Ieq Capital LLC Has $1.90 Million Stock Position in Johnson Controls International plc (NYSE:JCI)

Ieq Capital LLC increased its holdings in shares of Johnson Controls International plc (NYSE:JCI) by 12.0% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 28,568 shares of the company’s stock after acquiring an additional 3,063 shares during the quarter. Ieq Capital LLC’s holdings in Johnson Controls International were worth $1,899,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Glassy Mountain Advisors Inc. increased its position in shares of Johnson Controls International by 0.4% during the first quarter. Glassy Mountain Advisors Inc. now owns 50,282 shares of the company’s stock worth $3,284,000 after acquiring an additional 181 shares in the last quarter. Center for Financial Planning Inc. raised its stake in shares of Johnson Controls International by 5.7% in the 2nd quarter. Center for Financial Planning Inc. now owns 3,485 shares of the company’s stock valued at $232,000 after purchasing an additional 187 shares during the period. Wedmont Private Capital lifted its holdings in shares of Johnson Controls International by 3.1% in the second quarter. Wedmont Private Capital now owns 6,440 shares of the company’s stock valued at $451,000 after purchasing an additional 192 shares in the last quarter. Hexagon Capital Partners LLC boosted its position in shares of Johnson Controls International by 39.7% during the second quarter. Hexagon Capital Partners LLC now owns 711 shares of the company’s stock worth $47,000 after buying an additional 202 shares during the period. Finally, Continuum Advisory LLC grew its holdings in shares of Johnson Controls International by 65.2% during the second quarter. Continuum Advisory LLC now owns 527 shares of the company’s stock worth $35,000 after buying an additional 208 shares in the last quarter. 90.05% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Morgan Stanley began coverage on Johnson Controls International in a research note on Friday, September 6th. They issued an “overweight” rating and a $85.00 target price on the stock. Oppenheimer boosted their price objective on shares of Johnson Controls International from $70.00 to $76.00 and gave the stock an “outperform” rating in a research report on Thursday, June 27th. The Goldman Sachs Group increased their target price on shares of Johnson Controls International from $73.00 to $81.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. StockNews.com upgraded shares of Johnson Controls International from a “hold” rating to a “buy” rating in a research note on Friday, August 2nd. Finally, Wells Fargo & Company increased their price objective on shares of Johnson Controls International from $75.00 to $80.00 and gave the stock an “overweight” rating in a research note on Thursday, August 1st. Eleven analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $70.21.

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

Johnson Controls International Trading Down 0.2 %

JCI stock opened at $74.10 on Monday. Johnson Controls International plc has a one year low of $47.90 and a one year high of $75.36. The stock has a market cap of $49.92 billion, a price-to-earnings ratio of 30.00, a price-to-earnings-growth ratio of 1.91 and a beta of 1.29. The company has a fifty day moving average price of $69.95 and a two-hundred day moving average price of $67.84. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.96 and a quick ratio of 0.73.

Johnson Controls International (NYSE:JCI) last announced 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. The business had revenue of $7.23 billion for the quarter, compared to analyst estimates of $7.53 billion. Johnson Controls International had a net margin of 6.02% and a return on equity of 13.64%. Johnson Controls International’s quarterly revenue was up 1.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.03 EPS. Equities analysts anticipate that Johnson Controls International plc will post 3.67 EPS for the current year.

Johnson Controls International Announces Dividend

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 of this dividend is Wednesday, September 25th. This represents a $1.48 annualized dividend and a yield of 2.00%. Johnson Controls International’s payout ratio is currently 59.92%.

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.