Short Interest in Johnson Controls International PLC (NYSE:JCI) Decreases By 41.4%

Johnson Controls International PLC (NYSE:JCI) was the recipient of a large decrease in short interest in June. As of June 30th, there was short interest totalling 22,650,000 shares, a decrease of 41.4% from the May 30th total of 38,680,000 shares. Approximately 2.5% of the shares of the company are sold short. Based on an average daily volume of 7,890,000 shares, the short-interest ratio is currently 2.9 days.

Shares of Johnson Controls International stock traded up $0.21 during trading on Friday, reaching $41.54. 6,417,841 shares of the stock traded hands, compared to its average volume of 5,997,609. The firm has a market cap of $37.31 billion, a P/E ratio of 14.68, a price-to-earnings-growth ratio of 2.23 and a beta of 0.95. The firm’s fifty day moving average price is $40.02. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.95 and a quick ratio of 0.80. Johnson Controls International has a 52-week low of $28.30 and a 52-week high of $42.18.

Johnson Controls International (NYSE:JCI) last issued its quarterly earnings data on Wednesday, May 1st. The company reported $0.32 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.30 by $0.02. The firm had revenue of $5.78 billion during the quarter, compared to analyst estimates of $5.79 billion. Johnson Controls International had a return on equity of 9.85% and a net margin of 8.52%. The business’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.54 earnings per share. On average, sell-side analysts predict that Johnson Controls International will post 1.92 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 12th. Stockholders of record on Monday, June 24th were given a dividend of $0.26 per share. The ex-dividend date of this dividend was Friday, June 21st. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.50%. Johnson Controls International’s payout ratio is 36.75%.

A number of brokerages have issued reports on JCI. TheStreet lowered Trade Desk from a “b-” rating to a “c-” rating in a research note on Thursday, May 9th. Zacks Investment Research lowered First Merchants from a “hold” rating to a “sell” rating in a research note on Monday, July 1st. ValuEngine lowered Zumiez from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd. JPMorgan Chase & Co. upgraded M.D.C. from an “underweight” rating to a “neutral” rating in a research note on Monday, July 8th. Finally, Wells Fargo & Co set a $2,100.00 price target on Amazon.com and gave the stock a “buy” rating in a research note on Monday, March 18th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $38.82.

In other news, VP Brian J. Stief sold 126,158 shares of the company’s stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $39.09, for a total value of $4,931,516.22. Following the completion of the sale, the vice president now directly owns 154,860 shares in the company, valued at approximately $6,053,477.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Jeffrey M. Williams sold 4,166 shares of the company’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $39.50, for a total value of $164,557.00. Following the completion of the sale, the vice president now owns 194,406 shares of the company’s stock, valued at $7,679,037. The disclosure for this sale can be found here. Insiders sold a total of 279,718 shares of company stock valued at $11,171,350 over the last 90 days. 0.50% of the stock is currently owned by company insiders.

Several institutional investors have recently modified their holdings of JCI. Moody National Bank Trust Division lifted its holdings in shares of Johnson Controls International by 34.7% in the 1st quarter. Moody National Bank Trust Division now owns 1,142 shares of the company’s stock valued at $42,000 after acquiring an additional 294 shares during the last quarter. Bronfman E.L. Rothschild L.P. lifted its holdings in shares of Johnson Controls International by 4.4% in the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 7,251 shares of the company’s stock valued at $215,000 after acquiring an additional 306 shares during the last quarter. Bollard Group LLC lifted its holdings in shares of Johnson Controls International by 0.4% in the 1st quarter. Bollard Group LLC now owns 78,352 shares of the company’s stock valued at $2,894,000 after acquiring an additional 330 shares during the last quarter. Massmutual Trust Co. FSB ADV lifted its holdings in shares of Johnson Controls International by 26.3% in the 4th quarter. Massmutual Trust Co. FSB ADV now owns 1,600 shares of the company’s stock valued at $47,000 after acquiring an additional 333 shares during the last quarter. Finally, Institutional & Family Asset Management LLC lifted its holdings in shares of Johnson Controls International by 15.4% in the 1st quarter. Institutional & Family Asset Management LLC now owns 2,734 shares of the company’s stock valued at $101,000 after acquiring an additional 364 shares during the last quarter. Hedge funds and other institutional investors own 91.01% of the company’s stock.

Johnson Controls International Company 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. The company designs, sells, installs, and services heating, ventilating, and air conditioning systems, controls systems, integrated electronic security systems, and integrated fire detection and suppression systems for commercial, industrial, retail, small business, institutional, and governmental customers; and energy efficiency solutions and technical services, including inspection, scheduled maintenance, and repair and replacement of mechanical and control systems, to non-residential building and industrial applications.

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