Johnson Controls International plc (NYSE:JCI) Shares Bought by Summit Trail Advisors LLC

Summit Trail Advisors LLC raised its holdings in Johnson Controls International plc (NYSE:JCI) by 4.6% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,715 shares of the company’s stock after acquiring an additional 163 shares during the quarter. Summit Trail Advisors LLC’s holdings in Johnson Controls International were worth $248,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Rise Advisors LLC acquired a new stake in Johnson Controls International in the first quarter valued at $25,000. Continuum Advisory LLC lifted its holdings in Johnson Controls International by 65.2% in the second quarter. Continuum Advisory LLC now owns 527 shares of the company’s stock valued at $35,000 after acquiring an additional 208 shares during the period. Hexagon Capital Partners LLC lifted its holdings in Johnson Controls International by 39.7% in the second quarter. Hexagon Capital Partners LLC now owns 711 shares of the company’s stock valued at $47,000 after acquiring an additional 202 shares during the period. Friedenthal Financial acquired a new stake in Johnson Controls International in the second quarter valued at $47,000. Finally, Centerpoint Advisors LLC lifted its holdings in Johnson Controls International by 126.8% in the first quarter. Centerpoint Advisors LLC now owns 737 shares of the company’s stock valued at $48,000 after acquiring an additional 412 shares during the period. Institutional investors and hedge funds own 90.05% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Wells Fargo & Company raised their target price on Johnson Controls International from $75.00 to $80.00 and gave the company an “overweight” rating in a report on Thursday, August 1st. Royal Bank of Canada upgraded Johnson Controls International from an “underperform” rating to a “sector perform” rating and raised their price target for the company from $61.00 to $69.00 in a research report on Wednesday, August 14th. Oppenheimer raised their price target on Johnson Controls International from $70.00 to $76.00 and gave the company an “outperform” rating in a research report on Thursday, June 27th. Robert W. Baird raised their price target on Johnson Controls International from $72.00 to $78.00 and gave the company a “neutral” rating in a research report on Thursday, August 1st. Finally, Morgan Stanley initiated coverage on Johnson Controls International in a research report on Friday, September 6th. They issued an “overweight” rating and a $85.00 price target for the company. Eleven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $70.21.

Johnson Controls International Stock Up 0.4 %

Shares of NYSE:JCI opened at $75.55 on Wednesday. The stock’s 50-day moving average price is $70.13 and its two-hundred day moving average price is $68.04. 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 12-month low of $47.90 and a 12-month high of $75.98. The firm has a market cap of $50.90 billion, a price-to-earnings ratio of 30.59, a PEG ratio of 1.91 and a beta of 1.29.

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

Johnson Controls International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 18th. Stockholders of record on Wednesday, September 25th will be paid a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 1.96%. The ex-dividend date of this dividend is Wednesday, September 25th. Johnson Controls International’s dividend payout ratio is currently 59.92%.

Insider Activity

In other news, COO Nathan D. Manning sold 1,167 shares of Johnson Controls International stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $70.71, for a total value of $82,518.57. Following the transaction, the chief operating officer now directly owns 103,866 shares of the company’s stock, valued at approximately $7,344,364.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO George Oliver sold 110,615 shares of the business’s stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 1,243,751 shares of the company’s stock, valued at approximately $90,383,385.17. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Nathan D. Manning sold 1,167 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $70.71, for a total value 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 disclosure for this sale can be found here. Insiders have sold 115,046 shares of company stock valued at $8,347,562 in the last three months. Corporate insiders own 0.69% of the company’s stock.

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.