Brandes Investment Partners LP Has $39.07 Million Stake in Johnson Controls International plc (NYSE:JCI)

Brandes Investment Partners LP lowered its holdings in shares of Johnson Controls International plc (NYSE:JCI) by 0.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 587,528 shares of the company’s stock after selling 2,949 shares during the period. Brandes Investment Partners LP owned about 0.09% of Johnson Controls International worth $39,072,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of JCI. Rise Advisors LLC acquired a new stake in shares of Johnson Controls International during the 1st quarter valued at about $25,000. Continuum Advisory LLC increased its holdings in Johnson Controls International by 65.2% during the 2nd 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 position in Johnson Controls International in the 2nd quarter valued at $47,000. Hexagon Capital Partners LLC boosted its stake in Johnson Controls International by 39.7% in the second quarter. Hexagon Capital Partners LLC now owns 711 shares of the company’s stock worth $47,000 after purchasing an additional 202 shares in the last quarter. Finally, Family Firm Inc. bought a new stake in shares of Johnson Controls International during the second quarter worth $48,000. Institutional investors own 90.05% of the company’s stock.

Wall Street Analysts Forecast Growth

JCI has been the subject of a number of research analyst reports. Morgan Stanley initiated coverage on shares of Johnson Controls International in a research report on Friday, September 6th. They set an “overweight” rating and a $85.00 price target on the stock. The Goldman Sachs Group upped their target price on shares of Johnson Controls International from $73.00 to $81.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Royal Bank of Canada raised shares of Johnson Controls International from an “underperform” rating to a “sector perform” rating and raised their price target for the company from $61.00 to $69.00 in a report on Wednesday, August 14th. Bank of America boosted their price objective on shares of Johnson Controls International from $80.00 to $95.00 and gave the stock a “buy” rating in a research report on Friday. Finally, Oppenheimer increased their price objective on Johnson Controls International from $70.00 to $76.00 and gave the company an “outperform” rating in a research report on Thursday, June 27th. Eleven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $71.29.

Johnson Controls International Trading Up 0.9 %

NYSE JCI opened at $77.21 on Monday. Johnson Controls International plc has a 12 month low of $47.90 and a 12 month high of $77.71. The stock has a 50-day simple moving average of $70.55 and a 200 day simple moving average of $68.35. The company has a current ratio of 0.96, a quick ratio of 0.73 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $51.58 billion, a PE ratio of 31.26, a P/E/G ratio of 1.99 and a beta of 1.29.

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

Johnson Controls International Dividend Announcement

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

Insider Activity at Johnson Controls International

In related news, CEO George Oliver sold 110,615 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, COO Nathan D. Manning sold 1,167 shares of the stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $72.75, for a total transaction of $84,899.25. Following the completion of the sale, the chief operating officer now owns 143,488 shares of the company’s stock, valued at $10,438,752. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO George Oliver sold 110,615 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was 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 in the company, valued at $90,383,385.17. The disclosure for this sale can be found here. Insiders sold a total of 113,879 shares of company stock worth $8,270,529 in the last quarter. Corporate insiders own 0.69% of the company’s stock.

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.