of the firm’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of $41.63, for a total transaction of $451,810.39. Following the transaction, the insider now directly owns 53,594 shares of the company’s stock, valued at approximately $2,231,118.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO George Oliver sold 11,238 shares of the firm’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $41.67, for a total transaction of $468,287.46. Following the transaction, the chief executive officer now directly owns 875,511 shares in the company, valued at $36,482,543.37. The disclosure for this sale can be found here. Insiders have sold a total of 185,819 shares of company stock worth $7,833,310 over the last three months. 0.50% of the stock is currently owned by insiders.

NYSE:JCI traded down $0.03 during midday trading on Friday, hitting $42.82. 3,610,290 shares of the company were exchanged, compared to its average volume of 4,226,297. The company has a fifty day simple moving average of $41.96 and a 200 day simple moving average of $39.09. Johnson Controls International PLC has a fifty-two week low of $28.30 and a fifty-two week high of $43.30. The company has a current ratio of 1.41, a quick ratio of 1.19 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $34.10 billion, a PE ratio of 15.13, a price-to-earnings-growth ratio of 2.29 and a beta of 0.93.

Johnson Controls International (NYSE:JCI) last announced its quarterly earnings results on Wednesday, July 31st. The company reported $0.65 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.63 by $0.02. Johnson Controls International had a net margin of 22.38% and a return on equity of 9.02%. The firm had revenue of $6.45 billion for the quarter, compared to analyst estimates of $6.33 billion. During the same period last year, the business earned $0.81 EPS. Johnson Controls International’s revenue for the quarter was up 2.7% compared to the same quarter last year. As a group, equities research analysts expect that Johnson Controls International PLC will post 1.94 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 4th. Shareholders of record on Monday, September 16th will be given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 2.43%. The ex-dividend date of this dividend is Friday, September 13th. Johnson Controls International’s payout ratio is currently 36.75%.

A number of equities research analysts have recently weighed in on the stock. Citigroup assumed coverage on shares of Johnson Controls International in a report on Wednesday, June 5th. They issued a “buy” rating and a $45.00 price objective on the stock. Barclays began coverage on shares of Johnson Controls International in a research note on Wednesday, June 12th. They set an “equal weight” rating and a $39.00 price target on the stock. JPMorgan Chase & Co. upgraded shares of Johnson Controls International from an “underweight” rating to a “neutral” rating and lifted their price target for the stock from $31.00 to $35.00 in a research note on Monday, July 8th. Zacks Investment Research upgraded shares of Johnson Controls International from a “hold” rating to a “buy” rating and set a $44.00 price target on the stock in a research note on Monday, July 1st. Finally, Credit Suisse Group began coverage on shares of Johnson Controls International in a research note on Monday, May 13th. They set a “neutral” rating and a $42.00 price target on the stock. Seven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Johnson Controls International presently has a consensus rating of “Hold” and an average target price of $39.30.

Johnson Controls International Profile

Johnson Controls International plc operates as a diversified technology and multi industrial company worldwide. The company operates through Building Technologies & Solutions and Power Solutions segments. The company designs, sells, installs, and services heating, ventilating, and air conditioning systems, controls systems, integrated electronic security systems, and integrated fire detection and suppression systems for commercial, industrial, retail, small business, institutional, and governmental customers; and energy efficiency solutions and technical services, including inspection, scheduled maintenance, and repair and replacement of mechanical and control systems, to non-residential building and industrial applications.

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Institutional Ownership by Quarter for Johnson Controls International (NYSE:JCI)

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