Ballentine Partners LLC Has $965,000 Position in Johnson Controls International plc (NYSE:JCI)

Ballentine Partners LLC raised its stake in Johnson Controls International plc (NYSE:JCI) by 5.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,431 shares of the company’s stock after acquiring an additional 691 shares during the period. Ballentine Partners LLC’s holdings in Johnson Controls International were worth $965,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Summit Trail Advisors LLC increased its position in shares of Johnson Controls International by 4.6% in the second quarter. Summit Trail Advisors LLC now owns 3,715 shares of the company’s stock worth $248,000 after purchasing an additional 163 shares during the period. Miracle Mile Advisors LLC raised its stake in Johnson Controls International by 1.0% in the third quarter. Miracle Mile Advisors LLC now owns 17,011 shares of the company’s stock valued at $1,320,000 after purchasing an additional 163 shares in the last quarter. Berry Wealth Group LP raised its stake in Johnson Controls International by 0.7% in the third quarter. Berry Wealth Group LP now owns 25,978 shares of the company’s stock valued at $2,016,000 after purchasing an additional 177 shares in the last quarter. Center for Financial Planning Inc. raised its stake in Johnson Controls International by 5.7% in the second 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 in the last quarter. Finally, Wedmont Private Capital raised its stake in 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. 90.05% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on JCI shares. Mizuho boosted their price target on Johnson Controls International from $62.00 to $75.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th. Royal Bank of Canada raised Johnson Controls International from an “underperform” rating to a “sector perform” rating and boosted their price target for the company from $61.00 to $69.00 in a research note on Wednesday, August 14th. Robert W. Baird boosted their price target on Johnson Controls International from $72.00 to $78.00 and gave the company a “neutral” rating in a research note on Thursday, August 1st. Morgan Stanley started coverage on Johnson Controls International in a research note on Friday, September 6th. They issued an “overweight” rating and a $85.00 price target for the company. Finally, Bank of America boosted their price target on Johnson Controls International from $80.00 to $95.00 and gave the company a “buy” rating in a research note on Friday, September 27th. Twelve analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $73.43.

Insider Activity

In related news, COO Nathan D. Manning sold 1,167 shares of the company’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 sale, the chief operating officer now directly owns 143,488 shares in the company, valued at $10,438,752. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, COO Nathan D. Manning sold 1,167 shares of the company’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 sale, the chief operating officer now directly owns 143,488 shares in the company, valued at $10,438,752. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO George Oliver sold 110,615 shares of the company’s 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 completion of the sale, the chief executive officer now owns 1,243,751 shares in the company, valued at $90,383,385.17. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 227,494 shares of company stock valued at $16,999,239 over the last quarter. 0.69% of the stock is owned by company insiders.

Johnson Controls International Stock Performance

Johnson Controls International stock opened at $76.74 on Friday. The business has a 50 day moving average of $73.95 and a 200-day moving average of $70.01. Johnson Controls International plc has a 1 year low of $48.08 and a 1 year high of $78.23. 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 company has a market capitalization of $51.26 billion, a P/E ratio of 32.11, a P/E/G ratio of 2.19 and a beta of 1.29.

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. 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 quarter in the prior year, the firm posted $1.03 earnings per share. The firm’s revenue was up 1.4% compared to the same quarter last year. On average, equities research analysts predict that Johnson Controls International plc will post 3.68 earnings per share for the current year.

Johnson Controls International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Wednesday, September 25th were paid a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 1.93%. The ex-dividend date was Wednesday, September 25th. Johnson Controls International’s dividend payout ratio is currently 61.92%.

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.