J.P. Morgan Private Wealth Advisors LLC Invests $3.96 Million in Johnson Controls International plc (NYSE:JCI)

J.P. Morgan Private Wealth Advisors LLC acquired a new position in shares of Johnson Controls International plc (NYSE:JCIFree Report) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 74,455 shares of the company’s stock, valued at approximately $3,962,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Raymond James Trust N.A. grew its holdings in Johnson Controls International by 3.1% during the 1st quarter. Raymond James Trust N.A. now owns 13,142 shares of the company’s stock worth $862,000 after acquiring an additional 401 shares in the last quarter. Synovus Financial Corp boosted its position in shares of Johnson Controls International by 3.6% during the 1st quarter. Synovus Financial Corp now owns 12,080 shares of the company’s stock worth $786,000 after acquiring an additional 425 shares in the last quarter. Baird Financial Group Inc. increased its holdings in shares of Johnson Controls International by 0.7% in the 1st quarter. Baird Financial Group Inc. now owns 70,039 shares of the company’s stock valued at $4,593,000 after acquiring an additional 461 shares during the last quarter. Brown Brothers Harriman & Co. boosted its holdings in Johnson Controls International by 23.0% in the first quarter. Brown Brothers Harriman & Co. now owns 7,581 shares of the company’s stock valued at $497,000 after purchasing an additional 1,418 shares in the last quarter. Finally, Mackenzie Financial Corp raised its holdings in Johnson Controls International by 3.5% during the first quarter. Mackenzie Financial Corp now owns 371,039 shares of the company’s stock worth $24,329,000 after purchasing an additional 12,648 shares in the last quarter. 88.64% of the stock is currently owned by hedge funds and other institutional investors.

Johnson Controls International Stock Performance

Shares of JCI opened at $54.40 on Thursday. The company has a quick ratio of 0.73, a current ratio of 0.97 and a debt-to-equity ratio of 0.45. Johnson Controls International plc has a 52-week low of $47.90 and a 52-week high of $70.43. The company has a 50-day simple moving average of $55.34 and a 200-day simple moving average of $55.66. The company has a market capitalization of $37.07 billion, a PE ratio of 17.72, a P/E/G ratio of 1.32 and a beta of 1.22.

Johnson Controls International (NYSE:JCIGet Free Report) last issued its quarterly earnings data on Tuesday, January 30th. The company reported $0.51 EPS for the quarter, meeting analysts’ consensus estimates of $0.51. Johnson Controls International had a net margin of 7.85% and a return on equity of 13.08%. The firm had revenue of $6.09 billion for the quarter, compared to analysts’ expectations of $6.94 billion. During the same period in the prior year, the company earned $0.67 EPS. The firm’s revenue was up .4% on a year-over-year basis. Equities research analysts predict that Johnson Controls International plc will post 3.63 earnings per share for the current fiscal year.

Johnson Controls International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 12th. Investors of record on Monday, December 18th were given a $0.37 dividend. The ex-dividend date was Friday, December 15th. This represents a $1.48 annualized dividend and a dividend yield of 2.72%. Johnson Controls International’s dividend payout ratio is presently 48.21%.

Insider Activity at Johnson Controls International

In other news, CEO George Oliver sold 103,332 shares of the company’s stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $52.30, for a total transaction of $5,404,263.60. Following the completion of the sale, the chief executive officer now directly owns 980,403 shares in the company, valued at approximately $51,275,076.90. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Over the last three months, insiders sold 103,892 shares of company stock worth $5,435,042. 0.69% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on JCI shares. Vertical Research cut shares of Johnson Controls International from a “buy” rating to a “hold” rating and set a $55.00 price target for the company. in a research report on Wednesday, December 13th. Melius Research reiterated a “hold” rating on shares of Johnson Controls International in a research note on Tuesday, January 30th. TheStreet raised shares of Johnson Controls International from a “c+” rating to a “b-” rating in a report on Tuesday, December 26th. Royal Bank of Canada lowered their price objective on shares of Johnson Controls International from $50.00 to $48.00 and set an “underperform” rating on the stock in a research report on Wednesday, January 31st. Finally, Oppenheimer reiterated an “outperform” rating and set a $66.00 target price on shares of Johnson Controls International in a research note on Wednesday, December 13th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $62.64.

Check Out Our Latest Analysis on JCI

About Johnson Controls International

(Free Report)

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.

Further Reading

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

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