Private Advisor Group LLC Increases Stock Holdings in Johnson Controls International plc (NYSE:JCI)

Private Advisor Group LLC boosted its position in shares of Johnson Controls International plc (NYSE:JCI) by 7.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 25,087 shares of the company’s stock after acquiring an additional 1,833 shares during the quarter. Private Advisor Group LLC’s holdings in Johnson Controls International were worth $1,947,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of JCI. Capital World Investors boosted its holdings in Johnson Controls International by 85.5% during the 1st quarter. Capital World Investors now owns 14,142,736 shares of the company’s stock valued at $923,804,000 after acquiring an additional 6,520,580 shares during the period. Barrow Hanley Mewhinney & Strauss LLC boosted its holdings in Johnson Controls International by 686.4% during the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 4,445,418 shares of the company’s stock valued at $295,487,000 after acquiring an additional 3,880,146 shares during the period. M&G Plc purchased a new position in Johnson Controls International during the 1st quarter valued at about $120,948,000. Toronto Dominion Bank boosted its holdings in Johnson Controls International by 413.5% during the 1st quarter. Toronto Dominion Bank now owns 1,935,465 shares of the company’s stock valued at $126,425,000 after acquiring an additional 1,558,560 shares during the period. Finally, DAVENPORT & Co LLC boosted its stake in shares of Johnson Controls International by 4,782.9% in the 1st quarter. DAVENPORT & Co LLC now owns 1,254,613 shares of the company’s stock valued at $81,798,000 after buying an additional 1,228,919 shares during the period. 90.05% of the stock is currently owned by hedge funds and other institutional investors.

Johnson Controls International Trading Down 0.8 %

JCI opened at $77.10 on Wednesday. The firm has a market cap of $51.50 billion, a price-to-earnings ratio of 32.26, a price-to-earnings-growth ratio of 2.20 and a beta of 1.29. Johnson Controls International plc has a 52 week low of $48.13 and a 52 week high of $78.23. The business’s 50 day moving average is $74.23 and its two-hundred day moving average is $70.24. The company has a quick ratio of 0.73, a current ratio of 0.96 and a debt-to-equity ratio of 0.46.

Johnson Controls International (NYSE:JCI) last released its quarterly earnings results on Wednesday, July 31st. The company reported $1.14 EPS for the quarter, topping the consensus estimate of $1.08 by $0.06. The company had revenue of $7.23 billion for the quarter, compared to analyst estimates of $7.53 billion. Johnson Controls International had a return on equity of 13.64% and a net margin of 6.02%. The firm’s revenue was up 1.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.03 earnings per share. On average, research analysts predict that Johnson Controls International plc will post 3.68 EPS for the current year.

Johnson Controls International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Wednesday, September 25th were issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date of this dividend was Wednesday, September 25th. Johnson Controls International’s payout ratio is currently 61.92%.

Insider Activity

In other news, COO Nathan D. Manning sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $77.08, for a total value of $231,240.00. Following the transaction, the chief operating officer now owns 140,488 shares of the company’s stock, valued at approximately $10,828,815.04. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Nathan D. Manning sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $77.08, for a total value of $231,240.00. Following the completion of the transaction, the chief operating officer now directly owns 140,488 shares in the company, valued at approximately $10,828,815.04. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 227,494 shares of company stock valued at $16,999,239. Company insiders own 0.69% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on JCI. The Goldman Sachs Group lifted their price objective on Johnson Controls International from $73.00 to $81.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Wells Fargo & Company lifted their price objective on Johnson Controls International from $80.00 to $84.00 and gave the company an “overweight” rating in a research note on Monday, October 7th. Oppenheimer lifted their price objective on Johnson Controls International from $79.00 to $86.00 and gave the company an “outperform” rating in a research note on Wednesday, October 2nd. Barclays lifted their price objective on Johnson Controls International from $62.00 to $64.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 2nd. Finally, Bank of America lifted their price objective 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 research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, Johnson Controls International has an average rating of “Hold” and a consensus target price of $73.43.

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.