Park Avenue Securities LLC Has $1.02 Million Stake in Johnson Controls International plc (NYSE:JCI)

Park Avenue Securities LLC reduced its position in shares of Johnson Controls International plc (NYSE:JCI) by 9.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,157 shares of the company’s stock after selling 1,318 shares during the quarter. Park Avenue Securities LLC’s holdings in Johnson Controls International were worth $1,021,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in JCI. M&G Plc acquired a new stake in Johnson Controls International in the 1st quarter valued at about $120,948,000. Vanguard Group Inc. raised its stake in Johnson Controls International by 17.3% in the fourth quarter. Vanguard Group Inc. now owns 71,387,169 shares of the company’s stock valued at $4,114,756,000 after buying an additional 10,522,009 shares during the period. Cetera Investment Advisers lifted its position in shares of Johnson Controls International by 470.9% in the first quarter. Cetera Investment Advisers now owns 157,980 shares of the company’s stock valued at $10,319,000 after buying an additional 130,308 shares during the last quarter. First Hawaiian Bank boosted its stake in shares of Johnson Controls International by 24.7% during the 1st quarter. First Hawaiian Bank now owns 68,432 shares of the company’s stock worth $4,470,000 after acquiring an additional 13,547 shares during the period. Finally, Janney Montgomery Scott LLC increased its holdings in shares of Johnson Controls International by 3.5% during the 1st quarter. Janney Montgomery Scott LLC now owns 398,174 shares of the company’s stock worth $26,009,000 after acquiring an additional 13,373 shares during the last quarter. Institutional investors and hedge funds own 90.05% of the company’s stock.

Analysts Set New Price Targets

JCI has been the subject of several research reports. Wells Fargo & Company raised their price target on Johnson Controls International from $80.00 to $84.00 and gave the company an “overweight” rating in a report on Monday. Bank of America raised their target price on shares of Johnson Controls International from $80.00 to $95.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. Robert W. Baird upped their price target on shares of Johnson Controls International from $72.00 to $78.00 and gave the company a “neutral” rating in a research note on Thursday, August 1st. StockNews.com upgraded Johnson Controls International from a “hold” rating to a “buy” rating in a research report on Friday, August 2nd. Finally, Oppenheimer upped 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 note on Wednesday, October 2nd. Eleven research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $72.50.

Johnson Controls International Trading Up 1.1 %

Shares of JCI stock opened at $76.35 on Wednesday. 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 capitalization of $51.00 billion, a P/E ratio of 30.91, a P/E/G ratio of 1.99 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 stock’s fifty day simple moving average is $71.47 and its 200 day simple moving average is $68.88.

Johnson Controls International (NYSE:JCI) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $1.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business had revenue of $7.23 billion during the quarter, compared to analyst estimates of $7.53 billion. During the same quarter last year, the business earned $1.03 EPS. The firm’s quarterly revenue was up 1.4% on a year-over-year basis. As a group, sell-side analysts predict that Johnson Controls International plc will post 3.68 EPS for the current fiscal year.

Johnson Controls International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 18th. Investors of record on Wednesday, September 25th will be given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 1.94%. The ex-dividend date of this dividend is Wednesday, September 25th. Johnson Controls International’s dividend payout ratio is currently 59.92%.

Insiders Place Their Bets

In other news, COO Nathan D. Manning sold 1,167 shares of the stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $70.71, for a total value of $82,518.57. Following the completion of 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, COO Nathan D. Manning sold 1,167 shares of the company’s 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 $7,344,364.86. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO George Oliver sold 110,615 shares of the 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 sale, the chief executive officer now directly owns 1,243,751 shares of the company’s stock, valued at $90,383,385.17. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 116,879 shares of company stock valued at $8,503,656. 0.69% of the stock is currently owned by company insiders.

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.