Sequoia Financial Advisors LLC lifted its stake in shares of Johnson Controls International plc (NYSE:JCI – Free Report) by 17.5% in the second quarter, according to its most recent filing with the SEC. The fund owned 37,970 shares of the company’s stock after acquiring an additional 5,650 shares during the period. Sequoia Financial Advisors LLC’s holdings in Johnson Controls International were worth $5,548,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in JCI. Engineers Gate Manager LP raised its position in Johnson Controls International by 82.5% during the second quarter. Engineers Gate Manager LP now owns 116,133 shares of the company’s stock valued at $16,968,000 after purchasing an additional 52,484 shares in the last quarter. Pinnacle Wealth Management Advisory Group LLC boosted its holdings in shares of Johnson Controls International by 27.5% in the 2nd quarter. Pinnacle Wealth Management Advisory Group LLC now owns 2,755 shares of the company’s stock worth $403,000 after purchasing an additional 594 shares in the last quarter. NorthRock Partners LLC boosted its holdings in shares of Johnson Controls International by 4.7% in the 2nd quarter. NorthRock Partners LLC now owns 2,431 shares of the company’s stock worth $355,000 after purchasing an additional 110 shares in the last quarter. Integrated Wealth Concepts LLC increased its position in shares of Johnson Controls International by 19.9% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 20,896 shares of the company’s stock valued at $3,053,000 after purchasing an additional 3,465 shares during the last quarter. Finally, RFG Advisory LLC increased its position in shares of Johnson Controls International by 10.7% during the 2nd quarter. RFG Advisory LLC now owns 4,547 shares of the company’s stock valued at $664,000 after purchasing an additional 439 shares during the last quarter. 90.05% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of analysts recently weighed in on the company. The Goldman Sachs Group boosted their target price on Johnson Controls International from $169.00 to $178.00 and gave the stock a “buy” rating in a research report on Tuesday, June 2nd. Sanford C. Bernstein increased their price target on shares of Johnson Controls International from $173.00 to $190.00 and gave the company an “outperform” rating in a research report on Friday, August 14th. Argus set a $175.00 price target on shares of Johnson Controls International in a research note on Friday, August 7th. UBS Group restated a “buy” rating on shares of Johnson Controls International in a report on Thursday, July 30th. Finally, Citigroup upped their price objective on shares of Johnson Controls International from $155.00 to $157.00 and gave the company a “neutral” rating in a research note on Thursday, July 30th. Twelve equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $155.75.
Insider Activity at Johnson Controls International
In other news, VP Lei Schlitz sold 23,417 shares of the business’s stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $153.07, for a total value of $3,584,440.19. Following the completion of the transaction, the vice president owned 15,017 shares in the company, valued at $2,298,652.19. The trade was a 60.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.29% of the company’s stock.
Johnson Controls International Trading Up 2.3%
JCI opened at $146.12 on Friday. Johnson Controls International plc has a 52 week low of $104.49 and a 52 week high of $157.06. The stock has a market cap of $88.51 billion, a PE ratio of 25.41, a PEG ratio of 1.37 and a beta of 1.29. The company has a quick ratio of 0.83, a current ratio of 1.00 and a debt-to-equity ratio of 0.61. The business has a 50 day moving average of $144.92 and a 200-day moving average of $141.41.
Johnson Controls International (NYSE:JCI – Get Free Report) last released its earnings results on Thursday, July 30th. The company reported $1.42 earnings per share for the quarter, topping analysts’ consensus estimates of $1.30 by $0.12. The firm had revenue of $6.61 billion for the quarter, compared to the consensus estimate of $6.46 billion. Johnson Controls International had a net margin of 14.32% and a return on equity of 22.11%. The company’s revenue was up 9.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.05 EPS. Equities research analysts predict that Johnson Controls International plc will post 5.08 earnings per share for the current fiscal year.
Johnson Controls International Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, October 16th. Investors of record on Monday, September 21st will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, September 21st. This represents a $1.60 annualized dividend and a dividend yield of 1.1%. Johnson Controls International’s dividend payout ratio (DPR) is 27.83%.
Johnson Controls International Company Profile
Johnson Controls International plc (NYSE:JCI) is a global company focused on building technologies and solutions that improve the efficiency, safety and sustainability of buildings. Its offerings include heating, ventilation and air-conditioning systems, building automation and controls, fire detection and suppression equipment, security systems, and related digital technologies and services.
The company serves commercial, institutional, industrial and residential customers, helping organizations manage building operations, energy use, indoor air quality and physical security.
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