Creative Planning Boosts Holdings in Johnson Controls International plc (NYSE:JCI)

Creative Planning lifted its position in Johnson Controls International plc (NYSE:JCI) by 11.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 73,594 shares of the company’s stock after purchasing an additional 7,375 shares during the period. Creative Planning’s holdings in Johnson Controls International were worth $5,712,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of JCI. Park Avenue Securities LLC raised its position in Johnson Controls International by 2.2% during the first quarter. Park Avenue Securities LLC now owns 16,043 shares of the company’s stock worth $1,048,000 after acquiring an additional 343 shares during the period. RFG Advisory LLC purchased a new stake in Johnson Controls International during the 1st quarter worth about $222,000. Kingswood Wealth Advisors LLC lifted its stake in Johnson Controls International by 19.7% in the first quarter. Kingswood Wealth Advisors LLC now owns 11,382 shares of the company’s stock worth $743,000 after acquiring an additional 1,876 shares during the last quarter. Sunbelt Securities Inc. lifted its position in shares of Johnson Controls International by 57.4% during the 1st quarter. Sunbelt Securities Inc. now owns 3,244 shares of the company’s stock worth $212,000 after purchasing an additional 1,183 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its holdings in shares of Johnson Controls International by 3.1% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 47,277 shares of the company’s stock valued at $3,088,000 after acquiring an additional 1,432 shares during the last quarter. 90.05% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Johnson Controls International

In other news, COO Nathan D. Manning sold 1,167 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $72.75, for a total value of $84,899.25. Following the completion of the sale, the chief operating officer now directly owns 143,488 shares in the company, valued at approximately $10,438,752. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, COO Nathan D. Manning sold 1,167 shares of the business’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $72.75, for a total transaction of $84,899.25. Following the completion of the transaction, the chief operating officer now owns 143,488 shares of the company’s stock, valued at approximately $10,438,752. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO George Oliver sold 110,615 shares of Johnson Controls International stock in a transaction that occurred on 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 sale, the chief executive officer now directly owns 1,243,751 shares in the company, valued at approximately $90,383,385.17. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 227,494 shares of company stock valued at $16,999,239 over the last ninety days. Corporate insiders own 0.69% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on JCI shares. Wells Fargo & Company boosted their price target on shares of Johnson Controls International from $80.00 to $84.00 and gave the company an “overweight” rating in a research report on Monday, October 7th. Oppenheimer increased their price target on shares of Johnson Controls International from $79.00 to $86.00 and gave the stock an “outperform” rating in a report on Wednesday, October 2nd. StockNews.com raised shares of Johnson Controls International from a “hold” rating to a “buy” rating in a report on Friday, October 18th. Robert W. Baird increased 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. Finally, The Goldman Sachs Group boosted their price target on Johnson Controls International from $73.00 to $81.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Eleven analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $73.43.

Johnson Controls International Stock Performance

NYSE JCI opened at $76.48 on Thursday. 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 plc has a 1-year low of $47.90 and a 1-year high of $78.23. The business’s 50-day simple moving average is $73.66 and its 200-day simple moving average is $69.88. The firm has a market capitalization of $51.52 billion, a P/E ratio of 30.96, a P/E/G ratio of 2.21 and a beta of 1.29.

Johnson Controls International (NYSE:JCI) last released its quarterly earnings results on Wednesday, July 31st. The company reported $1.14 earnings per share 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 firm had revenue of $7.23 billion during the quarter, compared to analysts’ expectations of $7.53 billion. During the same quarter in the prior year, the business earned $1.03 EPS. Johnson Controls International’s quarterly revenue was up 1.4% compared to the same quarter last year. Equities analysts predict that Johnson Controls International plc will post 3.68 EPS for the current year.

Johnson Controls International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Wednesday, September 25th were issued a dividend of $0.37 per share. The ex-dividend date of this dividend was Wednesday, September 25th. This represents a $1.48 annualized dividend and a yield of 1.94%. Johnson Controls International’s dividend payout ratio is presently 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.