Johnson Controls International plc $JCI Shares Sold by Eubel Brady & Suttman Asset Management Inc.

Eubel Brady & Suttman Asset Management Inc. lowered its holdings in Johnson Controls International plc (NYSE:JCI) by 34.3% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,786 shares of the company’s stock after selling 3,538 shares during the quarter. Eubel Brady & Suttman Asset Management Inc.’s holdings in Johnson Controls International were worth $717,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of JCI. Truvestments Capital LLC raised its stake in shares of Johnson Controls International by 425.0% during the 1st quarter. Truvestments Capital LLC now owns 315 shares of the company’s stock worth $25,000 after buying an additional 255 shares during the last quarter. Accent Capital Management LLC acquired a new position in shares of Johnson Controls International during the 1st quarter worth $26,000. Cornerstone Planning Group LLC raised its stake in shares of Johnson Controls International by 74.5% during the 1st quarter. Cornerstone Planning Group LLC now owns 363 shares of the company’s stock worth $28,000 after buying an additional 155 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new position in shares of Johnson Controls International during the 2nd quarter worth $28,000. Finally, Activest Wealth Management raised its stake in shares of Johnson Controls International by 56.4% during the 1st quarter. Activest Wealth Management now owns 369 shares of the company’s stock worth $30,000 after buying an additional 133 shares during the last quarter. Institutional investors and hedge funds own 90.05% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on JCI shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Johnson Controls International in a research note on Wednesday, October 8th. Zacks Research raised Johnson Controls International to a “hold” rating in a research note on Monday, August 11th. Barclays lifted their price objective on Johnson Controls International from $100.00 to $101.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 30th. Jefferies Financial Group reiterated a “hold” rating and set a $120.00 price objective on shares of Johnson Controls International in a research report on Thursday, July 24th. Finally, Morgan Stanley lifted their price objective on Johnson Controls International from $115.00 to $125.00 and gave the stock an “overweight” rating in a research report on Thursday, August 21st. Ten equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $113.41.

Johnson Controls International Stock Down 0.6%

JCI opened at $112.36 on Wednesday. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.96 and a quick ratio of 0.81. Johnson Controls International plc has a 12 month low of $68.03 and a 12 month high of $114.60. The stock has a market capitalization of $73.53 billion, a price-to-earnings ratio of 33.34, a price-to-earnings-growth ratio of 1.69 and a beta of 1.33. The business has a 50-day moving average of $108.16 and a two-hundred day moving average of $102.19.

Johnson Controls International (NYSE:JCI) last issued its earnings results on Tuesday, July 29th. The company reported $1.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.99 by $0.06. Johnson Controls International had a return on equity of 14.71% and a net margin of 9.53%.The business had revenue of $6.05 billion during the quarter, compared to analysts’ expectations of $5.99 billion. On average, research analysts expect that Johnson Controls International plc will post 3.64 earnings per share for the current year.

Johnson Controls International Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 17th. Stockholders of record on Monday, September 22nd were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date was Monday, September 22nd. This is an increase from Johnson Controls International’s previous quarterly dividend of $0.37. Johnson Controls International’s dividend payout ratio (DPR) is presently 47.48%.

Insider Transactions at Johnson Controls International

In related news, VP Daniel C. Mcconeghy sold 5,917 shares of the business’s stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $105.73, for a total transaction of $625,604.41. Following the transaction, the vice president directly owned 25,005 shares of the company’s stock, valued at approximately $2,643,778.65. The trade was a 19.14% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Nathan D. Manning sold 1,422 shares of the business’s stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $105.06, for a total value of $149,395.32. Following the transaction, the vice president directly owned 139,459 shares in the company, valued at $14,651,562.54. This trade represents a 1.01% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 8,761 shares of company stock valued at $922,447 in the last quarter. Company insiders own 0.54% of the company’s stock.

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.