Bridges Investment Management Inc. Acquires 2,118 Shares of Johnson Controls International plc (NYSE:JCI)

Bridges Investment Management Inc. increased its holdings in shares of Johnson Controls International plc (NYSE:JCI) by 41.2% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 7,260 shares of the company’s stock after purchasing an additional 2,118 shares during the quarter. Bridges Investment Management Inc.’s holdings in Johnson Controls International were worth $483,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of the business. Gilbert & Cook Inc. raised its holdings in shares of Johnson Controls International by 4.9% during the fourth quarter. Gilbert & Cook Inc. now owns 7,115 shares of the company’s stock worth $410,000 after acquiring an additional 334 shares during the period. D.A. Davidson & CO. increased its holdings in Johnson Controls International by 33.1% during the 4th quarter. D.A. Davidson & CO. now owns 26,919 shares of the company’s stock worth $1,552,000 after purchasing an additional 6,697 shares in the last quarter. Corient Private Wealth LLC lifted its holdings in shares of Johnson Controls International by 2.5% in the fourth quarter. Corient Private Wealth LLC now owns 125,374 shares of the company’s stock valued at $7,227,000 after purchasing an additional 3,070 shares in the last quarter. Assetmark Inc. boosted its position in shares of Johnson Controls International by 10.8% during the fourth quarter. Assetmark Inc. now owns 61,181 shares of the company’s stock worth $3,526,000 after buying an additional 5,948 shares during the period. Finally, Cambridge Investment Research Advisors Inc. grew its holdings in shares of Johnson Controls International by 27.6% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 79,840 shares of the company’s stock worth $4,602,000 after buying an additional 17,263 shares in the last quarter. 90.05% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on JCI shares. Bank of America upgraded Johnson Controls International from a “neutral” rating to a “buy” rating and boosted their target price for the company from $76.00 to $80.00 in a research note on Tuesday, September 10th. Oppenheimer increased their target price on shares of Johnson Controls International from $70.00 to $76.00 and gave the stock an “outperform” rating in a report on Thursday, June 27th. The Goldman Sachs Group lifted their price target on shares of Johnson Controls International from $73.00 to $81.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. StockNews.com upgraded shares of Johnson Controls International from a “hold” rating to a “buy” rating in a research note on Friday, August 2nd. Finally, Barclays lowered their target price on Johnson Controls International from $62.00 to $61.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 10th. Eleven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $70.21.

Insiders Place Their Bets

In related news, COO Nathan D. Manning sold 1,167 shares of the company’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $70.71, for a total value of $82,518.57. Following the transaction, the chief operating officer now directly owns 103,866 shares in the company, valued at $7,344,364.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 completion of the sale, the chief executive officer now directly owns 1,243,751 shares in the company, valued at $90,383,385.17. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, COO Nathan D. Manning sold 1,167 shares of the stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $70.71, for a total value of $82,518.57. Following the sale, the chief operating officer now directly owns 103,866 shares in the company, valued at approximately $7,344,364.86. The disclosure for this sale can be found here. Insiders have sold 115,046 shares of company stock worth $8,347,562 in the last 90 days. Company insiders own 0.69% of the company’s stock.

Johnson Controls International Price Performance

Shares of JCI opened at $74.10 on Friday. The company’s 50-day moving average is $69.95 and its 200-day moving average is $67.79. 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 firm has a market capitalization of $49.92 billion, a PE ratio of 30.00, a PEG ratio of 1.91 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 $75.36.

Johnson Controls International (NYSE:JCI) last released its quarterly 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 firm had revenue of $7.23 billion for the quarter, compared to analysts’ expectations of $7.53 billion. During the same period in the prior year, the firm earned $1.03 EPS. The business’s revenue was up 1.4% on a year-over-year basis. Equities analysts forecast that Johnson Controls International plc will post 3.67 EPS for the current year.

Johnson Controls International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 18th. Shareholders of record on Wednesday, September 25th will be issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 2.00%. The ex-dividend date of this dividend is Wednesday, September 25th. Johnson Controls International’s dividend payout ratio is 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.