Balentine LLC grew its stake in shares of Johnson Controls International plc Ordinary Share (NYSE:JCI) by 82.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,307 shares of the auto parts company’s stock after buying an additional 1,490 shares during the quarter. Balentine LLC’s holdings in Johnson Controls International plc Ordinary Share were worth $133,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in JCI. First Interstate Bank raised its holdings in shares of Johnson Controls International plc Ordinary Share by 0.9% in the 2nd quarter. First Interstate Bank now owns 7,069 shares of the auto parts company’s stock worth $307,000 after purchasing an additional 62 shares in the last quarter. Stanley Laman Group Ltd. raised its holdings in shares of Johnson Controls International plc Ordinary Share by 0.6% in the 2nd quarter. Stanley Laman Group Ltd. now owns 11,410 shares of the auto parts company’s stock worth $495,000 after purchasing an additional 63 shares in the last quarter. Bessemer Group Inc. raised its holdings in shares of Johnson Controls International plc Ordinary Share by 5.5% in the 2nd quarter. Bessemer Group Inc. now owns 2,550 shares of the auto parts company’s stock worth $110,000 after purchasing an additional 133 shares in the last quarter. Teacher Retirement System of Texas raised its holdings in shares of Johnson Controls International plc Ordinary Share by 1.6% in the 2nd quarter. Teacher Retirement System of Texas now owns 9,924 shares of the auto parts company’s stock worth $430,000 after purchasing an additional 153 shares in the last quarter. Finally, AMG Funds LLC raised its holdings in shares of Johnson Controls International plc Ordinary Share by 0.4% in the 2nd quarter. AMG Funds LLC now owns 44,628 shares of the auto parts company’s stock worth $1,935,000 after purchasing an additional 199 shares in the last quarter. Institutional investors own 89.92% of the company’s stock.

In related news, CEO George Oliver acquired 27,300 shares of the stock in a transaction that occurred on Friday, November 24th. The shares were purchased at an average cost of $36.80 per share, with a total value of $1,004,640.00. Following the completion of the transaction, the chief executive officer now owns 634,732 shares of the company’s stock, valued at approximately $23,358,137.60. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP Jeffrey M. Williams sold 1,955 shares of the business’s stock in a transaction that occurred on Wednesday, October 11th. The shares were sold at an average price of $41.43, for a total transaction of $80,995.65. The disclosure for this sale can be found here. Insiders own 1.50% of the company’s stock.

A number of analysts recently commented on the stock. Oppenheimer reiterated a “buy” rating and issued a $50.00 target price (down from $52.00) on shares of Johnson Controls International plc Ordinary Share in a report on Tuesday, October 31st. JMP Securities set a $50.00 target price on shares of Johnson Controls International plc Ordinary Share and gave the stock a “buy” rating in a report on Monday, October 23rd. Citigroup reiterated a “buy” rating and issued a $50.00 target price (up from $47.00) on shares of Johnson Controls International plc Ordinary Share in a report on Monday, October 9th. Cowen reiterated a “buy” rating and issued a $48.00 target price on shares of Johnson Controls International plc Ordinary Share in a report on Thursday, November 9th. Finally, Morgan Stanley set a $48.00 target price on shares of Johnson Controls International plc Ordinary Share and gave the stock an “overweight” rating in a report on Monday, October 2nd. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and ten have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $47.77.

Johnson Controls International plc Ordinary Share (NYSE:JCI) traded up $0.05 during trading on Monday, hitting $37.41. 7,141,600 shares of the stock traded hands, compared to its average volume of 5,194,674. The stock has a market capitalization of $34,620.52, a P/E ratio of 14.33, a P/E/G ratio of 1.01 and a beta of 0.90. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.77 and a current ratio of 1.04. Johnson Controls International plc Ordinary Share has a 1-year low of $34.51 and a 1-year high of $44.70.

Johnson Controls International plc Ordinary Share (NYSE:JCI) last released its earnings results on Thursday, November 9th. The auto parts company reported $0.87 earnings per share for the quarter, hitting the consensus estimate of $0.87. The business had revenue of $8.14 billion for the quarter, compared to the consensus estimate of $8.10 billion. Johnson Controls International plc Ordinary Share had a net margin of 6.32% and a return on equity of 11.91%. The firm’s quarterly revenue was up 30.1% compared to the same quarter last year. During the same period last year, the firm posted $1.21 earnings per share. research analysts predict that Johnson Controls International plc Ordinary Share will post 2.78 earnings per share for the current fiscal year.

Johnson Controls International plc Ordinary Share declared that its Board of Directors has approved a share buyback plan on Thursday, December 7th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the auto parts company to repurchase shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its stock is undervalued.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 12th. Investors of record on Monday, December 18th will be given a dividend of $0.26 per share. The ex-dividend date is Friday, December 15th. This is an increase from Johnson Controls International plc Ordinary Share’s previous quarterly dividend of $0.25. This represents a $1.04 dividend on an annualized basis and a yield of 2.78%. Johnson Controls International plc Ordinary Share’s payout ratio is presently 49.26%.

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About Johnson Controls International plc Ordinary Share

Johnson Controls, Inc is a technology company. The Company provides products, services and solutions to optimize energy and operational efficiencies of buildings; lead-acid automotive batteries and advanced batteries for hybrid and electric vehicles, and seating and interior systems for automobiles. The Company operates in two segments: Building Efficiency and Power Solutions.

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Institutional Ownership by Quarter for Johnson Controls International plc Ordinary Share (NYSE:JCI)

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