Nicholas Hoffman & Company LLC. Acquires 858 Shares of Johnson Controls International plc (NYSE:JCI)

Nicholas Hoffman & Company LLC. raised its holdings in shares of Johnson Controls International plc (NYSE:JCI) by 22.8% in the second quarter, HoldingsChannel reports. The firm owned 4,626 shares of the company’s stock after buying an additional 858 shares during the quarter. Nicholas Hoffman & Company LLC.’s holdings in Johnson Controls International were worth $317,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in JCI. Commonwealth Equity Services LLC raised its position in Johnson Controls International by 5.8% during the 1st quarter. Commonwealth Equity Services LLC now owns 68,502 shares of the company’s stock valued at $4,087,000 after purchasing an additional 3,785 shares during the last quarter. GSB Wealth Management LLC purchased a new stake in shares of Johnson Controls International in the 1st quarter worth approximately $2,822,000. Commerce Bank grew its stake in shares of Johnson Controls International by 6.3% in the 1st quarter. Commerce Bank now owns 23,462 shares of the company’s stock worth $1,400,000 after buying an additional 1,396 shares during the last quarter. Associated Banc Corp grew its stake in shares of Johnson Controls International by 41.1% in the 1st quarter. Associated Banc Corp now owns 12,671 shares of the company’s stock worth $342,000 after buying an additional 3,689 shares during the last quarter. Finally, Standard Life Aberdeen plc grew its stake in shares of Johnson Controls International by 7.5% in the 1st quarter. Standard Life Aberdeen plc now owns 387,332 shares of the company’s stock worth $23,115,000 after buying an additional 27,040 shares during the last quarter. 88.80% of the stock is owned by institutional investors and hedge funds.

NYSE JCI opened at $74.37 on Wednesday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.89 and a current ratio of 1.11. The company has a market capitalization of $52.97 billion, a price-to-earnings ratio of 29.75, a price-to-earnings-growth ratio of 3.53 and a beta of 1.08. The company’s 50-day simple moving average is $72.39 and its two-hundred day simple moving average is $66.62. Johnson Controls International plc has a one year low of $39.79 and a one year high of $76.83.

Johnson Controls International (NYSE:JCI) last posted its earnings results on Thursday, July 29th. The company reported $0.83 EPS for the quarter, meeting analysts’ consensus estimates of $0.83. The business had revenue of $6.34 billion for the quarter, compared to the consensus estimate of $6.27 billion. Johnson Controls International had a net margin of 7.79% and a return on equity of 9.79%. The company’s revenue for the quarter was up 18.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.67 EPS. Equities analysts expect that Johnson Controls International plc will post 2.66 earnings per share for the current fiscal year.

In other Johnson Controls International news, CEO George Oliver sold 176,754 shares of the firm’s stock in a transaction dated Tuesday, July 6th. The shares were sold at an average price of $68.17, for a total transaction of $12,049,320.18. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.76% of the company’s stock.

Several analysts recently weighed in on the company. Barclays upgraded Johnson Controls International from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $67.00 to $75.00 in a research note on Wednesday, May 26th. Morgan Stanley increased their price objective on shares of Johnson Controls International from $85.00 to $87.00 and gave the company an “overweight” rating in a research report on Thursday, September 9th. Royal Bank of Canada raised their target price on Johnson Controls International from $70.00 to $76.00 and gave the stock a “sector perform” rating in a research report on Thursday, September 9th. Citigroup lifted their price target on shares of Johnson Controls International from $72.00 to $73.00 and gave the company a “neutral” rating in a report on Monday, August 2nd. Finally, Oppenheimer increased their price objective on shares of Johnson Controls International from $78.00 to $86.00 and gave the stock an “outperform” rating in a research note on Friday, September 10th. Eight research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $70.50.

Johnson Controls International Company Profile

Johnson Controls International Plc engages in the provision of buildings products, energy solutions, integrated infrastructure and next generation transportation systems. Its technology and service capabilities include fire, security, HVAC, power solutions and energy storage to serve various end markets including large institutions, commercial buildings, retail, industrial, small business and residential.

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

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