Johnson Controls International plc (NYSE:JCI) Shares Acquired by Ballentine Partners LLC

Ballentine Partners LLC boosted its holdings in Johnson Controls International plc (NYSE:JCI) by 43.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,550 shares of the company’s stock after purchasing an additional 3,219 shares during the quarter. Ballentine Partners LLC’s holdings in Johnson Controls International were worth $689,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the business. Optimum Investment Advisors grew its stake in shares of Johnson Controls International by 17.5% during the 4th quarter. Optimum Investment Advisors now owns 1,175 shares of the company’s stock valued at $68,000 after buying an additional 175 shares during the period. Raleigh Capital Management Inc. increased its stake in Johnson Controls International by 3.9% during the third quarter. Raleigh Capital Management Inc. now owns 4,767 shares of the company’s stock worth $254,000 after acquiring an additional 179 shares during the last quarter. BSW Wealth Partners raised its holdings in shares of Johnson Controls International by 4.3% in the 4th quarter. BSW Wealth Partners now owns 4,494 shares of the company’s stock worth $259,000 after purchasing an additional 185 shares during the period. HCR Wealth Advisors lifted its stake in shares of Johnson Controls International by 1.2% in the 4th quarter. HCR Wealth Advisors now owns 16,225 shares of the company’s stock valued at $935,000 after purchasing an additional 185 shares in the last quarter. Finally, Mutual Advisors LLC grew its holdings in shares of Johnson Controls International by 0.4% during the 3rd quarter. Mutual Advisors LLC now owns 46,147 shares of the company’s stock worth $2,455,000 after purchasing an additional 199 shares during the period. 90.05% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Johnson Controls International news, VP Daniel C. Mcconeghy sold 9,342 shares of the stock in a transaction on Friday, May 10th. The shares were sold at an average price of $65.50, for a total transaction of $611,901.00. Following the sale, the vice president now directly owns 25,378 shares of the company’s stock, valued at $1,662,259. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Juergen Tinggren sold 4,000 shares of the firm’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $62.31, for a total value of $249,240.00. Following the sale, the director now owns 30,120 shares of the company’s stock, valued at approximately $1,876,777.20. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Daniel C. Mcconeghy sold 9,342 shares of the company’s stock in a transaction on Friday, May 10th. The stock was sold at an average price of $65.50, for a total value of $611,901.00. Following the transaction, the vice president now owns 25,378 shares of the company’s stock, valued at $1,662,259. The disclosure for this sale can be found here. In the last ninety days, insiders sold 16,900 shares of company stock worth $1,085,145. 0.69% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research firms recently commented on JCI. Citigroup raised their price target on shares of Johnson Controls International from $59.00 to $68.00 and gave the company a “neutral” rating in a report on Monday, April 8th. Barclays lifted their target price on shares of Johnson Controls International from $59.00 to $62.00 and gave the company an “equal weight” rating in a report on Friday. Wells Fargo & Company increased their price target on Johnson Controls International from $64.00 to $73.00 and gave the company an “overweight” rating in a report on Tuesday, April 2nd. UBS Group cut Johnson Controls International from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $74.00 to $68.00 in a research note on Monday, May 6th. Finally, Oppenheimer lowered their target price on Johnson Controls International from $71.00 to $70.00 and set an “outperform” rating for the company in a research note on Thursday, May 2nd. One research analyst has rated the stock with a sell rating, ten have given a hold rating and four 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 an average price target of $63.27.

Johnson Controls International Stock Up 1.1 %

Shares of NYSE:JCI traded up $0.78 during midday trading on Monday, reaching $68.95. The company had a trading volume of 190,144 shares, compared to its average volume of 5,530,531. Johnson Controls International plc has a one year low of $47.90 and a one year high of $74.23. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.87 and a quick ratio of 0.65. The stock has a market capitalization of $46.45 billion, a P/E ratio of 27.60, a PEG ratio of 1.75 and a beta of 1.29. The stock’s fifty day moving average price is $67.92 and its 200-day moving average price is $61.84.

Johnson Controls International (NYSE:JCI) last issued its earnings results on Wednesday, May 1st. The company reported $0.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.75 by $0.03. Johnson Controls International had a net margin of 6.32% and a return on equity of 13.21%. The business had revenue of $6.70 billion for the quarter, compared to analyst estimates of $7.51 billion. During the same quarter in the prior year, the business posted $0.75 EPS. The company’s revenue for the quarter was down 6.1% on a year-over-year basis. Equities research analysts expect that Johnson Controls International plc will post 3.59 earnings per share for the current fiscal year.

Johnson Controls International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, July 19th. Shareholders of record on Monday, June 24th will be issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 2.15%. The ex-dividend date of this dividend is Monday, June 24th. Johnson Controls International’s dividend payout ratio is presently 59.92%.

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.