Johnson Controls International plc (NYSE:JCI) Shares Bought by EverSource Wealth Advisors LLC

EverSource Wealth Advisors LLC lifted its position in shares of Johnson Controls International plc (NYSE:JCI) by 65.3% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,615 shares of the company’s stock after buying an additional 638 shares during the period. EverSource Wealth Advisors LLC’s holdings in Johnson Controls International were worth $116,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. grew its position in Johnson Controls International by 17.3% during the fourth quarter. Vanguard Group Inc. now owns 71,387,169 shares of the company’s stock valued at $4,114,756,000 after acquiring an additional 10,522,009 shares during the period. Capital World Investors grew its holdings in shares of Johnson Controls International by 85.5% during the 1st quarter. Capital World Investors now owns 14,142,736 shares of the company’s stock worth $923,804,000 after purchasing an additional 6,520,580 shares during the period. Fisher Asset Management LLC increased its position in Johnson Controls International by 4.7% during the 4th quarter. Fisher Asset Management LLC now owns 13,514,262 shares of the company’s stock worth $778,962,000 after purchasing an additional 604,142 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Johnson Controls International by 8.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 5,855,075 shares of the company’s stock worth $389,214,000 after purchasing an additional 479,548 shares in the last quarter. Finally, Raymond James & Associates raised its holdings in Johnson Controls International by 7.0% in the second quarter. Raymond James & Associates now owns 4,485,742 shares of the company’s stock valued at $298,167,000 after buying an additional 292,044 shares during the period. 90.05% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, COO Nathan D. Manning sold 1,167 shares of the business’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $66.01, for a total transaction of $77,033.67. Following the completion of the sale, the chief operating officer now owns 104,556 shares of the company’s stock, valued at approximately $6,901,741.56. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Johnson Controls International news, COO Nathan D. Manning sold 1,167 shares of Johnson Controls International stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $66.01, for a total value of $77,033.67. Following the completion of the transaction, the chief operating officer now directly owns 104,556 shares in the company, valued at $6,901,741.56. The sale was disclosed in a legal filing with the SEC, which is accessible through 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 transaction, the chief executive officer now directly owns 1,243,751 shares of the company’s stock, valued at $90,383,385.17. The disclosure for this sale can be found here. Over the last three months, insiders have sold 115,046 shares of company stock valued at $8,347,562. Company insiders own 0.69% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Bank of America raised shares of Johnson Controls International from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $76.00 to $80.00 in a research report on Tuesday, September 10th. Royal Bank of Canada raised Johnson Controls International from an “underperform” rating to a “sector perform” rating and raised their price objective for the company from $61.00 to $69.00 in a research report on Wednesday, August 14th. Morgan Stanley initiated coverage on Johnson Controls International in a research report on Friday, September 6th. They issued an “overweight” rating and a $85.00 target price for the company. Robert W. Baird increased their target price 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. Finally, Wells Fargo & Company boosted their price target on Johnson Controls International from $75.00 to $80.00 and gave the stock an “overweight” rating in a research report on Thursday, August 1st. Eleven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $70.21.

Johnson Controls International Price Performance

JCI opened at $76.55 on Friday. The company has a market capitalization of $51.14 billion, a P/E ratio of 30.99, a PEG ratio of 1.99 and a beta of 1.29. The company has a 50-day moving average of $70.25 and a 200-day moving average of $68.09. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.73 and a current ratio of 0.96. Johnson Controls International plc has a 1-year low of $47.90 and a 1-year high of $76.93.

Johnson Controls International (NYSE:JCI) last announced its quarterly earnings data on Wednesday, July 31st. The company reported $1.14 earnings per share 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 firm had revenue of $7.23 billion during the quarter, compared to analyst estimates of $7.53 billion. During the same period in the previous year, the company earned $1.03 earnings per share. Johnson Controls International’s quarterly revenue was up 1.4% on a year-over-year basis. Equities analysts expect that Johnson Controls International plc will post 3.67 EPS for the current fiscal year.

Johnson Controls International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 18th. Shareholders of record on Wednesday, September 25th will be paid 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 1.93%. Johnson Controls International’s payout ratio is 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.