Allspring Global Investments Holdings LLC Sells 275,071 Shares of Johnson Controls International plc (NYSE:JCI)

Allspring Global Investments Holdings LLC lowered its stake in Johnson Controls International plc (NYSE:JCI) by 89.3% during the first quarter, Holdings Channel reports. The firm 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 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Turtle Creek Wealth Advisors LLC bought a new stake in Johnson Controls International in the 4th quarter valued at about $25,000. Rise Advisors LLC purchased a new position in shares of Johnson Controls International during the 1st quarter valued at $25,000. EdgeRock Capital LLC bought a new position in shares of Johnson Controls International during the 4th quarter worth $27,000. Hexagon Capital Partners LLC raised its stake in Johnson Controls International by 114.0% in the 4th quarter. Hexagon Capital Partners LLC now owns 503 shares of the company’s stock valued at $29,000 after acquiring an additional 268 shares during the period. Finally, Headinvest LLC bought a new position in Johnson Controls International during the third quarter worth about $30,000. 90.05% of the stock is currently owned by institutional investors.

Insider Transactions at Johnson Controls International

In other 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 completion of the transaction, the vice president now directly owns 25,378 shares in the company, valued at $1,662,259. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Juergen Tinggren sold 4,000 shares of the company’s stock in a transaction that occurred 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 transaction, the director now owns 30,120 shares in the company, valued at $1,876,777.20. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Daniel C. Mcconeghy sold 9,342 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the vice president now owns 25,378 shares of the company’s stock, valued at $1,662,259. The disclosure for this sale can be found here. Insiders have sold 16,900 shares of company stock valued at $1,085,145 in the last three months. 0.69% of the stock is currently owned by company insiders.

Johnson Controls International Trading Up 0.4 %

Shares of NYSE:JCI traded up $0.26 during midday trading on Tuesday, hitting $65.78. 609,505 shares of the stock traded hands, compared to its average volume of 5,491,805. The company has a quick ratio of 0.65, a current ratio of 0.87 and a debt-to-equity ratio of 0.44. The business’s 50 day moving average is $68.24 and its two-hundred day moving average is $62.27. The stock has a market capitalization of $44.31 billion, a PE ratio of 26.53, a P/E/G ratio of 1.73 and a beta of 1.28. Johnson Controls International plc has a one year low of $47.90 and a one year high of $74.23.

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

Johnson Controls International Dividend Announcement

The firm also recently announced 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. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.25%. The ex-dividend date of this dividend is Monday, June 24th. Johnson Controls International’s dividend payout ratio (DPR) is presently 59.92%.

Analyst Ratings Changes

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

About Johnson Controls International

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.