Old North State Trust LLC Invests $267,000 in Johnson Controls International plc $JCI

Old North State Trust LLC purchased a new position in shares of Johnson Controls International plc (NYSE:JCI) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 3,686 shares of the company’s stock, valued at approximately $267,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Mcguire Capital Advisors Inc. acquired a new position in Johnson Controls International during the fourth quarter worth approximately $27,000. Twin Tree Management LP lifted its position in Johnson Controls International by 140.9% during the fourth quarter. Twin Tree Management LP now owns 260 shares of the company’s stock worth $31,000 after acquiring an additional 895 shares during the last quarter. Fourth Dimension Wealth LLC grew its position in shares of Johnson Controls International by 51.3% in the second quarter. Fourth Dimension Wealth LLC now owns 230 shares of the company’s stock valued at $34,000 after purchasing an additional 78 shares during the last quarter. First Bancorp Inc ME acquired a new position in shares of Johnson Controls International in the second quarter valued at approximately $34,000. Finally, SJS Investment Consulting Inc. lifted its holdings in Johnson Controls International by 747.1% during the 1st quarter. SJS Investment Consulting Inc. now owns 288 shares of the company’s stock worth $38,000 after purchasing an additional 254 shares during the last quarter. 90.05% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently weighed in on JCI shares. Wolfe Research reiterated an “outperform” rating and set a $171.00 target price on shares of Johnson Controls International in a research report on Wednesday, June 3rd. Wall Street Zen lowered Johnson Controls International from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Johnson Controls International in a report on Tuesday, June 9th. Zacks Research cut shares of Johnson Controls International from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 6th. Finally, JPMorgan Chase & Co. boosted their price objective on Johnson Controls International from $158.00 to $162.00 in a research report on Thursday, May 7th. Twelve investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $155.50.

Johnson Controls International Price Performance

Shares of NYSE:JCI opened at $142.35 on Friday. The company has a quick ratio of 0.83, a current ratio of 1.00 and a debt-to-equity ratio of 0.61. The firm has a market capitalization of $86.23 billion, a PE ratio of 24.76, a P/E/G ratio of 1.39 and a beta of 1.31. Johnson Controls International plc has a twelve month low of $103.82 and a twelve month high of $157.06. The company has a 50-day moving average price of $145.05 and a two-hundred day moving average price of $141.24.

Johnson Controls International (NYSE:JCI) last posted its quarterly earnings results on Thursday, July 30th. The company reported $1.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.30 by $0.12. The company had revenue of $6.61 billion for the quarter, compared to analyst estimates of $6.46 billion. Johnson Controls International had a net margin of 14.32% and a return on equity of 22.11%. The company’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.05 earnings per share. Equities analysts forecast that Johnson Controls International plc will post 5.08 EPS for the current year.

Johnson Controls International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 10th. Shareholders of record on Monday, June 15th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Monday, June 15th. Johnson Controls International’s payout ratio is presently 27.83%.

Insider Activity at Johnson Controls International

In related news, VP Lei Zhang Schlitz sold 23,417 shares of the company’s stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $153.07, for a total transaction of $3,584,440.19. Following the sale, the vice president owned 15,017 shares of the company’s stock, valued at approximately $2,298,652.19. This represents a 60.93% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Todd M. Grabowski sold 1,800 shares of the stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $146.20, for a total value of $263,160.00. Following the completion of the sale, the vice president owned 26,215 shares in the company, valued at $3,832,633. This trade represents a 6.43% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.29% of the stock is currently owned by insiders.

About Johnson Controls International

Johnson Controls International plc is a global diversified technology and multi‑industrial company that develops products, services and solutions for buildings and energy storage. The company’s core focus is on improving building efficiency, safety and sustainability through a combination of HVAC equipment, building controls and automation, fire and security systems, and related services. Johnson Controls traces its roots to 1885, when inventor Warren S. Johnson developed an electric room thermostat; over its long history the company has expanded from controls into a broad set of building‑related technologies and, through corporate transactions, into a global provider of integrated building solutions.

Johnson Controls’ product and service portfolio includes heating, ventilation and air‑conditioning equipment, chillers, air handlers and related mechanical systems, together with building automation and control platforms that monitor and manage energy use, indoor environmental quality and security.