Regents Gate Capital LLP Cuts Position in Johnson Controls International plc $JCI

Regents Gate Capital LLP trimmed its position in shares of Johnson Controls International plc (NYSE:JCI) by 41.5% during the fourth quarter, Holdings Channel reports. The firm owned 50,391 shares of the company’s stock after selling 35,753 shares during the quarter. Johnson Controls International comprises approximately 1.9% of Regents Gate Capital LLP’s holdings, making the stock its 23rd biggest position. Regents Gate Capital LLP’s holdings in Johnson Controls International were worth $6,034,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the stock. Elo Mutual Pension Insurance Co boosted its stake in shares of Johnson Controls International by 23.7% during the third quarter. Elo Mutual Pension Insurance Co now owns 75,021 shares of the company’s stock valued at $8,249,000 after acquiring an additional 14,354 shares during the last quarter. Bright Futures Wealth Management LLC. purchased a new stake in Johnson Controls International during the 3rd quarter worth about $583,000. Nordea Investment Management AB raised its stake in Johnson Controls International by 6.7% in the 4th quarter. Nordea Investment Management AB now owns 2,276,753 shares of the company’s stock valued at $274,235,000 after purchasing an additional 142,429 shares during the last quarter. Kepler Cheuvreux Suisse SA purchased a new position in Johnson Controls International in the 3rd quarter valued at about $2,345,000. Finally, Caprock Group LLC acquired a new stake in shares of Johnson Controls International during the 3rd quarter worth about $3,828,000. 90.05% of the stock is currently owned by institutional investors and hedge funds.

Johnson Controls International Stock Performance

Shares of NYSE JCI opened at $144.08 on Friday. Johnson Controls International plc has a 12-month low of $100.86 and a 12-month high of $149.10. The company has a market cap of $87.90 billion, a PE ratio of 25.77, a P/E/G ratio of 1.51 and a beta of 1.32. The stock has a 50 day simple moving average of $140.20 and a 200-day simple moving average of $130.63. The company has a current ratio of 1.04, a quick ratio of 0.85 and a debt-to-equity ratio of 0.64.

Johnson Controls International (NYSE:JCI) last posted its quarterly earnings data on Tuesday, March 31st. The company reported $1.19 EPS for the quarter. The business had revenue of $6.14 billion for the quarter. Johnson Controls International had a net margin of 14.45% and a return on equity of 19.50%. On average, equities research analysts forecast that Johnson Controls International plc will post 4.86 EPS for the current year.

Johnson Controls International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Monday, June 15th will be issued a dividend of $0.40 per share. The ex-dividend date is Monday, June 15th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.1%. Johnson Controls International’s payout ratio is currently 28.62%.

Insider Transactions at Johnson Controls International

In related news, VP Todd M. Grabowski sold 1,800 shares of the business’s stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $146.20, for a total transaction of $263,160.00. Following the completion of the transaction, the vice president owned 26,215 shares of the company’s stock, valued at approximately $3,832,633. The trade was a 6.43% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Lei Zhang Schlitz sold 88,809 shares of the firm’s stock in a transaction on Friday, May 8th. The stock was sold at an average price of $140.99, for a total transaction of $12,521,180.91. Following the completion of the sale, the vice president owned 57,059 shares in the company, valued at $8,044,748.41. This represents a 60.88% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.29% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

JCI has been the subject of a number of analyst reports. Jefferies Financial Group boosted their price objective on shares of Johnson Controls International from $125.00 to $135.00 and gave the company a “hold” rating in a research report on Wednesday, April 15th. Wolfe Research restated an “outperform” rating and set a $171.00 target price on shares of Johnson Controls International in a research report on Wednesday, June 3rd. Morgan Stanley lifted their target price on shares of Johnson Controls International from $140.00 to $175.00 and gave the stock an “overweight” rating in a research note on Tuesday. Wall Street Zen upgraded Johnson Controls International from a “hold” rating to a “buy” rating in a report on Sunday, May 3rd. Finally, Wells Fargo & Company boosted their target price on shares of Johnson Controls International from $145.00 to $160.00 and gave the stock an “overweight” rating in a research report on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $152.85.

Johnson Controls International Company 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.