Sei Investments Co. Has $42.69 Million Holdings in Johnson Controls International plc (NYSE:JCI)

Sei Investments Co. cut its position in shares of Johnson Controls International plc (NYSE:JCI - Free Report) by 6.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 642,242 shares of the company's stock after selling 41,500 shares during the period. Sei Investments Co. owned 0.10% of Johnson Controls International worth $42,690,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. Rise Advisors LLC acquired a new position in Johnson Controls International in the 1st quarter valued at about $25,000. Continuum Advisory LLC grew its stake in Johnson Controls International by 65.2% in the 2nd quarter. Continuum Advisory LLC now owns 527 shares of the company's stock valued at $35,000 after buying an additional 208 shares during the last quarter. Friedenthal Financial acquired a new position in Johnson Controls International in the 2nd quarter valued at about $47,000. Hexagon Capital Partners LLC grew its stake in Johnson Controls International by 39.7% in the 2nd quarter. Hexagon Capital Partners LLC now owns 711 shares of the company's stock valued at $47,000 after buying an additional 202 shares during the last quarter. Finally, Family Firm Inc. acquired a new position in Johnson Controls International in the 2nd quarter valued at about $48,000. 90.05% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

JCI has been the topic of a number of research reports. Wells Fargo & Company upped their price target on shares of Johnson Controls International from $75.00 to $80.00 and gave the company an "overweight" rating in a research note on Thursday, August 1st. Royal Bank of Canada upgraded shares of Johnson Controls International from an "underperform" rating to a "sector perform" rating and upped their price target for the company from $61.00 to $69.00 in a research note on Wednesday, August 14th. Bank of America upgraded shares of Johnson Controls International from a "neutral" rating to a "buy" rating and upped their price target for the company from $76.00 to $80.00 in a research note on Tuesday, September 10th. Oppenheimer increased their target price 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. Finally, Morgan Stanley initiated coverage on shares of Johnson Controls International in a research report on Friday, September 6th. They set an "overweight" rating and a $85.00 target price on the stock. Eleven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $70.21.

Insider Activity at Johnson Controls International

In related 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 value of $8,038,392.05. Following the completion of the transaction, the chief executive officer now owns 1,243,751 shares of the company's stock, valued at approximately $90,383,385.17. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In related 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 value of $8,038,392.05. Following the completion of the transaction, the chief executive officer now owns 1,243,751 shares of the company's stock, valued at approximately $90,383,385.17. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, COO Nathan D. Manning sold 1,167 shares of the stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $66.01, for a total transaction of $77,033.67. Following the completion of the transaction, the chief operating officer now directly owns 104,556 shares of the company's stock, valued at approximately $6,901,741.56. The disclosure for this sale can be found here. Insiders sold a total of 115,046 shares of company stock valued at $8,347,562 in the last quarter. Insiders own 0.69% of the company's stock.

Johnson Controls International Price Performance

Shares of Johnson Controls International stock traded up $0.28 on Tuesday, reaching $75.55. 5,273,373 shares of the stock were exchanged, compared to its average volume of 5,204,498. The firm's 50 day moving average is $70.13 and its 200-day moving average is $68.04. Johnson Controls International plc has a one year low of $47.90 and a one year high of $75.98. 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 firm has a market cap of $50.90 billion, a PE ratio of 30.59, a P/E/G ratio of 1.91 and a beta of 1.29.

Johnson Controls International (NYSE:JCI - Get Free Report) last issued its quarterly earnings results on Wednesday, July 31st. The company reported $1.14 earnings per share for the quarter, topping analysts' consensus estimates of $1.08 by $0.06. Johnson Controls International had a net margin of 6.02% and a return on equity of 13.64%. The company had revenue of $7.23 billion during the quarter, compared to the consensus estimate of $7.53 billion. During the same quarter in the prior year, the firm posted $1.03 EPS. The firm's quarterly revenue was up 1.4% on a year-over-year basis. As a group, analysts anticipate that Johnson Controls International plc will post 3.67 EPS for the current fiscal year.

Johnson Controls International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 18th. Investors of record on Wednesday, September 25th will be paid a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 1.96%. The ex-dividend date of this dividend is Wednesday, September 25th. Johnson Controls International's payout ratio is 59.92%.

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.