Cullen Investment Group LTD. Raises Stock Position in Johnson Controls International plc (NYSE:JCI)

Cullen Investment Group LTD. raised its stake in shares of Johnson Controls International plc (NYSE:JCI) by 1.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 80,677 shares of the company’s stock after purchasing an additional 1,197 shares during the period. Johnson Controls International accounts for 0.9% of Cullen Investment Group LTD.’s holdings, making the stock its 29th biggest position. Cullen Investment Group LTD.’s holdings in Johnson Controls International were worth $6,261,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. Rafferty Asset Management LLC increased its stake in Johnson Controls International by 5.5% during the 4th quarter. Rafferty Asset Management LLC now owns 57,065 shares of the company’s stock worth $3,289,000 after buying an additional 2,956 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in Johnson Controls International by 99.7% in the 4th quarter. Tower Research Capital LLC TRC now owns 81,274 shares of the company’s stock valued at $4,685,000 after purchasing an additional 40,582 shares during the last quarter. Oppenheimer & Co. Inc. lifted its holdings in Johnson Controls International by 16.4% in the 4th quarter. Oppenheimer & Co. Inc. now owns 87,507 shares of the company’s stock valued at $5,044,000 after purchasing an additional 12,324 shares in the last quarter. Cetera Advisor Networks LLC boosted its stake in Johnson Controls International by 123.2% during the 4th quarter. Cetera Advisor Networks LLC now owns 109,305 shares of the company’s stock worth $6,300,000 after purchasing an additional 60,333 shares during the last quarter. Finally, 1832 Asset Management L.P. purchased a new stake in shares of Johnson Controls International during the fourth quarter worth $1,293,000. Institutional investors and hedge funds own 90.05% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on JCI. Robert W. Baird lifted their price objective on Johnson Controls International from $72.00 to $78.00 and gave the stock a “neutral” rating in a research report on Thursday, August 1st. Wells Fargo & Company upped their price objective on shares of Johnson Controls International from $75.00 to $80.00 and gave the company an “overweight” rating in a report on Thursday, August 1st. Morgan Stanley started coverage on shares of Johnson Controls International in a research note on Friday, September 6th. They set an “overweight” rating and a $85.00 target price on the stock. StockNews.com raised shares of Johnson Controls International from a “hold” rating to a “buy” rating in a research note on Friday, August 2nd. Finally, Oppenheimer lifted their price target on shares of Johnson Controls International from $79.00 to $86.00 and gave the company an “outperform” rating in a research report on Wednesday. Eleven investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, Johnson Controls International presently has an average rating of “Hold” and a consensus price target of $72.21.

Johnson Controls International Trading Up 0.3 %

NYSE:JCI traded up $0.19 on Friday, reaching $75.68. 2,436,050 shares of the company’s stock were exchanged, compared to its average volume of 5,141,395. The firm has a market capitalization of $50.55 billion, a price-to-earnings ratio of 30.64, a price-to-earnings-growth ratio of 1.87 and a beta of 1.29. Johnson Controls International plc has a 52-week low of $47.90 and a 52-week high of $78.23. 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 business has a fifty day moving average of $71.35 and a 200-day moving average of $68.74.

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

Johnson Controls International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 18th. Shareholders of record on Wednesday, September 25th will be issued 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 1.96%. Johnson Controls International’s dividend payout ratio (DPR) is 59.92%.

Insider Buying and Selling at Johnson Controls International

In related news, COO Nathan D. Manning sold 1,167 shares of the company’s 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 sale, the chief operating officer now directly owns 143,488 shares in the company, valued at approximately $10,438,752. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, COO Nathan D. Manning sold 1,167 shares of the stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $72.75, for a total value of $84,899.25. Following the transaction, the chief operating officer now owns 143,488 shares of the company’s stock, valued at $10,438,752. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available 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 stock was sold at an average price of $77.08, for a total value of $231,240.00. Following the sale, the chief operating officer now owns 140,488 shares of the company’s stock, 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 valued at $8,503,656 in the last quarter. Corporate insiders own 0.69% of the company’s stock.

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.