Creative Planning Purchases 7,375 Shares of Johnson Controls International plc (NYSE:JCI)

Creative Planning lifted its holdings in shares of Johnson Controls International plc (NYSE:JCI) by 11.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 73,594 shares of the company’s stock after acquiring an additional 7,375 shares during the quarter. Creative Planning’s holdings in Johnson Controls International were worth $5,712,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in JCI. Harrington Investments INC increased its holdings in Johnson Controls International by 1.6% in the 3rd quarter. Harrington Investments INC now owns 17,607 shares of the company’s stock worth $1,366,000 after acquiring an additional 278 shares during the last quarter. Procyon Advisors LLC bought a new stake in shares of Johnson Controls International during the 3rd quarter worth $235,000. McGlone Suttner Wealth Management Inc. bought a new position in shares of Johnson Controls International during the 3rd quarter valued at about $242,000. Exchange Traded Concepts LLC lifted its holdings in shares of Johnson Controls International by 170.8% in the 3rd quarter. Exchange Traded Concepts LLC now owns 1,763 shares of the company’s stock worth $137,000 after acquiring an additional 1,112 shares during the last quarter. Finally, Annex Advisory Services LLC purchased a new position in shares of Johnson Controls International in the third quarter worth about $203,000. Institutional investors own 90.05% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Barclays upped their price objective on shares of Johnson Controls International from $62.00 to $64.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 2nd. Robert W. Baird boosted their target price on Johnson Controls International from $72.00 to $78.00 and gave the stock a “neutral” rating in a report on Thursday, August 1st. Oppenheimer increased their target price on Johnson Controls International from $79.00 to $86.00 and gave the company an “outperform” rating in a research note on Wednesday, October 2nd. Royal Bank of Canada upgraded shares of Johnson Controls International from an “underperform” rating to a “sector perform” rating and increased their price objective for the company from $61.00 to $69.00 in a research report on Wednesday, August 14th. Finally, StockNews.com upgraded shares of Johnson Controls International from a “hold” rating to a “buy” rating in a research report on Friday, October 18th. Eleven analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, Johnson Controls International currently has an average rating of “Hold” and an average price target of $73.43.

Insider Buying and Selling

In related news, CEO George Oliver sold 110,615 shares of Johnson Controls International stock in a transaction that occurred 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 $90,383,385.17. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. In other news, CEO George Oliver sold 110,615 shares of Johnson Controls International stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $72.67, for a total value of $8,038,392.05. Following the transaction, the chief executive officer now owns 1,243,751 shares of the company’s stock, valued at $90,383,385.17. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Nathan D. Manning sold 1,167 shares of the stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $70.71, for a total value of $82,518.57. Following the sale, the chief operating officer now owns 103,866 shares of the company’s stock, valued at approximately $7,344,364.86. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 227,494 shares of company stock valued at $16,999,239 over the last quarter. 0.69% of the stock is owned by corporate insiders.

Johnson Controls International Trading Down 0.2 %

Shares of Johnson Controls International stock opened at $76.48 on Thursday. 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 firm has a market cap of $51.52 billion, a price-to-earnings ratio of 30.96, a PEG ratio of 2.21 and a beta of 1.29. Johnson Controls International plc has a twelve month low of $47.90 and a twelve month high of $78.23. The business has a 50-day moving average price of $73.66 and a 200-day moving average price of $69.88.

Johnson Controls International (NYSE:JCI) last released 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 return on equity of 13.64% and a net margin of 6.02%. The firm had revenue of $7.23 billion for the quarter, compared to the consensus estimate of $7.53 billion. During the same quarter in the previous year, the company posted $1.03 EPS. The company’s revenue for the quarter was up 1.4% compared to the same quarter last year. Equities research analysts anticipate that Johnson Controls International plc will post 3.68 EPS for the current fiscal year.

Johnson Controls International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Wednesday, September 25th were issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.94%. The ex-dividend date was Wednesday, September 25th. Johnson Controls International’s payout ratio is presently 59.92%.

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.