International Assets Investment Management LLC Takes $7.69 Million Position in Johnson Controls International plc (NYSE:JCI)

International Assets Investment Management LLC bought a new stake in shares of Johnson Controls International plc (NYSE:JCI) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 99,108 shares of the company’s stock, valued at approximately $7,692,000.

Other hedge funds have also modified their holdings of the company. Wolff Wiese Magana LLC lifted its holdings in shares of Johnson Controls International by 977.3% during the third quarter. Wolff Wiese Magana LLC now owns 474 shares of the company’s stock valued at $37,000 after purchasing an additional 430 shares during the last quarter. Continuum Advisory LLC lifted its holdings in shares of Johnson Controls International by 65.2% during the second quarter. Continuum Advisory LLC now owns 527 shares of the company’s stock valued at $35,000 after purchasing an additional 208 shares during the last quarter. Friedenthal Financial purchased a new stake in shares of Johnson Controls International during the second quarter valued at $47,000. Hexagon Capital Partners LLC raised its position in Johnson Controls International by 39.7% during the second quarter. Hexagon Capital Partners LLC now owns 711 shares of the company’s stock valued at $47,000 after buying an additional 202 shares during the period. Finally, Family Firm Inc. acquired a new position in Johnson Controls International during the second quarter valued at $48,000. 90.05% of the stock is owned by hedge funds and other institutional investors.

Johnson Controls International Stock Performance

JCI opened at $75.55 on Friday. The company has a market cap of $50.47 billion, a PE ratio of 31.61, a price-to-earnings-growth ratio of 2.20 and a beta of 1.29. The stock has a 50-day moving average of $74.45 and a 200-day moving average of $70.32. Johnson Controls International plc has a 52-week low of $48.53 and a 52-week high of $78.23. 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 (NYSE:JCI) last announced its earnings results 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 the consensus estimate of $7.53 billion. During the same quarter in the prior year, the company earned $1.03 EPS. The firm’s revenue for the quarter was up 1.4% compared to the same quarter last year. As a group, equities research analysts forecast that Johnson Controls International plc will post 3.68 earnings per share for the current fiscal year.

Johnson Controls International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Wednesday, September 25th were paid 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 1.96%. Johnson Controls International’s payout ratio is 61.92%.

Insider Activity at Johnson Controls International

In related news, COO Nathan D. Manning sold 1,167 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $72.75, for a total transaction of $84,899.25. Following the completion of the sale, the chief operating officer now owns 143,488 shares in the company, valued at $10,438,752. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Johnson Controls International news, CEO George Oliver sold 110,615 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The stock was 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 approximately $90,383,385.17. This trade represents 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 the SEC website. Also, COO Nathan D. Manning sold 1,167 shares of the firm’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 owns 143,488 shares of the company’s stock, valued at $10,438,752. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 226,327 shares of company stock worth $16,916,720 in the last 90 days. 0.69% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on JCI. Wells Fargo & Company upped their price target on Johnson Controls International from $80.00 to $84.00 and gave the company an “overweight” rating in a research report on Monday, October 7th. Bank of America upped their price target on Johnson Controls International from $80.00 to $95.00 and gave the company a “buy” rating in a research report on Friday, September 27th. Royal Bank of Canada raised Johnson Controls International from an “underperform” rating to a “sector perform” rating and upped their price target for the company from $61.00 to $69.00 in a research report on Wednesday, August 14th. The Goldman Sachs Group upped their price target on Johnson Controls International from $73.00 to $81.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Finally, Oppenheimer upped their price target on Johnson Controls International from $79.00 to $86.00 and gave the company an “outperform” rating in a research report on Wednesday, October 2nd. Twelve analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Johnson Controls International presently has a consensus rating of “Hold” and a consensus price target 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.