Meiji Yasuda Asset Management Co Ltd. Acquires 950 Shares of Johnson Controls International plc (NYSE:JCI)

Meiji Yasuda Asset Management Co Ltd. grew its stake in Johnson Controls International plc (NYSE:JCI) by 4.4% during the second quarter, HoldingsChannel.com reports. The firm owned 22,781 shares of the company’s stock after buying an additional 950 shares during the period. Meiji Yasuda Asset Management Co Ltd.’s holdings in Johnson Controls International were worth $1,514,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the stock. Rise Advisors LLC acquired a new position in Johnson Controls International in the first quarter valued at about $25,000. Continuum Advisory LLC lifted its stake in Johnson Controls International by 65.2% in the second quarter. Continuum Advisory LLC now owns 527 shares of the company’s stock valued at $35,000 after buying an additional 208 shares during the period. Hexagon Capital Partners LLC lifted its stake in Johnson Controls International by 39.7% in the second quarter. Hexagon Capital Partners LLC now owns 711 shares of the company’s stock valued at $47,000 after buying an additional 202 shares during the period. Friedenthal Financial acquired a new position in Johnson Controls International in the second quarter valued at about $47,000. Finally, Centerpoint Advisors LLC lifted its stake in Johnson Controls International by 126.8% in the first quarter. Centerpoint Advisors LLC now owns 737 shares of the company’s stock valued at $48,000 after buying an additional 412 shares during the period. 90.05% of the stock is owned by institutional investors and hedge funds.

Johnson Controls International Stock Up 2.0 %

NYSE:JCI opened at $74.23 on Friday. 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 cap of $49.59 billion, a PE ratio of 30.05, a PEG ratio of 1.91 and a beta of 1.29. Johnson Controls International plc has a 52-week low of $47.90 and a 52-week high of $75.36. The stock has a 50-day simple moving average of $69.87 and a 200 day simple moving average of $67.64.

Johnson Controls International (NYSE:JCI) last posted its quarterly earnings data on Wednesday, July 31st. The company reported $1.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.08 by $0.06. The business 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%. Johnson Controls International’s quarterly revenue was up 1.4% on a year-over-year basis. During the same period last year, the company earned $1.03 earnings per share. On average, sell-side analysts expect that Johnson Controls International plc will post 3.67 EPS for the current fiscal year.

Johnson Controls International Announces Dividend

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 paid a $0.37 dividend. The ex-dividend date of this dividend is Wednesday, September 25th. This represents a $1.48 dividend on an annualized basis and a yield of 1.99%. Johnson Controls International’s dividend payout ratio is 59.92%.

Insider Buying and Selling at Johnson Controls International

In other Johnson Controls International news, CEO George Oliver sold 110,615 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $72.67, for a total value of $8,038,392.05. Following the completion of the transaction, 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 filing with the SEC, which can be accessed through the SEC website. In other Johnson Controls International news, CEO George Oliver sold 110,615 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $72.67, for a total value of $8,038,392.05. Following the completion of the transaction, 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 filing with the SEC, which can be accessed through the SEC website. Also, COO Nathan D. Manning sold 1,167 shares of the firm’s stock in a transaction that occurred 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 owns 103,866 shares of the company’s stock, valued at $7,344,364.86. The disclosure for this sale can be found here. Insiders sold a total of 114,860 shares of company stock worth $8,333,834 over the last ninety days. 0.69% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Royal Bank of Canada raised Johnson Controls International from an “underperform” rating to a “sector perform” rating and increased their target price for the company from $61.00 to $69.00 in a research note on Wednesday, August 14th. Barclays cut 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 note on Wednesday, July 10th. Wells Fargo & Company increased their target price on Johnson Controls International from $75.00 to $80.00 and gave the company an “overweight” rating in a research note on Thursday, August 1st. Oppenheimer raised their price target on Johnson Controls International from $70.00 to $76.00 and gave the stock an “outperform” rating in a research report on Thursday, June 27th. Finally, StockNews.com raised Johnson Controls International from a “hold” rating to a “buy” rating in a research report on Friday, August 2nd. Eleven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $70.21.

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.