Barrow Hanley Mewhinney & Strauss LLC Acquires 3,880,146 Shares of Johnson Controls International plc (NYSE:JCI)

Barrow Hanley Mewhinney & Strauss LLC increased its stake in Johnson Controls International plc (NYSE:JCI) by 686.4% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,445,418 shares of the company’s stock after acquiring an additional 3,880,146 shares during the quarter. Barrow Hanley Mewhinney & Strauss LLC owned 0.67% of Johnson Controls International worth $295,487,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Summit Trail Advisors LLC increased its stake in Johnson Controls International by 4.6% in the second quarter. Summit Trail Advisors LLC now owns 3,715 shares of the company’s stock valued at $248,000 after purchasing an additional 163 shares in the last quarter. AE Wealth Management LLC grew its stake in shares of Johnson Controls International by 1,512.9% in the 2nd quarter. AE Wealth Management LLC now owns 54,160 shares of the company’s stock valued at $3,600,000 after buying an additional 50,802 shares during the period. Bridges Investment Management Inc. grew its stake in shares of Johnson Controls International by 41.2% in the 2nd quarter. Bridges Investment Management Inc. now owns 7,260 shares of the company’s stock valued at $483,000 after buying an additional 2,118 shares during the period. Benjamin F. Edwards & Company Inc. increased its position in Johnson Controls International by 4.8% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 9,139 shares of the company’s stock valued at $607,000 after buying an additional 417 shares in the last quarter. Finally, Ieq Capital LLC raised its stake in Johnson Controls International by 12.0% during the 2nd quarter. Ieq Capital LLC now owns 28,568 shares of the company’s stock worth $1,899,000 after buying an additional 3,063 shares during the period. Institutional investors and hedge funds own 90.05% of the company’s stock.

Johnson Controls International Price Performance

Johnson Controls International stock opened at $74.10 on Friday. The stock has a market cap of $49.92 billion, a P/E ratio of 30.00, a P/E/G ratio of 1.91 and a beta of 1.29. 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 company’s 50 day moving average price is $69.95 and its two-hundred day moving average price is $67.79. Johnson Controls International plc has a 52 week low of $47.90 and a 52 week high of $75.36.

Johnson Controls International (NYSE:JCI) last posted its quarterly earnings data on Wednesday, July 31st. The company reported $1.14 earnings per share for the quarter, topping the consensus estimate of $1.08 by $0.06. The business had revenue of $7.23 billion for the quarter, compared to analysts’ expectations of $7.53 billion. Johnson Controls International had a return on equity of 13.64% and a net margin of 6.02%. The business’s revenue was up 1.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.03 earnings per share. On average, equities analysts predict that Johnson Controls International plc will post 3.67 earnings per share for the current year.

Johnson Controls International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 18th. Investors of record on Wednesday, September 25th will be given a dividend of $0.37 per share. The ex-dividend date is Wednesday, September 25th. This represents a $1.48 annualized dividend and a yield of 2.00%. Johnson Controls International’s payout ratio is currently 59.92%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on JCI. StockNews.com raised Johnson Controls International from a “hold” rating to a “buy” rating in a research note on Friday, August 2nd. Barclays reduced their price target on shares of 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. Bank of America upgraded shares of Johnson Controls International from a “neutral” rating to a “buy” rating and boosted their price target for the company from $76.00 to $80.00 in a research note on Tuesday, September 10th. Morgan Stanley started coverage on shares of Johnson Controls International in a research note on Friday, September 6th. They issued an “overweight” rating and a $85.00 price objective on the stock. Finally, Royal Bank of Canada raised shares of Johnson Controls International from an “underperform” rating to a “sector perform” rating and boosted their target price for the stock from $61.00 to $69.00 in a research report on Wednesday, August 14th. Eleven analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, Johnson Controls International currently has a consensus rating of “Hold” and a consensus price target of $70.21.

Insider Activity at Johnson Controls International

In other Johnson Controls International news, CEO George Oliver sold 110,615 shares of Johnson Controls International stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $72.67, for a total value of $8,038,392.05. Following the sale, the chief executive officer now owns 1,243,751 shares of the company’s stock, valued at $90,383,385.17. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CEO George Oliver sold 110,615 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The shares were 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 approximately $90,383,385.17. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO Nathan D. Manning sold 1,167 shares of Johnson Controls International 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 sale, the chief operating officer now directly owns 103,866 shares in the company, valued at approximately $7,344,364.86. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 115,046 shares of company stock worth $8,347,562. 0.69% of the stock is owned by company insiders.

Johnson Controls International Company 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.