Meiji Yasuda Asset Management Co Ltd. Has $1.51 Million Position in Johnson Controls International plc (NYSE:JCI)

Meiji Yasuda Asset Management Co Ltd. raised its stake in shares of Johnson Controls International plc (NYSE:JCI) by 4.4% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 22,781 shares of the company’s stock after buying an additional 950 shares during the period. Meiji Yasuda Asset Management Co Ltd.’s holdings in Johnson Controls International were worth $1,514,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Rise Advisors LLC acquired a new position in Johnson Controls International in the first quarter worth approximately $25,000. Continuum Advisory LLC raised its holdings in shares of Johnson Controls International by 65.2% during the 2nd quarter. Continuum Advisory LLC now owns 527 shares of the company’s stock valued at $35,000 after purchasing an additional 208 shares in the last quarter. Hexagon Capital Partners LLC lifted its stake in shares of 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 purchasing an additional 202 shares during the last quarter. Friedenthal Financial bought a new stake in Johnson Controls International in the second quarter worth $47,000. Finally, Centerpoint Advisors LLC increased its position in Johnson Controls International by 126.8% during the first quarter. Centerpoint Advisors LLC now owns 737 shares of the company’s stock worth $48,000 after buying an additional 412 shares during the last quarter. Institutional investors and hedge funds own 90.05% of the company’s stock.

Johnson Controls International Price Performance

Shares of Johnson Controls International stock opened at $74.23 on Friday. The stock has a market capitalization of $49.59 billion, a price-to-earnings ratio of 30.05, a P/E/G ratio of 1.91 and a beta of 1.29. The firm’s 50-day moving average price is $69.87 and its two-hundred day moving average price is $67.64. The company has a current ratio of 0.96, a quick ratio of 0.73 and a debt-to-equity ratio of 0.46. Johnson Controls International plc has a 1-year low of $47.90 and a 1-year high of $75.36.

Johnson Controls International (NYSE:JCI) last released its quarterly earnings results on Wednesday, July 31st. The company reported $1.14 EPS for the quarter, topping analysts’ consensus estimates of $1.08 by $0.06. Johnson Controls International had a return on equity of 13.64% and a net margin of 6.02%. The business had revenue of $7.23 billion for the quarter, compared to analyst estimates of $7.53 billion. During the same period in the prior year, the company earned $1.03 EPS. Johnson Controls International’s revenue for the quarter was up 1.4% on a year-over-year basis. On average, equities analysts predict that Johnson Controls International plc will post 3.67 earnings per share 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. Shareholders of record on Wednesday, September 25th will be issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 1.99%. The ex-dividend date of this dividend is Wednesday, September 25th. Johnson Controls International’s dividend payout ratio is currently 59.92%.

Insiders Place Their Bets

In other news, COO Nathan D. Manning sold 1,167 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $70.71, for a total transaction of $82,518.57. Following the transaction, the chief operating officer now directly owns 103,866 shares in the company, valued at $7,344,364.86. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO George Oliver sold 110,615 shares of the business’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $72.67, for a total transaction of $8,038,392.05. Following the completion of the sale, the chief executive officer now owns 1,243,751 shares in the company, valued at $90,383,385.17. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, COO Nathan D. Manning sold 1,167 shares of the firm’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $70.71, for a total value of $82,518.57. Following the completion of the transaction, the chief operating officer now owns 103,866 shares in the company, valued at approximately $7,344,364.86. The disclosure for this sale can be found here. Insiders have sold a total of 114,860 shares of company stock valued at $8,333,834 in the last 90 days. 0.69% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of brokerages have issued reports on JCI. Barclays decreased their target price on Johnson Controls International from $62.00 to $61.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 10th. Royal Bank of Canada raised shares of Johnson Controls International from an “underperform” rating to a “sector perform” rating and upped their price objective for the company from $61.00 to $69.00 in a research report on Wednesday, August 14th. Bank of America raised 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 report on Tuesday, September 10th. Robert W. Baird lifted their price objective on Johnson Controls International from $72.00 to $78.00 and gave the stock a “neutral” rating in a report on Thursday, August 1st. Finally, StockNews.com upgraded Johnson Controls International from a “hold” rating to a “buy” rating in a research note on Friday, August 2nd. Eleven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $70.21.

Johnson Controls International 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.