Capital International Inc. CA Grows Stock Position in Johnson Controls International plc (NYSE:JCI)

Capital International Inc. CA lifted its stake in Johnson Controls International plc (NYSE:JCI) by 272.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 75,550 shares of the company’s stock after buying an additional 55,261 shares during the period. Capital International Inc. CA’s holdings in Johnson Controls International were worth $4,935,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. Advisors Asset Management Inc. grew its stake in shares of Johnson Controls International by 7.5% in the first quarter. Advisors Asset Management Inc. now owns 34,674 shares of the company’s stock worth $2,265,000 after purchasing an additional 2,409 shares during the last quarter. Axxcess Wealth Management LLC grew its stake in shares of Johnson Controls International by 23.5% in the first quarter. Axxcess Wealth Management LLC now owns 12,209 shares of the company’s stock worth $798,000 after purchasing an additional 2,327 shares during the last quarter. Delap Wealth Advisory LLC bought a new stake in shares of Johnson Controls International in the first quarter worth about $306,000. National Bank of Canada FI grew its stake in shares of Johnson Controls International by 179.2% in the first quarter. National Bank of Canada FI now owns 1,568,286 shares of the company’s stock worth $102,864,000 after purchasing an additional 1,006,524 shares during the last quarter. Finally, Lake Street Advisors Group LLC grew its stake in shares of Johnson Controls International by 21.1% in the first quarter. Lake Street Advisors Group LLC now owns 5,151 shares of the company’s stock worth $338,000 after purchasing an additional 899 shares during the last quarter. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on JCI. Wells Fargo & Company raised their target price on Johnson Controls International from $70.00 to $75.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 10th. Citigroup lifted their price objective on Johnson Controls International from $59.00 to $68.00 and gave the company a “neutral” rating in a research report on Monday, April 8th. Oppenheimer lifted their price objective on Johnson Controls International from $70.00 to $76.00 and gave the company an “outperform” rating in a research report on Thursday, June 27th. UBS Group cut Johnson Controls International from a “buy” rating to a “neutral” rating and cut their price objective for the company from $74.00 to $68.00 in a research report on Monday, May 6th. Finally, Barclays cut their price objective on Johnson Controls International from $62.00 to $61.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 10th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $65.23.

Johnson Controls International Stock Up 3.1 %

NYSE JCI traded up $2.05 during mid-day trading on Friday, reaching $68.77. The stock had a trading volume of 3,790,069 shares, compared to its average volume of 5,324,303. Johnson Controls International plc has a 1 year low of $47.90 and a 1 year high of $74.23. The stock has a market cap of $46.33 billion, a PE ratio of 27.84, a price-to-earnings-growth ratio of 1.68 and a beta of 1.28. The company has a fifty day moving average price of $69.57 and a 200 day moving average price of $63.88. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.87 and a quick ratio of 0.65.

Johnson Controls International (NYSE:JCI) last announced its quarterly earnings data on Wednesday, May 1st. The company reported $0.78 earnings per share for the quarter, topping analysts’ consensus estimates of $0.75 by $0.03. Johnson Controls International had a net margin of 6.32% and a return on equity of 13.21%. The company had revenue of $6.70 billion during the quarter, compared to analyst estimates of $7.51 billion. During the same period in the previous year, the business earned $0.75 EPS. The firm’s revenue for the quarter was down 6.1% on a year-over-year basis. On average, research analysts expect that Johnson Controls International plc will post 3.57 earnings per share for the current year.

Johnson Controls International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 19th. Investors of record on Monday, June 24th were issued a $0.37 dividend. The ex-dividend date was Monday, June 24th. This represents a $1.48 dividend on an annualized basis and a yield of 2.15%. Johnson Controls International’s payout ratio is currently 59.92%.

Insider Buying and Selling

In other Johnson Controls International news, COO Nathan D. Manning sold 3,000 shares of the business’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $62.86, for a total transaction of $188,580.00. Following the completion of the sale, the chief operating officer now directly owns 106,891 shares in the company, valued at approximately $6,719,168.26. The sale was disclosed in a document filed with the SEC, which is available through this link. In other Johnson Controls International news, VP Daniel C. Mcconeghy sold 9,342 shares of the business’s stock in a transaction on Friday, May 10th. The shares were sold at an average price of $65.50, for a total transaction of $611,901.00. Following the completion of the sale, the vice president now directly owns 25,378 shares in the company, valued at approximately $1,662,259. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, COO Nathan D. Manning sold 3,000 shares of the business’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $62.86, for a total transaction of $188,580.00. Following the sale, the chief operating officer now owns 106,891 shares of the company’s stock, valued at $6,719,168.26. The disclosure for this sale can be found here. Insiders sold a total of 18,067 shares of company stock worth $1,163,404 in the last three months. Insiders own 0.69% of the company’s stock.

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.