Fairscale Capital LLC Makes New Investment in Johnson Controls International plc (NYSE:JCI)

Fairscale Capital LLC acquired a new stake in shares of Johnson Controls International plc (NYSE:JCI) during the second quarter, according to its most recent disclosure with the SEC. The fund acquired 1,800 shares of the company’s stock, valued at approximately $130,000.

A number of other large investors have also recently made changes to their positions in the stock. Rise Advisors LLC bought a new stake in Johnson Controls International during the 1st quarter worth approximately $25,000. Continuum Advisory LLC raised its position in shares of Johnson Controls International by 65.2% during the 2nd quarter. Continuum Advisory LLC now owns 527 shares of the company’s stock valued at $35,000 after purchasing an additional 208 shares during the period. Hexagon Capital Partners LLC raised its position in shares of Johnson Controls International by 39.7% during the 2nd quarter. Hexagon Capital Partners LLC now owns 711 shares of the company’s stock valued at $47,000 after purchasing an additional 202 shares during the period. Friedenthal Financial purchased a new position in shares of Johnson Controls International during the 2nd quarter valued at $47,000. Finally, Centerpoint Advisors LLC boosted its holdings in Johnson Controls International by 126.8% in the 1st quarter. Centerpoint Advisors LLC now owns 737 shares of the company’s stock worth $48,000 after buying an additional 412 shares during the period. 90.05% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on JCI shares. Bank of America upgraded Johnson Controls International from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $76.00 to $80.00 in a research report on Tuesday, September 10th. Oppenheimer boosted their price target on Johnson Controls International from $70.00 to $76.00 and gave the stock an “outperform” rating in a report on Thursday, June 27th. StockNews.com raised shares of Johnson Controls International from a “hold” rating to a “buy” rating in a report on Friday, August 2nd. Barclays lowered their target price on shares of Johnson Controls International from $62.00 to $61.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 10th. Finally, Robert W. Baird raised their target price 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. Eleven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $70.21.

Insider Buying and Selling

In other Johnson Controls International news, CEO George Oliver sold 110,615 shares of the company’s stock in a transaction 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 transaction, the chief executive officer now owns 1,243,751 shares of the company’s stock, valued at approximately $90,383,385.17. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO George Oliver sold 110,615 shares of the business’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 sale, the chief executive officer now owns 1,243,751 shares in the company, valued at $90,383,385.17. The sale was disclosed in a document filed with the Securities & Exchange Commission, 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 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 transaction, the chief operating officer now owns 103,866 shares in the company, valued at approximately $7,344,364.86. The disclosure for this sale can be found here. Insiders have sold 115,046 shares of company stock valued at $8,347,562 in the last ninety days. 0.69% of the stock is owned by company insiders.

Johnson Controls International Price Performance

NYSE:JCI opened at $74.10 on Friday. The firm has a market capitalization of $49.92 billion, a price-to-earnings ratio of 30.00, a PEG ratio of 1.91 and a beta of 1.29. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.96 and a quick ratio of 0.73. The business has a 50 day simple moving average of $69.95 and a 200-day simple moving average of $67.79. Johnson Controls International plc has a 1 year low of $47.90 and a 1 year high of $75.36.

Johnson Controls International (NYSE:JCI) last issued its quarterly earnings results 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. Johnson Controls International had a return on equity of 13.64% and a net margin of 6.02%. The company had revenue of $7.23 billion during the quarter, compared to the consensus estimate of $7.53 billion. During the same period last year, the company earned $1.03 earnings per share. Johnson Controls International’s revenue was up 1.4% on a year-over-year basis. Equities analysts forecast that Johnson Controls International plc will post 3.67 EPS 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 dividend of $0.37 per share. The ex-dividend date is Wednesday, September 25th. This represents a $1.48 annualized dividend and a yield of 2.00%. Johnson Controls International’s payout ratio is 59.92%.

Johnson Controls International Company 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.