BKM Wealth Management LLC Raises Stock Holdings in Johnson Controls International plc (NYSE:JCI)

BKM Wealth Management LLC boosted its stake in Johnson Controls International plc (NYSE:JCI) by 48.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,609 shares of the company’s stock after buying an additional 1,181 shares during the period. BKM Wealth Management LLC’s holdings in Johnson Controls International were worth $236,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Gotham Asset Management LLC increased its stake in Johnson Controls International by 435.5% during the third quarter. Gotham Asset Management LLC now owns 52,669 shares of the company’s stock worth $2,803,000 after purchasing an additional 42,834 shares during the period. United Services Automobile Association increased its stake in Johnson Controls International by 17.9% during the third quarter. United Services Automobile Association now owns 18,886 shares of the company’s stock worth $1,005,000 after purchasing an additional 2,867 shares during the period. Lazard Asset Management LLC increased its stake in Johnson Controls International by 3.5% during the third quarter. Lazard Asset Management LLC now owns 397,403 shares of the company’s stock worth $21,145,000 after purchasing an additional 13,537 shares during the period. AQR Capital Management LLC increased its stake in Johnson Controls International by 189.5% during the third quarter. AQR Capital Management LLC now owns 991,249 shares of the company’s stock worth $52,744,000 after purchasing an additional 648,790 shares during the period. Finally, Becker Capital Management Inc. purchased a new stake in Johnson Controls International during the third quarter worth about $238,000. 90.05% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Johnson Controls International

In other Johnson Controls International news, COO Nathan D. Manning sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $62.86, for a total value of $188,580.00. Following the completion of the sale, the chief operating officer now owns 106,891 shares in the company, valued at $6,719,168.26. The sale was disclosed in a document filed with the SEC, which is available through this link. In other Johnson Controls International news, VP Daniel C. Mcconeghy sold 9,342 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the vice president now owns 25,378 shares in the company, valued at $1,662,259. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, COO Nathan D. Manning sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $62.86, for a total value of $188,580.00. Following the sale, the chief operating officer now owns 106,891 shares of the company’s stock, valued at approximately $6,719,168.26. The disclosure for this sale can be found here. Over the last quarter, insiders sold 16,900 shares of company stock worth $1,085,145. 0.69% of the stock is owned by insiders.

Johnson Controls International Stock Performance

Shares of JCI opened at $65.52 on Tuesday. The stock has a 50 day moving average price of $68.24 and a 200 day moving average price of $62.27. The company has a quick ratio of 0.65, a current ratio of 0.87 and a debt-to-equity ratio of 0.44. The company has a market capitalization of $44.14 billion, a price-to-earnings ratio of 26.53, a price-to-earnings-growth ratio of 1.73 and a beta of 1.28. Johnson Controls International plc has a 52-week low of $47.90 and a 52-week high of $74.23.

Johnson Controls International (NYSE:JCI) last announced its quarterly 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 return on equity of 13.21% and a net margin of 6.32%. The firm had revenue of $6.70 billion during the quarter, compared to the consensus estimate of $7.51 billion. During the same period in the prior year, the company posted $0.75 earnings per share. The firm’s quarterly revenue was down 6.1% compared to the same quarter last year. Research analysts predict that Johnson Controls International plc will post 3.59 EPS for the current fiscal year.

Johnson Controls International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 19th. Shareholders of record on Monday, June 24th will be paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 2.26%. The ex-dividend date is Monday, June 24th. Johnson Controls International’s dividend payout ratio is currently 59.92%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on JCI shares. Oppenheimer boosted their price target on shares of Johnson Controls International from $70.00 to $76.00 and gave the stock an “outperform” rating in a research note on Thursday, June 27th. Wells Fargo & Company boosted their price objective on Johnson Controls International from $64.00 to $73.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 2nd. Citigroup boosted their price objective on Johnson Controls International from $59.00 to $68.00 and gave the stock a “neutral” rating in a research report on Monday, April 8th. UBS Group downgraded Johnson Controls International from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $74.00 to $68.00 in a research report on Monday, May 6th. Finally, Barclays boosted their price objective on Johnson Controls International from $59.00 to $62.00 and gave the stock an “equal weight” rating in a research report on Friday, June 21st. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $63.82.

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.