Zimmermann Investment Management & Planning LLC Sells 5,273 Shares of Johnson Controls International plc (NYSE:JCI)

Zimmermann Investment Management & Planning LLC decreased its holdings in shares of Johnson Controls International plc (NYSE:JCI - Free Report) by 46.5% during the second quarter, according to its most recent filing with the SEC. The firm owned 6,058 shares of the company's stock after selling 5,273 shares during the period. Zimmermann Investment Management & Planning LLC's holdings in Johnson Controls International were worth $403,000 at the end of the most recent reporting period.

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Several other large investors have also modified their holdings of JCI. Vanguard Group Inc. increased its holdings in Johnson Controls International by 17.3% during the fourth quarter. Vanguard Group Inc. now owns 71,387,169 shares of the company's stock valued at $4,114,756,000 after buying an additional 10,522,009 shares during the period. Capital World Investors increased its holdings in shares of Johnson Controls International by 85.5% in the 1st quarter. Capital World Investors now owns 14,142,736 shares of the company's stock valued at $923,804,000 after acquiring an additional 6,520,580 shares during the period. Bank of New York Mellon Corp raised its position in shares of Johnson Controls International by 95.9% in the 1st quarter. Bank of New York Mellon Corp now owns 12,760,120 shares of the company's stock worth $833,491,000 after acquiring an additional 6,247,250 shares in the last quarter. Norges Bank purchased a new stake in shares of Johnson Controls International during the 4th quarter worth $316,400,000. Finally, Clean Energy Transition LLP bought a new stake in Johnson Controls International during the fourth quarter valued at about $124,553,000. Institutional investors own 90.05% of the company's stock.

Insiders Place Their Bets

In other Johnson Controls International news, COO Nathan D. Manning sold 1,167 shares of the stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $70.71, for a total transaction of $82,518.57. Following the completion of the transaction, the chief operating officer now owns 103,866 shares of the company's stock, valued at $7,344,364.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last three months, insiders sold 2,892 shares of company stock worth $197,011. Corporate insiders own 0.69% of the company's stock.

Wall Street Analyst Weigh In

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A number of brokerages have commented on JCI. Barclays reduced their target price on shares of Johnson Controls International from $62.00 to $61.00 and set an "equal weight" rating for the company in a report on Wednesday, July 10th. 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 note on Thursday, June 27th. Robert W. Baird increased their target price on shares of Johnson Controls International from $72.00 to $78.00 and gave the company a "neutral" rating in a research report on Thursday, August 1st. StockNews.com upgraded shares of Johnson Controls International from a "hold" rating to a "buy" rating in a report on Friday, August 2nd. Finally, Wells Fargo & Company lifted their target price on shares of Johnson Controls International from $75.00 to $80.00 and gave the stock an "overweight" rating in a research note on Thursday, August 1st. Eleven equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $68.31.

Get Our Latest Analysis on JCI

Johnson Controls International Price Performance

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Shares of JCI stock traded down $0.64 during trading hours on Wednesday, hitting $70.81. 4,208,448 shares of the company's stock were exchanged, compared to its average volume of 5,309,345. Johnson Controls International plc has a fifty-two week low of $47.90 and a fifty-two week high of $75.36. The firm has a market cap of $47.70 billion, a P/E ratio of 28.67, a P/E/G ratio of 1.91 and a beta of 1.28. The company has a quick ratio of 0.73, a current ratio of 0.96 and a debt-to-equity ratio of 0.46. The firm has a 50 day moving average of $68.55 and a two-hundred day moving average of $66.17.

Johnson Controls International (NYSE:JCI - Get Free Report) last posted its quarterly earnings data 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. The company had revenue of $7.23 billion during 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%. During the same period in the prior year, the business posted $1.03 earnings per share. The firm's revenue for the quarter was up 1.4% on a year-over-year basis. Sell-side analysts forecast that Johnson Controls International plc will post 3.67 EPS for the current year.

Johnson Controls International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 19th. Investors of record on Monday, June 24th were issued a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 2.09%. The ex-dividend date was Monday, June 24th. Johnson Controls International's payout ratio is 59.92%.

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.

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