SageView Advisory Group LLC Buys Shares of 4,801 Johnson Controls International plc (NYSE:JCI)

SageView Advisory Group LLC purchased a new position in shares of Johnson Controls International plc (NYSE:JCI) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 4,801 shares of the company’s stock, valued at approximately $262,000.

A number of other institutional investors and hedge funds have also modified their holdings of JCI. Fisher Asset Management LLC raised its position in shares of Johnson Controls International by 4.7% during the 4th quarter. Fisher Asset Management LLC now owns 13,514,262 shares of the company’s stock valued at $778,962,000 after acquiring an additional 604,142 shares during the last quarter. Syon Capital LLC acquired a new position in Johnson Controls International in the fourth quarter valued at about $209,000. Teachers Retirement System of The State of Kentucky boosted its holdings in Johnson Controls International by 3.9% during the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 212,723 shares of the company’s stock worth $12,261,000 after buying an additional 7,911 shares during the last quarter. Auxier Asset Management grew its position in shares of Johnson Controls International by 44.5% during the 4th quarter. Auxier Asset Management now owns 6,499 shares of the company’s stock worth $375,000 after buying an additional 2,000 shares during the period. Finally, V Square Quantitative Management LLC increased its stake in shares of Johnson Controls International by 38.1% in the 4th quarter. V Square Quantitative Management LLC now owns 11,015 shares of the company’s stock valued at $635,000 after acquiring an additional 3,041 shares during the last quarter. 90.05% of the stock is owned by institutional investors.

Johnson Controls International Price Performance

Shares of NYSE JCI opened at $68.19 on Friday. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.87 and a quick ratio of 0.65. The business has a 50-day moving average of $67.86 and a 200-day moving average of $61.64. The stock has a market capitalization of $45.94 billion, a price-to-earnings ratio of 27.61, a PEG ratio of 1.78 and a beta of 1.29. Johnson Controls International plc has a fifty-two week low of $47.90 and a fifty-two week high of $74.23.

Johnson Controls International (NYSE:JCI) last posted its quarterly earnings results on Wednesday, May 1st. The company reported $0.78 earnings per share for the quarter, beating analysts’ consensus estimates of $0.75 by $0.03. Johnson Controls International had a return on equity of 13.21% and a net margin of 6.32%. The firm had revenue of $6.70 billion during the quarter, compared to the consensus estimate of $7.51 billion. During the same period last year, the company earned $0.75 earnings per share. The business’s revenue was down 6.1% compared to the same quarter last year. As a group, sell-side analysts predict that Johnson Controls International plc will post 3.59 earnings per share for the current fiscal year.

Johnson Controls International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 19th. Shareholders of record on Monday, June 24th will be paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 2.17%. The ex-dividend date of this dividend is Monday, June 24th. Johnson Controls International’s dividend payout ratio is currently 59.92%.

Analyst Ratings Changes

Several equities research analysts have weighed in on JCI shares. Oppenheimer cut their target price on shares of Johnson Controls International from $71.00 to $70.00 and set an “outperform” rating on the stock in a report on Thursday, May 2nd. UBS Group cut Johnson Controls International from a “buy” rating to a “neutral” rating and decreased their target price for the company from $74.00 to $68.00 in a research note on Monday, May 6th. Wells Fargo & Company raised their price target on Johnson Controls International from $64.00 to $73.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 2nd. Mizuho lowered Johnson Controls International from a “buy” rating to a “neutral” rating and set a $62.00 price objective for the company. in a research report on Friday, February 23rd. Finally, Barclays dropped their target price on shares of Johnson Controls International from $61.00 to $59.00 and set an “equal weight” rating on the stock in a report on Thursday, May 2nd. One analyst has rated the stock with a sell rating, ten have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Johnson Controls International presently has an average rating of “Hold” and a consensus price target of $63.00.

Insider Activity

In related news, COO Nathan D. Manning sold 3,000 shares of the firm’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $62.86, for a total value of $188,580.00. Following the completion of the sale, the chief operating officer now directly owns 106,891 shares in the company, valued at approximately $6,719,168.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, VP Daniel C. Mcconeghy sold 9,342 shares of the stock in a transaction on Friday, May 10th. The stock was sold at an average price of $65.50, for a total value of $611,901.00. Following the sale, the vice president now owns 25,378 shares in the company, valued at approximately $1,662,259. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Nathan D. Manning sold 3,000 shares of Johnson Controls International stock in a transaction on Monday, May 6th. The stock was sold at an average price of $62.86, for a total transaction of $188,580.00. Following the transaction, the chief operating officer now directly owns 106,891 shares of the company’s stock, valued at $6,719,168.26. The disclosure for this sale can be found here. Insiders sold a total of 16,900 shares of company stock valued at $1,085,145 in the last quarter. Company insiders own 0.69% of the company’s stock.

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.