Townsquare Capital LLC Increases Stock Position in Johnson Controls International plc (NYSE:JCI)

Townsquare Capital LLC lifted its holdings in Johnson Controls International plc (NYSE:JCI) by 29.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,101 shares of the company’s stock after buying an additional 3,247 shares during the quarter. Townsquare Capital LLC’s holdings in Johnson Controls International were worth $1,094,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Metis Global Partners LLC grew its holdings in Johnson Controls International by 0.4% in the third quarter. Metis Global Partners LLC now owns 28,446 shares of the company’s stock worth $2,208,000 after purchasing an additional 127 shares during the period. Brooklyn Investment Group increased its position in Johnson Controls International by 3.5% during the 3rd quarter. Brooklyn Investment Group now owns 4,309 shares of the company’s stock valued at $334,000 after buying an additional 144 shares in the last quarter. Summit Trail Advisors LLC raised its stake in Johnson Controls International by 4.6% during the second quarter. Summit Trail Advisors LLC now owns 3,715 shares of the company’s stock valued at $248,000 after buying an additional 163 shares during the last quarter. Miracle Mile Advisors LLC boosted its holdings 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 worth $1,320,000 after acquiring an additional 163 shares in the last quarter. Finally, Berry Wealth Group LP grew its stake in shares of Johnson Controls International by 0.7% in the third quarter. Berry Wealth Group LP now owns 25,978 shares of the company’s stock worth $2,016,000 after acquiring an additional 177 shares during the last quarter. 90.05% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, COO Nathan D. Manning sold 3,000 shares of the stock in a transaction 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 sale, the chief operating officer now directly owns 140,488 shares of the company’s stock, valued at $10,828,815.04. This represents a 2.09 % decrease in their ownership of the stock. The sale was disclosed in a document filed 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 on Monday, September 16th. The stock was sold at an average price of $72.67, for a total transaction of $8,038,392.05. Following the completion of the transaction, the chief executive officer now directly owns 1,243,751 shares of the company’s stock, valued at $90,383,385.17. This represents a 8.17 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 740,476 shares of company stock worth $59,853,576 over the last quarter. 0.69% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on JCI. Robert W. Baird lifted their price target on Johnson Controls International from $80.00 to $85.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Bank of America upped their target price on shares of Johnson Controls International from $80.00 to $95.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. Morgan Stanley started coverage on shares of Johnson Controls International in a research report on Friday, September 6th. They set an “overweight” rating and a $85.00 price target for the company. Oppenheimer upped their price objective on Johnson Controls International from $86.00 to $87.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Finally, Barclays boosted their price target on Johnson Controls International from $62.00 to $64.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 2nd. Twelve research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $77.21.

Johnson Controls International Trading Down 0.2 %

Shares of Johnson Controls International stock opened at $83.68 on Tuesday. Johnson Controls International plc has a 1-year low of $51.70 and a 1-year high of $87.16. The company’s fifty day simple moving average is $79.17 and its 200-day simple moving average is $73.09. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.94 and a quick ratio of 0.79. The stock has a market capitalization of $55.41 billion, a PE ratio of 32.94, a P/E/G ratio of 2.34 and a beta of 1.29.

Johnson Controls International Dividend Announcement

The business also recently declared 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. This represents a $1.48 annualized dividend and a yield of 1.77%. The ex-dividend date of this dividend was Wednesday, September 25th. Johnson Controls International’s dividend payout ratio is presently 58.27%.

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.