Kowal Investment Group LLC Makes New $224,000 Investment in Johnson Controls International plc (NYSE:JCI)

Kowal Investment Group LLC bought a new position in shares of Johnson Controls International plc (NYSE:JCI) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor bought 3,425 shares of the company’s stock, valued at approximately $224,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. BKM Wealth Management LLC grew its holdings in Johnson Controls International by 48.6% during the 1st quarter. BKM Wealth Management LLC now owns 3,609 shares of the company’s stock worth $236,000 after acquiring an additional 1,181 shares in the last quarter. Optas LLC bought a new stake in shares of Johnson Controls International in the 1st quarter valued at about $202,000. Founders Financial Securities LLC bought a new stake in shares of Johnson Controls International in the 1st quarter valued at about $248,000. Foguth Wealth Management LLC. bought a new stake in shares of Johnson Controls International in the 1st quarter valued at about $252,000. Finally, Grimes & Company Inc. bought a new stake in shares of Johnson Controls International in the 1st quarter valued at about $200,000. 90.05% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on JCI. Wells Fargo & Company raised their price target on shares of Johnson Controls International from $64.00 to $73.00 and gave the company an “overweight” rating in a report on Tuesday, April 2nd. UBS Group cut shares of Johnson Controls International from a “buy” rating to a “neutral” rating and lowered their price target for the company from $74.00 to $68.00 in a report on Monday, May 6th. Oppenheimer raised their price target on shares of Johnson Controls International from $70.00 to $76.00 and gave the company an “outperform” rating in a report on Thursday, June 27th. Citigroup raised their price target on shares of Johnson Controls International from $59.00 to $68.00 and gave the company a “neutral” rating in a report on Monday, April 8th. Finally, Barclays raised their price target on shares of Johnson Controls International from $59.00 to $62.00 and gave the company an “equal weight” rating in a report on Friday, June 21st. One analyst has rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $63.82.

Johnson Controls International Stock Performance

JCI opened at $65.52 on Tuesday. Johnson Controls International plc has a 12-month low of $47.90 and a 12-month high of $74.23. The company has a current ratio of 0.87, a quick ratio of 0.65 and a debt-to-equity ratio of 0.44. The firm has a market capitalization of $44.14 billion, a PE ratio of 26.53, a P/E/G ratio of 1.73 and a beta of 1.28. The firm has a 50 day moving average of $68.24 and a two-hundred day moving average of $62.27.

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

Johnson Controls International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, July 19th. Stockholders of record on Monday, June 24th will be issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 2.26%. The ex-dividend date is Monday, June 24th. Johnson Controls International’s dividend payout ratio (DPR) is 59.92%.

Insider Activity

In other news, VP Daniel C. Mcconeghy sold 9,342 shares of Johnson Controls International stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $65.50, for a total transaction of $611,901.00. Following the completion of the transaction, the vice president now directly owns 25,378 shares of the company’s stock, valued at approximately $1,662,259. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, VP Daniel C. Mcconeghy sold 9,342 shares of Johnson Controls International stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $65.50, for a total transaction of $611,901.00. Following the completion of the transaction, the vice president now directly owns 25,378 shares of the company’s stock, valued at approximately $1,662,259. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, COO Nathan D. Manning sold 3,000 shares of the business’s 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 completion of the sale, the chief operating officer now directly owns 106,891 shares of the company’s stock, valued at approximately $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 three months. 0.69% of the stock is currently owned by corporate insiders.

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.