Schulhoff & Co. Inc. bought a new position in shares of Johnson Controls International plc (NYSE:JCI – Free Report) during the second quarter, HoldingsChannel reports. The firm bought 2,685 shares of the company’s stock, valued at approximately $284,000.
Other institutional investors have also added to or reduced their stakes in the company. Truvestments Capital LLC grew its position in Johnson Controls International by 425.0% during the first quarter. Truvestments Capital LLC now owns 315 shares of the company’s stock worth $25,000 after buying an additional 255 shares in the last quarter. Accent Capital Management LLC acquired a new stake in Johnson Controls International during the first quarter valued at approximately $26,000. Cornerstone Planning Group LLC boosted its holdings in Johnson Controls International by 74.5% during the first quarter. Cornerstone Planning Group LLC now owns 363 shares of the company’s stock valued at $28,000 after purchasing an additional 155 shares in the last quarter. Activest Wealth Management boosted its holdings in Johnson Controls International by 56.4% during the first quarter. Activest Wealth Management now owns 369 shares of the company’s stock valued at $30,000 after purchasing an additional 133 shares in the last quarter. Finally, Hilltop National Bank acquired a new stake in Johnson Controls International during the second quarter valued at approximately $35,000. 90.05% of the stock is owned by institutional investors and hedge funds.
Johnson Controls International Stock Performance
NYSE:JCI opened at $111.26 on Wednesday. Johnson Controls International plc has a 1 year low of $68.03 and a 1 year high of $112.63. The firm has a 50 day moving average of $107.50 and a 200-day moving average of $100.72. The company has a current ratio of 0.96, a quick ratio of 0.81 and a debt-to-equity ratio of 0.50. The stock has a market capitalization of $72.81 billion, a P/E ratio of 33.01, a price-to-earnings-growth ratio of 1.66 and a beta of 1.33.
Johnson Controls International Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, October 17th. Investors of record on Monday, September 22nd were given a $0.40 dividend. This is a boost from Johnson Controls International’s previous quarterly dividend of $0.37. The ex-dividend date was Monday, September 22nd. This represents a $1.60 annualized dividend and a yield of 1.4%. Johnson Controls International’s dividend payout ratio is presently 47.48%.
Insider Activity at Johnson Controls International
In related news, VP Nathan D. Manning sold 1,422 shares of the business’s stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $105.06, for a total value of $149,395.32. Following the completion of the transaction, the vice president owned 139,459 shares in the company, valued at $14,651,562.54. The trade was a 1.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Daniel C. Mcconeghy sold 5,917 shares of the business’s stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $105.73, for a total transaction of $625,604.41. Following the completion of the transaction, the vice president owned 25,005 shares of the company’s stock, valued at $2,643,778.65. This trade represents a 19.14% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 8,761 shares of company stock valued at $922,447 in the last 90 days. 0.54% of the stock is currently owned by corporate insiders.
Wall Street Analysts Forecast Growth
A number of equities research analysts have weighed in on JCI shares. Barclays lifted their price objective on Johnson Controls International from $100.00 to $101.00 and gave the company an “equal weight” rating in a report on Wednesday, July 30th. JPMorgan Chase & Co. lifted their price objective on Johnson Controls International from $105.00 to $125.00 and gave the company an “overweight” rating in a report on Wednesday, October 15th. Jefferies Financial Group reaffirmed a “hold” rating and set a $120.00 price objective on shares of Johnson Controls International in a report on Thursday, July 24th. Citigroup lifted their price objective on Johnson Controls International from $112.00 to $119.00 and gave the company a “neutral” rating in a report on Thursday, October 9th. Finally, Zacks Research raised Johnson Controls International to a “hold” rating in a report on Monday, August 11th. Ten analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $113.41.
Get Our Latest Stock Report on JCI
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.
See Also
- Five stocks we like better than Johnson Controls International
- How to Use the MarketBeat Excel Dividend Calculator
- 2 Ways to Trade Qualcomm Ahead of November’s Earnings
- Options Trading – Understanding Strike Price
- Lululemon: 2 Signs the Bottom Is In, and 1 Sign It Isn’t
- Investing In Preferred Stock vs. Common Stock
- Got 1K to Invest? These 3 Stocks Are Still Attractive Buys
Want to see what other hedge funds are holding JCI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Johnson Controls International plc (NYSE:JCI – Free Report).
Receive News & Ratings for Johnson Controls International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Johnson Controls International and related companies with MarketBeat.com's FREE daily email newsletter.
