Johnson Controls International plc $JCI Shares Sold by Corbyn Investment Management Inc. MD

Corbyn Investment Management Inc. MD decreased its stake in Johnson Controls International plc (NYSE:JCI) by 4.2% during the third quarter, Holdings Channel.com reports. The institutional investor owned 85,880 shares of the company’s stock after selling 3,753 shares during the quarter. Johnson Controls International accounts for about 3.8% of Corbyn Investment Management Inc. MD’s portfolio, making the stock its 7th largest position. Corbyn Investment Management Inc. MD’s holdings in Johnson Controls International were worth $12,766,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of JCI. Amundi lifted its holdings in shares of Johnson Controls International by 157.2% in the 1st quarter. Amundi now owns 5,965,212 shares of the company’s stock worth $781,145,000 after acquiring an additional 3,646,047 shares during the last quarter. Hsbc Holdings PLC grew its stake in shares of Johnson Controls International by 702.5% in the first quarter. Hsbc Holdings PLC now owns 1,962,770 shares of the company’s stock worth $256,820,000 after purchasing an additional 1,718,179 shares during the last quarter. Cullen Capital Management LLC purchased a new position in shares of Johnson Controls International during the second quarter valued at approximately $244,214,000. First Trust Advisors LP raised its holdings in Johnson Controls International by 28.3% in the 1st quarter. First Trust Advisors LP now owns 5,761,677 shares of the company’s stock worth $754,492,000 after purchasing an additional 1,270,849 shares in the last quarter. Finally, State Street Corp raised its stake in Johnson Controls International by 2.2% in the second quarter. State Street Corp now owns 28,283,873 shares of the company’s stock worth $4,143,674,000 after buying an additional 621,319 shares in the last quarter. Institutional investors own 90.05% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. Argus set a $175.00 target price on shares of Johnson Controls International in a report on Friday, August 7th. Deutsche Bank Aktiengesellschaft decreased their price target on Johnson Controls International from $180.00 to $178.00 and set a “buy” rating for the company in a research note on Wednesday, September 30th. BNP Paribas Exane increased their price objective on shares of Johnson Controls International from $130.00 to $145.00 and gave the company an “underperform” rating in a research report on Wednesday, October 28th. Wall Street Zen cut Johnson Controls International from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Finally, Bank of America boosted their price objective on shares of Johnson Controls International from $152.00 to $175.00 and gave the company a “buy” rating in a research report on Thursday, October 8th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $166.86.

Insider Activity at Johnson Controls International

In other Johnson Controls International news, Director Juergen Tinggren sold 4,000 shares of the stock in a transaction on Wednesday, October 28th. The shares were sold at an average price of $159.19, for a total transaction of $636,760.00. Following the transaction, the director directly owned 27,236 shares of the company’s stock, valued at $4,335,698.84. This trade represents a 12.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.29% of the stock is owned by company insiders.

Johnson Controls International Trading Down 6.4%

Shares of JCI stock opened at $140.37 on Thursday. The stock’s 50-day moving average price is $147.53 and its 200-day moving average price is $141.29. Johnson Controls International plc has a 12-month low of $108.41 and a 12-month high of $160.41. The company has a current ratio of 0.90, a quick ratio of 0.75 and a debt-to-equity ratio of 0.55. The stock has a market capitalization of $85.03 billion, a price-to-earnings ratio of 29.05, a price-to-earnings-growth ratio of 1.18 and a beta of 1.27.

Johnson Controls International (NYSE:JCI) last announced its quarterly earnings data on Tuesday, October 27th. The company reported $1.66 EPS for the quarter, beating the consensus estimate of $1.59 by $0.07. The company had revenue of $7.11 billion for the quarter, compared to the consensus estimate of $7.04 billion. Johnson Controls International had a return on equity of 23.38% and a net margin of 11.12%. Johnson Controls International’s quarterly revenue was up 10.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.26 EPS. Equities research analysts predict that Johnson Controls International plc will post 6.29 EPS for the current fiscal year.

Johnson Controls International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 16th. Investors of record on Monday, September 21st were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Monday, September 21st. Johnson Controls International’s payout ratio is currently 34.19%.

Johnson Controls International Profile

Johnson Controls International plc (NYSE:JCI) is a global provider of building technology, products and services. The company helps customers design, operate and maintain efficient, healthy and secure buildings through solutions for heating, ventilation and air conditioning, building automation, energy management, fire detection and suppression, and physical security.

Its portfolio includes building controls and digital management platforms, HVAC equipment, chillers, air-handling systems, fire and security technologies, and related services.