Ieq Capital LLC Has $1.90 Million Stock Position in Johnson Controls International plc (NYSE:JCI)

Ieq Capital LLC grew its position in Johnson Controls International plc (NYSE:JCI) by 12.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 28,568 shares of the company’s stock after acquiring an additional 3,063 shares during the quarter. Ieq Capital LLC’s holdings in Johnson Controls International were worth $1,899,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. XTX Topco Ltd lifted its position in Johnson Controls International by 18.8% in the second quarter. XTX Topco Ltd now owns 19,887 shares of the company’s stock worth $1,322,000 after purchasing an additional 3,153 shares during the period. Foresight Group Ltd Liability Partnership lifted its holdings in shares of Johnson Controls International by 86.3% during the 2nd quarter. Foresight Group Ltd Liability Partnership now owns 16,520 shares of the company’s stock worth $1,098,000 after acquiring an additional 7,653 shares during the period. Seven Eight Capital LP acquired a new stake in shares of Johnson Controls International during the 2nd quarter valued at about $408,000. Hsbc Holdings PLC increased its stake in Johnson Controls International by 83.1% in the second quarter. Hsbc Holdings PLC now owns 582,039 shares of the company’s stock valued at $38,947,000 after acquiring an additional 264,187 shares during the period. Finally, Blair William & Co. IL raised its position in Johnson Controls International by 13.2% in the second quarter. Blair William & Co. IL now owns 11,676 shares of the company’s stock worth $776,000 after purchasing an additional 1,358 shares in the last quarter. Institutional investors and hedge funds own 90.05% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on JCI. The Goldman Sachs Group lifted their price objective on Johnson Controls International from $73.00 to $81.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Robert W. Baird boosted their price target on Johnson Controls International from $72.00 to $78.00 and gave the company a “neutral” rating in a research note on Thursday, August 1st. Morgan Stanley assumed coverage on Johnson Controls International in a research note on Friday, September 6th. They set an “overweight” rating and a $85.00 price objective for the company. Royal Bank of Canada raised Johnson Controls International from an “underperform” rating to a “sector perform” rating and lifted their price objective for the company from $61.00 to $69.00 in a report on Wednesday, August 14th. Finally, Barclays lowered their target price on shares of Johnson Controls International from $62.00 to $61.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 10th. Eleven investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, Johnson Controls International has an average rating of “Hold” and a consensus price target of $70.21.

Insiders Place Their Bets

In other news, 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 transaction, the chief operating officer now owns 103,866 shares of the company’s stock, valued at approximately $7,344,364.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, COO Nathan D. Manning sold 1,167 shares of the business’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 completion of the sale, the chief operating officer now directly owns 103,866 shares of the company’s stock, valued at $7,344,364.86. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO George Oliver sold 110,615 shares of the company’s stock in a transaction 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 sale, the chief executive officer now owns 1,243,751 shares of the company’s stock, valued at approximately $90,383,385.17. The disclosure for this sale can be found here. In the last three months, insiders sold 115,046 shares of company stock valued at $8,347,562. 0.69% of the stock is currently owned by insiders.

Johnson Controls International Trading Down 0.2 %

Shares of NYSE JCI opened at $74.10 on Monday. Johnson Controls International plc has a 1-year low of $47.90 and a 1-year high of $75.36. The company has a 50-day moving average of $69.95 and a two-hundred day moving average of $67.84. The company has a market cap of $49.92 billion, a PE ratio of 30.00, a P/E/G ratio of 1.91 and a beta of 1.29. 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 (NYSE:JCI) last posted its quarterly earnings data on Wednesday, July 31st. The company reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.08 by $0.06. The firm had revenue of $7.23 billion for the quarter, compared to the consensus estimate 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 for the quarter was up 1.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.03 EPS. As a group, equities analysts expect that Johnson Controls International plc will post 3.67 earnings per share for the current fiscal year.

Johnson Controls International Announces Dividend

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

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.