Cetera Investment Advisers Buys 18,089 Shares of Johnson Controls International plc (NYSE:JCI)

Cetera Investment Advisers lifted its position in Johnson Controls International plc (NYSE:JCI) by 11.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 176,069 shares of the company’s stock after buying an additional 18,089 shares during the quarter. Cetera Investment Advisers’ holdings in Johnson Controls International were worth $11,703,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. SPC Financial Inc. lifted its stake in Johnson Controls International by 19.7% during the second quarter. SPC Financial Inc. now owns 7,838 shares of the company’s stock worth $521,000 after purchasing an additional 1,289 shares during the last quarter. Advisory Alpha LLC grew its stake in shares of Johnson Controls International by 75.4% during the second quarter. Advisory Alpha LLC now owns 5,464 shares of the company’s stock valued at $363,000 after buying an additional 2,348 shares during the last quarter. Truist Financial Corp increased its holdings in shares of Johnson Controls International by 1.1% in the second quarter. Truist Financial Corp now owns 250,059 shares of the company’s stock worth $16,621,000 after buying an additional 2,662 shares during the period. Point72 Asset Management L.P. lifted its stake in shares of Johnson Controls International by 263.9% in the 2nd quarter. Point72 Asset Management L.P. now owns 1,341,919 shares of the company’s stock valued at $89,197,000 after acquiring an additional 973,145 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. boosted its holdings in Johnson Controls International by 30.1% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 18,491 shares of the company’s stock valued at $1,236,000 after acquiring an additional 4,281 shares during the period. 90.05% of the stock is currently owned by institutional investors.

Insider Activity

In other news, COO Nathan D. Manning sold 1,167 shares of Johnson Controls International stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $72.75, for a total transaction of $84,899.25. Following the sale, the chief operating officer now directly owns 143,488 shares in the company, valued at $10,438,752. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Johnson Controls International news, COO Nathan D. Manning sold 1,167 shares of the stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $72.75, for a total transaction of $84,899.25. Following the completion of the sale, the chief operating officer now owns 143,488 shares of the company’s stock, valued at $10,438,752. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO George Oliver sold 110,615 shares of the company’s stock in a transaction dated 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 approximately $90,383,385.17. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 116,879 shares of company stock valued at $8,503,656 over the last quarter. 0.69% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research firms recently weighed in on JCI. Oppenheimer lifted their price target on shares of Johnson Controls International from $79.00 to $86.00 and gave the company an “outperform” rating in a report on Wednesday. Robert W. Baird increased 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. Royal Bank of Canada upgraded shares of Johnson Controls International from an “underperform” rating to a “sector perform” rating and boosted their target price for the company from $61.00 to $69.00 in a report on Wednesday, August 14th. Barclays boosted their price target on Johnson Controls International from $62.00 to $64.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Finally, The Goldman Sachs Group lifted their target price on shares of Johnson Controls International from $73.00 to $81.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Eleven 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 presently has a consensus rating of “Hold” and an average target price of $72.21.

Johnson Controls International Price Performance

Shares of JCI opened at $75.68 on Friday. The stock has a fifty day moving average price of $71.35 and a 200 day moving average price of $68.77. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.96 and a quick ratio of 0.73. The company has a market cap of $50.55 billion, a P/E ratio of 30.64, a PEG ratio of 1.87 and a beta of 1.29. Johnson Controls International plc has a 12 month low of $47.90 and a 12 month high of $78.23.

Johnson Controls International (NYSE:JCI) last released its quarterly earnings results 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 company had revenue of $7.23 billion during 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 firm’s revenue was up 1.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.03 EPS. On average, research analysts forecast that Johnson Controls International plc will post 3.68 earnings per share for the current year.

Johnson Controls International Dividend Announcement

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 paid a dividend of $0.37 per share. 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 1.96%. Johnson Controls International’s dividend payout ratio (DPR) is presently 59.92%.

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.