The Manufacturers Life Insurance Company Sells 745,036 Shares Of Johnson Controls International plc (NYSE:JCI)

VaselineSeptember 30, 2024

0 5 minutes read

The Manufacturers Life Insurance Company reduced its holdings in shares of Johnson Controls International plc (NYSE:JCI – Free Report ) by 52.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. . The firm owned 684,847 shares of the company’s stock after selling 745,036 shares during the period. The Manufacturers Life Insurance Company owned about 0.10% of Johnson Controls International worth $45,523,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. MBB Public Markets I LLC bought a new position in shares of Johnson Controls International in the second quarter valued at approximately $3,302,000. Electron Capital Partners LLC boosted its stake in Johnson Controls International by 81.3% in the second quarter. Electron Capital Partners LLC now owns 1,432,335 shares of the company’s stock valued at $95,207,000 after purchasing an additional 642,315 shares in the last quarter. APG Asset Management NV boosted its stake in Johnson Controls International by 201.7% in the second quarter. APG Asset Management NV now owns 84,666 shares of the company’s stock valued at $5,251,000 after acquiring an additional 56,600 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Johnson Controls International in the second quarter valued at approximately $1,719,000. Finally, Point72 Asset Management LP raised its stake in Johnson Controls International by 263.9% in the second quarter. Point72 Asset Management LP now owns 1,341,919 shares of the company’s stock valued at $89,197,000 after acquiring an additional 973,145 shares during the last quarter. Institutional investors own 90.05% of the company’s shares.

Johnson Controls international inventories rose 0.9%

Shares of JCI stock opened at $77.21 on Monday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.73, and a current ratio of 0.96. The company’s 50-day moving average is $70.55 and its 200-day moving average is $68.35. The stock has a market cap of $51.58 billion, a price-to-earnings ratio of 31.26, a PEG ratio of 1.99 and a beta of 1.29. Johnson Controls International plc has a 52-week low of $47.90 and a 52-week high of $77.71.

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Johnson Controls International (NYSE:JCI – Get Free Report ) last posted its earnings results on Wednesday, July 31st. The company reported $1.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.08 by $0.06. The company had revenue of $7.23 billion for the quarter, compared to analysts’ expectations of $7.53 billion. Johnson Controls International had a net margin of 6.02% and a return on equity of 13.64%. Johnson Controls International’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.03 EPS. sell-side analysts predict that Johnson Controls International plc will post 3.67 EPS for the current year.

Johnson Controls International announces dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 18th. Stockholders of record on Wednesday, September 25th will be issued a $0.37 dividend. The ex-dividend date of this dividend is Wednesday, September 25. This represents an annualized dividend of $1.48 and a yield of 1.92%. Johnson Controls International’s dividend payout ratio is currently 59.92%.

Analysts on Wall Street are forecasting an increase

A number of research analysts recently issued reports on the stock. Bank of America lifted their price target on shares of Johnson Controls International from $80.00 to $95.00 and gave the company a “buy” rating in a research note on Friday. Robert W. Baird boosted their price objective on shares of Johnson Controls International from $72.00 to $78.00 and gave the stock a “neutral” rating in a research report on Thursday, August 1st. Goldman Sachs Group boosted their price objective on shares of Johnson Controls International from $73.00 to $81.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. StockNews.com upgraded shares of Johnson Controls International from a “hold” rating to a “buy” rating in a research report on Friday, August 2nd. Finally, Oppenheimer boosted their price objective on shares of Johnson Controls International from $70.00 to $76.00 and gave the stock an “outperform” rating in a research report on Thursday, June 27th. Eleven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $71.29, according to MarketBeat.com.

See our latest report on JCI

Inside buying and selling at Johnson Controls International

In other Johnson Controls International news, CEO George Oliver sold 110,615 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $72.67, for a total value of $8,038,392.05. Following the transaction, the chief executive officer now directly owns 1,243,751 shares of the company’s stock, valued at approximately $90,383,385.17. The transaction was disclosed in a legal filing with the SEC, which can be accessed via this hyperlink. In other Johnson Controls International news, CEO George Oliver sold 110,615 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $72.67, for a total transaction of $8,038,392.05. Following the transaction, the chief executive officer now owns 1,243,751 shares in the company, valued at approximately $90,383,385.17. The sale was disclosed in a filing with the SEC, which is accessible through the SEC’s website. Also, COO Nathan D. Manning sold 1,167 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $72.75, for a total transaction of $84,899.25. Following the transaction, the chief operating officer now owns 143,488 shares in the company, valued at approximately $10,438,752. The disclosure for this sale can be found here. Insiders have sold a total of 113,879 shares of company stock worth $8,270,529 in the last three months. 0.69% of shares are currently owned by company insiders.

Johnson Controls International Profile

(Free report)

Johnson Controls International plc, together with its subsidiaries, engages in the design, manufacture, commissioning and upgrading of building products and systems in the United States, Europe, Asia Pacific and internationally. It operates in four segments: Building Solutions North America, Building Solutions EMEA/LA, Building Solutions Asia Pacific and Global Products.