Saxon Interests Inc. Boosts Stake in Johnson Controls International plc (NYSE:JCI)

Saxon Interests Inc. lifted its position in Johnson Controls International plc (NYSE:JCI) by 6.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,812 shares of the company’s stock after acquiring an additional 529 shares during the period. Saxon Interests Inc.’s holdings in Johnson Controls International were worth $684,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Rise Advisors LLC purchased a new position in shares of Johnson Controls International in the first quarter worth about $25,000. Continuum Advisory LLC increased its stake in shares of Johnson Controls International by 65.2% in the second quarter. Continuum Advisory LLC now owns 527 shares of the company’s stock worth $35,000 after acquiring an additional 208 shares during the period. Hexagon Capital Partners LLC raised its holdings 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 worth $47,000 after purchasing an additional 202 shares during the last quarter. Friedenthal Financial purchased a new position in shares of Johnson Controls International during the second quarter worth $47,000. Finally, Centerpoint Advisors LLC boosted 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 purchasing an additional 412 shares during the last quarter. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Insider Buying and Selling at Johnson Controls International

In other news, COO Nathan D. Manning sold 3,000 shares of the stock in a transaction 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 completion of the transaction, the chief operating officer now directly owns 140,488 shares in the company, valued at approximately $10,828,815.04. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, COO Nathan D. Manning sold 1,167 shares of the stock in a transaction that occurred 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 transaction, the chief operating officer now owns 143,488 shares of the company’s stock, valued at approximately $10,438,752. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Nathan D. Manning sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $77.08, for a total value of $231,240.00. Following the completion of the sale, the chief operating officer now directly owns 140,488 shares in the company, valued at approximately $10,828,815.04. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 116,879 shares of company stock worth $8,503,656 over the last quarter. 0.69% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have weighed in on JCI. Oppenheimer lifted their price objective on shares of Johnson Controls International from $79.00 to $86.00 and gave the company an “outperform” rating in a report on Wednesday, October 2nd. Wells Fargo & Company lifted their price objective on Johnson Controls International from $80.00 to $84.00 and gave the stock an “overweight” rating in a report on Monday. Barclays increased their target price on Johnson Controls International from $62.00 to $64.00 and gave the company an “equal weight” rating in a report on Wednesday, October 2nd. StockNews.com raised Johnson Controls International from a “hold” rating to a “buy” rating in a research note on Friday, August 2nd. Finally, Bank of America increased their price objective on Johnson Controls International from $80.00 to $95.00 and gave the company a “buy” rating in a research note on Friday, September 27th. Eleven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $72.50.

Johnson Controls International Trading Up 1.3 %

Shares of JCI stock traded up $1.01 on Wednesday, hitting $77.36. 586,205 shares of the stock traded hands, compared to its average volume of 5,095,586. Johnson Controls International plc has a twelve month low of $47.90 and a twelve month high of $78.23. The stock has a market capitalization of $51.68 billion, a PE ratio of 30.91, a PEG ratio of 1.99 and a beta of 1.29. The firm’s 50-day moving average price is $71.62 and its two-hundred day moving average price is $68.97. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.73 and a current ratio of 0.96.

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, beating the consensus estimate of $1.08 by $0.06. Johnson Controls International had a net margin of 6.02% and a return on equity of 13.64%. The company had revenue of $7.23 billion for the quarter, compared to analyst estimates of $7.53 billion. During the same period in the previous year, the business posted $1.03 EPS. Johnson Controls International’s revenue was up 1.4% on a year-over-year basis. As a group, analysts anticipate that Johnson Controls International plc will post 3.68 EPS 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. 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 annualized dividend and a yield of 1.91%. Johnson Controls International’s dividend payout ratio (DPR) is 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.