Thrivent Financial for Lutherans Reduces Stake in Johnson Controls International plc (NYSE:JCI)

Thrivent Financial for Lutherans cut its stake in shares of Johnson Controls International plc (NYSE:JCI) by 0.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 34,127 shares of the company’s stock after selling 199 shares during the period. Thrivent Financial for Lutherans’ holdings in Johnson Controls International were worth $2,269,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the stock. Rise Advisors LLC purchased a new position in shares of Johnson Controls International during the 1st quarter worth about $25,000. Continuum Advisory LLC lifted its stake in Johnson Controls International by 65.2% in the second quarter. Continuum Advisory LLC now owns 527 shares of the company’s stock worth $35,000 after purchasing an additional 208 shares during the last quarter. Friedenthal Financial bought a new position in shares of Johnson Controls International during the second quarter valued at approximately $47,000. Hexagon Capital Partners LLC grew its stake in shares of Johnson Controls International by 39.7% during the second quarter. Hexagon Capital Partners LLC now owns 711 shares of the company’s stock valued at $47,000 after buying an additional 202 shares during the last quarter. Finally, Family Firm Inc. purchased a new stake in shares of Johnson Controls International in the second quarter worth approximately $48,000. 90.05% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have commented on JCI. Wells Fargo & Company upped their price objective on Johnson Controls International from $75.00 to $80.00 and gave the company an “overweight” rating in a research report on Thursday, August 1st. 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 note on Wednesday, July 10th. The Goldman Sachs Group boosted 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 report on Friday, August 2nd. StockNews.com raised shares of Johnson Controls International from a “hold” rating to a “buy” rating in a research report on Friday, August 2nd. Finally, Robert W. Baird boosted their price target on Johnson Controls International from $72.00 to $78.00 and gave the company a “neutral” rating in a report on Thursday, August 1st. Eleven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $71.29.

Insiders Place Their Bets

In other news, CEO George Oliver sold 110,615 shares of the stock in a transaction on Monday, September 16th. The stock was sold at an average price of $72.67, for a total transaction of $8,038,392.05. Following the completion of the sale, the chief executive officer now owns 1,243,751 shares in the company, valued at approximately $90,383,385.17. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, COO Nathan D. Manning sold 1,167 shares of the company’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $70.71, for a total transaction of $82,518.57. Following the transaction, the chief operating officer now owns 103,866 shares in the company, valued at $7,344,364.86. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO George Oliver sold 110,615 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $72.67, for a total transaction of $8,038,392.05. Following the completion of the transaction, the chief executive officer now directly owns 1,243,751 shares of the company’s stock, valued at $90,383,385.17. The disclosure for this sale can be found here. Over the last three months, insiders have sold 113,693 shares of company stock valued at $8,258,225. 0.69% of the stock is currently owned by insiders.

Johnson Controls International Trading Down 1.0 %

Shares of NYSE JCI opened at $76.81 on Wednesday. Johnson Controls International plc has a 1-year low of $47.90 and a 1-year high of $78.23. The business has a fifty day moving average price of $70.86 and a 200 day moving average price of $68.55. The stock has a market capitalization of $51.31 billion, a P/E ratio of 31.10, a price-to-earnings-growth ratio of 2.03 and a beta of 1.29. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.96 and a quick ratio of 0.73.

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

Johnson Controls International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 18th. Shareholders of record on Wednesday, September 25th will be paid a $0.37 dividend. The ex-dividend date of this dividend is Wednesday, September 25th. This represents a $1.48 annualized dividend and a yield of 1.93%. Johnson Controls International’s dividend payout ratio (DPR) is 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.