Seven Eight Capital LP Invests $408,000 in Johnson Controls International plc (NYSE:JCI)

Seven Eight Capital LP bought a new stake in shares of Johnson Controls International plc (NYSE:JCI) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 6,140 shares of the company’s stock, valued at approximately $408,000.

Several other institutional investors also recently bought and sold shares of JCI. Rise Advisors LLC purchased a new position in shares of Johnson Controls International during the first quarter valued at about $25,000. Continuum Advisory LLC grew its holdings in 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 buying an additional 208 shares in the last quarter. Friedenthal Financial bought a new stake in Johnson Controls International in the 2nd quarter worth approximately $47,000. Hexagon Capital Partners LLC raised its holdings 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 worth $47,000 after acquiring an additional 202 shares in the last quarter. Finally, Family Firm Inc. bought a new position in shares of Johnson Controls International during the 2nd quarter valued at approximately $48,000. 90.05% of the stock is owned by hedge funds and other institutional investors.

Johnson Controls International Stock Down 0.2 %

Shares of JCI opened at $74.10 on Monday. The firm has a fifty day moving average price of $69.95 and a 200-day moving average price of $67.84. The company has a current ratio of 0.96, a quick ratio of 0.73 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $49.92 billion, a P/E ratio of 30.00, a P/E/G ratio of 1.91 and a beta of 1.29. Johnson Controls International plc has a 12-month low of $47.90 and a 12-month high of $75.36.

Johnson Controls International (NYSE:JCI) last released its quarterly earnings data on Wednesday, July 31st. The company reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.08 by $0.06. The company had revenue of $7.23 billion during the quarter, compared to analysts’ expectations of $7.53 billion. Johnson Controls International had a net margin of 6.02% and a return on equity of 13.64%. The firm’s quarterly revenue was up 1.4% on a year-over-year basis. During the same period in the previous year, the company earned $1.03 EPS. Equities research analysts expect that Johnson Controls International plc will post 3.67 earnings per share for the current year.

Johnson Controls International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 18th. Shareholders of record on Wednesday, September 25th will be given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 2.00%. The ex-dividend date of this dividend is Wednesday, September 25th. Johnson Controls International’s dividend payout ratio (DPR) is presently 59.92%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. 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 report on Thursday, June 27th. Royal Bank of Canada upgraded shares of Johnson Controls International from an “underperform” rating to a “sector perform” rating and boosted their target price for the stock from $61.00 to $69.00 in a report on Wednesday, August 14th. The Goldman Sachs Group increased their price target on shares of Johnson Controls International from $73.00 to $81.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Morgan Stanley started coverage on Johnson Controls International in a research note on Friday, September 6th. They set an “overweight” rating and a $85.00 price objective on the stock. Finally, StockNews.com raised 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 six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $70.21.

Insider Buying and Selling at Johnson Controls International

In other news, COO Nathan D. Manning sold 1,167 shares of the stock in a transaction on Monday, July 1st. The stock was sold at an average price of $66.01, for a total transaction of $77,033.67. Following the transaction, the chief operating officer now owns 104,556 shares of the company’s stock, valued at approximately $6,901,741.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, CEO George Oliver sold 110,615 shares of the business’s stock in a transaction dated Monday, September 16th. The shares were 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 approximately $90,383,385.17. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO Nathan D. Manning sold 1,167 shares of the stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $66.01, for a total transaction of $77,033.67. Following the transaction, the chief operating officer now owns 104,556 shares in the company, valued at $6,901,741.56. The disclosure for this sale can be found here. Insiders sold a total of 115,046 shares of company stock valued at $8,347,562 in the last ninety days. Corporate insiders own 0.69% of the company’s stock.

Johnson Controls International 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.