MGO One Seven LLC Has $949,000 Stock Position in Johnson Controls International plc (NYSE:JCI)

MGO One Seven LLC boosted its position in Johnson Controls International plc (NYSE:JCI) by 3.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 14,272 shares of the company’s stock after acquiring an additional 501 shares during the period. MGO One Seven LLC’s holdings in Johnson Controls International were worth $949,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Glassy Mountain Advisors Inc. lifted its holdings in shares of Johnson Controls International by 0.4% in the 1st quarter. Glassy Mountain Advisors Inc. now owns 50,282 shares of the company’s stock worth $3,284,000 after purchasing an additional 181 shares in the last quarter. HCR Wealth Advisors grew its holdings in shares of Johnson Controls International by 1.2% during the fourth quarter. HCR Wealth Advisors now owns 16,225 shares of the company’s stock valued at $935,000 after buying an additional 185 shares during the last quarter. Center for Financial Planning Inc. increased its position in shares of Johnson Controls International by 5.7% during the second quarter. Center for Financial Planning Inc. now owns 3,485 shares of the company’s stock worth $232,000 after acquiring an additional 187 shares in the last quarter. Wedmont Private Capital increased its position in shares of Johnson Controls International by 3.1% during the second quarter. Wedmont Private Capital now owns 6,440 shares of the company’s stock worth $451,000 after acquiring an additional 192 shares in the last quarter. Finally, Hexagon Capital Partners LLC raised its holdings in shares of Johnson Controls International by 39.7% in the 2nd quarter. Hexagon Capital Partners LLC now owns 711 shares of the company’s stock worth $47,000 after acquiring an additional 202 shares during the last quarter. Institutional investors and hedge funds own 90.05% of the company’s stock.

Insider Activity at Johnson Controls International

In other Johnson Controls International news, COO Nathan D. Manning sold 1,167 shares of the stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $70.71, for a total transaction of $82,518.57. Following the sale, the chief operating officer now owns 103,866 shares in the company, valued at $7,344,364.86. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In the last ninety days, insiders sold 4,245 shares of company stock worth $295,442. Corporate insiders own 0.69% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on JCI shares. Wells Fargo & Company lifted their price target on Johnson Controls International from $75.00 to $80.00 and gave the company an “overweight” rating in a research note on Thursday, August 1st. The Goldman Sachs Group upped their price target on Johnson Controls International from $73.00 to $81.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Morgan Stanley assumed coverage on Johnson Controls International in a research note on Friday, September 6th. They set an “overweight” rating and a $85.00 price objective on the stock. Royal Bank of Canada upgraded shares of Johnson Controls International from an “underperform” rating to a “sector perform” rating and increased their target price for the company from $61.00 to $69.00 in a report on Wednesday, August 14th. Finally, Bank of America upgraded shares of Johnson Controls International from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $76.00 to $80.00 in a report on Tuesday. Eleven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $70.21.

Johnson Controls International Stock Performance

NYSE:JCI opened at $72.55 on Friday. The company has a market capitalization of $48.46 billion, a P/E ratio of 29.37, a P/E/G ratio of 1.86 and a beta of 1.29. The business has a fifty day simple moving average of $69.46 and a two-hundred day simple moving average of $67.27. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.96 and a quick ratio of 0.73. Johnson Controls International plc has a 1 year low of $47.90 and a 1 year high of $75.36.

Johnson Controls International (NYSE:JCI) last announced its quarterly earnings data on Wednesday, July 31st. The company reported $1.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.08 by $0.06. The business had revenue of $7.23 billion for the quarter, compared to analysts’ expectations of $7.53 billion. Johnson Controls International had a return on equity of 13.64% and a net margin of 6.02%. The firm’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same period in the previous year, the business posted $1.03 EPS. On average, analysts expect that Johnson Controls International plc will post 3.67 earnings per share for the current year.

Johnson Controls International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 18th. Investors of record on Wednesday, September 25th will be issued a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 2.04%. The ex-dividend date of this dividend is Wednesday, September 25th. Johnson Controls International’s dividend payout ratio (DPR) 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.