Sanctuary Advisors LLC Invests $6.75 Million in Johnson Controls International plc (NYSE:JCI)

Sanctuary Advisors LLC purchased a new stake in Johnson Controls International plc (NYSE:JCI) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 103,727 shares of the company’s stock, valued at approximately $6,754,000.

A number of other institutional investors also recently modified their holdings of JCI. Rise Advisors LLC bought a new stake in Johnson Controls International during the 1st quarter valued at $25,000. Continuum Advisory LLC grew its holdings in 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 buying an additional 208 shares in the last quarter. Hexagon Capital Partners LLC increased its position in shares of Johnson Controls International by 39.7% during the second quarter. Hexagon Capital Partners LLC now owns 711 shares of the company’s stock valued at $47,000 after buying an additional 202 shares during the period. Friedenthal Financial bought a new stake in shares of Johnson Controls International during the second quarter valued at about $47,000. Finally, Centerpoint Advisors LLC lifted its holdings in shares of Johnson Controls International by 126.8% in the first quarter. Centerpoint Advisors LLC now owns 737 shares of the company’s stock worth $48,000 after buying an additional 412 shares in the last quarter. 90.05% of the stock is currently owned by hedge funds and other institutional investors.

Johnson Controls International Trading Up 0.3 %

NYSE:JCI opened at $75.68 on Friday. The firm has a market capitalization of $50.55 billion, a P/E ratio of 30.64, a P/E/G ratio of 1.87 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 has a fifty day moving average of $71.35 and a 200 day moving average of $68.74. Johnson Controls International plc has a 52 week low of $47.90 and a 52 week high of $78.23.

Johnson Controls International (NYSE:JCI) last posted its earnings results on Wednesday, July 31st. The company reported $1.14 earnings per share for the quarter, topping analysts’ consensus estimates of $1.08 by $0.06. The company had revenue of $7.23 billion during the quarter, compared to analyst estimates of $7.53 billion. Johnson Controls International had a net margin of 6.02% and a return on equity of 13.64%. Johnson Controls International’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.03 earnings per share. On average, research analysts predict that Johnson Controls International plc will post 3.68 earnings per share for the current year.

Johnson Controls International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 18th. Investors of record on Wednesday, September 25th will be issued a dividend of $0.37 per share. The ex-dividend date is Wednesday, September 25th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.96%. Johnson Controls International’s dividend payout ratio is presently 59.92%.

Insider Buying and Selling

In other Johnson Controls International news, CEO George Oliver sold 110,615 shares of the business’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 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 trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, COO Nathan D. Manning sold 3,000 shares of Johnson Controls International stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $77.08, for a total transaction of $231,240.00. Following the sale, the chief operating officer now directly owns 140,488 shares in the company, valued at $10,828,815.04. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO George Oliver sold 110,615 shares of the stock in a transaction on Monday, September 16th. The stock was sold at an average price of $72.67, for a total value of $8,038,392.05. Following the completion of the transaction, the chief executive officer now owns 1,243,751 shares of the company’s stock, 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.

Analyst Upgrades and Downgrades

Several research firms have issued reports on JCI. Oppenheimer increased their target price on shares of Johnson Controls International from $79.00 to $86.00 and gave the stock an “outperform” rating in a research note on Wednesday. Royal Bank of Canada upgraded 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. StockNews.com raised Johnson Controls International from a “hold” rating to a “buy” rating in a report on Friday, August 2nd. Morgan Stanley initiated coverage on shares of Johnson Controls International in a report on Friday, September 6th. They set an “overweight” rating and a $85.00 price objective for the company. Finally, Robert W. Baird increased their target price 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. Eleven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, Johnson Controls International has a consensus rating of “Hold” and an average target price of $72.21.

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.