Farther Finance Advisors LLC Acquires 2,178 Shares of Johnson Controls International plc (NYSE:JCI)

Farther Finance Advisors LLC grew its holdings in Johnson Controls International plc (NYSE:JCI) by 60.8% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 5,761 shares of the company’s stock after buying an additional 2,178 shares during the quarter. Farther Finance Advisors LLC’s holdings in Johnson Controls International were worth $377,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of JCI. International Assets Investment Management LLC bought a new stake in shares of Johnson Controls International in the fourth quarter valued at approximately $2,774,000. Gilbert & Cook Inc. grew its stake in Johnson Controls International by 4.9% during the fourth quarter. Gilbert & Cook Inc. now owns 7,115 shares of the company’s stock valued at $410,000 after acquiring an additional 334 shares in the last quarter. Axxcess Wealth Management LLC purchased a new position in Johnson Controls International during the fourth quarter valued at approximately $570,000. Private Advisor Group LLC grew its stake in Johnson Controls International by 7.6% during the fourth quarter. Private Advisor Group LLC now owns 19,253 shares of the company’s stock valued at $1,110,000 after acquiring an additional 1,362 shares in the last quarter. Finally, Apollon Wealth Management LLC grew its stake in Johnson Controls International by 65.7% during the fourth quarter. Apollon Wealth Management LLC now owns 12,799 shares of the company’s stock valued at $738,000 after acquiring an additional 5,076 shares in the last quarter. Institutional investors own 90.05% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Robert W. Baird boosted their price objective 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. The Goldman Sachs Group boosted their price objective 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. Royal Bank of Canada raised shares of Johnson Controls International from an “underperform” rating to a “sector perform” rating and boosted their price objective for the company from $61.00 to $69.00 in a research note on Wednesday, August 14th. Oppenheimer boosted their price target on shares of Johnson Controls International from $70.00 to $76.00 and gave the stock an “outperform” rating in a research note on Thursday, June 27th. Finally, StockNews.com raised shares of Johnson Controls International from a “hold” rating to a “buy” rating in a research note on Friday, August 2nd. Eleven investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $68.31.

Johnson Controls International Trading Down 1.0 %

NYSE:JCI opened at $70.04 on Thursday. The company has a fifty day moving average of $68.97 and a 200 day moving average of $66.73. Johnson Controls International plc has a 52 week low of $47.90 and a 52 week high of $75.36. 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 $46.79 billion, a P/E ratio of 28.36, a P/E/G ratio of 1.97 and a beta of 1.29.

Johnson Controls International (NYSE:JCI) last posted its quarterly earnings results on Wednesday, July 31st. The company reported $1.14 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 company had revenue of $7.23 billion during the quarter, compared to analyst estimates of $7.53 billion. During the same period in the prior year, the business posted $1.03 EPS. The firm’s revenue was up 1.4% compared to the same quarter last year. On average, research analysts predict that Johnson Controls International plc will post 3.67 earnings per share for the current year.

Johnson Controls International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 19th. Shareholders of record on Monday, June 24th were issued a $0.37 dividend. The ex-dividend date was Monday, June 24th. This represents a $1.48 annualized dividend and a yield of 2.11%. Johnson Controls International’s dividend payout ratio (DPR) is presently 59.92%.

Insiders Place Their Bets

In other Johnson Controls International news, COO Nathan D. Manning sold 1,167 shares of the company’s 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 completion of the transaction, the chief operating officer now directly owns 103,866 shares in the company, valued at approximately $7,344,364.86. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last ninety days, insiders sold 4,245 shares of company stock worth $295,442. 0.69% of the stock is currently owned by corporate 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.