Dakota Wealth Management Buys New Shares in Johnson Controls International plc (NYSE:JCI)

Dakota Wealth Management purchased a new position in Johnson Controls International plc (NYSE:JCI) during the third quarter, HoldingsChannel reports. The institutional investor purchased 2,839 shares of the company’s stock, valued at approximately $220,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Wealth Enhancement Advisory Services LLC grew its holdings in Johnson Controls International by 3.1% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 47,277 shares of the company’s stock valued at $3,088,000 after purchasing an additional 1,432 shares during the period. Hennion & Walsh Asset Management Inc. acquired a new stake in shares of Johnson Controls International during the 1st quarter worth $212,000. Founders Financial Securities LLC purchased a new position in shares of Johnson Controls International in the 1st quarter worth $248,000. Miracle Mile Advisors LLC boosted its holdings in Johnson Controls International by 1.6% in the first quarter. Miracle Mile Advisors LLC now owns 16,908 shares of the company’s stock valued at $1,104,000 after acquiring an additional 268 shares during the last quarter. Finally, IVC Wealth Advisors LLC grew its position in Johnson Controls International by 18.6% during the first quarter. IVC Wealth Advisors LLC now owns 4,315 shares of the company’s stock valued at $282,000 after acquiring an additional 676 shares during the period. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Analyst Ratings Changes

JCI has been the topic of a number of recent research reports. The Goldman Sachs Group boosted their price objective on shares of Johnson Controls International from $73.00 to $81.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Wells Fargo & Company increased their price target on Johnson Controls International from $80.00 to $84.00 and gave the company an “overweight” rating in a report on Monday, October 7th. Mizuho raised their price objective on Johnson Controls International from $62.00 to $75.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th. Barclays upped their target price on Johnson Controls International from $62.00 to $64.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 2nd. Finally, Robert W. Baird raised their target price on Johnson Controls International from $72.00 to $78.00 and gave the company a “neutral” rating in a report on Thursday, August 1st. Twelve research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, Johnson Controls International has a consensus rating of “Hold” and an average price target of $73.43.

Insiders Place Their Bets

In other news, COO Nathan D. Manning sold 1,167 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $72.75, for a total value of $84,899.25. Following the transaction, the chief operating officer now directly owns 143,488 shares in the company, valued at approximately $10,438,752. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other 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 sale, the chief operating officer now directly owns 143,488 shares in the company, valued at approximately $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 can be accessed through the SEC website. Also, COO Nathan D. Manning sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 1st. The stock was 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 in the company, valued at approximately $10,828,815.04. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 227,494 shares of company stock valued at $16,999,239 over the last 90 days. 0.69% of the stock is owned by company insiders.

Johnson Controls International Price Performance

JCI opened at $77.73 on Tuesday. The company has a market capitalization of $51.92 billion, a P/E ratio of 32.52, a PEG ratio of 2.20 and a beta of 1.29. The company has a 50-day moving average of $74.10 and a 200-day moving average of $70.16. 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 plc has a 1-year low of $48.13 and a 1-year high of $78.23.

Johnson Controls International (NYSE:JCI) last posted its quarterly earnings results on Wednesday, July 31st. The company reported $1.14 EPS for the quarter, topping analysts’ consensus estimates 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 business had revenue of $7.23 billion during the quarter, compared to the consensus estimate of $7.53 billion. During the same period last year, the firm earned $1.03 earnings per share. The company’s revenue for the quarter was up 1.4% compared to the same quarter last year. Equities analysts expect that Johnson Controls International plc will post 3.68 EPS for the current fiscal year.

Johnson Controls International Announces Dividend

The company also recently disclosed 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. This represents a $1.48 annualized dividend and a yield of 1.90%. The ex-dividend date of this dividend was Wednesday, September 25th. Johnson Controls International’s dividend payout ratio (DPR) is presently 61.92%.

About Johnson Controls International

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.