Perpetual Ltd Purchases 248,802 Shares of Johnson Controls International plc (NYSE:JCI)

Perpetual Ltd lifted its stake in Johnson Controls International plc (NYSE:JCI) by 4,356.5% in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 254,513 shares of the company’s stock after purchasing an additional 248,802 shares during the quarter. Perpetual Ltd’s holdings in Johnson Controls International were worth $19,753,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of JCI. Summit Trail Advisors LLC grew its position in shares of Johnson Controls International by 4.6% during the 2nd quarter. Summit Trail Advisors LLC now owns 3,715 shares of the company’s stock worth $248,000 after buying an additional 163 shares in the last quarter. Miracle Mile Advisors LLC raised its stake in shares of Johnson Controls International by 1.0% in the third quarter. Miracle Mile Advisors LLC now owns 17,011 shares of the company’s stock worth $1,320,000 after purchasing an additional 163 shares during the last quarter. Center for Financial Planning Inc. raised its stake in shares of Johnson Controls International by 5.7% in the second quarter. Center for Financial Planning Inc. now owns 3,485 shares of the company’s stock worth $232,000 after purchasing an additional 187 shares during the last quarter. Wedmont Private Capital grew its holdings in Johnson Controls International by 3.1% during the second quarter. Wedmont Private Capital now owns 6,440 shares of the company’s stock worth $451,000 after acquiring an additional 192 shares during the period. Finally, Central Pacific Bank Trust Division grew its holdings in Johnson Controls International by 0.6% during the third quarter. Central Pacific Bank Trust Division now owns 32,034 shares of the company’s stock worth $2,486,000 after acquiring an additional 200 shares during the period. Institutional investors own 90.05% of the company’s stock.

Johnson Controls International Stock Up 1.8 %

Johnson Controls International stock opened at $77.70 on Thursday. 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. The company has a market capitalization of $51.90 billion, a P/E ratio of 31.46, a PEG ratio of 1.99 and a beta of 1.29. The stock has a 50-day simple moving average of $71.74 and a 200-day simple moving average of $69.03.

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

Johnson Controls International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 18th. Investors 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 dividend yield of 1.90%. The ex-dividend date of this dividend is Wednesday, September 25th. Johnson Controls International’s dividend payout ratio is currently 59.92%.

Insider Buying and Selling at Johnson Controls International

In other Johnson Controls International news, COO Nathan D. Manning sold 1,167 shares of the stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $70.71, for a total transaction of $82,518.57. Following the sale, the chief operating officer now owns 103,866 shares in the company, valued at approximately $7,344,364.86. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, COO Nathan D. Manning sold 1,167 shares of the firm’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $70.71, for a total transaction of $82,518.57. Following the sale, the chief operating officer now owns 103,866 shares in the company, valued at $7,344,364.86. This trade represents 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 through this link. Also, COO Nathan D. Manning sold 3,000 shares of the stock in a transaction 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 completion of the transaction, the chief operating officer now directly owns 140,488 shares in the company, valued at $10,828,815.04. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 116,879 shares of company stock worth $8,503,656. 0.69% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. Oppenheimer raised their price objective on Johnson Controls International from $79.00 to $86.00 and gave the company an “outperform” rating in a report on Wednesday, October 2nd. StockNews.com upgraded Johnson Controls International from a “hold” rating to a “buy” rating in a research report on Friday, August 2nd. The Goldman Sachs Group lifted their target price on Johnson Controls International from $73.00 to $81.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Morgan Stanley started coverage on Johnson Controls International in a report on Friday, September 6th. They issued an “overweight” rating and a $85.00 price objective on the stock. Finally, Wells Fargo & Company boosted their price objective on Johnson Controls International from $80.00 to $84.00 and gave the company an “overweight” rating in a report on Monday. Eleven analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $72.50.

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.