Johnson Controls International plc (NYSE:JCI) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC decreased its holdings in Johnson Controls International plc (NYSE:JCI) by 89.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 32,796 shares of the company’s stock after selling 275,071 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Johnson Controls International were worth $2,142,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of the stock. Vanguard Group Inc. grew its stake in Johnson Controls International by 17.3% during the 4th quarter. Vanguard Group Inc. now owns 71,387,169 shares of the company’s stock worth $4,114,756,000 after purchasing an additional 10,522,009 shares in the last quarter. Norges Bank acquired a new position in shares of Johnson Controls International during the fourth quarter worth about $316,400,000. Clean Energy Transition LLP acquired a new stake in Johnson Controls International in the fourth quarter valued at approximately $124,553,000. Capital World Investors lifted its stake in Johnson Controls International by 35.6% in the fourth quarter. Capital World Investors now owns 7,622,156 shares of the company’s stock worth $439,341,000 after acquiring an additional 2,001,644 shares during the last quarter. Finally, Wells Fargo & Company MN grew its holdings in Johnson Controls International by 121.3% during the 4th quarter. Wells Fargo & Company MN now owns 3,494,653 shares of the company’s stock worth $201,432,000 after acquiring an additional 1,915,699 shares in the last quarter. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Johnson Controls International Price Performance

NYSE JCI traded up $0.26 during trading hours on Tuesday, reaching $65.78. The company’s stock had a trading volume of 609,505 shares, compared to its average volume of 5,491,805. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.65 and a current ratio of 0.87. The company’s 50-day moving average is $68.24 and its two-hundred day moving average is $62.27. Johnson Controls International plc has a fifty-two week low of $47.90 and a fifty-two week high of $74.23. The stock has a market cap of $44.31 billion, a PE ratio of 26.53, a PEG ratio of 1.73 and a beta of 1.28.

Johnson Controls International (NYSE:JCI) last issued its quarterly earnings data on Wednesday, May 1st. The company reported $0.78 earnings per share for the quarter, topping analysts’ consensus estimates of $0.75 by $0.03. Johnson Controls International had a net margin of 6.32% and a return on equity of 13.21%. The business had revenue of $6.70 billion during the quarter, compared to analysts’ expectations of $7.51 billion. During the same period last year, the company posted $0.75 EPS. The company’s revenue was down 6.1% on a year-over-year basis. Analysts forecast that Johnson Controls International plc will post 3.59 EPS for the current year.

Johnson Controls International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 19th. Stockholders of record on Monday, June 24th will be issued a dividend of $0.37 per share. The ex-dividend date is Monday, June 24th. This represents a $1.48 annualized dividend and a dividend yield of 2.25%. Johnson Controls International’s payout ratio is currently 59.92%.

Insider Transactions at Johnson Controls International

In other Johnson Controls International news, VP Daniel C. Mcconeghy sold 9,342 shares of Johnson Controls International stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $65.50, for a total transaction of $611,901.00. Following the transaction, the vice president now directly owns 25,378 shares of the company’s stock, valued at $1,662,259. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, Director Juergen Tinggren sold 4,000 shares of the company’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $62.31, for a total value of $249,240.00. Following the completion of the transaction, the director now directly owns 30,120 shares in the company, valued at $1,876,777.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Daniel C. Mcconeghy sold 9,342 shares of Johnson Controls International stock in a transaction on Friday, May 10th. The stock was sold at an average price of $65.50, for a total transaction of $611,901.00. Following the sale, the vice president now directly owns 25,378 shares in the company, valued at approximately $1,662,259. The disclosure for this sale can be found here. Insiders sold a total of 16,900 shares of company stock worth $1,085,145 in the last ninety days. Insiders own 0.69% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on JCI shares. Citigroup raised their price objective on shares of Johnson Controls International from $59.00 to $68.00 and gave the company a “neutral” rating in a report on Monday, April 8th. Wells Fargo & Company increased their price objective on Johnson Controls International from $64.00 to $73.00 and gave the company an “overweight” rating in a report on Tuesday, April 2nd. Barclays upped their price target on Johnson Controls International from $59.00 to $62.00 and gave the company an “equal weight” rating in a report on Friday, June 21st. UBS Group cut Johnson Controls International from a “buy” rating to a “neutral” rating and decreased their target price for the company from $74.00 to $68.00 in a research report on Monday, May 6th. Finally, Oppenheimer boosted their price objective on Johnson Controls International from $70.00 to $76.00 and gave the company an “outperform” rating in a research note on Thursday, June 27th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $63.82.

Johnson Controls International Company 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.