Creative Planning Cuts Stake in Johnson Controls International PLC (NYSE:JCI)

Creative Planning cut its position in Johnson Controls International PLC (NYSE:JCI) by 3.7% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 43,706 shares of the auto parts company’s stock after selling 1,680 shares during the quarter. Creative Planning’s holdings in Johnson Controls International were worth $1,462,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the company. Global X Management Co. LLC grew its holdings in shares of Johnson Controls International by 19.4% during the first quarter. Global X Management Co. LLC now owns 61,042 shares of the auto parts company’s stock valued at $2,151,000 after buying an additional 9,939 shares during the last quarter. Diamond Hill Capital Management Inc. grew its holdings in shares of Johnson Controls International by 24.3% during the first quarter. Diamond Hill Capital Management Inc. now owns 3,198,754 shares of the auto parts company’s stock valued at $112,724,000 after buying an additional 624,548 shares during the last quarter. FDx Advisors Inc. grew its holdings in shares of Johnson Controls International by 96.9% during the first quarter. FDx Advisors Inc. now owns 61,025 shares of the auto parts company’s stock valued at $2,151,000 after buying an additional 30,026 shares during the last quarter. Albert D Mason Inc. grew its holdings in shares of Johnson Controls International by 12.2% during the first quarter. Albert D Mason Inc. now owns 21,688 shares of the auto parts company’s stock valued at $764,000 after buying an additional 2,360 shares during the last quarter. Finally, Hennessy Advisors Inc. acquired a new position in shares of Johnson Controls International during the first quarter valued at about $5,244,000. 92.15% of the stock is owned by institutional investors and hedge funds.

In other news, insider Rodney M. Rushing sold 8,148 shares of the company’s stock in a transaction on Monday, May 14th. The shares were sold at an average price of $36.55, for a total value of $297,809.40. Following the completion of the sale, the insider now owns 31,999 shares of the company’s stock, valued at approximately $1,169,563.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.43% of the stock is owned by insiders.

A number of brokerages have recently issued reports on JCI. Citigroup lifted their price objective on shares of Johnson Controls International from $45.00 to $46.00 and gave the company a “buy” rating in a report on Thursday, August 2nd. Zacks Investment Research upgraded shares of Johnson Controls International from a “sell” rating to a “hold” rating in a report on Thursday, August 2nd. Royal Bank of Canada reiterated a “sell” rating and set a $34.00 price objective on shares of Johnson Controls International in a report on Wednesday, August 1st. Barclays lifted their price objective on shares of Johnson Controls International from $38.00 to $39.00 and gave the company an “equal weight” rating in a report on Wednesday, August 1st. Finally, ValuEngine raised shares of Johnson Controls International from a “strong sell” rating to a “sell” rating in a research report on Monday, July 30th. Four research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company. Johnson Controls International presently has a consensus rating of “Hold” and a consensus target price of $42.55.

Johnson Controls International opened at $36.90 on Friday, Marketbeat reports. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.10 and a quick ratio of 0.79. Johnson Controls International PLC has a one year low of $32.89 and a one year high of $42.60. The company has a market capitalization of $34.53 billion, a price-to-earnings ratio of 13.57, a P/E/G ratio of 1.21 and a beta of 0.88.

Johnson Controls International (NYSE:JCI) last released its quarterly earnings results on Tuesday, July 31st. The auto parts company reported $0.81 EPS for the quarter, topping the Zacks’ consensus estimate of $0.79 by $0.02. Johnson Controls International had a net margin of 7.27% and a return on equity of 11.84%. The business had revenue of $8.12 billion during the quarter, compared to analysts’ expectations of $7.96 billion. During the same quarter in the previous year, the company earned $0.71 EPS. The business’s quarterly revenue was up 5.9% compared to the same quarter last year. equities research analysts forecast that Johnson Controls International PLC will post 2.81 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, July 13th. Shareholders of record on Monday, June 25th were paid a $0.26 dividend. The ex-dividend date of this dividend was Friday, June 22nd. This represents a $1.04 dividend on an annualized basis and a yield of 2.82%. Johnson Controls International’s dividend payout ratio is presently 40.00%.

Johnson Controls International Profile

Johnson Controls International plc operates as a diversified technology and multi industrial company worldwide. The company operates through Building Technologies & Solutions and Power Solutions segments. It designs, sells, controls, installs heating, ventilating, and air conditioning systems. The company also provides residential air conditioning and heating systems, and industrial refrigeration products, as well as technical and energy management consulting services.

Further Reading: Diversification

Institutional Ownership by Quarter for Johnson Controls International (NYSE:JCI)

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