Nemes Rush Group LLC Acquires 9,609 Shares of Johnson Controls International plc (NYSE:JCI)

Nemes Rush Group LLC boosted its holdings in Johnson Controls International plc (NYSE:JCI) by 6.9% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 149,160 shares of the company’s stock after purchasing an additional 9,609 shares during the quarter. Johnson Controls International comprises 1.4% of Nemes Rush Group LLC’s holdings, making the stock its 26th largest holding. Nemes Rush Group LLC’s holdings in Johnson Controls International were worth $9,915,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Rise Advisors LLC acquired a new stake in shares of Johnson Controls International during the 1st quarter worth approximately $25,000. Continuum Advisory LLC increased its stake in Johnson Controls International by 65.2% in the second quarter. Continuum Advisory LLC now owns 527 shares of the company’s stock valued at $35,000 after purchasing an additional 208 shares in the last quarter. Friedenthal Financial bought a new stake in Johnson Controls International in the second quarter valued at $47,000. Hexagon Capital Partners LLC raised its holdings in shares of Johnson Controls International by 39.7% during the second quarter. Hexagon Capital Partners LLC now owns 711 shares of the company’s stock valued at $47,000 after purchasing an additional 202 shares during the period. Finally, Family Firm Inc. bought a new position in shares of Johnson Controls International during the 2nd quarter worth about $48,000. 90.05% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently commented on JCI. 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 research note on Friday, August 2nd. Robert W. Baird upped their target price on Johnson Controls International from $72.00 to $78.00 and gave the stock a “neutral” rating in a research report on Thursday, August 1st. Wells Fargo & Company lifted their price target on shares of Johnson Controls International from $75.00 to $80.00 and gave the company an “overweight” rating in a research report on Thursday, August 1st. Oppenheimer upped their price objective on shares of Johnson Controls International from $70.00 to $76.00 and gave the stock an “outperform” rating in a report on Thursday, June 27th. Finally, StockNews.com raised shares of Johnson Controls International from a “hold” rating to a “buy” rating in a research note on Friday, August 2nd. Eleven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $71.29.

Insider Buying and Selling

In related news, COO Nathan D. Manning sold 1,167 shares of the business’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $70.71, for a total value of $82,518.57. Following the sale, the chief operating officer now directly owns 103,866 shares in the company, valued at approximately $7,344,364.86. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO George Oliver sold 110,615 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $72.67, for a total transaction of $8,038,392.05. Following the sale, the chief executive officer now owns 1,243,751 shares of the company’s stock, valued at approximately $90,383,385.17. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Nathan D. Manning sold 1,167 shares of the stock in a transaction that occurred 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 completion of the sale, the chief operating officer now owns 103,866 shares in the company, valued at $7,344,364.86. The disclosure for this sale can be found here. In the last quarter, insiders have sold 115,046 shares of company stock valued at $8,347,562. 0.69% of the stock is owned by company insiders.

Johnson Controls International Trading Up 0.9 %

NYSE:JCI opened at $77.21 on Friday. Johnson Controls International plc has a 52 week low of $47.90 and a 52 week high of $77.71. The firm has a 50-day moving average price of $70.55 and a two-hundred day moving average price of $68.31. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.73 and a current ratio of 0.96. The firm has a market cap of $51.58 billion, a price-to-earnings ratio of 31.26, a price-to-earnings-growth ratio of 1.99 and a beta of 1.29.

Johnson Controls International (NYSE:JCI) last issued its quarterly earnings results on Wednesday, July 31st. The company reported $1.14 EPS for the quarter, beating 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 company 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 business posted $1.03 earnings per share. Johnson Controls International’s revenue was up 1.4% on a year-over-year basis. On average, equities analysts expect that Johnson Controls International plc will post 3.67 earnings per share for the current fiscal year.

Johnson Controls International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 18th. Shareholders of record on Wednesday, September 25th will be given a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 1.92%. The ex-dividend date is Wednesday, September 25th. Johnson Controls International’s dividend payout ratio is 59.92%.

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.