Scotia Capital Inc. Sells 3,266 Shares of Johnson Controls International PLC (NYSE:JCI)

Scotia Capital Inc. decreased its position in Johnson Controls International PLC (NYSE:JCI) by 36.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,629 shares of the company’s stock after selling 3,266 shares during the quarter. Scotia Capital Inc.’s holdings in Johnson Controls International were worth $232,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. Kavar Capital Partners LLC bought a new stake in Johnson Controls International in the 2nd quarter worth approximately $32,000. Hudock Capital Group LLC increased its stake in Johnson Controls International by 2,231.4% in the 2nd quarter. Hudock Capital Group LLC now owns 816 shares of the company’s stock worth $33,000 after acquiring an additional 781 shares during the last quarter. Trustcore Financial Services LLC increased its stake in Johnson Controls International by 227.3% in the 2nd quarter. Trustcore Financial Services LLC now owns 946 shares of the company’s stock worth $39,000 after acquiring an additional 657 shares during the last quarter. Brand Asset Management Group Inc. increased its stake in Johnson Controls International by 567.0% in the 2nd quarter. Brand Asset Management Group Inc. now owns 1,194 shares of the company’s stock worth $49,000 after acquiring an additional 1,015 shares during the last quarter. Finally, Coastal Capital Group Inc. bought a new stake in Johnson Controls International in the 2nd quarter worth approximately $57,000. 91.78% of the stock is currently owned by institutional investors and hedge funds.

In related news, VP Jeffrey M. Williams sold 70,762 shares of the business’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $41.59, for a total transaction of $2,942,991.58. Following the completion of the transaction, the vice president now owns 234,236 shares in the company, valued at approximately $9,741,875.24. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Jeffrey M. Williams sold 37,986 shares of the business’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $44.29, for a total value of $1,682,399.94. Following the transaction, the vice president now owns 132,492 shares of the company’s stock, valued at approximately $5,868,070.68. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 237,805 shares of company stock valued at $10,135,630. 0.50% of the stock is owned by company insiders.

A number of analysts have issued reports on JCI shares. Citigroup started coverage on Johnson Controls International in a research note on Wednesday, June 5th. They issued a “buy” rating and a $45.00 price objective on the stock. ValuEngine downgraded Johnson Controls International from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Zacks Investment Research raised Johnson Controls International from a “hold” rating to a “buy” rating and set a $44.00 target price on the stock in a research report on Monday, July 1st. JPMorgan Chase & Co. raised Johnson Controls International from an “underweight” rating to a “neutral” rating and boosted their target price for the company from $31.00 to $35.00 in a research report on Monday, July 8th. Finally, Barclays initiated coverage on Johnson Controls International in a research report on Wednesday, June 12th. They set an “equal weight” rating and a $39.00 target price on the stock. Six analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $39.22.

Shares of NYSE JCI traded up $0.06 during trading hours on Wednesday, hitting $43.92. 122,585 shares of the company traded hands, compared to its average volume of 4,252,437. The stock has a market capitalization of $35.04 billion, a price-to-earnings ratio of 15.52, a price-to-earnings-growth ratio of 2.34 and a beta of 0.93. 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’s 50 day moving average price is $42.41 and its 200 day moving average price is $39.49. Johnson Controls International PLC has a 12 month low of $28.30 and a 12 month high of $44.50.

Johnson Controls International (NYSE:JCI) last released its earnings results on Wednesday, July 31st. The company reported $0.65 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.63 by $0.02. The firm had revenue of $6.45 billion for the quarter, compared to the consensus estimate of $6.33 billion. Johnson Controls International had a return on equity of 9.02% and a net margin of 22.38%. The company’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.81 EPS. Equities analysts anticipate that Johnson Controls International PLC will post 1.95 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 4th. Investors of record on Monday, September 16th will be issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 2.37%. The ex-dividend date is Friday, September 13th. Johnson Controls International’s payout ratio is currently 36.75%.

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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