Daymark Wealth Partners LLC Acquires 955 Shares of Johnson Controls International plc (NYSE:JCI)

Daymark Wealth Partners LLC grew its holdings in Johnson Controls International plc (NYSE:JCI) by 3.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 25,643 shares of the company’s stock after purchasing an additional 955 shares during the period. Daymark Wealth Partners LLC’s holdings in Johnson Controls International were worth $2,054,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Certuity LLC bought a new stake in Johnson Controls International during the 4th quarter valued at $243,000. Vivid Wealth Management LLC bought a new stake in shares of Johnson Controls International during the 4th quarter valued at $2,290,000. Stratos Wealth Partners LTD. raised its stake in shares of Johnson Controls International by 6.5% during the 4th quarter. Stratos Wealth Partners LTD. now owns 7,139 shares of the company’s stock valued at $564,000 after purchasing an additional 433 shares during the period. SBI Securities Co. Ltd. bought a new stake in shares of Johnson Controls International during the 4th quarter valued at $29,000. Finally, Hennion & Walsh Asset Management Inc. increased its position in shares of Johnson Controls International by 15.4% during the first quarter. Hennion & Walsh Asset Management Inc. now owns 6,611 shares of the company’s stock valued at $530,000 after buying an additional 882 shares during the period. Institutional investors own 90.05% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Robert W. Baird upped their price target on Johnson Controls International from $84.00 to $90.00 and gave the company a “neutral” rating in a research report on Thursday, May 8th. Deutsche Bank Aktiengesellschaft raised shares of Johnson Controls International from a “hold” rating to a “buy” rating and upped their target price for the stock from $101.00 to $112.00 in a report on Monday, May 12th. Royal Bank of Canada upped their price target on shares of Johnson Controls International from $82.00 to $98.00 and gave the stock a “sector perform” rating in a report on Thursday, May 8th. Morgan Stanley upped their price target on shares of Johnson Controls International from $105.00 to $115.00 and gave the stock an “overweight” rating in a report on Friday, May 9th. Finally, Wells Fargo & Company upped their target price on Johnson Controls International from $100.00 to $130.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 4th. Eight research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, Johnson Controls International presently has an average rating of “Moderate Buy” and an average target price of $97.88.

Insider Transactions at Johnson Controls International

In other news, VP Anuruddha Rathninde sold 15,000 shares of Johnson Controls International stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $103.13, for a total value of $1,546,950.00. Following the sale, the vice president now directly owns 42,574 shares in the company, valued at approximately $4,390,656.62. This trade represents a 26.05% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director George Oliver sold 15,669 shares of Johnson Controls International stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $77.49, for a total value of $1,214,190.81. Following the completion of the sale, the director now owns 1,003,893 shares in the company, valued at approximately $77,791,668.57. This represents a 1.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 347,555 shares of company stock worth $29,536,076. Insiders own 0.54% of the company’s stock.

Johnson Controls International Stock Down 0.3%

Shares of NYSE:JCI opened at $103.52 on Tuesday. The stock’s 50-day moving average price is $88.31 and its 200-day moving average price is $84.34. Johnson Controls International plc has a 12-month low of $64.31 and a 12-month high of $104.00. The stock has a market capitalization of $68.12 billion, a P/E ratio of 39.51, a price-to-earnings-growth ratio of 1.96 and a beta of 1.33. The company has a current ratio of 1.02, a quick ratio of 0.86 and a debt-to-equity ratio of 0.50.

Johnson Controls International (NYSE:JCI) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $0.05. Johnson Controls International had a return on equity of 15.11% and a net margin of 6.83%. The firm had revenue of $5.68 billion for the quarter, compared to analysts’ expectations of $5.64 billion. During the same period last year, the firm earned $0.78 earnings per share. The company’s revenue for the quarter was up 1.4% compared to the same quarter last year. On average, equities analysts anticipate that Johnson Controls International plc will post 3.64 earnings per share for the current year.

Johnson Controls International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Monday, March 24th were issued a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 1.43%. The ex-dividend date of this dividend was Monday, March 24th. Johnson Controls International’s dividend payout ratio is 39.47%.

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.