Exchange Traded Concepts LLC Acquires 1,112 Shares of Johnson Controls International plc (NYSE:JCI)

Exchange Traded Concepts LLC boosted its holdings in shares of Johnson Controls International plc (NYSE:JCI) by 170.8% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,763 shares of the company’s stock after acquiring an additional 1,112 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Johnson Controls International were worth $137,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the business. Continuum Advisory LLC increased its position in shares of Johnson Controls International by 65.2% during 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 increased its holdings in Johnson Controls International by 39.7% during the 2nd 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 period. Friedenthal Financial bought a new stake in Johnson Controls International during the 2nd quarter valued at $47,000. Centerpoint Advisors LLC raised its position in Johnson Controls International by 126.8% during the 1st quarter. Centerpoint Advisors LLC now owns 737 shares of the company’s stock valued at $48,000 after purchasing an additional 412 shares in the last quarter. Finally, Family Firm Inc. purchased a new stake in shares of Johnson Controls International in the 2nd quarter worth $48,000. Institutional investors own 90.05% of the company’s stock.

Insider Activity at Johnson Controls International

In other news, COO Nathan D. Manning sold 1,167 shares of the business’s stock in a transaction dated 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. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Johnson Controls International news, COO Nathan D. Manning sold 1,167 shares of the stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $72.75, for a total value of $84,899.25. Following the completion of the sale, the chief operating officer now owns 143,488 shares in the company, valued at approximately $10,438,752. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO George Oliver sold 110,615 shares of the stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $76.79, for a total value of $8,494,125.85. Following the completion of the sale, the chief executive officer now directly owns 1,243,751 shares of the company’s stock, valued at approximately $95,507,639.29. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 227,494 shares of company stock valued at $16,999,239. 0.69% of the stock is owned by company insiders.

Analysts Set New Price Targets

JCI has been the subject of several research reports. Oppenheimer upped their price target on shares of Johnson Controls International from $79.00 to $86.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 2nd. 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 report on Thursday, August 1st. Barclays upped their price objective on Johnson Controls International from $62.00 to $64.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 2nd. StockNews.com raised Johnson Controls International from a “hold” rating to a “buy” rating in a research report on Friday, October 18th. Finally, Mizuho boosted their target price on shares of Johnson Controls International from $62.00 to $75.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th. Eleven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, Johnson Controls International has a consensus rating of “Hold” and a consensus target price of $73.43.

Johnson Controls International Price Performance

Shares of JCI opened at $76.66 on Wednesday. The business’s 50-day moving average is $73.50 and its two-hundred day moving average is $69.83. The company has a market capitalization of $51.21 billion, a P/E ratio of 32.08, a P/E/G ratio of 2.21 and a beta of 1.29. Johnson Controls International plc has a fifty-two week low of $47.90 and a fifty-two week high of $78.23. 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 released its quarterly earnings data on Wednesday, July 31st. The company reported $1.14 EPS for the quarter, topping 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 business’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.03 EPS. Research analysts predict that Johnson Controls International plc will post 3.68 earnings per share for the current year.

Johnson Controls International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Wednesday, September 25th were given a dividend of $0.37 per share. The ex-dividend date of this dividend was Wednesday, September 25th. This represents a $1.48 dividend on an annualized basis and a yield of 1.93%. Johnson Controls International’s dividend payout ratio is currently 61.92%.

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.